This Bristow, VA short sale went to settlement today, October 15, 2009.  Here's the story of how we got there. 

On June 11, 2009 this Bristow, VA short sale hit the market, priced at $353,000.  It had an offer on June 14th that was ratified on June 22nd.  As the home had only one loan with Wells Fargo, we expected a thirty business day turnaround.  We were surprised when the Mortgage Insurance company backing the loan took longer.  With the vast amount of short sales in process with Wells Fargo and it's various investors, time frames for reviewing contracts are being extended.

The sellers were asked to make a contribution to the sale.  The amount proposed by the Mortgage Insurance Company was negotiated down by one third.  Once that negotiation was behind us, the approval letter came through on September 16th.

This morning, the buyer signed off on the closing documents and happily took the keys to her Bristow, VA single family home.  The buyer got a great deal at $345,000 and received $5,000 in closing cost assistance.  The sellers were able to avoid foreclosure and get through the short sale process, from start to finish, in about four months time. 

If you, or someone you know, is facing foreclosure, or needs to sell their home for less than they owe, give me a call.  Having successfully closed short sale after short sale since 2007, I have the skills to get the job done.  Why waste your precious time with anyone else?

Chris Ann Cleland, Long & Foster, Realtor, Licensed in VA

703-402-0037, chrisann@LNF.com

 

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

 
This post has been included in Virginia Real Estate News Prince William County, VA Real Estate News Bristow, VA Real Estate News Foxborough (Bristow, VA) Real Estate News
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13 Comments on Bristow, VA Short Sale: Approved & Sold!

OCT
15
2009
576,052 Points 15 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Chris Ann - congrats!  Great job cutting through to the heart of it!
11:43am • #1
1 Featured Post Outside Blog

Congratulations Chris Ann! That is great and encouraging news for all of us.
12:22pm • #2
1,518,993 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Courtney:  These sales are not as difficult as some may think.  There are success stories.

Cara:  We all need to get the good news out there when it happens.
12:56pm • #3
Outside Blog

Chris Ann - Congratulations to the Short Sale Queen! Btw, do you do short sales for other agents listings?  I am seeing other agents, title companies, and lawyers, advertise their services to do your short sales of course for a fee.
5:34pm • #4
1,912,613 Points 385 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Good for you, Chris Ann.  And I must say that you are one patient woman!
6:16pm • #5
985,148 Points 106 Featured Posts Localism Sponsor Outside Blog

Every time I see VA in your blog I think VA loan. But I love reading about your short sale success stories!!

sacramento short sale agent
7:20pm • #6
128,224 Points 2 Featured Posts Called Shot Master

Great news, Chris. That is such a good story to hear. Congratulations on your success.
7:23pm • #7
1,526,060 Points 163 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Congratulations on another great closing. 
8:15pm • #8
467,712 Points 40 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Chris Ann, nice work and a great idea to post some "SOLD" homes. I need to do this myself sour our potential clients see we actually sll home s and NOT just market them!
10:15pm • #9
OCT
16
2009
1,518,993 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Sharon:  I will gladly accept a short sale listing with a referral fee to the agent who sent it, but since I would do all the work, I would have a hard time taking a small fee.

Pat:  I am patient....at least when there is a paycheck involved.

Elizabeth:  Still haven't encounted a VA loan short sale. 

 
8:53am • #10
1,518,993 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Linda:  These short sales are more likely to close now than they were a year ago.  Just need to get those time expectations out there.

Cindy:  It's the post closing stuff on short sales that gives me heartburn.  My negotiator on this one emailed me today with different instructions on where to and how to send the proceeds.  A little too last since the check was already sent by the settlement company using the original instructions.

Russell:  Start showing us your solds.  It's not any different than mailing out just sold postcards.
9:08am • #11
328,572 Points 2 Featured Posts Localism Sponsor Outside Blog

Great to hear your getting these short sales closed and your buyers into new homes.
11:50am • #12
1,518,993 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Michael:  It's been a great year and am I thankful my skills can help save families from foreclosure.
12:07pm • #13


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Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

More about me…

Long & Foster REALTORS®, Gainesville, VA

Address: 7526 Limestone Drive, Gainesville, VA, 20155

Office Phone: (703) 402-0037

Cell Phone: (703) 402-0037

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