Charlottesville Short Sale Condo Sold! 1005 Weybridge Court #206

Charlottesville Short Sale Condo Approved and Closed! 1005 Weybridge Court #206 | Charlottesville, Virginia 22911 Just Sold! Allegra Williams with Keller Williams Realty just had another successful short sale closing with CharterBank and CitiMortgage. This 1 bedroom, 1 bath condominium in Albemarle County with 787 square feet of living space was placed on the market for […]

Mortgage Forgiveness Debt Relief Act Extended Through 2014!

Great News for Charlottesville Short Sale Sellers Mortgage Debt Relief Act Extended Through 2014! The Mortgage Forgiveness Debt Relief Act of 2007 was created in the aftermath of the housing crash. It allows certain taxpayers to exclude income from the discharge of debt on their primary residence. This includes debt that has been reduced through […]

Short Sale in Charlottesville Closed in 70 Days!

Short Sale in Charlottesville Approved and Closed! 405 Riverside Avenue | Charlottesville, Virginia 22902   Just Sold! Allegra Williams with Keller Williams Realty just had another successful short sale closing with Bank of America. This 3 bedroom, 2 bath townhome in the City of Charlottesville with 1,120 square feet of living space was placed on the […]

Charlottesville Short Sales: Mortgage Forgiveness Debt Relief Act Extended

Charlottesville Short Sales: Mortgage Forgiveness Debt Relief Act Extended The Mortgage Forgiveness Debt Relief Act has been extended another year unil January 1, 2014. For those unfamiliar with the Mortgage Forgiveness Debt Relief Act of 2007, it allows certain taxpayers to exclude income from the discharge of debt on their primary residence. This includes debt that has been […]

Charlottesville Short Sale Success Tip #2: Hire an Experienced Short Sale REALTOR®

Charlottesville Short Sale Success Tip #2: Hire an Experienced Short Sale REALTOR® So you’ve decided to list your Charlottesville home as a short sale. A short sale is not like a traditional real estate transaction. Any real estate agent can list a short sale. However, an ordinary REALTOR® is not going to have the specialized knowledge […]

Charlottesville Short Sale Agents | Emergency Homeowners Loan Program (EHLP)

Charlottesville Short Sale Agents | Emergency Homeowners Loan Program (EHLP) Are you in danger of losing your Charlottesville home to foreclosure? Piedmont Housing Alliance (PHA) has been approved to offer Charlottesville area homeowners facing foreclosure help through a brand new federal program, the Emergency Homeowners Loan Program (EHLP). EHLP is designed to provide emergency mortgage […]

Charlottesville Short Sale Success Tip #1: Contact Your Lender

Charlottesville Short Sale Success Tip #1: Contact Your Lender Communication with your lender is key to achieving a successful Charlottesville short sale. As soon as you start experiencing financial difficulties contact your lender. The worst thing you can do is to ignore the problem. The sooner you reach out for help the more assistance your lender […]

Charlottesville Short Sales | What’s an Acceptable Hardship?

Do you owe more on your Charlottesville home than what it’s worth in today’s real estate market? Unlike a traditional seller, a Charlottesville short sale seller must obtain approval from their lender(s) to accept a short sale. In most cases, a lender is going to require a demonstrable financial hardship to approve a short sale. […]