Alexandria VA homeowners carrying a mortgage by Wells Fargo, Bank of America, Citigroup, or J.P. Morgan Chase can breathe a sigh of relief, at least for a while.  These lenders made the announcment that they will issue a moratorium on foreclosures until the federal government has worked out a plan to stabilize the nation's banking industry.  Click the link below for the full details:

http://www.bizjournals.com/stlouis/stories/2009/02/09/daily101.html

This is further proof that banks are actively seeking ways to help homeowners prevent foreclosure.  A short sale is an alternative for Alexandria VA homeowners to protect their credit.  There are acceptable hardships where banks will grant short sale approval.  Do you qualify for an Alexandria VA short sale? We'll listen, and help you explore all of your options.