Another Citi Mortgage Approved Short Sale in Lorton VA
5842 Mallow Trail in Gunston Manor
Lorton VA Short Sales - Short sale listing agent Tamara Inzunza with RE/MAX Executives is helping another homeowner in Lorton avoid foreclosure with a short sale. Even in a sellers market, there are some homeowners who may still need help with a short sale.
This beautiful home at 5842 Mallow Trail is under contract, and the short sale has been approved by the bank. The buyers will be living in a single-family detached home in Fairfax County for under $500,000! That alone is a rare find. Gunston Manor is a waterfront community in Mason Neck. Nestled along the Potomac River, the homes are walking distance to the river, and there is a private beach.
In March 2017, the average sales price of a home in Lorton was $502, 547. This home was approved to be sold as a short sale with a list price of $475,000, so the buyers are faring pretty well. Sometimes you have to go against the crowd and look where most buyers aren't looking. That's when short sale homes can be a valuable find.
The homeowners now have written permission to sale their home for less than what is owed on their mortgage balance. Unlike with a foreclosure, where you run the risk of the bank pursuing you for the deficiency (or the difference in the amount owed and the sale price), a short sale approval letter is an agreement with the bank to allow you to sell your home.
If you are currenlty facing a financial hardship and are curious about what your home is worth in today's maret, give me a call at 703-623-8759. I have been listing and selling short sales since 2009, and while most agents shy away from short sales, I'm happy to answer your questions and help you determine if this is the right solution for you.
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