Wells Fargo Short Sale At 75 S Reynolds Street Unit 215 In EOS 21 | Aleaxandria VA 22304

75 S. Reynolds Street Unit 215

Alexandria VA listing agent and short sale specialist Tamara Inzunza has just listed a 1br/1ba condo in Alexandria VA.  Enjoy contemporary community amenities such as outdoor swimming pool, library, state-of-the-art fitness center, internet cafe, lounge, kitchen, convenience store, and grill area.

This second floor condo is offered at the attractive price of $125,000, and includes:

• hardwood floors
• separate dining area
• ceramic tile in kitchen
• stainless steel appliances including gas stove, dishwasher, built-in microwave, refrigerator with ice maker
• balcony off living room with views of courtyard
• washer/dryer
• master bedroom with large closets
• secure building entry

This close-in community offers a shuttle to the Van Dorn metro and is pet-friendly!

This property is a short sale and requires lender approval.  Estimated approval time once all required paperwork has been submitted is within 30 business days.

Subdivision: EOS Twenty-One (Alexandria VA 22304)

Sales Price: $125,000

Bank Invoved: Wells Fargo

Contact Info: Listed by Tamara Inzunza, CDPE, CDRS, SFR, specializing in short sales

If you are currently having difficulty paying your mortgage, you may qualify to sell your home as a short sale.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

Manchester Lakes in Alexandria VA is one of the few communities with affordable prices, convenient location, and enjoyable amenities where you can live well and still be close to metro and Washington DC.

Alexandria VA Short Sales |
Chase Short Sale Under Contract In Pembrook Village

Our Alexandria VA short sale listing at 4420 Pembrook Village Drive is now Under Contract.

If your mortgage is with Chase Mortgage, and you’re interested in finding out if you qualify for a short sale, please contact us.  Chase Mortgage has made it easy for borrowers to start the request for a short sale. 

If you qualify and would like to sell your home, the next step would be to complete the preliminary Chase Short Sale Packet, and list your home with an experienced and qualified Alexandria VA short sale agent.

Alexandria VA Short Sale Specialist | 703-623-8759 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

Rosemont Condos For Sale In Alexandria VA |
Open House Sunday July 11

$2500 Buyer Incentive

300 Commonwealth Avenue Unit 2

Bright, open, and clean two bedroom/one bath condo for sale in Rosemont section of Alexandria VA, just a few short blocks away from King Street metro on the blue and yellow lines. Be sure to stop by the Open House this Sunday from 1-4 PM.  Features include:

• Elevated first floor unit
• Secure building entry
• Hardwood floors throughout
• Gas cooking in kitchen
• Washer and Dryer in unit
• Rear screeded porch
• One off-street parking space conveys

Owner offering $2500 incentive which can be used for:

• Prepaid condo fees
• Upgrade the appliances
• Upgrade the countertops

Below 5% interest rates make this beautiful home oooh so affordable!

Alexandria VA Short Sales | 4420 Pembrook Village Drive (Pembrook Village) |
Alexandria VA Condos For Sale 

4420 Pembrook Village Drive

Alexandria VA listing agent Tamara Inzunza has just listed a beautiful two bedroom/two bath, three level end unit condo that is move-in ready.  This short sale requires third party-lender approval. 

Features include: 

* – two master suites, each with its own full bath 

* – living room with wood-burning fireplace 

* – updated kitchen appliances 

* – stack washer and dryer 

* – walk-in closet in master bedroom 

* – upper level balcony 

* – upper level loft/den, perfect for the home office space 

* – assigned parking and lots of visitor parking 

This home offers a convenient Alexandria location that is roughly 15 minutes away from the Huntington metro station, which is the end of the yellow line.  For military families relocating to Northern Virginia, it is located less than 10 minutes to Fort Belvoir (south), and from the Huntington metro offers a direct route to the Pentagon. 

Subdivision: Pembrook Village 

List Price: $130,000 

Bank: Chase Short Sale 

Listing Agent: Tamara Inzunza, CDPE, CDRS, SFR (Listing agent specializes in short sales) 

Alexandria VA Short Sale Specialist | 703-623-8759 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

The Shadow Knows | Northern Virginia Marketwatch
Real Estate Update And Home Sales Statistics

What lurks in the future of Northern Virginia’s real estate market? With a tip of the hat to the old radio serial of the 1930s, The Shadow Knows.
 
In this case, we are watching two “shadows” closely: the much-discussed shadow inventory of distressed homes that may flood the market, as well as the long shadow cast by the specter of rising interest rates.
 
Distressed homes are short sales – those where the owner sells owing more than the house is worth – and foreclosures, broadly defined as those homes lost to the lender because of default on the mortgage. One of the measures we look at is the trend in new listings coming on the market in our regional multiple listing system and, as the chart to the right indicates, there is not yet an upward trend in this distressed inventory. Short sales (the yellow bar) constituted 16.6% of new listings in the first 4 months of 2009 and 14.8% in the same time period of 2010. Foreclosures (the red bar) were 7.2% of all new listings in January-April 2009 and just 2.3% so far this year. This doesn’t mean there’s nothing to worry about, because we know that lots of home owners are still upside down on their mortgage – but we are encouraged that the “shadow” inventory isn’t exploding.
 
Frankly, we’re convinced that rising mortgage interest rates will have more impact on the market recovery than distressed inventory, but we’re tempering our concern over the fact that, as rates rise, 3-, 5- and 10-year adjustable rate mortgages will become more popular, and their lower-than fixed rates will help cushion the loss of buying power that will come with higher rates. For more metro area statistics, visit http://www.mcenearney.com and click on the “news” tab.

If you’re thinking of a move, don’t let the summer sail on by … A great selection of homes is currently available, but the inventory is changing frequently. 

For the most up-to-date assessment of our LOCAL market, please call me today. As an industry leader, McEnearney Associates prides itself on it’s comprehensive knowledge throughout our area … data and statistics that just may surprise you.  

Alexandria VA Homebuyers Have Yet Another Reason To Get Preapproved |
Your Loan Is No Longer Available

We're Sorry That Mortgage Program Is No Longer Available Please Try Your Loan Again Later

If it’s been a while since you’ve checked in with your mortgage lender, you may want to call and make sure that you are STILL are approved for your mortgage loan.

While not having a  pre-approved didn’t make this buyer cry, finding out that he would have to make a larger down payment because the previous mortgage that he qualified for was no longer available did come as a surprise!

Realtors can never grow tired of stressing the importance of obtaining your mortgage pre-approval before starting your home search.  There are so many emotions involved when buying a home, and having your pre-approval just eliminates the emotion of disappointment when you realize that a house that you fall in love with is out of your price range.

Due to the changes in lending industry, many mortgage programs that were available three or four years ago, have been pulled off the shelf and are no longer being offered today.  And even if you have good credit and a stable job history, the lender may require additional documentation today that would not have been requested years ago.

A good example is if you currently own a home and you are moving up to purchase another home.  Today, if you intend to rent your home, a lender may ask you to provide rental comparables for homes that have rented in your neighborhood, in addition to a signed lease and proof of a security deposit and first month’s rent as a condition of your loan approval.  Your lender may also require you to show documentation that you have a certain amount of money in reserves to cover a vacancy, an amount over and above what your estimated closing costs will be.

Here’s another example that I’ve seen first-time homebuyers use as an excuse for not getting a mortgage approval.  And that is the fact that they don’t have the money for closing costs NOW, but they will have it by the time of closing.  Lenders today aren’t playing that game…and they shouldn’t.  Today, a lender will want to see that you have your money for a down payment and closing costs already in the bank.

Alexandria VA homebuyers can take some of the stress out of the homebuying process by taking the initiative to obtain their mortgage approval.  There’s no cost and no obligation to actually make a purchase, but it’s the all too important first step that shouldn’t be overlooked.

Video: Biggest Buyer Blunder – The Importance of Loan Approval

Bonus Free Report #1: 10 Questions To Ask Your Lender 

Bonus Free Report #2: 10 Things A Lender Needs From You

Bonus Free Report #3: 8 Steps To Getting Your Finances In Order 

At 12505 Trotter Court, you’re just five minutes away from Lake Ridge Park!

At 12505 Trotter Court, you’re just five minutes away from Lake Ridge Park!