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DENVER METRO AREA MARKET RECAP - OCTOBER 2009
| % Change vs | |||
| OCT 09 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 18,945 | -4.48 | -18.06 |
| Under Contract | 4,910 | -6.08 | 9.01 |
| Sold | 3,958 | 2.91 | -7.57 |
| Avg DOM | 93 | -2.74 | -1.59 |
| Avg Sold Price | $238,807 | -4.90 | 2.81 |
| Residential | |||
| Active | 14,376 | -4.45 | -19.43 |
| Under Contract | 3,800 | -5.68 | 4.14 |
| Sold | 3,052 | 1.70 | -9.86 |
| Avg DOM | 92 | -4.17 | -1.08 |
| Avg Sold Price | $261,771 | -4.61 | 4.64 |
| Condominium | |||
| Active | 4,569 | -4.57 | -13.43 |
| Under Contract | 1,110 | -7.42 | 29.82 |
| Sold | 906 | 7.22 | 1.12 |
| Avg DOM | 98 | 1.03 | -3.92 |
| Avg Sold Price | $161,451 | -4.06 | -1.96 |
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SURVIVING THE CURRENT HOUSING MARKET!
YOU ARE NOT ALONE IF YOU ARE HAVING TROUBLE
PAYING YOUR MORTGAGE!
If you are having trouble paying your mortgage for any reason, or expect problems, you should work with experts and your lender to find a solution now. If you fall behind and don’t take action, the lender could foreclose on your home.
HOW WE CAN HELP!
REALTORS® are in the business of helping people become homeowners and want to do everything they can to make sure you can afford to stay in your home. Make sure you know your options. Talking to your lender or “loan servicer” that collects the payments should be your first step.
Your options may include:
· FORBEARANCE
· REINSTATEMENT
· REPAYMENT PLAN
· LOAN MODIFICATION
· SIGN OVER THE PROPERTY TO THE LENDER IN EXCHANGE FOR DEBT FORGIVENESS
Sometimes the only option is selling the home. Of course, no one is better at helping a seller than a REALTOR®. It may be better to sell than go through foreclosure, because it may be easier to qualify in the future and buy another home.
(Be wary of advertisements like “Cash for Houses/Any Situation” or “We Buy Houses for Cash.” Consumer groups have learned that many of these are scams that bait the homeowners with the promise of rescuing them from imminent foreclosure. Unfortunately, the “rescue” often involves the borrower signing over the house and the family being evicted from their home.)
See Additional Information Here
and then...
Contact us to for information or help in exploring your options with a bankruptcy attorney, mortgage lender and Realtors®, to see what your options are and answer questions you have.
EMAIL or CALL 303.345.3000 TODAY!
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