<font color=red>Foreclosures and Short Sales</font>
Foreclosures and Short Sales
Updated Manassas---------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Manassas Park----------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Bristow------------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Gainesville--------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Haymarket--------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Woodbridge / Dale City-> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Fairfax------------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Arlington----------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Ashburn-----------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Sterling------------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Leesburg----------------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Updated Washington DC----------> Foreclosure List <-- --> Short Sale/PreForeclosure List <--
Search More Foreclosures and all other homes for sale Here!
Foreclosures occur when a homeowner fails to pay the mortgage by the agreed terms. They are an unfortunate but necessary part of real estate. Without foreclosures, banks would be unwilling to take the risk of lending money. Buyers would need hundreds of thousands of dollars saved in order to buy.
Foreclosures, however, don't have to occur. There are options for people facing foreclosure and those willing to work with the bank will benefit. I am experienced in both selling foreclosures and helping home owners negotiate with their banks. Please call anytime to discuss foreclosure options.
Call ASAP 703-501-3626 or e-mail at Jim@MyVaHome.com
For the BUYER:
There are many types of foreclosure and I have experience selling most of them. Foreclosures present a unique opportunity to possibly save money on the purchase of a home. They can be complicated and rules are changing by the day. Please call anytime to discuss the incredible opportunity.
Short Sale / Pre-Foreclosure: Homes that are being offered for sale for less than what is owed to the bank. The owner will be "Sort" on funds to repay the loan at closing. These types of purchases take patience. The bank must review the buyers offer and analyze the current market. If they decide to take less for the home than what the current owner owe, they will accept the contract. Note* The current owner may still be liable for the difference and may have to pay off the deficiency. The purchaser will receive clear title to the home at the contract price. [Owner is the Seller]
Bank Foreclosure: [REO Property] Homes that are repossessed by the bank and are offered for sale, usually through a Realtor. Typically, the homeowner is no longer in the property and the bank may have made some repairs to help sell the property. Many are offered through the Realtors MLS and are represented by a broker. [Bank is the Seller]
HUD Foreclosure: Homes that had FHA financing and we foreclosed. HUD pays off the bank and resells the property. [Government is the Seller]
Trustee Sale: Homes that are auctioned at the courthouse steps by the trustee appointed by the bank. These are typically the most risky purchases. You cannot access the property prior to the auction. You will be buying without seeing the inside of the property. You will bid against other bidders to win the property. If you win you will give the trustee a cash deposit, typically 10% of purchase price. You must close within 15 days. The former homeowner may still be living in the property, in which case, you will have to evict them. If there are tax leans on the property you may be responsible to pay them off. Although, there is a lot of risk, there can be many rewards. I would be happy to discuss this option with you.
[Banks lawyers are the Seller]
E-mail me today for a list of foreclosed property Jim@MyVaHome.com
For the HOMEOWNER:
Short Sales / Pre-Foreclosure
I maybe able to help you STOP foreclosure and save your credit. I have experience helping people negotiate with their bank. You maybe able to sell your home for LESS than what you owe. Note* you may still owe the bank the difference and have to pay back the deficiency. Each case is different, please call to discuss your situation.
You may also be able to renegotiate the terms of your loan and keep your home. The rules are changing daily and I would be happy to discuss them with you.
I would be happy to discuss your options confidentially over the phone. Please call ASAP to save your home. 703-501-3626
