Search ALL short sales below with these easy quick links. Once you have the results you can refine your search by price, bedrooms, bathrooms or any other criteria you like:

                        Fairfax County * Loudoun County * Arlington County * Alexandria City * Prince William County

Other Northern Virginia Counties:

* Clarke County Short Sales * Culpeper County Short Sales * Falls Church City Short Sales * Fauquier County Short Sales

Frederick County Short Sales * Fredericksburg County Short Sales *  Manassas County Short Sales * Manassas Park Short Sales

Orange County Short Sales * Page County Short Sales  *  Rappahannock County Short Sales * Spotsylvania County Short Sales *

                                              * Stafford County Short Sales * Winchester City Short Sales

Short Sales vs Foreclosures:

 

Unlike in a foreclosure, the bank does not own the property in a short sale. Because the bank must approve the sale (because it is the lender, not the seller, who will be taking a loss on the property) it will seem like the buyer is purchasing the property from the bank. The buyer and seller do prepare a contract between them, but that contract is conditional upon approval by the seller’s noteholder. This is called “3rd party approval”.

Short sales are a waiting game:

They can be much more time-consuming and patience-testing than foreclosure transactions. Banks are notorious for taking as long as several months to respond to short sale offers. We recommend that you give include a deadline for short sale approval by the noteholder -  if the bank has not approved your offer within a certain timeframe, you can void the contract. This is just one of many strategies and conditions that are important to include in any short sale transaction.