STATS FOR $1 MILLION + SALES IN 2009
as of February 28, ‘09
# Sold: 5
Av. Days on Market: 314
Av. List Price: $1,978,800
Av. Sold Price: $1,769,000
% of List Price to Sold Price: 89%
# Under Contract: 8
Av. U/C List Price: $1,681,625
Av. U/C Days on Market: 179
What if I am behind or having trouble paying my mortgage?
-You may qualify for a loan modification (only on your 1st lien) IF the home is your primary residence, your payment is more than 31% of your gross monthly income and if you loan is within current Fannie/Freddie limits.
What if I am not close to foreclosing, but am struggling?
-You may be eligible to refinance into a fixed loan IF the loan is held by Fannie/Freddie and IF you owe less than 105% of the home's current value on your 1st mortgage.
What are other ways I can get some relief?
-If you make some "green" changes to your home, you can get back 30% of expenses up to $1500
(Source: The Virginian-Pilot )
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved