Another VHDA Short Sale Approved in Alexandria VA
VHDA Short Sale Help - We're one step closer to stopping another foreclosure in Alexandria VA. Our listing in Park Place Condominiums at 2500 N. Van Dorn Street Unit 1214 has just been approved for a short sale by VHDA. VHDA is the Virginia Housing Development Authority. Located in Richmond, Virginia, VHDA helps first-time homebuyers by providing down payment assistance programs and homeownership classes.
How can I stop foreclosure on my home if I have a VHDA loan?
Like many banks, VHDA has a Loss Mitigation Department that works with homeowners who are facing a financial hardship, and are interested in finding out their options. Make sure you contact VHDA first to confirm your loan type and what options are available to you.
How long does the VHDA short sale process take?
That depends on your loan type and if your short sale will have to be approved by an investor. When cooperating with VHDA and providing all of the required documents in a timely manner, we have been able to get a VHDA short sale approved in as little as seven days. But for planning purposes, you should allow a minimum of 45 days for your short sale to be approved.
If you purchased your home with a VHDA loan, and need help with a short sale, be sure to contact a short sale specialist who has a proven track record of successfully helping VHDA homeowners.