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Tamara Inzunza - (703) 623-8759
Tamara Inzunza Northern Virginia Short Sale Realtor
Our Blog

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

Our Blog 
Wednesday, March 11 2015

Breaking News - Mortgage Relief May Be Extended to 2016

Alexandria VA Short Sales - Homeowners who currently own more than market value for their homes may be getting additional relief from Congress.  The Mortgage Debt Relief Forgiveness Act may be extended to 2016.  Click here for full details.

Posted by: Tamara Inzunza AT 05:16 pm   |  Permalink   |  0 Comments  |  Email
Thursday, December 06 2012

More Proof That Banks Prefer Short Sale Than Foreclosures

One of the biggest reasons why distressed homeowners are reluctant to reach out for help is that they believe that the bank is eager and anxious to foreclose on their home.  This latest article from NBC12.com crushes that myth. 

Dan Blomquist of RealtyTrac is quoted in the article as saying, "They're [banks] seeing that they're going to lose less by approving a short sale than by dealing with the foreclosure process."

With incentives such as relocation assistance, banks are making short sales far more attractive to homeowners.  We have helped many homeowners who are facing a financial hardship, short sell their home using the Home Affordable Foreclosure Alternative (HAFA) program as well as bank specific short sale programs.

Don't be scared into foreclosure.  Understand that there are ways to avoid foreclosure, and speaking with a Certified Distressed Property Expert (CDPE) agent with a proven record of success should be #1 on your list if you need help today.

Seven Most Dangerous Short Sale Myths

 

 

Posted by: Tamara Inzunza AT 09:50 am   |  Permalink   |  0 Comments  |  Email
Thursday, September 20 2012

CDPE Agents Making A Difference In Alexandria and Nationwide

The Charfen Institute, founder of the CDPE designation has just release statistics supporting a nationwide decrease in foreclosures, and an increase in workout solutions such as a loan modification or a short sale.  As an Advanced CDPE member and a solid track record of successfully closing short sales, I have the tools and resources to help you.  If you are facing a hardship that is causing you to no longer afford your mortgage payment, please contact me today to see what options are available to you.

 

 

 

Posted by: Tamara Inzunza AT 11:00 am   |  Permalink   |  0 Comments  |  Email
Tuesday, September 04 2012

Article on 10 Common Myths Short Sale vs Foreclosure

In my real estate trainings, we hear so often about how as much as 7 out of 10 homeowners could have used a short sale as a means to avoid foreclosure.  I always find that interesting especially since the average consumer Googles practically everything nowadays when it comes to anything real estate.  My friends at KCM wrote this blog post, and I think the article as well as the comments are worth reading.  In my opinion, there are three distinct advantages that a homeowner receives from a short sale vs a foreclosure:

  1. You get the opportunity to see the bank's cards.  That means you have the chance to see the terms they are willing to accept.  And there still might be room for negotiating.  For the homeowners that we've helped, we don't just give in to the initial terms of the short sale approval, unless they are really, really favorable.
  2. You remain in control.  Even if you decide to put your home on the market and go through the short sale process, if you don't like the bank's terms, you can cancel the sale. There is no penalty for cancelling your sales contract, and no penalty for cancelling your listing agreement.
  3. It's the only option that really gives you the opportunity to walk away. Like the first point in the article, some homeowners believe that 'letting the home go' is the best way to start over.  But with the short sale, they bank may waive the full deficiency, agree to accept the money from the short sale as payment in full, and you may not have to pay taxes on the deficiency amount.

Click here for the full article.

Posted by: Tamara Inzunza AT 07:08 am   |  Permalink   |  0 Comments  |  Email
Saturday, May 07 2011

Bank of America Continues To Help Distressed Homeowners

 

Mortgage giant Bank of America has announced that it will be opening more relief centers to help homeowners who are having difficulty paying their mortgage.  This is a big step in showing how banks are becoming more proactive in reaching out to struggling homeowners.  This confirms that banks do not want to foreclose on your home. Why?  Because it costs them money, in the short term because they have to get out of the money lending field and become property managers and hire real estate brokers to sell their non-performing assets for below market value.  And in the long term, it can affect their stock prices because of how they report their profits and losses.

Many homeowners think that it's the bank's job to foreclose immediately.  Today, more banks are allowing homeowners the opportunity to short sale, and to short sale with monetary incentives.  If you have an FHA loan, you can receive up to $1500 at closing that can help you with relocating.  If you are eligible for theHAFA program, you may receive up to $3000 at closing.  It's important to know your options, because there's a chance that you could be leaving money on the table if you choose to walk away.

 

Posted by: Tamara Inzunza AT 08:05 am   |  Permalink   |  Email
Wednesday, April 06 2011

Class Action Lawsuit May Prove That Banks Stalled Loan Modifications

CitiMortgage has come under fire for not granting loan modifications.  A class action lawsuit has been filed in Pennsylvania, and it's very likely that other big banks will be monitoring the outcome.  Here is a link to the full article.

Posted by: Tamara Inzunza AT 06:30 pm   |  Permalink   |  Email
Thursday, December 30 2010

Another Resource For Homeowners From Fannie Mae

Foreclosure Options Website

From CRS.com - Fannie Mae launched a new website to help homeowners who are behind on their mortgage payments or are facing foreclosure.  KnowYourOptions.com features practical information and resources to help homeowners avoid foreclosure and either stay in their home or sell it.  Resources include a list of local foreclosure prevention events, housing counselors, Fannie Mae resources, credit score information, forms, videos, calculators and more. The site also provides important tips for recognizing and avoiding foreclosure scams.  For more information, go to www.KnowYourOptions.com.

 

 

Posted by: Tamara Inzunza AT 02:28 pm   |  Permalink   |  0 Comments  |  Email
Sunday, December 26 2010

2011 Will Be The Year Of The Short Sale

Short sales are no longer a stigma, but part of the norm when it comes to Alexandria VA real estate.  This recent article from HousingWire.com outlines how banks will become more open to short sales in 2011 to help reduce costs and to absorb the number of foreclosures that could possibly flood the market.

Specifically, the article points out the fact that short sales are a less costly alternative to foreclosures, and the bank recovers about 10% more in a short sale than when a home goes into foreclosure.

Most banks that we've worked with have responded favorably to our requests for short sales.  Because of our extensive training, we are able to prequalify homeowners, prepare the detailed short sale package, and negotiate acceptable terms.  If you are having difficulty making your mortgage payments, we can help you determine if you qualify for a short sale.  Indeed, this foreclosure prevention option is acceptable to banks, and will enable to you to protect your credit better than the consequences of a foreclosure.

Read full article from HousingWire.com.

 

Posted by: Tamara Inzunza AT 09:51 pm   |  Permalink   |  0 Comments  |  Email
Wednesday, December 22 2010

Strategic Default - It's About The Money Not The Obligation

Strategic defaults are starting to make sense, at least more financial sense these days.  Hardship or no hardship, sometimes homeowners take a look at the balance sheets and income statements, and decide that a house that used to be an asset is now a liabilityThis recent MSNBC article is proof that there is a shift in the way people are viewing strategic defaults.  Take a look at the comments to see the different opinions.  What's your opinion? 

No matter which side of the aisle you're on, we can help. 

Posted by: Tamara Inzunza AT 02:45 pm   |  Permalink   |  0 Comments  |  Email
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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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