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

5467 Lick River Lane, Gainesville $650,000

Great colonial on 3/4 acre lot, 3 finished levels, open floor plan. over sized rooms. large lot with a sports court complete with light.

5 Beds
5 Baths
VAPW471900 MLS

17606 Summer Duck Drive, Dumfries $599,000

Beautiful home with all of the upgrades you could want! This home is well cared for, and is ready for its next owner. Great location, beautiful lot.

4 Beds
5 Baths
VAPW467732 MLS

7549 Rio Grande Way, Gainesville $545,000 ▲

Short sale Bank Approved.Home located at premier location of Hopeswells Landing in Gainesville. Minutes from schools , major routes( R29, I-66), shops & restaurants 4 BR,...

4 Beds
5 Baths
VAPW436256 MLS

2538 Transom Place, Woodbridge $489,990

READY IMMEDIATELY (OVER 3200 SQ. FEET ON MAIN & UPPER LEVEL)***OPEN FLOOR PLAN WITH HUGE EAT-IN KITCHEN, OFFICE WITH FRENCH DOORS****SUPER MASTER SUITE WITH TWO CLOSETS (...

4 Beds
3 Baths
VAPW469524 MLS

12056 Vantage Point Court, Bristow image

12056 Vantage Point Court, Bristow $480,000 ▼

**Elegant Brick Front Colonial with lots of elbow room** ** New Roof** **Fresh Paint** **Gleaming wood floors greet your and a stoned wall gas FP welcomes you home** Gour...