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

7913 Carrie Lane, Manassas $500,000

Approved Price! Welcome Home to your newly Renovated 5 + acres Farmette! Four Stall, Two Story Gambrel Style Barn w/ water and electricity* Flat area to complete a Ridin...

5 Beds
3 Baths
VAPW485296 MLS

9313 Baylor Park Court, Bristow $485,000

Beautiful single family home in Pembrooke subdivision. Features 9ft ceilings 2 story foyer, gourmet kitchen, wood floors, large owners suite, HVAC replaced in 2016. Don't...

4 Beds
3 Baths
VAPW484646 MLS

7637 Northington Court, Gainesville image

7637 Northington Court, Gainesville $475,000

Property may be an investor delight!! List Price reflects condition of the home and is not approved. Bring your imagination and make this your dream home. Home offers 5...

5 Beds
4 Baths
VAPW491372 MLS

5043 Softwood Lane, Woodbridge $390,000

Beautiful 3+ level townhouse offering 2,800+ square ft. of sun-filled space. Features include 4 bedrooms, 2.5 baths and 2-car garage. Main level with beautiful hardwood f...

4 Beds
3 Baths
VAPW489638 MLS

2180 Armitage Court, Woodbridge $379,900

Great price, great layout, great location! Nearly 2,500 fin sq ft on 3 levels, offering 4 BR 3.5 BA and 2 car garage! Gourmet kitchen with granite counters and island, ...