Foreclosures illustrate mortgage meltdown (Times-Dispatch) The brief proceeding on an overcast late-winter afternoon was a microcosm of the current state of the nation’s housing crisis. It reflected the dying hopes of one family, the Bangs, who were never told of their home’s reprieve at the auction. Still facing big bills with little work available, they… Read more »
Search Results for: foreclosures
On Your Right, Foreclosure No. 3
For four weeks now, Brick Smith has been driving investors or other bargain-hunters to look at foreclosed homes. It’s a new niche for the 25-year veteran Realtor. On a cold Saturday last month, Brick had an investor in his 30s sitting shotgun in his Lincoln. This particular investor, who did not give Richmond BizSense permission… Read more »
NewsFeeds 3.5.09
33,000 local homeowners owe more than homes are worth (Virginian-Pilot) More than 33,000 homeowners in Hampton Roads owed more on their mortgages than their homes were worth at the end of 2008 as home prices continued to fall, according to a report released Wednesday by a mortgage research firm. Cranes Are Ready, Financing Isn’t (Washington… Read more »
Q&A: How are builders surviving the housing freeze?
BizSense has been keeping a close eye on building volume around Richmond, and if you’ve been reading you know it is down between 40 and 60 percent. Kevin Russell, vice president of Construction Management Solutions, has witnessed the slowdown firsthand. BizSense sat down with Russell at CMS’s office near the Chesterfield Airport to talk about… Read more »
Mental health services receive $1 million grant
Eye on the General Assembly: Residents suffering from mental illness will soon have expanded access to health care thanks to a $1 million challenge grant awarded to the Virginia Health Care Foundation.
NewsFeeds 2.12.09
LandAmerica unit wants funds access (Times-Dispatch) A LandAmerica Financial Group Inc. subsidiary wants access to customer funds to pay vendors and expenses while going through Chapter 11 bankruptcy proceedings. LandAmerica 1031 Exchange Services Inc. filed the request in U.S. Bankruptcy Court in Richmond and said if it is not granted, the company may be forced… Read more »
About Us
Your city. Your business. Richmond BizSense is Richmond’s premier source of business news and information. We publish four to six original news stories each weekday and provide regular roundups of local foreclosures, business licenses, building permits, legal disputes and more. Our editors also curate a list of the most important local, state and national business… Read more »
Newsfeeds For 1.30.2009
Va. jobless rate at 13-year high (Times-Dispatch) Virginia’s unemployment rate spiked to 5.2 percent in December, hitting its highest point in nearly 13 years. Va. lawmakers push to limit investments in Iran (Virginian-Pilot) The U.S. government calls Iran the world’s most active state sponsor of terrorism. Virginia’s public retirement system calls it, indirectly, an investment…. Read more »
January Newsfeeds
1.29.2009 Richmond gets extra time on ballpark (Times-Dispatch) The developers pitching a minor-league ballpark for Shockoe Bottom are giving Richmond Mayor Dwight C. Jones an extra five months to swing. Region’s new homebuilding hits lowest point since 1984 (Virginian-Pilot) New home construction and sales in Hampton Roads last year fell to their lowest point in… Read more »
Newsfeeds for January
1.29.2009 Richmond gets extra time on ballpark (Times-Dispatch) The developers pitching a minor-league ballpark for Shockoe Bottom are giving Richmond Mayor Dwight C. Jones an extra five months to swing. Region’s new homebuilding hits lowest point since 1984 (Virginian-Pilot) New home construction and sales in Hampton Roads last year fell to their lowest point in… Read more »