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Tamara Inzunza - (703) 623-8759
Tamara Inzunza Northern Virginia Short Sale Realtor
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Recently Closed Short Sale
Lorton Valley
Lorton, VA
$599,000
* - Investment property
* - Two mortgages
* - Current on mortgage payments
* - No cash due or promissory note

Alexandria VA Townhouse Short Sale

Recently Closed Short Sale
Alexandria, VA
Stonegate
$515,000
* - HOA liens paid by lender
* - Two mortgages
* - No cash due at closing
* - No promissory note
* - closing costs paid to buyer
 

"I now realize that I may not have gotten through the transition so smoothly if it had not been for her expertise in an area most Realtors do not care to touch! Tamara has a heart for her clients and it is evident in the dedication she exhibits. I would highly recommend her to anyone searching for a home or trying to get rid of one." - E. Dawson

"Her attention to every detail and willingness to go beyond her area of responsibility was a huge factor in getting my place sold in a timely manner. Selling my home was very stressful and Tamara made the process as easy for me." - J. Bain

Short Selling Your Condo 
Garden Styled and Low Rise Condos
Garden Styled and Low Rise Condos in Alexandria consist of buildings with 1-4 floors.  We have helped homeowners in Alexandria and Arlington VA with the short sale of their condo in communities of Exchange at Van Dorn, Frederick Courts, and Fairlington Village.  Whether it's your primary residence or your investment property, your lender may be open to granting a short sale on your condo.  During the real estate boom, many apartment buildings were converted to condominiums, which contributed to the flooding of the inventory.  In addition, the rise of the monthly condo fees can also make it difficult to keep your mortgage current, even if you have a fixed rate mortgage.
Mid-Rise Condo Short Sales
We also help homeowners with short sales of mid-rise condos in Alexandria and Arlington VA.  Buildings like The Wapleton and The Lofts consist of 5-8 floors.  The mid-rise buildings usually offer added security, but may not have all of the resort-styled amenities like the high-rise condos.  With monthly condo fees ranging from $400-$700+, these increased expense can create an unexpected financial hardship for a homeowner.
High Rise Condo Short Sales

When we sit down and meet with homeowners of high-rise condos, it's easy to see how one missed condo fee payment can throw the financial balance off of a household.  These buildings, consisting of 9+ floors, offer conveniences such as 24-hour security, concierge service, underground parking, all utilities, and more.  In Alexandria and Arlington VA, monthly condo fees for high-rise buildings can be a low as $400, but can also be as high as $1,000+.  If a special assessment is levied, that can also create upside on the monthly budget.

What If I'm Behind On My Condo Fees?

Many homeowners don't realize that the condo association can foreclose, even if you're current on your mortgage payment.  One of the documents that you signed at closing was called a condominium rider, which stated that you would pay the condo fees separate from your mortgage payment.  We have successfully facilitated the full payoffs and short payoffs for delinquent condo fees.  The most important thing is to tell your short sale listing agent if you are behind.  Past due condo fees can bring a successful short sale to a screeching halt.  Your lender is more inclined to contribute to the delinquen amount if this is disclosed early on in the process. 

 

Current Condo Short Sale Listings

The following is a list of short sale condos for sale in Alexandria and Arlington VA:

 

If you know of a friend, family member, or loved one who may be experiencing difficulty making their mortgage payment, please click the button above to refer them to this website.

Brought to you by:

Tamara Inzunza, Associate Broker

RE/MAX Executives 
Certified Distressed Property Expert (CDPE),
Certified Residential Specialist (CRS)

2104 Mount Vernon Avenue
Alexandria, VA 22301
(703) 623-8759

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Certified Distressed Property Expert       

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Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

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