Over 5 Acres ready for your horses in the Clifton Ridge subdivision of Clifton, VA…just outside of Washington DC! We had a buyer for this home and got the short sale price approved, but buyer couldn’t get to closing. If you’re looking for a country setting near the big city, this is the place for you.
The history on this home for our team dates back to 2012, when our sellers reached out with concern over losing their home to foreclosure. They owe over $220,000 more than what their home will sell for in today’s market and they needed our help. We originally listed this home for $629,000…and then consistently reduced the price until we secured a buyer. As with all short sales, we sent the contract to the lender and they countered our buyer at the list price of $524,900, but they did not accept. We now need a new buyer and would love to show you this great home. We’ve closed over 200 Short Sales in and around Washington DC and we’d love to walk you through the process if you’re interested. Call me at 703-400-6757 or email jennifer@jyhteam.com for more info or to book a showing. With an approved price, the closing could happen faster than your typical short sale transaction. Here is one of the approval letters involved with this sale for your research purposes:
Chase HELOC Approval Letter
What is a Short Sale?
A Short Sale is the sale of a home where the amount of the homeowner’s mortgage payoff is higher than current market value (what the home would sell for today). With an approved short sale, the lender agrees to accept a sales price that is lower than what the homeowner owes on the loan. In addition, the lender pays virtually all sales costs, including commissions, escrow and title fees at closing. You can get your home sold, the loan(s) paid off – and you avoid foreclosure.
Approved Short Sale Needs NEW Buyer! Luxury Short Sale Clifton VA Only $524,900 – Bring Horses!