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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 
Sunday, January 09 2011

Breaking News - Under Water Veterans Now Eligible for Money With VA Compromise Sale Program

On January 6, the Department of Veterans Affairs is authorizing mortgage services to pay $1500 to veteran home owners who are upside down on their mortgage and complete a VA compromise sale. This is definitely exciting news for veterans who are facing a financial hardship and must sell their home for less than what is owed on the mortgage.

Similar to the HAFA short sale program for owner-occupants, the $1500 credit must appear on the HUD-1 closing statement.  To clarify, the $1500 incentive is not paid in advance of closing, but is provided upon successful completion of the VA compromise sale.  Homeowners are encouraged to work with a real estate professional in efforts to sell the home at market value.

If you are a military homeowner who purchased your home with a VA loan, you may qualify to sell your home under the VA Compromise Sale program. Contact us today for more information.

Source: VA Circular 26-11-1.

 

Posted by: Tamara Inzunza AT 04:51 pm   |  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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