Another Virginia Short Sale Approved!

Excited for my client! She had owned this property for many years as a rental and the value had just not come back. Every month she bleed money on this rental and it caused her extreme hardship. We were able to get a full deficiency release ( which means they won’t come after her for the 100K difference between the loan amount and the sales new sales price)!

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VA, MD & DC Short Sale Advice

Welcome to our Blog!  The mission of this blog is to provide you resources and tools to help you understand all your options.  We are pre-foreclosure experts that provide FREE Advice and consultation regarding your situation. 

What is a Short Sale?

A short sale occurs when the debt on the property is more than the property is worth.  Under the right circumstances banks will allow you to “sell it short” of what is owed but you need to be able to prove that you are experiencing a hardship.

How We Help.

We have a dedicated team of specialized real estate agents and negotiators that know how to navigate all the little details, strategies and complexities of doing a short sale all at no cost to you.  The banks pay all the commission and fee’s which means our interest are aligned and we only get paid by the banks if we successfully negotiate a short sale.



Short Sale Northern Virginia

You’d be surprised with the list of short sale northern Virginia has completed so far this year. If you’re interested in pursuing, you can get an amazing deal on the property of your dreams. And if you’re interested in selling it’s comforting to take a look at the successful short sales that’ve taken place lately. Check it out!


This two-bedroom, 1 1/2 bath, 1,100 square foot condo short sale northern Virginia sold for only $90,000. It’s was appraised at $105,550 so the new owners got a great deal! Amenities include an on-site swimming pool.


This three-bedroom, 3 bath ranch style home with 1,508 square feet of living area and 1.87 acres sold for $90,000 and was worth $163,000. It featured:

  • Kitchen/dining room combo
  • Den with brick setting for a stove
  • New windows
  • New doors


Lucky buyers got this short sale condo in northern Virginia with two-bedrooms, 2 baths and 936 square feet for only $90,000 when it was worth $113,400. Located on the 1st story in a quiet and peaceful neighborhood that is ideal for commuters, it features a large family room, kitchen with island bar, separate dining area, and a laundry room with washer and dryer.


This two-bedroom, 2 bath condo sold for $90,000 and is worth $90,700. Buyers will enjoy a traditional floor plan with outdoor entertainment space in a great location.


This split level offering 3 bedrooms and one bath sold for $90,000 and was appraised at $162,700. It has a basement with stairway access and a beautiful yard.


Buyers for this short sale got a lovely four-bedroom, 3 bath home in a wooded setting, offering 1,442 square feet of living space. Amenities include being located on a cul-de-sac street for minimal traffic. It sold for $90,000 and is worth $163,400.

In addition, it has:

  • Basement
  • Big porch
  • Galley style kitchen
  • Gated community
  • 24 hour security

Residents have access to golf, boating, tennis, fishing, beaches, and a community clubhouse.


This condo perfect for commuting to DC sold for $90,000 and is worth $90,189. Condo fees include it all, lawn care, Master insurance, parking, pool, security, sewer, snow removal, tennis courts, trash, water, workout room and sauna.


This three level, 3 bedroom, 1 1/2 bath townhome with hardwood floors, ceramic tile, newer siding, windows, sliding glass door, and undated deck came furnished and sold for $90,000.

As you can see, there are great deals to be had if you are interested in a short sale property. Take a chance and see if you can find the home of your dreams, or flip the property and make some money!

VA Loans And Short Sales

For many years, VA loans have been used by numerous military personnel past and present to obtain home ownership. Considered to be one of the U.S. government’s most successful ventures, the VA loan program has allowed many people to obtain homes for pennies on the dollars via short sale. In today’s real estate market, VA loans and short sales go hand-in-hand, although the procedure can offer both advantages and disadvantages.

Why Use a VA Loan?
In addition to allowing military personnel the opportunity to experience home ownership, a VA loan has a number of other advantages. When purchasing a short sale home, those advantages can include:

  • Zero cash down on some home purchases
  • Low interest rates
  • Up to six percent of closing costs paid by seller
  • No penalties for early or pre-payments
  • No monthly mortgage insurance premiums

In addition to these advantages, no further credit underwriting is needed by the VA when it comes to VA loans and short sales.

Hurry Up and Wait
While there are many advantages when it comes to VA loans and short sales, there are some disadvantages as well. Perhaps the biggest is the gap between the time an offer is made on the property and when the seller chooses to reply with an acceptance or counteroffer. In some cases, the potential buyer can wait 60 days or longer, during which time interest rates can possibly go up. In addition, the VA will not guarantee a property unless its living conditions are safe for occupancy and the sale price is justified.

Buyer Beware
Just like purchasing a used car or other big-ticket item, many homes purchased through VA loans and short sales carry a large amount of risk with them. Most homes that are close to going into foreclosure and wind up as short sales are sold “As Is” to the buyer, which can be both a blessing and a curse. While the price may be bargain-basement, the repairs needed to bring the house back to respectability may be substantial. In fact, some short sale homes are purchased sight unseen, which can be an extremely risky venture. To be safe when it comes to combining these loans and short sales, an inspection of the property should be done prior to any purchase being final.

The Perfect Combination
While there are always risks involved when purchasing real estate, those buyers who combine VA loans and short sales often have much success. The ability to purchase a home at a much lower price than market value, along with needing little if any money down makes the process well worth the time and effort it takes.

Virginia Tax Debt Relief

The amount of money that you owe to the IRS varies from year to year, and this can make it difficult for taxpayers to estimate and plan for their tax bill. While you may have taxes withheld from your paycheck regularly, other factors related to the deductions you qualify for, your tax rate, if you sold a home or other assets and more can all potentially result in a much higher than expected tax bill. If you are currently facing a huge IRS bill that you are unable to pay, Virginia tax debt relief may be available.

Virginia Tax Settlement
When you fail to pay your tax bill to the IRS, you may face penalties related to monetary fines, wage garnishments, levies and even imprisonment in some cases. Virginia tax debt relief is available to help you settle the debt and move on with your life. While there are different strategies that a debt relief company may recommend based on your unique situation, an offer in compromise is a top solution. With an offer in compromise, the IRS may agree to accept hundreds or even thousands of dollars less than you actually owe, and you may never have to pay the remaining balance to the IRS.

How an Offer in Compromise Works
Virginia tax debt relief can help you to re-establish solid footing with your finances, and an offer in compromise is a popular option that works well for many. However, there are requirements and strategies that are more effective for taxpayers to use, so those who are interested in this type of Virginia tax debt relief may seek professional tax debt services for the best results. With an offer in compromise, you must formally make a request to the IRS and must provide solid reasons why the IRS should accept the offer. Your tax debt company can assist you in preparing this request.

While the IRS could turn down the offer in compromise request, many will find that this type of Virginia tax debt relief is highly effective. The consequences associated with not paying your taxes to the IRS are serious and significant, and you should take time to explore debt relief options as soon as you realize that you are unable to pay the full amount owed. If you would like to explore debt relief options in greater detail, contact a tax debt service company for personalized information about your options.

Steps To Getting a Divorce in Virginia

While the decision to file for divorce may not have been an easy one to make, you may now be ready to move forward with this plan. Filing for divorce can seem overwhelming and confusing, but by understanding more about the steps to getting a divorce in Virginia, you may be able to more easily move forward with this process. After you have determined that you meet the residency requirements for filing for divorce, you can move forward with the other steps to getting a divorce in Virginia.

Make Decisions about the Divorce
In Virginia, you can file for a full or partial divorce. With a partial divorce, you will live separately, but you will not be permitted to marry other people. You must also determine the reason for filing for divorce, such as cruelty, abandonment or other reasons.

Calculate Child Support
There are additional steps to getting a divorce in Virginia if you have children. You will need to calculate how much child support should be paid to the parent who will have primary custody, and there are forms available through the state to facilitate this calculation. The couple may also attempt to agree on child custody on their own outside of the court.

Divide Your Assets and Debts
If a couple can agree on how to divide assets on their own then this may be a better overall solution than allowing the courts to do it. The couple can attempt to sell items that they no longer need or want. For example, it is common for a divorcing couple to sell the home and some of its contents. The money may be used to reduce or eliminate debts, and this often can simplify the task of dividing assets and debts.

File the Forms
The final steps associated with filing for divorce in Virginia relates to completing the required forms and filing them. The forms are generally filed through your local County Clerk’s office. The forms will also need to be officially served to your spouse. A hearing will be scheduled, and the divorce typically will be finalized after a final Divorce Decree is filed with the County Clerk’s office.

There are some instances when a partial divorce may be granted immediately, but most will need to follow these steps to getting a divorce in Virginia. You may work with a lawyer to complete the process or for legal representation.