Foreclosures Skyrocket

Published by Waldo Jaquith on May 27, 2007 in Development and Law and Justice. 36 Comments

'We Buy Houses' SignI’d wondered to what to attribute the “We Buy Houses” signs all around the county, planted illegally in the right of way. (The sign at right was planted by DMT Properties, one of dozens that literally litter the landscape.) They’re a scam, of course, but Commonwealth Attorney Jim Camblos has apparently chosen to turn a blind eye. Turns out there’s a reason for the flourishing signs, as Brian McNeill points out: rising adjustable mortgage rates mean that people’s homes are being foreclosed on as they fall behind on their payments. The purpose of the signs is to prey on these desperate souls, offering them false hope at a chance to escape foreclosure.

Foreclosure notes in the paper during the first quarter of this year are up 27% from the same period last year. The Piedmont Housing Alliance says they simply can’t keep up with homeowners seeking help, which has increased by five-fold since this time last year. Subprime lenders have provided mortgages to people who simply can’t afford them, and now the industry is collapsing.

I’m mystified that no local media outlet has done a story about DMT Properties and their ilk. The business is a scam, their method of promotion is unsightly and blatantly illegal, and yet nobody says boo. What gives?

05/29 Update: DMT Properties responds.

Privatizing the Downtown Mall

Published by Waldo Jaquith on May 26, 2007 in General News. 9 Comments

In the current week’s Hook, columnist Peter Kleeman decries the loss of public space on the Downtown Mall, now that it’s being leased for the exclusive use of not just cafés, but to the ever-growing Charlottesville Pavilion. The agreement between the city and the pavilion allowed them to occupy a certain amount of space, which was extended down the Mall a bit while the transit center was under construction. Construction is finished, but the pavilion wants to continue to cordon off the Mall beginning at the end of the free speech monument, completely blocking the entrance to City Hall. The city is considering allowing the pavilion to continue doing this permanently, any time that they hold an event.

Henry Graff picked up the story for NBC 29, interviewing local blogger Sean McCord, who was recently surprised to be halted at the barricades while taking a walk.

It was only two years ago that Rich Collins was arrested while campaigning on private property. He decried the loss of public space to privatization, a concern that looks downright prescient now.

Independent Candidate in Sheriff’s Race?

Published by Waldo Jaquith on May 24, 2007 in Politics. 2 Comments

WINA is running a curious story right now, “clarifying the position of [Sheriff Ed Robb]” in the sheriff’s race. Robb wants listeners to know that “he will not make any public endorsements in the race to succeed him until after June 12th.” Republicans and Democrats have chosen their candidates, which would normally be the end of things, but the filing deadline for independents and third party candidates isn’t for another few weeks. This is a strange thing for Robb to say unless he suspects that another candidate may be jumping into the race. Interestingly, Robb apparently requested this correction as a result of Republican candidate Chip Harding claiming that he had Robb’s support in the race, indicating that Harding had cause to believe that the incumbent is backing him.

Robb won last time around with 49% of the vote, a result of a third candidate garnering just 13% of the vote. The guy who came in second? Larry Claytor, with 37%, the man who is the Democratic nominee this time around.

Mall Overhaul Planned

Published by Waldo Jaquith on May 24, 2007 in General News. 2 Comments

The thirty year old brickwork on the Downtown Mall is long overdue for replacement, Seth Rosen writes in today’s Progress, and the city plans to spend $1.72M to replace the bricks over the next four years. The two automobile crossings are in particularly bad shape — the physical infrastructure was never meant to routinely handle anything heavier than pedestrians. An employee in the city engineering department told me, many years ago, that the contractor who installed the brickwork in the first place failed to meet the spec, which dramatically shortened the lifespan of the surface. The brick replacement is just a small part of the $7.5M in planned improvements, which will include “buying new street furniture, upgrading underground utilities, adding new lighting and improving the surrounding landscaping.”

C’ville Mentioned on The Simpsons

Published by Waldo Jaquith on May 21, 2007 in General News. 16 Comments

The 400th episode of the Simpsons, “You Kent Always Say What You Want,” aired last night, and it contained a mention of Charlottesville. Our cameo is as a faux ice cream flavor. Fred Weaver provides this clip:

Cool!

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