Real Estate Short Sales in Prince William County Virginia and Fairfax County Virginia

          Home owners might have an option when mortgage payments become difficult or they are facing foreclosure.  It is known as a Short Sale. It is called a short sale because the money owed on the house is less than or “short” of what is offered and paid to the bank or mortgage holder at settlement.

         Short Sales in Prince William County Virginia and in Fairfax County have been on the rise recently along with the number of foreclosures. It in many ways is a pre-foreclosure sale.

         In real estate the bank must agree to accept the Short Sale for settlement to take place. The lender or mortgage holder can accept or decline the offer presented to them. Listing a house and negotiating a short sale with the mortgage holder may actually be an option to consider. Yes there are many Short Sales that do receive approval.

         All situations and circumstances are different. If you would like to get more information about the Short Sale Process or if you think this might be an option you would like to consider please call Kathleen direct at 703-850-9663. We will provide you with a free and confidential consultation in addition to providing you with other possible options that are available to you or someone you know who might be facing foreclosure.