Potomac Yard | Del Ray | Old Town Alexandria Real Estate News

Oct. 9, 2010

Auburn Village Condominiums - Home Just Sold At 20 Auburn Court

Auburn Village Condominiums - Home Just Sold At 20 Auburn Court

Another updated and move-in ready Alexandria VA condo just sold!  Alexandria VA buyer agent Tamara Inzunza has recently sold 20 Auburn Court, Unit B in Auburn Village.

The Auburn Village condominium community is conveniently located at the corner of Glebe Road and Commonwealth Avenue in the popular area of Del Ray.  Individual units come in one- and two-bedroom floor plans, ranging from 600 to 970 square feet.  Residents enjoy the benefits of secure building entry, on-site and street parking, and the lower level units have an additional rear entry from the kitchen.

Washington DC and north-bound commuters find Auburn Village to be a sweet spot because of its convenient location.  Homeowners and residents can take advantage of the nearby Braddock Road metro with direct access to Reagan National Airport, Metrobus, and DASH bus pickup along Glebe Road, and by car, it's a 10-minute drive into the District.

The condos at Auburn Village offer low condo fees, individually metered units, and community laundry areas.  It's also walking or biking distance to the shops on 'The Ave' also known as Mount Vernon Avenue.

If you're in the market for an affordable Alexandria VA condo, please put Auburn Village on your hot list.  Use the tools here on my blog to search all Auburn Village condos for sale.

See Also: Auburn Village Photo Tour

See Also: Del Ray Video Tour

See Also: Auburn Village Condos For Sale

Good Time To Buy Banner

Posted in Buyers, Condos
Sept. 23, 2010

Alexandria VA Listing Agent Graduates From Harris Real Estate University Specializing In Short Sales

Alexandria VA Listing Agent Graduates From Harris Real Estate University Specializing In Short Sales

Tamara Inzunza, a veteran Realtor with McEnearney Associates, Inc. in Alexandria, VA has earned the prestigious Harris Real Estate University Accredited Short Sale Designation (ASD), having completed extensive training in negotiating and closing Short Sales. This expertise is invaluable at a time when the nation’s housing market is devastated by millions of distressed home owners thrust into the foreclosure process.

The Short Sale of a property allows the distressed owner, through their Realtor, to find a buyer willing to purchase their home before they are forced into the foreclosure process. The owner can then use proceeds to repay their lender, even if the amount is less than what they actually owe on the property. In the current economy, nearly all lenders are willing to consider Short Sales because they are less costly and time-consuming than foreclosures.

“The Harris Real Estate University ASD designation has been invaluable as I work with sellers and lenders on complicated Short Sales.  The best action against foreclosure is Short Sale, if a loan modification is no longer an option,” said Inzunza, “It is so rewarding to be able to help families save their homes from foreclosure.”

Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors like Tamara Inzunza with the HREU ASD designation have valuable training in Short Sales and can offer homeowners a better alternative to foreclosure, which inevitably destroys their credit rating and prevents them from having the ability to purchase a new home for seven years. Through our in-depth training and continuous education programs, these agents are trained to aggressively seek sellers and buyers using our extensive marketing techniques.”  Inzunza also received training and earned the Certified HAFA Speciliast and Luxury Distressed Property Designation.  "McEnearney Associates is a recognized leader in luxury home sales in Alexandria VA and throughout Northern Virginia and DC.  I wanted to bring this value to my company so that my colleagues can continue to maintain the relationships they have with their existing clients, and have a company specialist who can provide confidential service to luxury homeowners in distress."

The Harris Real Estate University opened in 1998, and provides Distressed Property Agent training through webinars, teleseminars and teleconferencing. Agents can earn their Short Sale Listing designation remotely from their offices all across the nation. The HREU ASD is the premier designation for Realtors who want to specialize in helping distressed home owners.

“Our goal is to prepare agents enrolled in the program for the increasingly competitive Short Sale market. It’s becoming more difficult for uncertified agents to out-sell and out-perform our graduates. Our comprehensive Short Sale Certification gives them everything they need to gain an edge over other agents in their service areas and to provide the assistance that distressed homeowners need,” Harris said.

If you feel you are in need of more information about foreclosure alternatives, or if you are under water on your mortgage payments, call Tamara Inzunza for more information 703-623-8759.

Specializing in the sale of residential homes in the Alexandria, VA and Washington DC area, Tamara Inzunza lists and sells homes in Alexandria City, Fairfax County, and Prince William County. Contact Tamara Inzunza at 703-623-8759 for more information, or visit www.MyPrivateShortSale.com

Posted in News, Short Sales
Sept. 22, 2010

Alexandria VA Short Sale Approved With Two Loans

Alexandria VA Short Sale Approved With Two Loans

Foyer of 1030 Anderson Street

Proof that not all distressed properties show signs of stress.  My short sale listing at 1030 Anderson Street in Lincolnia Hills (Alexandria VA) was approved for a short sale.  Two banks involved, Citi Mortgage and Bank of America.

What exactly does short sale approval mean?  That means that the banks involved have provided written approval to accept less than what is owed on the outstanding mortgage balance.  To see an example of a short sale approval letter, click here.

What happens after the short sale approval letter has been issued by the bank? Obtaining short sale approval is a pivotal step in the transaction.  It does not necessarily mean that you go immediately to closing.  Rather, the owner/seller has to agree to the terms of the approval.  There may be conditions of the short sale approval that the seller finds unacceptable.  For example, if the short sale approval letter does not have language specifiying that they will not pursue a deficiency judgment.  Another issue could be if the lender is asking the seller to sign a promissory note.  Our contracts are written so that the short sale contingency is removed after the seller has agreed to the terms, and delivered the written approval to the buyer.

What happens if the short sale approval letter does not agree with the contract terms that have been already been signed by the buyer and seller?  Negotiations open back up, and it is up to the buyer and seller to modify the terms of the contract to now match the terms of the short sale approval letter.  For example, if the bank will not allow purchaser closing costs, then the buyer and seller will have to sign an addendum stating this.

The short sale approval letter is also a critical document that is required to close.  The settlement attorney will require this written statement as proof that the lienholder has agreed to release the lien on the property.  The purchaser's lender will require it before they will begin processing the loan.

Alexandria VA Short Sale Specialist | 703-623-8759 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northern Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                           

Posted in Short Sales
Sept. 21, 2010

Lorton VA Home For Sale In Laurel Crest | 9058 Tanyard Lane Lorton VA

Lorton VA Home For Sale In Laurel Crest | 9058 Tanyard Lane Lorton VA

Don't miss the 24-hour virtual open house with more photos and floor plan.

Posted in Buyers
Sept. 20, 2010

Manchester Lakes Market Report for August 2010 | Condo Inventory Increases

Manchester Lakes Market Report for August 2010 | Condo Inventory Increases

Manchester Lakes condo inventory is on the rise.  Currently, there are 22 active condos for sale.  In the past 30 days, only one condo has gone under contract.  With over 20 homes to choose from, one has to wonder how the sought-after buyer made the winning choice.

In the townhome market of Manchester Lakes, four homes are currently available.  Evenly distributed with two homes in the $200,000's and two homes in the $300,000.

The spike in condo inventory could be cause for concern.   If these units continue to stay on the market, and eventually go unsold, we could see an increase in the distressed property market.  With current interest rates below 5%, it could be that active buyers are comparing Manchester Lakes to newer communities, or communities closer in.  I'm still biased, though.  As a former Manchester Lakes homeowner, I always brag about the benefits of the community, including the amenities and proximity to shopping and metro.

Selling Your Manchester Lakes Home: Find Out What Your Home Is Worth

Buying In Manchester Lakes: See Manchester Lakes Homes For Sale

   Manchester Lakes Photo Tour   Manchester Lakes Video Tour

Aug. 23, 2010

Alexandria VA Short Sales | Under Contract In EOS 21 Wells Fargo Short Sale

Alexandria VA Short Sales | Under Contract In EOS 21 Wells Fargo Short Sale

One less Alexandria VA condo for sale in this current buyers market!  This Wells Fargo short sale is now under contract.  If you're looking to purchase Alexandria VA real estate, then add short sale homes to your list.  Not all distressed properties show signs of distress.  This 1BR condo was well maintained, had numerous upgrades, and the location close to I-395 and community shuttle to Van Dorn metro made it very attractive to today's buyers.

When looking at short sales in Alexandria VA, be sure to ask the listing agent what banks are involved, and how many loans there are.  As if you needed just one more thing to add to your due diligence list, but knowing what bank has to approve the short sale could be the deciding factor for some buyers.  I've had great success listing and obtaining approvals for Wells Fargo short sales, as they usually provide a decision within 30 business days upon receipt of all of the required documents for the short sale file.

If you are interested in finding a home for sale in Alexandria VA, and would like to find out more information about purchasing a short sale, please call me at 703-623-8759 or visit my website.

                         

Posted in Buyers, Sellers, Short Sales
Aug. 21, 2010

Bank of America Short Sale in Woodbridge VA | Move-In Ready Detached Home In Dale City

Bank of America Short Sale in Woodbridge VA | Move-In Ready Detached Home In Dale City
14758 Elmira Court, Woodbridge, VA 22193

Beautiful single-family home in Woodbridge, VA offers three bedrooms, two full baths, and spacious family room addition.  This short sale home is bright, open, and sparkling clean, just right for the new buyer.

Kitchen with cherry cabinets and stainless steel appliances.  The master bedroom has a master bathroom addition with double vanity sink and separate shower.

Enjoy the private fenced in back yard, and rear deck.  This home has been well maintained and is located on a cul-de-sac.

Subdivision: Dale City (Woodbridge, VA 22193)

Price: $195,000

Banks Involved: Bank of America

Contact Info: Listed by Tamara Inzunza, CDPE, CDRS, SFR, specializing in short sales 703-623-8759

If you are currently having difficulty paying your mortgage, you may qualify to sell your home as a short sale.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                         

Posted in Sellers, Short Sales
July 17, 2010

Wells Fargo Short Sale At 75 S Reynolds Street Unit 215 In EOS 21 | Alexandria VA 22304

Wells Fargo Short Sale At 75 S Reynolds Street Unit 215 In EOS 21 | Aleaxandria VA 22304

75 S. Reynolds Street Unit 215

Alexandria VA listing agent and short sale specialist Tamara Inzunza has just listed a 1br/1ba condo in Alexandria VA.  Enjoy contemporary community amenities such as outdoor swimming pool, library, state-of-the-art fitness center, internet cafe, lounge, kitchen, convenience store, and grill area.

This second floor condo is offered at the attractive price of $125,000, and includes:

  • hardwood floors
  • separate dining area
  • ceramic tile in kitchen
  • stainless steel appliances including gas stove, dishwasher, built-in microwave, refrigerator with ice maker
  • balcony off living room with views of courtyard
  • washer/dryer
  • master bedroom with large closets
  • secure building entry

This close-in community offers a shuttle to the Van Dorn metro and is pet-friendly!

This property is a short sale and requires lender approval.  Estimated approval time once all required paperwork has been submitted is within 30 business days.

Subdivision: EOS Twenty-One (Alexandria VA 22304)

Sales Price: $125,000

Bank Involved: Wells Fargo

Contact Info: Listed by Tamara Inzunza, CDPE, CDRS, SFR, specializing in short sales

If you are currently having difficulty paying your mortgage, you may qualify to sell your home as a short sale.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                         

Posted in Buyers, Short Sales
July 16, 2010

Wells Fargo Short Sale Approval | How Long Will It Take

Wells Fargo Short Sale Approval | How Long Will It Take

Wells Fargo has recently merged with Wachovia, and like Wachovia's Short Sale Fast Track Program where approvals are generally granted within 30 days, Wells Fargo is doing its part to keep property values stable by reducing the time it takes for a short sale to be approved.  Once your application has been received, along with your purchase offer, your Wells Fargo short sale can be approved within 25 business days.

 

What are the benefits for a quick approval?

  1. For borrowers facing a financial hardship, a quick approval means a more positive impact on your credit report.  If you are currently behind on your mortgage, a quick approval means no additional late payments.  If you are current on your mortgage and are qualified for a short sale, then you will likely have no late mortgage payments on your credit report.
  2. Short sales help stabilize property values.  Unlike bank owned foreclosures, there is more incentive for the bank to minimize their losses by selling the property at market value, instead of below, preventing the neighborhood values from plummeting.
  3. Your experienced Alexandria VA short sale listing agent is able to market the home, advertising to other buyer agents and the public that a quick approval is likely.  This helps to encourage buyers who would normally avoid short sales reconsider them.

If you are currently experiencing difficulty paying your Wells Fargo Home Mortgage, please call Wells Fargo directly to determine your home retention options.  Contact the Loss Mitigation Team directly at 1-866-903-1053.

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                           

Do You Qualify For A Short Sale?

Posted in Schools, Short Sales
July 15, 2010

Manchester Lakes 2BR 2BA Condo For Sale In Surrey Condos

Manchester Lakes 2BR 2BA Condo For Sale In Surrey Condos
Short Sale Listed by Manchester Lakes Specialist

6923 Victoria Drive, Unit D

Alexandria VA listing agent and Short Sale Specialist Tamara Inzunza presents another opportunity in Manchester Lakes.  If you're looking for an affordable 2br/2ba condo in Alexandria VA where you can enjoy beautiful community amenities in a mature setting, then take a look at 6923 Victoria Drive Unit D.  This ground level home features a wood-burning fireplace, hardwood floors, washer and dryer, a master bedroom with a walk-in closet, and full master bath.

Located just off Beulah Road in Alexandria VA in Manchester Lakes, this home is ideal for commuters as it is close to I-495 Beltway, I-95 HOV lanes, and Fairfax County Parkway.  It's also close to the Franconia-Springfield metro, which is the end of the blue line.

Many Alexandria VA first-time buyers have 2Br/2Ba condos on their wish list, and with a price tag of less than $220,000, this home makes for a unique buying opportunity.  Investors looking for income property in Alexandria VA should consider these condos, as this floor plan, low condo fee, and convenient location can make for a good rental property.

This property is a short sale and requires lender approval.

Subdivision: Manchester Lakes (Alexandria VA 22310)

List Price: $219,900

Bank: Bank of America Short Sale 

Bank: Citi Mortgage Short Sale

Listing Agent: Tamara Inzunza, CDPE, CDRS, SFR (Listing agent specializes in short sales) 

Alexandria VA Short Sale Specialist | 703-623-8759 

See Also: Manchester Lakes Video Tour

See Also: Manchester Lakes Amenities Photo Tour

See Also: Manchester Lakes Real Estate and Market Update for June 2010

If you are currently having difficulty paying your mortgage, you may qualify to sell your home as a short sale.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                           

Do You Qualify For A Short Sale?