Gainesville, VA

When it comes to short sale approvals, Wells Fargo's timelines are among the most desirable in the short sale business. That's coming from a Gainesville, VA short sale agent! From the time a complete short sale package arrives to Wells Fargo's short sale department, the days start ticking off to short sale approval. The target is thirty business days, though lately it's been more like 45 business days. And that's if there is only one loan you are working with. The time frame can easily double when you are working two loans, whether they are both with Wells Fargo or not.

Despite the well spelled out timelines and procedures, Wells Fargo short sale sellers can often find themselves at a loss for patience. The days go by and they hear nothing. Even if their short sale listing agent is calling with regular weekly updates, things can feel stalled. You see, when the short sale package is "under review", there is little news to deliver to the client. So you wait. And you wait. It can be maddening to a short sale seller.

The wait to a short sale seller is probably how I used to feel when Mom and Dad would put my brother and I in the back seat of our family car--the mint green Ford Galaxy--and head off to Grandma's. The trip was only four hours, but to a kid....it's an eternity. Mom and Dad used to try to quantify the time in Flintstone Shows. Dad would say, "We're half way there, only four Flinstone shows to go." Ugh!

My brother and I would do our best back seat theatrical presentation, trying to tick off the time with our interpretation of a Flintstone episode. We may have gotten five minutes in and all h*** broke loose. Then we were back to the incessant questioning, "How much longer?" NOTHING made that time go by any faster.

As the driver of the Wells Fargo short sale Ford Galaxy, I am here to reassure you that the time frame for short sale approval is ticking by and we will get there. Of course, it helps to get to that final destination of short sale approval when you have someone who has traveled the road before. I have a well worn road map that I am happy share as your Wells Fargo short sale listing agent.

Treat Yourself to a Gainesville Area Home for the Holidays!

With Thanksgiving just one week away, visions of that dream kitchen are no doubt coming to mind. I'm sure you are just wishing you had more counter space, maybe a center island and definitely double ovens. What else is in your dream kitchen?

• Granite counters?
• Stainless steel appliances?
• Cherry cabinetry?
• Ceramic tile?

No matter what your dream kitchen consists of, there is a good chance that we can put our head's together in between the Thanksgiving and Christmas holidays to find it for you, wrapped up in a Gainesville, VA home.

With the first time buyer $8,000 tax credit extended to the Spring of 2010, and expanded to give $6,500 to homeowners of five years or more, there is no reason to not treat yourself to a Gainesville area home for the holidays. Your home buying dollar goes much farther in Prince William County than it will anywhere in Fairfax County.

Let's make your kitchen dreams come true this holiday, so you can spend next holiday season preparing those holiday meals in your Gainesville, VA home.

Long & Foster Gainesville is hosting an annual Coats for Kids Drive. If you are a resident of Gainesville, Bristow or Haymarket, Virginia, here's your chance to make a difference in someone's world this winter. Bring in your donation of a new or clean, lightly used coat, mittens, gloves, scarf, or hat to our office. Adult outwear is also welcome.

The Long & Foster Gainesville office is located at 7526 Limestone Drive, Gainesville, VA. From the intersection of Route 29 & Linton Hall Road; take Linton Hall Road South; at the 3rd traffic light turn left onto Wellington Road; take a left onto Limestone Drive. Long & Foster Gainesville will be on the corner of the strip of shops, across the street from 7-Eleven.

Donations will be taken through March 31, 2010. Call 571-261-1400 for office hours.

Thank you for your donations!

Long & Foster in Gainesville, VA is happy to be a collection site for Toys for Tots. Simply stop by our offcie to drop off your donation of a new, unwrapped toy.

The Long & Foster Gainesville office is located at 7526 Limestone Drive, Gainesville, VA. From the intersection of Route 29 & Linton Hall Road; take Linton Hall Road South; at the 3rd traffic light turn left onto Wellington Road; take a left onto Limestone Drive. Long & Foster Gainesville will be on the corner of the strip of shops, across the street from 7-Eleven.

To check our business hours, please call 571-261-1400.

Toys will collected until December 18th. Bring a smile to a child's face this Christmas. Drop off your new, unwrapped toy and know you have made a differnce in someone's life this holiday season.

Gaineville Virginia - Homes For Sale - Foreclosures and Short Sales

The rise in foreclosures and short sales has even touched the homes for sale in the Gaineville VA market. Since September 2008, monthly foreclosure filings decreased by 10 percent across Virginia. Overall, in September 2009, Virginia ranked 17th in foreclosure rate amongst the 50 states, according to RealtyTrac.

According to the Virginia Association of Realtors, in the 3rd Quarter of 2009 median sales prices were down by 1.3% over the same period in 2008 while they increased 2.2% over the previous quarter (2nd Quarter 2009).

Currently there are 209 Single Family Homes listed for sale in the Gaineville VA MLS in October 2009.

• 2 Foreclosures (1% of current homes)
• 77 Short Sales aka Preforeclosure (36.8% of current homes)
• 77 Resales (36.8% of current homes)
• 53 New Homes To Be Built (25.4% of current homes)

Based on current average homes sold in Gaineville VA per month we currently have 6.2 month home supply. This is a .7 month home supply increase from October 2009

With the right agent you can get a great deal on the current available Foreclosures and Short Sales.

Linda Coffey, Realtor®
Long & Foster Realtors

7526 Limestone Drive
Gainesville, VA 20155

Licensed in the Commonwealth of Virginia

(703) 973-2676

LCoffey@LNF.com

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