Virginia senators, delegates hold favorable views toward housing.
Virginia homeowners will be well-served by the representatives who were elected to the state Senate and House of Delegates in early November.
That's according to the Virginia Association of REALTORS®, which endorsed and supported a record number of successful candidates.
The association, representing the interests of both REALTORS® and homeowners, researches housing issues, reviews candidates' positions and track records, contributes to political campaigns and helps candidates communicate their views to voters, all with the aim of garnering support for housing.
Save for retirement or pay mortgage?
Federal legislation would let homeowners use 401(k) to make mortgage payments.
Should homeowners be allowed to use their retirement savings to make their mortgage payment without being penalized by the federal government?
That's the idea behind a bill, pending in Congress, that would allow penalty-free distributions from a 401(k) account for the purpose of making mortgage payments.
Faster short sales would reduce foreclosures
No one likes foreclosures. That's why Virginia REALTORS® support federal legislation to speed up the short-sale process.
It's impossible to talk about real estate in Virginia—or any other U.S. state, for that matter—without bringing up the subject of foreclosures. While experts disagree on exactly how much damage foreclosures cause to neighborhoods and home sales, there's no denying that the effect is generally negative. Foreclosures, truth be told, hurt everyone and benefit almost no one.
So what's the status of foreclosures in Virginia today?
Protecting the value of your home is a key interest of homeowners, and it's because of this that the Virginia Homeowners Alliance (www.VaHomeownersAlliance.com) offers a comprehensive Web site to provide homeowners with up-to-the-minute local and statewide information.