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Heather Sakers

OBX Market Stats $1 million + Homes

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

OBAMA’S HOUSING PLAN

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 )