On the Move

Lang McLaughry Spera Rutland Office has moved to a new location.  Please come and visit me at the beautiful new office location:

85 North Main Street, Rutland, Vermont 05701

Phone, Fax  and e-mail stay the same.

Rutland VT Foreclosure Trends – June 2009

There are 11 Rutland VT foreclosure homes for sale with 2 new foreclosures in June 2009, according to RealtyTrac.com. There were 21 new foreclosures in the state as a whole in June.

Rutland VT Foreclosure Activity and Home Price Index

Rutland VT foreclosures doubled in June compared to April and May with 2 homes being foreclosed. This is half the number of foreclosures from December 2008 when 4 homes foreclosed.

 

Rutland VT  foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Rutland VT Foreclosure Geographical Comparison

Rutland VT foreclosure activity is lower 0.21% lower than national statistics and the same as Vermont statistics.

Are you or someone you know behind on your mortgage payments and facing a Rutland VT foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home.  Give me a call for a private consultation.

Learn more about Rutland VT real estate by visiting ISellVermontRealEstate.com.

Search all Rutland VT real estate and homes for sale.

 

Just Listed! 4 Bedroom, 3 Bath – 21.46 acres, plus a Covered Bridge!

This 4 bedroom, 3 bath, mint condition house comes on 21.46 acres with it’s own Covered Bridge, Pond and approx 1500′ of frontage along Mill River.  There is a barn, sugar house, shed. The barn is 40×90 with electric throughout. Aside from a fireplace and woodstove, you will also find a Great Room and Family Room – Plenty of room for the family and all the friends. Close to Jackson Gore and Okemo, across from the Green Mountain National Forrest and minutes from the VAST Trail.  For Pictures please go to http://isellvermontrealestate.com, if you want a tour of the land, e-mail:  irene@isellvermontrealestate.com

Offered for $650,000 – including the bridge and pond.

Buying Rutland VT Real Estate: Factors Deciding Credit Score

If you are buying Rutland VT real estate, you will want to know what your credit score is. Lenders look at your credit history, debt-to-income ratio and your credit score when qualifying you for a home loan. Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect yourscore:

1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.

2. How much you owe.  If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.

3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer’s oldest obligation is 14 years old, indicating that he or she has been managing credit for some time, according to Fair Isaac Corp., and only one in 20 consumers have credit histories shorter than 2 years.

4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay them promptly.

5. The types of credit you use. Generally, it’s desirable to have more than one type of credit – installment loans, credit cards, and a mortgage, for example.

For more on evaluating and understanding your credit score, visit www.myfico.com. 

Are you thinking of buying Rutland VT real estate. Learn about the home buying process at ISellVermontRealEstate.com or give me a call for more personal service, 800-659-1819 . 

Search all Rutland VT real estate and homes for sale.

 

Reprinted from Realtor Magazine with permission of the National Association of Realtors.