Archive for the 'Local Issues' Category
Why Purchasing A Condo Could Become Very Difficult
Lending restrictions have continued to tighten for all buyers, but no section of the market has been more affected than condos.
The majority of lenders now require that no more than 15% of condo association members be 30 days or more behind on their dues, and conventional loans require that least...
Will Loudoun Fail The Walk Score?
While doing some research, I noticed a new feature showing up in the results called a walk score. Interesting.
A walk score is a value given to a home based upon how close it is to conveniences such as grocery stores, restaurants, banks, and entertainment to judge whether or not they are...
Does The Foreclosure Moratorium Affect Short Sales?
You have most likely heard that many banks nation wide are placing a moratorium on foreclosures for a season. While banks and the government work out the legalities and issues at hand in judicial states (Virginia is non-judicial) the question is now at hand... "Will this affect short sales."
The answer...
The Chesapeake Bay Preservation Act Is Drawing A Crowd
The Chesapeake Bay Preservation Act was adopted in 1988 by the VA General Assembly requiring tidewater jurisdictions and water quality protections on land along waterways and wetlands. Along with this comes major government restrictions and costs that are currently not demanded of Loudoun County...
So the question remains... Why adopt it...
Will Loudoun Adopt The Chesapeake Bay Preservation Act?
The Chesapeake Bay Preservation Act is a government program that sets guidelines and restrictions on 84 tidewater areas that flow in to the Chesapeake. Loudoun County lies within the Potomac Watershed which drains in to the Chesapeake Bay. However, Loudoun currently has not adopted the program. There is a good...
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