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

5908 Crooked Creek Drive, Manassas image

5908 Crooked Creek Drive, Manassas $549,900 ▼

Gorgeous brick single family home, located at the end of a private driveway enjoy tree lined privacy. Large welcoming foyer and open floor plan. Main level features off...

4 Beds
4 Baths
VAPW250310 MLS

8845 Screech Owl Court, Gainesville image

8845 Screech Owl Court, Gainesville $500,000

4BR, 3.5Ba home/ over 3000 Sq ft of finish space! subject to 3rd Party Approval-Sold as is!

4 Beds
4 Baths
VAPW432356 MLS

16824 Adrift Court, Woodbridge $495,000 ▲

$495,000 is bank approved!! Gorgeous, well kept home in Port Potomac for the short sale price! Property is in great condition and is priced accordingly. Laundry on the up...

3 Beds
4 Baths
VAPW321256 MLS

8720 Libeau Drive, Manassas $490,000

BETTER THAN NEW! This home, built in 2013 by Richmond American Homes, is only missing one thing... a new owner! The neighborhood is withinwalking distance of the Hastings...

4 Beds
4 Baths
VAPW322302 MLS

12553 Mcintire Drive, Woodbridge $430,000 ▲

3-level Lynwood 5/3.5 colonial with 2-car sideload garage on 0.6 acre cul-de-sac lot directly across from pool park. AS IS short sale with 3rd party approval required. S...

5 Beds
4 Baths
VAPW321030 MLS

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