Harrisonblog

Today’s edition of the Daily News Record included a notice that a large portion of the Harrisonburg Crossing Shopping Center is in foreclosure proceedings.  With more than 500,000 square feet, the popular retail site is home to Barnes & Noble, Staples, Wal-Mart, and many other stores and restaurants.  (In June Best Buy will take over [...]

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Yep, homeowners who are facing foreclosure can stay in their homes — as renters. Fannie Mae just designed a new program called the Deed for Lease Program that allows homeowners to stay in their own homes as tenants. Here is the gist of how this works, according to Market Watch:
Participating borrowers voluntarily transfer their property [...]

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Lets face it, the economy is cold, bad, not fun right now. When the economy goes sour, so does the financial welfare of most of us. For the housing market, this means that many folks need to sell their homes, foreclose, or do a short sale. What is the difference between a foreclosure and a [...]

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Today, President Obama gave a speech about his $75 Billion Housing Plan in Mesa, Arizona. Here is a snippet of his speech:
Through this plan, we will help between seven and nine million families restructure or refinance their mortgages so they can avoid foreclosure. And we are not just helping homeowners at risk of falling over [...]

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The Harrisonburg area has blessedly few foreclosures. (Check out this previous post with a cool map showing foreclosure rates in every city and county in the U.S.)
However, if you are interested in hunting for a deal on a property in foreclosure, here is a great post on one of our favorite blogs with a [...]

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This morning’s edition of the Daily News-Record ran a story reporting that the unemployment rate in the Harrisonburg-Rockingham area has dropped to 3.5%, which is down from 4.2% a month earlier. More good news on the stability of our local economy can be found on this very cool web resource provided by the Federal Reserve [...]

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