There were 947 Virginia Beach VA foreclosure homes in April 2012, according to RealtyTrac.com. 1 in every 888 housing units received a foreclosure filing. The average sales price of a Virginia Beach VA home was $264,129 and the average sales price of a foreclosure home was $174,543, a $89,586 savings.
Virginia Beach VA Foreclosure Activity and 30 Year Interest Rate
The interest rate on a 30 year mortgage was 3.91% in April and there were 200 new foreclosures compared to 205 new foreclosures in March.
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.
Virginia Beach VA Foreclosure Geographical Comparison
Virginia Beach VA foreclosures were 0.03% below national statistics and 0.04% above Virginia figures in April.
Virginia Beach Va Foreclosure Activity by Month
Virginia Beach VA foreclosure activity is rising. The number of Bank-owned properties decreased from 50 in March to 47 in April, while the number of Auctions dropped from 155 to 153.
Are you or someone you know behind on mortgage payments and facing a Virginia Beach VA foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I hold the Short Sales and Foreclosure Resource Certification (SFR) and am trained in helping families avoid foreclosure. Give me a call for a private consultation.
April Partida is a Professional, Experienced and Results Oriented, Top Virginia Beach VA Realtor committed to meeting your needs.
April has distinguished herself as a leader in the Virginia Beach Virginia real estate market. April assists buyers looking for Virginia Beach VA real estate for sale and aggressively markets Virginia Beach homes for sale. April is also a Short Sales and Foreclosures Resource Specialist (SFR). Avoid foreclosure and short sale expert, committed to helping families in financial hardship find options to foreclosure.
You can reach April at 757-227-1777 or by email, firstname.lastname@example.org.
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