Linda Staples Terry's (lstaples) Blog

this week's talley of property transfers involving a bank as either buyer OR seller (foreclosure or REO sale) comes to 22.4% of the total, (52 out of 232)-- a slight decline over last week's high of 24%. So, for the 5 weeks that I have been tabulating this, the Richmond area, (including surroundi...

I drove across the bridge with great anticipation-- leaving 8" of snow behind in Richmond, the Outer Banks barrier islands of North Carolina greeted me with sunshine and a stiff wind.  These islands have welcomed visitors from Canada to Virginia for over a century, and are the birthplace of first...

A very interesting trend!  The property transfers this week in the Richmond VA metro area/surrounding counties reflects that 24% of all transactions involve a financial institution as either buyer or seller, indicating either a foreclosure sale or REO sale.  This is a SIGNIFICANT increase over th...

A few days ago I was having a conversation with an attorney friend to enlist his help shaking loose a large commission earned over a year ago and not yet paid.  Talk turned to the current economic state of events and he made a great comment that made my day! "Aren't you GLAD, he said, that you sp...

With spring around the corner, what better time to sell rolling hills, wooded valleys, streams and board fencing?  Yes, Tranzon Fox in Richmond is going country!  All of a sudden we have farms on the auction calendar-- and other raw land.  Some of it will be selling without reserve. I have notice...

Friday afternoon I looked at a lovely farm about an hour outside Richmond VA.  It's 180 acres, with about 60 acres cleared and planted in high quality, disease resistant fescue.  Bordered on two sides by small rivers.  The sellers are most anxious to sell and are talking with me about auctioning ...

Yesterday afternoon I went on an interesting appointment.  It was with a well-dressed, college educated man and his two sons who are what I would call mid-scale residential developers.  Back in 2005, when the housing market was still on an upward, expanding trend, they bid for the purchase of 12 ...

It was encouraging to read in the Christian Science Monitor how many large foundations across the nation have been reaching out to help citizens in their own hometowns at the street level to give financial counseling, prevent foreclosures and leverage financing to keep neighborhoods from declinin...

Happy Sunday!   Every Saturday, the Richmond Times Dispatch lists property transfers that have closed in and around the area.  For the past 2 weeks , I have tabulated these statistics from those transactions. Total property transfers listed -                                                       ...

this comment actually made me feel RELIEVED when I heard it the other day after headlines full of QUIMONDA LAYS off blah blah CIRCUIT CITY cuts Jobs STATEWIDE CAR DEALERS are laying off.. LANDAMERICA will close within 6 months WACHOVIA lays off bunches MATTRESS KING files Bankruptcy.... the point...