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: