Stacy Magid

The Real Estate Market in Prince William County is still doing well. The Average SOLD price is up since last year at the same time. Remember Real Estate is LOCAL so what you hear on the National News is not indicative of our local market.

This year promises to be even better than the last.

If you are considering selling your home as a short sale, there is some very important information that will need to be provided to your listing agent and Lien Holders to get the short sale process started..

Questions that a Listing Agent will ask.

1. How much do you owe on the Property
2. Do you have another mortgage subordinate to the first one
3. Have you communicated with the lender?
4. Are you behind on payments?
5. How delinquent are the payments?
6. Are there any delinquent property taxes, insurance, HOA fees?
7. Are you working with a Loss Mitigation Specialist or spoken to one?
8. Have you received a foreclosure notice?
9. Have you discussed a Loan Modification Plan with the lender?

Paperwork that the Listing Agent will need to get the short sale process started:

1. Letter of Authorization- This letter provides the listing agent permission to speak to the banks on your behalf.
2. Preliminary Net Sheet- Defines Assets and Liabilities. Should be very detailed with up to date information
3. Hardship Letter- Explains why you need to do a short sale . This does not need to be a long drawn out letter. Just to the point(Divorce, Loss of Job/Income, Medical, etc)
4. Last Two Year tax returns
5. W-2
6. Copies of Bank Statements-( last 2 months)
7. Listing Agreement

As Certified Short Sale Agents we can provide examples of all the necessary information and help you will completing a short sale successfully.

Prince William County offers a very unique Education Program for all grade levels. Prince William County Elementary school students are offered a full range of courses in the core areas of language arts, mathematics, science, and social studies.

Elementary Foreign/World Languages Programs- French

• Lake Ridge Elementary
• Signal Hill Elementary

Elementary Foreign/World Languages Programs- Spanish

• Enterprise Elementary
• Henderson Elementary
• Mullen Elementary
• River Oaks Elementary
• Tyler Elementary

Gifted Education Centers

Western Centers

• Bennett Elementary
• Buckland Mills Elementary
• Ellis Elementary
• Signal Hill Elementary
• Yorkshire Elementary

Mid-County Centers

• Coles Elementary

Eastern Centers

• Belmont Elementary
• Fitzgerald Elementary
• Lake Ridge Elementary
• Leesylvania Elementary
• Williams Elementary School

International Baccalaureate Program

• Antietam Elementary
• Buckland Mills Elementary
• Dumfries Elementary
• Ellis Elementary
• Featherstone Elementary
• Fitzgerald Elementary
• Gravely Elementary
• Rosa Parks Elementary
• Victory Elementary
• Williams Elementary

Signature School for Mathematics & Science

• Belmont Elementary
• Sudley Elementary

Traditional School

• Pennington School
• Porter School