First Horizon / American Home Mortgage Short Sale SOLD – Centreville, Virginia Short Sale SOLD

It’s was a last minute scramble to close this deal yesterday to help the buyers to meet their tax credit deadline…thanks to our short sale client for his ability to respond quickly. What some people asking about short sales is that fact that there are NUMEROUS deadlines to meet and if you miss a closing date, it can be costly and the deal could fall through all together! This home was located on Palmetto Bay Ct in Centreville, Virginia. The home owner bought in the height of the market in 2005 for $382K. The home sold yesterday for $261K…the bank took a loss of $121, 000. The homeowner was able to find a new rental home and start over fresh. This was the 3rd short sale closing this week for the Jennifer Young Homes team!! Congrats to my hard working group and to this homeowner on the successful short sale of his home…. jennifer@jyhteam.com (703) 774-9572.

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