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

15723 Ryder Court, Haymarket $674,900 ▼

Idyllic suburban living! Enjoy the unique lifestyle only the ever sought-after Dominion Valley Country Club can offer. This Dalton model home sits tucked away at the end ...

5 Beds
4 Baths
VAPW480412 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

9403 Rim Rock Court, Manassas $562,000 ▼

SHORT SALE APPROVED AT NEW LIST PRICE**MUST GIVE MINIMUM 90 DAYS FOR SHORT SALE APPROVAL PROCESS**HOME SOLD AS-IS**OVERALL GOOD CONDITION BUT NEEDS SOME TLC**OPEN FLOOR P...

4 Beds
6 Baths
VAPW472868 MLS

15642 Altomare Trace Way, Woodbridge $560,000

A Short Sale purchase in ~as is condition~. Very spacious house with 5 Bedrooms, 4 full baths, 1.5 baths .A Colonial style home. Master Suite includes his and hers walk-i...

5 Beds
5 Baths
VAPW480506 MLS

15564 Wigeon Way, Woodbridge $550,000 ▲

Beautiful brick front home on premium 0.7 acre lot at end of cul-de-sac backing to trees! Spacious home offers 4,200+ finished square feet on three finished levels! Pop...