Congrats to our clients who closed this week on their short sale on Lakeview in Locust Grove, VA! Our sellers owed more than $250,000, but we negotiated their sale price at $109,000. Our clients sent us a testimonial on Zillow.com...“We had been in a very stressful situation for 5 years trying to work with our mortgage company after I lost my job. We finally came to the realization that the only hope we had was to sell our home via short sale. I contacted Jennifer Young Homes after visiting their website. I was a little skeptical because we had been through so much, and promised so much over the past 5 years that we dd not believe that anyone could help us. However, I felt much better after speaking with one of their agents, Leslie Reisinger. Leslie made me feel more comfortable about the situation and was there with us throughout the entire process. Edson & Bethany were also very instrumental throughout the sale. We have great respect for the entire team and their knowledge and expertise. Our short sale went through very smoothly. We highly recommend Jennifer Young Homes and their incredible team for anyone’s real estate needs.” Scott & Sheri Jenkins Locust Grove, Va.

Here is the approval letter. If you know anyone who needs our help, let me know at me or call me at (703) 774-9572.

Successful Short Sale in Alexandria, VA – Bank of America Waived Deficiency Rights on Short Sale of Condo in Sentinel of Landmark!

Our seller bought in 2004 for $226,000, but he was forced to sell in the current market on Friday for $159,000. Lender was Bank of America and we went through numerous approvals and extensions, but finally got to closing with B of A with them agreeing to waive all rights to unpaid balance (deficiency waiver). Here is a copy of the approval letter. If you know anyone who needs our help, call me at (703) 774-9572 or email me at me. Hear from this client about our work: “I believe Jennifer Young and her team are best in town dealing with Real Estate transactions. Her team was so dedicated to our complicated case that they were there with every step to explain the situation and with possible solutions.” R.M.

Jennifer Young’s 139th Short Sale SOLD Today in Purcellville, VA! Lenders: One West Bank (Indymac) & Citi Mortgage

Congrats to our clients who sold their home in the Hirst Farm Neighborhood on Towering Oak Ct in Purcellville. This one was plagued by lender delays, repeat BPO requests and buyers who backed out, but we stayed with it and closed thanks to the patience of our sellers who will now walk away from their mortgages equaling over $750,000 (refinanced in 2006 – sold this week for $469K).

Here is the approval letter from One West Bank for your research purposes:

Call me at (703) 774-9572 or email me if you’d like to discuss your options.

Fredericksburg, VA Short Sale SOLD – Chase and Citi Mortgage Agree to Waive Deficiency Rights After Selling Short!

Congrats to our seller who bought this town home on Batley Court in Fredericksburg, VA in 2005 for $275,000 – but short sold with our team this week for a sale price of $135,000. We were able to negotiate a debt settlement with the 2nd trust (Citi Mortgage) outside of the short sale to move this file along faster. Both her 1st trust (Chase) and the 2nd trust agreed to waive rights to unpaid balances! If you know anyone who needs our help, call me at (703) 774-9572 or email me at jennifer@jyhteam.com.

Hear from our client on this short sale…“The Jennifer Young team did a wonderful job of helping me with my short sale! They were very knowledgable about the short sale process and kept me updated on the status of my case. They worked so hard to make the deal happen and managed to negotiate a short sale deal for me with two different banks because I had a first and a second mortgage on the property. I would definitely recommend their services to others looking to complete a short sale!” a.w.

Chantilly, VA Short Sale Approved by Bank of America – Deficiency Rights Waived for Short Sale of Condo!

This seller was planning to file for bankruptcy but the bankruptcy attorney told her to try a short sale first with our team. We listed the property and quickly received an offer on 03/30/12. Bank of America investors requested seller to contribute $5,000 toward their loss and seller accepted.With everyone in agreement, the file has been approved and all deficiency rights have been waived!! Here is the approval letter. If you or someone you know needs our help with a short sale in Virginia, Maryland or DC, call me at (703) 774-9572 or email me at me.

Short Sale SOLD in Centreville, VA – Short Sale Was Prompted by the Lender and Closed Quick

Congrats to our clients who we  just helped to close on their short sale on William Colin Ct in Centreville, VA today! The neighborhood is Stonegate at Faircrest Condos. I have to say, this one of the most efficient files I’ve ever worked. We received the complete short sale package on 02/03/12. Seller was advised directly by HSBC to try and short sale his property before jumping into a Deed in Lieu situation. So, seller contacted us after checking out other agents, he signed the listing agreement and then we sent it on to our contacts at HSBC. With the listing agreement in the system, the lender ordered the bpo/appraisal and we listed the property at the price dictated by HSBC. We received a ratified offer and everything went smoothly from there. On 02/28/12 the short sale was fully approved with all deficiency rights being waived. It’s always great to see the lenders be proactive in the best interest of their customers. Most stories we hear from homeowners involve their lender stonewalling them…some even say their lenders told them, “You signed the papers and got yourself into this, just pay your bills.” Of course, no one knew how much the market would fall. These sellers bought in 2005 for $355,000…and as you can see, the market dictated that it sell today for only $200,000. Thanks to HSBC and congrats to our clients as they start their new life journey.

See their comments to our team…”Jennifer Young’s team is fantastic! I have a growing family and needed to buy a bigger home. I was underwater in my current home and needed to short sale. I dealt with my bank on my own for two years and always got passed around or was never able to speak to anyone that could make decisions. Jennifer’s team knew exactly who to talk to at my bank and successfully negotiated our short sale with the best possible terms. They took care of everything. They have a team dedicated to selling short sale properties, and a person whose main focus is negotiating with banks. I wish I had gone to them sooner. They knew everything about the process. Jennifer’s team also helped me buy my new house. Her agents are very knowledgeable of the Northern Virginia are, and are aggressive at negotiating the best deal. I have been telling all my friends about Jennifer Young’s team. Thanks to them my family now has a bright future and the weight of an underwater property is off our shoulders.” C.F.

If you know anyone who needs our help, call me at (703) 774-9572 or email me at me. Here is the approval letter for research purposes:

We’re getting closer to closing this short sale on Tutts Mill in Culpeper, VA. The 1st trust is with Nationstar and the 2nd is with Bank of America. Both have agreed to short sale after a long negotiation process and all deficiency rights have been waived by the lenders. Here are the most updated approved letters. If you or anyone you know need our help in getting out from under an upside down mortgage, call me at (703) 774-9572 or email me.