Midtown At Alexandria Station Condos |
Alexandria VA CDPE Listing Agent Helps Another Homeowner Avoid Foreclosure With A Short Sale
Just Sold - 2451 Midtown Avenue, Unit 1515
Still having that 'new home smell', the contemporary condos for sale at Midtown at Alexandria Station appeal to a lot of Alexandria VA buyers who are looking at condos close to metro. Shortly after purchasing a unit here, this homeowner experienced a financial hardship.
With an FHA loan, the homeowner applied with Wells Fargo Home Mortgage and was accepted into FHA's Preforeclosure Sales Program and also received a monetary incentive. The time period for the short sale approval was 35 days.
This home had also been previously listed with another broker and did not sell. If you are facing a financial hardship and would like to see if you qualify to sell your Alexandria VA home as a short sale, please be sure to visit my website for a confidential analysis. Experience counts, and as a Certified Distressed Property Expert (CDPE) and a Certified Default Resolution Specialist, I have the training and sale experience to help. Short sales are not like traditional sales, so be sure to consult with an Alexandria VA listing agent who is qualified to help.
If you currently have an FHA mortgage and are experiencing a financial hardship, you must meet the following criteria to be eligible to participate in the Preforeclosure Sales Program:
The property must be owner-occupied, no “walk-a ways” or investment properties. Exceptions: when it is verifiable that the need to vacate was related to the cause of default (job loss, transfer, divorce, death), and the subject property was not purchased as rental investment, or used as a rental for more than 18 months.
The Mortgagor must be 31 days or more delinquent at the time of the Preforeclosure Sale closing.
The Mortgagor must provide documentation substantiating a reduction in income or an increase in living expense, and documentation that verifies the Mortgagors need to vacate the property (if applicable).