Land

Prince William County to seize disputed land

Prince William County supervisors have voted to compel an 83-year-old woman and her sons, Parker Family LLC, to turn over their $100,000 parcel of land -- without compensation.

“They basically just get the property,” said Sally Hankins, attorney for Parker Family LLC. “The county is going to file a document … saying they’re initiating a quick-take on the property.” The filing will claim the property's value as zero, allowing the the county to take it without payment.

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USDA 502 loans (almost) rescued

Like FHA loans, USDA-backed loans have been surging in popularity over the past few years due to tightening credit underwriting standards.  After doubling its loan volume from 2008 to 2009, the Rural Development 502 Single Family Housing Guaranteed Loan Program was on the brink of insolvency.

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Wetlands violations risky, and expensive

Wetlands may be hard to spot -- and disturbing them without obtaining the required permits can be very expensive.

Kurt Lorenz found that out the hard way after he bought 22 acres of vacant land in southern Chesapeake. He didn't know that the property contained wetlands, and started work on a horse barn. Today, he faces a $22,750 fine from the Virginia Department of Environmental Quality, plus a $50,000 expense to restore the disturbed wetlands.

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Legal battle ends over condemnation of Roanoke property

The legal battle over a three-acre plot of land on Reserve Avenue has ended, with B&B Holdings accepting its condemnation. The City of Roanoke had exerted eminent domain to take the land for a Carrilion Clinic biomedical park, but has since dropped those plans.

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Virginia Realtors to gather for annual convention at the REal Show

The annual convention for Virginia Realtors, The REal Show will be held October 1-3 at the Virginia Beach Convention Center. Featured speakers will include legendary Washington Redskins quarterback JoeTheismann and Richard Bitner, managing editor of Housing Wire.        

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State negotiating to keep tolls low for Midtown Tunnel drivers

State officials are negotiating for lower proposed tolls with Elizabeth River Crossings, a private group that wants to expand the Midtown Tunnel. Officials put the cost of adding a second tube to the Midtown Tunnel, refurbishing the Downtown Tunnel and extending  the Martin Luther King Freeway at an estimated cost of $1.9 billion. Transportation officials say the proposed construction would fix two of the region's worst traffic bottlenecks.

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