MR COOPER & CITI MORTGAGE Short Sale Approved and Under Contract!

7000 ELLINGHAM CIR #41, ALEXANDRIA, VA 22315

Lovely patio level 1 BR, 1 full bath condo in fantastic location! Open floor plan has living rm w/cozy gas FP, dining rm opens to patio overlooking trees, common area. Kitchen opens to LR & DR. MBR opens to patio & has dressing area, 3 closets! Loads of storage! 1 park space & guest pass. New Fridge, H2O heater, disposal! W&D in unit, fee includes water & sewer! Minutes to Metro, shopping, more!

Both loans approved and deficiency rights are waived!

Here are the approval letters for your research purposes only:

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

PenFed Credit Union Short Sale Under Contract and Approved!

9938 ROYAL COMMERCE PL, UPPER MARLBORO, MD 20774

Here is the approval letter for your research purposes only.

Beautiful brick front TH w/garage in excellent location & just minutes to Metro! Bright open floor plan, hardwood floors throughout, nice neutral decor and fresh paint! Large kitchen w/bay window breakfast nook has pass through to dining rm. Step down living rm leads to deck! MBR suite has vaulted ceilings, WI closet, full bath! Walk out LL has rec rm leading to rear yard. Great commuter location!

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Great Single Family Short Sale Just Reduced in Severn MD!

7701 PECAN LEAF RD, SEVERN, MD 21144

One loan short sale- professionally negotiated&we will get it done! Charming 3 BR, 2.5 bath home on lovely lot in quiet cul-de-sac! Bright open floor plan, hardwoods, fresh paint. Formal living & dining room. Updated kitchen w/custom island opens to deck & spacious family room w/loads of sun from bay window & a cozy stacked stone woodburning FP!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Aldie VA Short Sale Review and Testimony

Highly likely to recommend

“My home was successfully short sold by Jenn Young and her team, led by listing agent John Purvis. We 1st went on the market in July of 2017 and ended up finally closing in early April 2018. This long time was entirely due to initial buyers who apparently didn’t understand a short sale process,  and my unreasonable bank not processing things in a timely manner. But make no mistake about it, the team at Jenn Young Homes are experts in short sales. It truly seemed as if their team were the only ones who knew what was going on even when banks, buyers, or even myself did not. There is a lot of negotiating and behind the scenes work that goes on in a short sale, but they do it well!”

Thanks Marc for the kind words! It was wonderful to work with you and congrats on being able to move forward after the short sale! Best of Luck!

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Short Sale Owner’s Role Vs Foreclosure Owner’s Role

Short Sale Owner’s Role Vs Foreclosure Owner’s Role

The role of the owner in short sales is definitely different then their role in a foreclosure. Their are benefits to buying either a short sale or a foreclosure when it comes to finding a good deal but the role the owner plays in each scenario can be drastically different.

1. Motivation

A short sale owner is very motivated to sell their home. The owner is trying to sell their home before it goes into foreclosure. If they can avoid foreclosure, they avoid a lot of financial burden and long term consequences. So these owners are motivated to be on the buyer’s side.

Foreclosure owners on the other hand can be a huge issue. They do not want their house sold, and many will fight it tooth and nail. Sometimes, it is the buyers responsibility to evict the old owners once the house is bought. There have been times where the original owners have trashed their home out of spite. These issues do not arise in a short sale situation.

2. Price Agreement

The short sale owner does not usually worry about how much the buyer offers, as long as the bank approves it. They might be frustrated that they paid much more than the new buyer might be paying, but they are usually very grateful to just be out from under the financial burden of owing more than their house is worth.

3. Cooporation

Sellers for short sales are ready to cooperate with the buyers. They will try to keep their house in better shape than those in a foreclosure situation who may not want their house to sell or are so financially unstable that they cannot keep up with general house maintenance.

The owners of a short sale are much easier to work with and more motivated than those of a foreclosure. If you find yourself looking to buy short sales or in a position needing to short sell your home in the Northern Virginia area, please give us a call so we can help you through the process!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Single Family Short Sale Recently Reduced in Frederick MD!

1605 DOGWOOD DR, FREDERICK, MD 21701

This terrific single family home offers loads of space with bright open floor plan, light filled living room opens to kitchen & dining room leading to refinished rear deck, patio, fenced yard & large shed w/electric! Upper level bedrooms w/loads of closet space & updated bath! Walk out LL has family room w/hardwood flooring, cozy FP, built-in bookcases, bedroom, den/4th BR, full bath & bonus room!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Gorgeous Short Sale Condo Bank Approved in Ashburn VA!

42581 SUNSET RIDGE SQ, ASHBURN, VA 20148

BANK APPROVED AT $399,900! Quick approval! Beautiful 3 BR + loft, 2.5 bath TH/condo with garage & gorgeous views! Loads of upgrades, 9′ ceilings, hardwood floors, bright open floor plan! Living room w/cozy gas FP opens to dining & lovely gourmet kitchen w/granite, SS appls! Private MBR suite has sitting rm, luxury bath! Upper most level has loft with wet bar & balcony with scenic mountain views!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

What is a Loan Modification and How Does Someone Get One?

What is a Loan Modification ?

A loan modification is basically when a homeowner facing hardship tries to work with their lender to change the terms of their mortgage loan to make it more affordable. Terms and conditions of a loan modification can vary depending on the lender involved. Adjustments to the loan can include temporary or permanent changes to the mortgage interest rate, terms of the loan and/or monthly payment amount. Be aware that past due amounts and/or the difference in the new lower monthly payments are typically rolled into the loan, and the new balance is re-amortized. This can put the homeowner in an even worse position, placing them further underwater when you compare the loan amount to market value of the home.

How does someone get a loan modification ?

Call your mortgage servicer and ask to be considered for a “Home Affordable Modification”, or HAMP. The number is on your monthly mortgage bill or coupon book. Honestly and clearly tell them about your situation. They will assess your financial state through phone calls and paperwork to determine whether you qualify for a loan modification. Keep copies of all mailings between you and the lender and take detailed notes on who you speak with and what you talked about. Details of your conversations give you documentation down the road if you are faced with foreclosure. Be sure to watch the clock on all of this though, because when you’re applying for a loan modification, you are on the lender’s time table and we’ve seen many homeowners who were still waiting for the loan modification when they received foreclosure paperwork in the mail. If you’ve been late on your mortgage or you’re at a point where you know you can’t pay on time anymore, call us and we’ll explain all of your options without the waiting! You can email me or you can apply for information online by clicking here apply online now. If you would prefer to discuss it on the phone, or set an appointment call me Toll Free at 866-433-6474 or call my cell directly at (703) 774-9572. We also have an agent to help our Spanish speaking clients, just call Mimi Tyrie at 703-542-3178.

Great Single Family Short Sale Available in Jeffersonton VA!

4206 LINDSAY CT, JEFFERSONTON, VA 22724

Beautiful colonial nestled on lovely private treed lot on DC side of Culpeper, just minutes to Warrenton! Beautiful hardwoods, crown moldings, wainscoting, large living rm w/stone FP opens to large screened porch & deck! Formal dining rm, kitchen w/breakfast bar & nook! MBR w/WI closet, bath w/jetted tub! Walk out LL has huge rec rm w/FP, 4th BR & full BA! Oversized garage! NO HOA, serene setting!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Is a Short Sale right for me?

Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. If you are faced with a hardship that makes it likely you will be unable to meet your obligation on your mortgage, your lender would prefer to settle the matter with you as opposed to taking the property through foreclosure.

As you consider the option of pursuing a Short Sale, remember your lender is looking to limit any potential loss on your loan. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure. Bottom line, your lender wants to work with you.

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572