Greater Charlottesville Short Sale Market Report | October 2011

Greater Charlottesville Short Sale Market Report Update on Short Sale Homes For Sale October 2011 There are currently 79 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.6% of all Greater Charlottesville Homes For Sale.  They range in price from $83,000 for a 874 square foot, 2 bedroom, 1 bath cottage on 8.13 acres […]

Charlottesville Area Short Sale Market Report | September 2011

Charlottesville Area Short Sale Market Report Update on Short Sale Homes For Sale September 2011 There are currently 95 Charlottesville Area Short Sale properties for sale. Short sale listings make up 4% of all Charlottesville Area Homes For Sale.  They range in price from $79,000 for a 1,450 square foot, 4 bedroom, 4 bath condo […]

Charlottesville Short Sale Buyers | Don’t Forget to Change Your Locks!

Charlottesville Short Sale Buyers: Change Your Locks! Have you just purchased a Charlottesville short sale? When purchasing a home, there’s simply no way of knowing if you have received all of the keys to your new home at settlement. After settlement, the first thing you should do is change or re-key the locks. While you’re at it, […]

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. […]

What is a Charlottesville Short Sale?

A Charlottesville short sale is when a seller owes more on their home than what they can sell it for in today’s real estate market. The seller must negotiate with their lender(s) to accept a payoff less than the balance due on their mortgage(s). The seller still owns the home in a Charlottesville short sale […]