Study DetailsCharlottesville's Foreclosure Rates

from NBC29 ...

With some help from the University of Virginia, a Central Virginia real estate expert has put together some important findngs on Charlottesville's foreclosure rates.

According to the study, from June 2006 to September 2008, the following six areas in Charlottesville have been hit the hardest.

1. Fifeville (12 out of 471 homes foreclosed, or 2.55 percent of owner-occupied homes)
2. Ridge Street corridor (11 out of 461 homes foreclosed, or 2.39 percent)
3. Neighborhoods along Jefferson Park Avenue (two foreclosures out of the 95 homes, or 2.11 percent)
4. Tenth and Page streets and Venable area (four foreclosures out of 201 homes, or 1.99 percent)
5. North Rose Hill (1.95 percent of homes being foreclosed, or seven out of 359 homes)
6. Fry's Spring and Johnson Village zone (14 foreclosed homes out of 914, or 1.53 percent)

Another sign of rough times: The number of renter evictions in Albemarle County has been steadily rising since 2006, currently up by 47 percent.

"I got one yesterday from a woman who has two children, no family to turn to; she's evicted; she's lost her job; she doesn't have any income, and she's tried all the places that we provided to her for assistance, and she doesn't have any money," Albemarle County Sheriff Chip Harding said.

Harding's office distributes notices at the start of the eviction process. "I say if all else fails, or if you feel like you're getting the run around, call me," Harding said. "And I went from getting like one call a week, now I've been getting like three calls a week."

Foreclosure or eviction, times are tough, and homeowners and renters are feeling the pain. "I really wish that I had a pot of money I could dish out in some of these cases because they're just heart-wrenching cases," said Harding.

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