March 2010 
There are 2 blog entries for March 2010.
New Short Sale Rules Start April 5th, 2010
Thursday, March 18th, 2010 at 10:22am. 1011 Views, 0 Comments.
New Short Sales Rules
New Treasury Department rules geared towards expediting short sales will go into effect April 5th. Incentive payments included in the Home Affordable Foreclosure Alternatives Program are designed to help offset the financial burden banks experience when they approve a sale for less than they are owed on a home loan and wide sweeping changes are included to speed up the entire short sale approval process and make it more tolerable for all of those involved.
Some of the new Short Sale Rules Include:
· The seller must first be unqualified for a loan modification under the Home Affordable Mortgage Program.
· The bank is supposed to set an acceptable home value upfront . This will be determined by a third party…
Arlington VA Condos - February 2009 vs. February 2010
Saturday, March 6th, 2010 at 3:54pm. 266 Views, 0 Comments.
Arlington VA Condos - Contract Study
After seeing so many Arlington Condos go under contract lately, many of them with multiple offers, I decided to do a little market research. I wanted to compare Arlington condos from February 2009 with February 2010.
What I found was good news for the Arlington condo market!
Arlington Condo Contract Figures for February, 2009:
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85 properties received contracts
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The average list price was $364,547
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The average days on market was 83
Arlington Condo Contract figures for February, 2010:
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120 properties received contracts
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The average list price was $379,200
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The average days on market was 54
