Skip to main content
Short Sale Listings
Alexandria Foreclosure and Short Sale Information
How To Stop The Foreclosure Process
Loan Modification
Effects Of Foreclosure
Cost of Bankruptcy
Understanding HAFA
VHDA Short Sales
FHA Short Sale Program
Talk To Your Lender
Homeowners We Helped
Short Selling Your Condo
Avoid Foreclosure
What Is A Short Sale?
Short Sale vs. Foreclosure
Qualifying Process for a Short Sale
Financial Hardships
Frequently Asked Questions
Glossary Of Terms
Access Our Free E-book
Learn About Short Sales
What The First Step In The Short Sale Process
Qualifying for a Short Sale and Avoiding Foreclosure
Home Evaluation
Initial Consultation
Your Hardship Letter
Avoid Scams
My Sold Listings
Getting Started
VA Compromise Military Short Sale Program
Military Short Sale Programs
Old Town Alexandria Short Sales
Del Ray Alexandria Short Sales
Kingstowne Alexandria Short Sales
Manchester Lakes Short Sales
Fairlington Short Sales
Northern VA Short Sales: Avoid Foreclosure Northern VA
22301 Stats
22302 Market Stats
22304 Stats
22305 Stats
22314 Stats
Market Stats
What Is A CDRS - Certified Default Resolution Specialist
What Is A CDPE
What Is The LDPD?
Tamara Inzunza - (703) 623-8759
Tamara Inzunza Northern Virginia Short Sale Realtor
Our Blog

Recently Closed Short Sale
Lorton Valley
Lorton, VA
* - 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
* - 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

VA Compromise 

Military Short Sale Programs - VA Compromise Sale - There is a strong military presence here in the Northern Virginia metropolitan area.  With installations including the Pentagon, Fort Belvoir, Quantico Marine Base, and Bolling Air Force Base, many have made the areas along the beltway and along the I-95 corridor home.  From Washington DC, to Arlington, Alexandria, Springfield, Lorton, and Woodbridge, military homeowners account for a large percentage of home ownership.

When the real estate market crashed and property values sharply declined, more military homeowners became affected by 'under water' mortgages.  One option for homes that are currently held with a VA mortgage, is a VA Compromise Sale.  VA Compromise sales are also known as "VA short sales" or "Compromise Sales".  When the property is sold for an amount that will not cover the total debt, a 'compromise claim' may be paid to pay the debt in full.  In this instance, there is no 'short' because the outstanding mortgage loan is paid in full.

In Northern Virginia, all VA Compromise sales are processed through the Roanoke regional office of the Department of Veteran Affairs. The property is marketed for fair market value, and once an acceptable offer has been made, it is signed by both buyer and seller.  The contract is accepted (or ratified) 'subject to approval of a VA compromise sale', so there is still a short sale contingency because the contract needs to be approved by a third party.  

Consideration for a VA compromise sale includes the following criteria:

  1. The property must be sold for fair market value. 
  2. The closing costs must be reasonable and customary.
  3. The compromise sale must be less costly for the government than foreclosure.
  4. There must be a financial hardship on the part of the seller.
  5. On loans that originated on or before December 31, 1989, the seller must be willing to sign a promissory note.
  6. There must be no second liens or other liens (unless the amount is insignificant). In situations whereby there are second liens or other liens, the seller can request that the lienholder consider releasing the lien and converting the loan to an unsecured personal loan.
  7. The seller must first obtain a sales contract in order to be considered for the program.

  See also:

If you are a Northern Virginia homeowner and you have a VA mortgage, please call us at 703-623-8759.  We are actively working with homeowners from Washington DC, Arlington, Alexandria, Lorton, Springfield, and Woodbridge who are eligible for to sell their home using the VA Compromise Sale program.

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


Certified Distressed Property Expert       

Copyright© 2016 - Pro Step Marketing, All Rights Reserved.

Terms of Use - Privacy Policy - Contact Policy

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.

Site Powered By
    Online web site design