Alexandria VA Short Sales – Gone and Back Again |
Midtown Alexandria Condo Reduced Price

 

• 24-hour concierge
• internet cafe with complimentary coffee and tea
• one bedroom guest suite that can be rented
• fitness center
• massage room
• outdoor pool
• outdoor kitchen area with grill
• secure building

Here is a photo tour of the amenities of Midtown Alexandria Station condos:

Whether you’re commuting to work, or are out and about checking out the cool things to do, wouldn’t it be nice to leave your car parked in the garage and walk across the street to the Huntington metro? Enjoy dinner and a movie just one stop away at the AMC Theature and restaurants at Eisehower Avenue metro, or visit the historic sites in Old Town Alexandria just two stops away at the King Street metro.  Call me at 703-623-8759 to take a look at this lovely unit today.

If you are an Alexandria VA homeowner and you are facing a financial hardship, please contact me to discuss your options to avoid foreclosure.  As a short sale specialist, I can help you determine what’s your best course of action.

Alexandria VA Bank Owned Homes and Foreclosures

Alexandria VA real estate consists of traditional equity sales, and distressed sales such as bank owned (or REO) homes, pre-foreclosure sales, and short sales.  As an Alexandria VA short sale listing agent, I am very familiar with how foreclosures and short sales work.  Distressed sales in Alexandria VA peaked in March 2011 with the 39 total sales (21 short sales and 18 bank owned properties).  As of June 2011, the number of distressed sales in Alexandria VA (City) was down to 23 (14 short sales and 9 bank owned properties). To see specifics on Alexandria VA foreclosures and short sales by month, scroll or mouse over the points in the interactive chart below.

If you want to know how to buy a foreclosure in Alexandria VA, then you’re in the right place.  As a buyer agent, I help by facilitating your mortgage approval with a local lender, helping you get specific and listening to your search criteria, showing you available Alexandria VA foreclosure homes for sale, and negotiating your purchase contract.  Because many buyers are looking for a home at a steep discount, you’ll likely be competiting against other buyer and cash investors.

Just like Alexandria VA foreclosures, short sales are also a target for homebuyers looking for a bargain.   With short sales, the homeowner is selling the property at a loss, so the bank will want to sell the home as close to market value as possible.  You’ll have the benefit of my experience as a short sale listing agent on your side.  I’ll provide you with insight on what banks expect from buyers when it comes to the purchase offer.

To receive listings of Alexandria VA foreclosures and short sales directly to your inbox, please click here.

Acacia Federal Short Sales – Another Short Sale Approval Letter Received

Arlington VA short sale listing agent Tamara Inzunza of McEnearney Associates Inc. has successfully obtained another short sale approval for a distressed homeowner who wanted to avoid foreclosure.  Here are the details:

• This was an Arlington VA preforeclosure, or short sale
• Hardship: reduction in income
• Time for approval: approximately three months
• Missed payment: yes

The best possible outcome for this homeowner is that the bank did not ask for a cash contribution at closing, nor did they ask the borrower to sign a promissory note.  As an Arlington VA short sale listing agent, the approval letter dispells one of the myths regarding short sales.  Many homeowners are afraid to ask for help and do a short sale because they are fearful that they will have high costs to be approved.  In this case, the bank paid the closing costs to the buyer, the full real estate commission, did not counter the contract sales price, and is accepting the payoff in full.

If you are an Arlington VA homeowner and you are facing a financial hardship, please contact me to discuss your options to avoid foreclosure.  As a short sale specialist, I can help you determine what’s your best course of action.

Olde Mill Condo at Fort Belvoir

Alexandria VA Short Sales – Olde Mill Condos at Fort Belvoir

Alexandria Va Short Sales – 8608 Shadwell Drive, #47, Alexandria VA 22309. Great opportunity for a first-time buyer or investor to own this 2BR/2BA top floor condo just a stone’s throw to Fort Belvior. Private views from the rear balcony, wood-burning fireplace, master bedroom with private full bath and walk-in closet, washer/dryer, and assigned parking space.  There’s also plenty of visitor parking spaces.

Great location for military, around the corner from Fort Belvoir, and close to GW Parkway. There are plenty of shops, restaurants, and dining nearby along the Route 1 Corridor, or 15 minutes to Kingstowne via Fairfax County Parkway.

This home is a short sale and requires third party approval.

VA Compromise Sale Program Offers Cash To Distressed Military Homeowners 
$1500 Paid At Closing

Alexandria VA Short Sales – The Alexandria VA real estate market has made it tough for some military homeowners who are upside down on their mortgage to sell their home. The Department of Veteran Affairs has recently authorized a cash incentive of $1500 to homeowners who successfully complete a VA Compromise Sale. 

What is a VA Compromise Sale?  A VA Compromise sale is when the sale of your home is not enough to cover your VA mortgage balance.  As the borrower, you can request a claim from the VA to pay the short amount that will cover what is owed on the mortgage.  The mortgage lienholder is paid in full and the property is sold to the new purchaser with the lien fully released.

The $1500 incentive is shown on the HUD-1 settlement statement at closing, so the credit to the seller is not paid prior to the sale.  Much like the federal government’s HAFA short sale program where distressed homeowners can receive up to $3000, the VA Compromise Sale has guidelines:

• The property must be sold for fair market value.
• The closing costs must be reasonable and customary.
• The compromise sale must be less costly for the Government than foreclosure.
• There must be a financial hardship on the part of the seller.
• On loans that originated on or before December 31, 1989, the seller must be willing to sign a
  promissory note.
• There must be no second liens or other liens (unless the amount is insignificant). In
  situations whereby there are second liens or other liens, the seller can request that the
  lienholder consider releasing the lien and converting the loan to a personal loan.
• The seller must first obtain a sales contract in order to be considered for the program.
• To protect the seller’s interest, the seller should make the sales contract contingent and/or
  subject to the approval of a VA compromise sale.
• Once it is determined that a homeowner may qualify for VA compromise sale, the realtor or the
  homeowner should contact the homeowner’s lender and/or the VA.

Commonly asked questions from military homeowners considering a VA Compromise Sale:

1. How do I find out the market value of my home? Part of our service including providing a comparative market analysis, which is a report of the sales activity in your neighborhood.  This will show what homes have sold for, and how long they stayed on the market.  With a VA Compromise Sale, a VA appraisal is ordered by the mortgage lender.  The VA will likely not approve a sale that is less than the VA appraised value.
2. What if I do have a second lien?  Approval of a second lien will be on a case-by-case basis by the VA.  If there are large additional liens on the property, we will help you negotiate an arrangement with the lienholder so that the property can still be sold.  This may include negotiating a short payoff, or a promissory note.
3. What if I owe past due condo fees or HOA fees?  Contact the HOA or condo association immediately to find out the total amount due, and start making arrangements to bring your account current. The VA will likely not pay any money towards delinquent condo or HOA fees.  Associations have the authority to place a lien on your property and may also start the foreclosure process.
4. If I sell my home with a VA Compromise Sale, can I use my VA loan again?  Yes, but only after you have paid back your entitlement.

 If you are a military homeowner and have received your PCS orders to leave the Pentagon, Fort Belvoir, or Quantico, please call me at 703-623-8759 to see if you are eligible for the benefits that may help you if you need to sell your home.

Alexandria VA Short Sales – Listing Agent Earnes LDPD To Specialize In Luxury Home Sales

Alexandria VA Listing Agent Graduates From Harris Real Estate University Specializing In Short Sales

Tamara Inzunza, a veteran Realtor with McEnearney Associates, Inc. in Alexandria, VA has earned the prestigious Harris Real Estate University Accredited Short Sale Designation (ASD), having completed extensive training in negotiating and closing Short Sales. This expertise is invaluable at a time when the nation’s housing market is devastated by millions of distressed home owners thrust into the foreclosure process.

The Short Sale of a property allows the distressed owner, through their Realtor, to find a buyer willing to purchase their home before they are forced into the foreclosure process. The owner can then use proceeds to repay their lender, even if the amount is less than what they actually owe on the property. In the current economy, nearly all lenders are willing to consider Short Sales because they are less costly and time-consuming than foreclosures.

“The Harris Real Estate University ASD designation has been invaluable as I work with sellers and lenders on complicated Short Sales.  The best action against foreclosure is Short Sale, if a loan modification is no longer an option,” said Inzunza, “It is so rewarding to be able to help families save their homes from foreclosure.”

Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors like Tamara Inzunza with the HREU ASD designation have valuable training in Short Sales and can offer homeowners a better alternative to foreclosure, which inevitably destroys their credit rating and prevents them from having the ability to purchase a new home for seven years. Through our in-depth training and continuous education programs, these agents are trained to aggressively seek sellers and buyers using our extensive marketing techniques.”  Inzunza also received training and earned the Certified HAFA Speciliast and Luxury Distressed Property Designation.  “McEnearney Associates is a recognized leader in luxury home sales in Alexandria VA and throughout Northern Virginia and DC.  I wanted to bring this value to my company so that my colleagues can continue to maintain the relationships they have with their existing clients, and have a company specialist who can provide confidential service to luxury homeowners in distress.”

The Harris Real Estate University opened in 1998, and provides Distressed Property Agent training through webinars, teleseminars and teleconferencing. Agents can earn their Short Sale Listing designation remotely from their offices all across the nation. The HREU ASD is the premier designation for Realtors who want to specialize in helping distressed home owners.

“Our goal is to prepare agents enrolled in the program for the increasingly competitive Short Sale market. It’s becoming more difficult for uncertified agents to out-sell and out-perform our graduates. Our comprehensive Short Sale Certification gives them everything they need to gain an edge over other agents in their service areas and to provide the assistance that distressed homeowners need,” Harris said.

If you feel you are in need of more information about foreclosure alternatives, or if you are under water on your mortgage payments, call Tamara Inzunza for more information 703-623-8759.

Specializing in the sale of residential homes in the Alexandria, VA and Washington DC area, Tamara Inzunza lists and sells homes in Alexandria City, Fairfax County, and Prince William County. Contact Tamara Inzunza at 703-623-8759 for more information, or visit www.MyPrivateShortSale.com

Alexandria VA Short Sales | Under Contract In EOS 21 Wells Fargo Short Sale

One less Alexandria VA condo for sale in this current buyers market!  This Wells Fargo short sale is now under contract.  If you’re looking to purchase Alexandria VA real estate, then add short sale homes to your list.  Not all distressed properties show signs of distress.  This 1BR condo was well maintained, had numerous upgrades, and the location close to I-395 and community shuttle to Van Dorn metro made it very attractive to today’s buyers.

When looking at short sales in Alexandria VA, be sure to ask the listing agent what banks are involved, and how many loans there are.  As if you needed just one more thing to add to your due diligence list, but knowing what bank has to approve the short sale could be the deciding factor for some buyers.  I’ve had great success listing and obtaining approvals for Wells Fargo short sales, as they usually provide a decision within 30 business days upon receipt of all of the required documents for the short sale file.

If you are interested in finding a home for sale in Alexandria VA, and would like to find out more information about purchasing a short sale, please call me at 703-623-8759 or visit my website.

Bank of America Short Sale in Woodbridge VA | Move-In Ready Detached Home In Dale City
14758 Elmira Court, Woodbridge, VA 22193

Beautiful single-family home in Woodbridge, VA offers three bedrooms, two full baths, and spacious family room addition.  This short sale home is bright, open, and sparkling clean, just right for the new buyer.

Kitchen with cherry cabinets and stainless steel appliances.  The master bedroom has a master bathroom addition with double vanity sink and separate shower.

Enjoy the private fenced in back yard, and rear deck.  This home has been well maintained and is located on a cul-de-sac.

Subdivision: Dale City (Woodbridge, VA 22193)

Price: $195,000

Banks Involved: Bank of America

Contact Info: Listed by Tamara Inzunza, CDPE, CDRS, SFR, specializing in short sales 703-623-8759

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.