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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

Our Blog 
Thursday, December 16 2010

Breaking News from Wells Fargo and Wachovia

This information comes to us from a VP at Wells Fargo/Wachovia…

Over the last few months, there has been several questions regarding the postponement of Foreclosure Sale Dates with Wells Fargo and Wachovia properties. To clear up some of the confusion in the real estate community, I have again addressed our policy below: PLEASE SEE BELOW FOR POLICY ON THE POSTPONEMENT OF FORECLOSURE SALE DATES:

A foreclosure sale postponement, for up to 30 days (max) may be granted, provided :

1) there have been no prior voluntary postponements granted by Wells Fargo / Wachovia for the subject short sale,

2) all junior liens and MI’s have provided written approval of the short sale proposal,

3) proof of available funds, as evidenced by a current bank statement dated within past 30 days or proof of financing, as evidenced by a credit decisioned loan commitment (not a pre-approval letter), has been submitted to Wells Fargo / Wachovia, and

4) the short Sale can close within 30 days after the scheduled FC sale date.

There is one exception to the above criteria. If the buyer is obtaining a loan from Wells Fargo, we can now accept a pre-approval letter in lieu of a commitment letter. A pre-approval letter is only acceptable when the buyer is obtaining financing via Wells Fargo.

The key is to get to these Alexandria VA homeowners who have a mortgage with Wells Fargo or Wachovia to speack to a qualified short sale specialist much sooner in the process before there is a FC sale date scheduled.

Source: Kris and Kim Darney - Short Sale Specialists in Southern California

If you own a home in Alexandria VA and your mortgage is with Wells Fargo or Wachovia, we can help you avoid foreclosure with a short sale. Contact us today to see if you qualify.

Posted by: Tamara Inzunza AT 09:56 am   |  Permalink   |  0 Comments  |  Email
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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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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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