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. 

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 Involved: 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. 

Wells Fargo Short Sale Approval | How Long Will It Take

Wells Fargo has recently merged with Wachovia, and like Wachovia’s Short Sale Fast Track Program where approvals are generally granted within 30 days, Wells Fargo is doing its part to keep property values stable by reducing the time it takes for a short sale to be approved.  Once your application has been received, along with your purchase offer, your Wells Fargo short sale can be approved within 25 business days.

What are the benefits for a quick approval?

1. For borrowers facing a financial hardship, a quick approval means a more positive impact on your credit report.  If you are currently behind on your mortgage, a quick approval means no additional late payments.  If you are current on your mortgage and are qualified for a short sale, then you will likely have no late mortgage payments on your credit report.
2. Short sales help stabilize property values.  Unlike bank owned foreclosures, there is more incentive for the bank to minimize their losses by selling the property at market value, instead of below, preventing the neighborhood values from plummeting.
3. Your experienced Alexandria VA short sale listing agent is able to market the home, advertising to other buyer agents and the public that a quick approval is likely.  This helps to encourage buyers who would normally avoid short sales reconsider them.

If you are currently experiencing difficulty paying your Wells Fargo Home Mortgage, please call Wells Fargo directly to determine your home retention options.  Contact the Loss Mitigation Team directly at 1-866-903-1053.

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 2BR 2BA Condo For Sale In Surrey Condos
Short Sale Listed by Manchester Lakes Specialist

6923 Victoria Drive, Unit D

Alexandria VA listing agent and Short Sale Specialist Tamara Inzunza presents another opportunity in Manchester Lakes.  If you’re looking for an affordable 2br/2ba condo in Alexandria VA where you can enjoy beautiful community amenities in a mature setting, then take a look at 6923 Victoria Drive Unit D.  This ground level home features a wood-burning fireplace, hardwood floors, washer and dryer, a master bedroom with a walk-in closet, and full master bath.

Located just off Beulah Road in Alexandria VA in Manchester Lakes, this home is ideal for commuters as it is close to I-495 Beltway, I-95 HOV lanes, and Fairfax County Parkway.  It’s also close to the Franconia-Springfield metro, which is the end of the blue line.

Many Alexandria VA first-time buyers have 2Br/2Ba condos on their wish list, and with a price tag of less than $220,000, this home makes for a unique buying opportunity.  Investors looking for income property in Alexandria VA should consider these condos, as this floor plan, low condo fee, and convenient location can make for a good rental property.

This property is a short sale and requires lender approval.

Subdivision: Manchester Lakes (Alexandria VA 22310)

List Price: $219,900

Bank: Bank of America Short Sale 

Bank: Citi Mortgage Short Sale

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

Alexandria VA Short Sale Specialist | 703-623-8759 

See Also: Manchester Lakes Video Tour

See Also: Manchester Lakes Amenities Photo Tour

See Also: Manchester Lakes Real Estate and Market Update for June 2010

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!

Wachovia Short Sale Approval Letter And
Some Questions Explained

While working with many homeowners who are facing a financial hardship, I’ve found that these questions often come up:

1. How long will it take for the bank to approve the sale? That depends on the lender, and how many loans there are on your home.  If you currently have more than one loan, then that will add time to the short sale approval process.  All lenders will have to agree on how much they are willing to receive. Wachovia has one of the fastest turnaround times, and within the real estate industry, that good news in travelling fast.  Short approval times are good because it reduces the chance that the buyer will walk away from the transaction.
2. Will I have to pay back the short amount? Once your short sale is approved, your lender(s) will issue a Short Sale Approval Letter.  This is similar to the Mortgage Approval Letter that you received when you were buying your home.  The letter will say that you are approved, but it will be subject to certain conditions.  These conditions will be outlined, and your letter should stipulate if you will be required to pay any money.  This could mean bringing money to the table at closing, or signing a promissory note for some or all of the difference.
3. Will the bank release the lien on my house after a short sale? The short sale approval letter outlines the terms of the approval, and if all of these terms are met, the bank(s) should release the lien on your house.
4. Do I have to make any repairs? All short sales are sold in as-is condition.  This is usually a stipulation of the short sale approval. An experienced short sale listing agent will make this known by indicating it in the Multiple Listing Service (MLS) so that buyer agents are aware, and it should also be one of the terms in your sales contract.
5. What if I can’t afford to keep the utilities on? You’ll increase your chances of getting your home sold quicker if you can maintain the home to your best ability.  This includes keeping the utilities on through closing.  In some instances, it may not be financially feasible to keep the utilities on, and in the event that happens, please let your short sale listing agent know ahead of time, as it may be possible to address that in your sales contract.
6. How long will it take before I can close on the short sale? The short sale approval letter will specify the date by which closing must take place, typically it is within 30 days of the date the letter is issued.

If you are wondering what your short sale approval letter may look like, I’ve embedded an example of one below that I recently received for my sellers.  This will give you an idea of what you can expect when you sell your Alexandria Virginia Short Sale.

Wachovia Short Sale Approval Letter

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. 

Manchester Lakes In Alexandria VA 22310 Real Estate Update For June 2010
Townhome Sellers Should Enter The Market Now

The condos of Manchester Lakes were holding steady in the month of June.  No more units under $100,000, but clearly, the units in the $200k price range had the greatest amount of volume in terms of active listings last month.  They are being absorbed.  With six units going under contract, there’s still hope for the homeowners in this price range.  However, the lone Manchester Lakes condo unit in the $300,000’s will have to appeal to buyers, who have more affordable units and fee simple townhomes to choose from.

The Manchester Lakes townhome activity was quiet last month.  Now is the perfect time for townhome owners in Manchester Lakes to consider putting their home on the market.  The competition is manageable, and with below 5% interest rates, the right marketing from a great Manchester Lakes listing agent could sway potential condo buyers into a fee simple townhouse.