Virginia Beach VA Foreclosure Trends – May 2012

There were 924 Virginia Beach VA foreclosure homes in May 2012, according to RealtyTrac.com. 1 in every 916 housing units received a foreclosure filing. The average sales price of a Virginia Beach VA home was $266,216 and the average sales price of a foreclosure home was $184,016, a $82,200 savings.

Virginia Beach VA Foreclosure Activity and 30 Year Interest Rate

The interest rate on a 30 year mortgage was 3.80% in May and there were 194 new foreclosures compared to 200 new foreclosures in April.

 

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 0.04% below national statistics and 0.03% above Virginia figures in May.

 

Virginia Beach Va Foreclosure Activity by Month

Virginia Beach VA foreclosure activity is falling. The number of Bank-owned properties decreased from 47 in April to 28 in May, while the number of Auctions rose from 153 to 166.

 

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.

Search all Virginia Beach VA homes for sale.

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, april@remaxvb.com.  

ALL of the information, NONE of the obligation!

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