What is Short Sale?

Short Sales are properties in which the owner may be current on the mortgage payments but because of market conditions the net sales price of the property will not be sufficient to pay off the entire loan obligation. In this scenario a 3rd Party (usually the Lender (s)) must be asked to give final approval to the sale. Negotiation of short sales can often take several weeks.

SHORT SALE BY AREA:

VA Short Sale Questions:

Can the bank kick me out of my house if I stop paying my mortgage? Can they change the locks?

My bank just called me and stated they have no request or file for me; what is going on?

LATEST SHORT SALES IN PRINCE WILLIAM

5070 Burnside Farm Place, Haymarket image

5070 Burnside Farm Place, Haymarket $635,000 ▼

New amazing price on almost 5500 square feet of finished luxury! Beautiful wooded end of cul-de-sac lot in Haymarket's popular Gates Mill! Home features gourmet kitchen...

4 Beds
5 Baths
VAPW484288 MLS

15642 Altomare Trace Way, Woodbridge image

15642 Altomare Trace Way, Woodbridge $560,000

Pre-approved for 560K from Bank. A Short Sale purchase in ~as is condition~. Very spacious house with 5 Bedrooms, 4.5 baths .A Colonial style home. Master Suite includes ...

5 Beds
5 Baths
VAPW480506 MLS

2456 Port Potomac Avenue, Woodbridge image

2456 Port Potomac Avenue, Woodbridge $544,900 ▼

Port potomac 4 bed 3 full baths on top level, half bathroom on main level, and 2 NTC room with full bath in the basement. 2 car garage. SHORT SALE Third party approval. P...