"A Tale of Two Foreclosures" - What Will Foreclosure of 1216 Augusta Street Do to "Value" of Nearby Properties For Sale?

C-ville Weekly has an article by Will Goldsmith entitled "A Tale of Two Foreclosures" with the subtitle, And a look at their place in the scheme of things.

1216 Augusta Street in Charlottesville is scheduled to be sold at foreclosure auction on January 6, and 332 Minor Ridge Road, in Albemarle County, is scheduled for foreclosure auction December 11.

The owner of both properties is Doug McGowan