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

9403 Rim Rock Court, Manassas $595,000

SHORT SALE**MUST GIVE MINIMUM 90 DAYS FOR SHORT SALE APPROVAL PROCESS**HOME SOLD AS-IS**OVERALL GOOD CONDITION BUT NEEDS SOME TLC**OPEN FLOOR PLAN**FINISHED BASEMENT AND ...

4 Beds
6 Baths
VAPW472868 MLS

6775 River Road, Manassas $585,000 ▼

Quality craftsmanship and features throughout this stunning Colonial! Welcomed by a private road on 1.22 secluded Acres, this home offers a rare mix of luxury and privacy...

5 Beds
5 Baths
VAPW463272 MLS

2424 Glouster Pointe Drive, Dumfries image

2424 Glouster Pointe Drive, Dumfries $520,000 ▼

$30,000 PRICE REDUCTION! * WE DESPERATELY NEED A CONTRACT! * Perfect 4 BR/2.5 bath home with large 2 car attached garage * Located in the Award Winning Resort Style commu...

4 Beds
3 Baths
VAPW476048 MLS

17992 Swans Creek Lane, Dumfries $510,000 ▼

Gorgeous, immaculate home sitting on nearly an acre in the sought after Swans Creek! Rare opportunity to own this gem with seasonal water views!

5 Beds
4 Baths
VAPW465548 MLS

12660 Landview Drive, Manassas $459,900 ▼

Elegant, private home surrounded by woods, creek, and natural beauty! Enjoy outdoor entertaining on the expansive deck with screened porch! Property is 2.27 acres at the ...