Month: December 2014

Can I Do A Short Sale If I Don’t Know Who Owns My Loan?

Here at Virginia Short Sale Advice, we get a lot of questions and encounter situations that a borrower can’t make sense of. We recently had a potential seller tell us that they no longer wished to own their property, and had in fact walked away from the home almost 4 years ago. The lender never…



Senate Approves Short Sale Tax Break

Good News for Homeowners who had a Short Sale in 2014! From HousingWire.com: Homeowners who had short sales in 2014 are now one giant step closer to receiving tax relief on any money they received as the result of the sale of their home, after the Senate passed the Mortgage Debt Forgiveness Act by a…



South Riding Short Sale Approved

Another Short Sale Approval from Rob and his team! This Chantilly/South Riding short sale had a first mortgage with Ocwen and a second with Chase. The Chase Mortgage Lein was completely released and all deficiencies were waved! The bank even agreed to give a $3000 Relocation assistance credit to the homeowner. This short sale took…



Short Sale Hardships: What does the bank consider a hardship?

Short Sales happen when the homeowner owes more than the house is currently worth and can no longer afford to make payments. The homeowner wants to sell the home, but the amount the home could sell for won’t cover the principal balance of the mortgage. There may be plenty of situations where the homeowner owes…




Just Listed: Centreville Short Sale

Check out this new short sale listing from Rob and his team. 6917 Compton Valley Ct, Centreville, VA, 20121 This spacious end-unit townhome in South Centreville looks out onto pristine forrest views. The upper level’s 3 bedrooms include vaulted ceilings in the master and a deep soaking tub. The walkout basement has a fully legal…