Another Northern Virginia Short Sale Success: Dominion Valley Short Sale Sold for $325,000

The story of this Dominion Valley Short Sale in Haymarket, Virginia began when it hit the market on July 6, 2010. Orginially it was priced at $339,000 but after twenty-five days on the market, the Sellers decided to reduce their list price to $325,000. The Prince William County summer market was sluggish and they needed a contract to submit to the bank to hold off foreclosure.

The Sellers received their contract on August 23rd. It was promptly submitted to Wells Fargo who held both of the Sellers' mortgages. By October 10th, the Buyer and Sellers were happily in receipt of their Short Sale Approval Letters and heading to Settlement. Wells Fargo released both liens and accepted the proceeds from the sale as payment in full for both of the loans. It doesn't get any better than that for Short Sale Sellers.

The Buyer got an attached single family home in outstanding condition for $325,000 and had the bank pay for $5,000 of her closing costs. This Dominion Valley Short Sale was a win for everyone involved.

If you or someone you know is facing foreclosure and would like to investigate the option of Short Sale, please give me a call. As an experienced Northern Virginia Short Sale Listing Agent, I have the skills required to help you through the Short Sale process successfully.