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Lisa Moroniak's Blog

By Lisa Moroniak | Agent in Leesburg, VA

Short Sales by the Numbers for BUYERS and SELLERS in Leesburg, Virginia - 20175 & 20176

Short Sale Statistics for BUYERS and SELLERS in Leesburg, Virginia - 20175 & 20176

For Leesburg, Virginia the last 90 days of listing statistics show that 19% of all homes listed in the Metropolitan Regional Information Systems (MRIS) database are short sales:

ACTIVE:14
CNTG/NO KO:24
CNTG/KO:10
CONTRACT:5
SOLD:25
Total:78

By Price Point:

LOW: $243,000

HIGH: $1,650,000

MEDIAN: $427,000

AVERAGE: $503,692



 

Are you eligible to participate in a short sale for your Leesburg, Virginia home?

Home Affordable Foreclosure Alternatives (HAFA) Program

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If you can't afford your mortgage payment and it's time for you to transition to more affordable housing, the Home Affordable Foreclosure Alternatives (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you sell your house for an amount that falls "short" of the amount you still owe. In a DIL, the mortgage company lets you give the title back, transferring ownership back to them.

In either case, HAFA offers benefits that make the transition as favorable as possible:

  • You can get free advice from HUD-approved housing counselors and licensed real estate professionals.
  • Unlike conventional short sales, a HAFA short sale completely releases you from your mortgage debt after selling the property. This means you will no longer be responsible for the amount that falls "short" of the amount you still owe. The deficiency is guaranteed to be waived by the servicer.
  • In a HAFA short sale, your mortgage company works with you to determine an acceptable sale price.
  • HAFA has a less negative effect on your credit score than foreclosure or conventional short sales.
  • When you close, HAFA provides $3,000 in relocation assistance.



 

Please feel free to give me a call at 703.635.0388 for a private and confidential consultation to determine if a short sale is the best alternative for your family. It's better to engage a professional to negotiate with your lender than to just walk away.

Click for your local Property Search or request a Market Analysis for your home! Or contact me for any additional questions or information.

Lisa Moroniak, SFR | REALTOR® | Service360°
Short Sale and Foreclosure Certified
Keller Williams Realty

Phone: 703-635-0388
Fax: 703-679-7101
Lisa@lisamoroniak.com | http://www.LisaMoroniak.com
Licensed in VA

Success Happens When the Client Comes First!

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