Another Wells Fargo Short Sale--SOLD!

By
Real Estate Agent with Long & Foster REALTORS®, Gainesville, VA VA License # 0225089470

This Wells Fargo Short Sale hit the market on January 29, 2011 for $147,500.  It was a one loan, FHA Short Sale. 

After a price reduction to $135,000 on February 28th, this Wells Fargo Short Sale found its next owners.   The contract was written on March 1st and was submitted to Wells Fargo for Short Sale Approval right away.  In this case, Short Sale Approval came on April 27th.  It ieven offered the Sellers a financial incentive for conducting the Short Sale.

On June 10th, this Wells Fargo Short Sale made it to settlement.  The home sold for $137,000.  The Buyers even got $5,575 in closing cost help.  And of course, it is always a good thing when you help a Seller avoid foreclosure.

If you are having financial difficulty with your mortgage and want to investigate the option of Short Sale, give me a call.  I've been listing and selling Short Sales since 2007 and have the experience needed to get the job done.

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net

 

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Topic:
ActiveRain Community
Location:
Virginia Prince William County
Groups:
ActiveRain Rockstars
Bartender, Make it a Double
Diary of a Realtor
Short Sale REALTORS®
Short Sales Specialists
Tags:
wells fargo short sales
wells fargo short sale agent in northern virginia

Comments 13 New Comment

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Rainmaker
543,975
Wayne Johnson
San Antonio REALTOR, San Antonio Homes For Sale
Coldwell Banker D'Ann Harper REALTORS®

Chris-It's great when a plan comes together. Hope this helps the Sellers get back on their feet. I know they took a credit hit but at least it's not a foreclsure.

June 10, 2011 05:27 PM
Rainmaker
980,819
Nick T Pappas
Madison & Huntsville Alabama Real Estate Resource
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL

Chris Ann, four months isn't as long as some and I'm sure the buyer got a great deal on the house.  Congrats on the sale in the Bristow Virginia area.

June 10, 2011 05:32 PM
Ambassador
1,807,099
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
Integrity Real Estate Group

Congratulations on another successful short sale closing.  For those who continue to say they never get to closing need to be paying attention to your success. 

June 10, 2011 05:33 PM
Ambassador
1,645,690
Richard Weisser
Richard Weisser Coweta Newnan Homes for Sale
Better Homes and Gardens Real Estate Metro Brokers

Chris Ann...

Another great job ... short sales can be a challenge but with a little determination they can happen!

June 10, 2011 06:00 PM
Rainmaker
589,438
Jim Hale
On the Move for You! - Eugene - Springfield Oregon Real Estate
ACTIONAGENTS.NET

Chris Ann -

Always great news.  Good for you...and your client.

June 10, 2011 06:40 PM
Rainmaker
1,229,008
Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

Chris Ann - Congrats!!!  This is a win win for all parties, I bet the sellers are soooo happy.

June 10, 2011 08:43 PM
Ambassador
1,876,882
Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Wayne:  Avoiding foreclosure is a win for these Sellers. 

Nick:  This was a bit further out than Bristow.  Sale happened in Front Royal. 

Cindy:  I don't mind if other agents think Short Sales are difficult and not worth the effort.  I know better.

Richard:  Organization helps too.

Jim:   Getting one in the sold column is good.  Getting a Short Sale in the sold column is that much sweeter.

Michelle:  They are relieved, that's for sure.

June 10, 2011 09:49 PM
Rainmaker
1,052,267
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Chris Ann, you do Gainesville VA short sales well and share the good fortune you bring to sellers finally..i too smile when north kingstown realtors tell me they won't do short sales...

June 11, 2011 07:55 AM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Ginny:  Let them stand on the sidelines.  Just furthers our businesses.

June 11, 2011 10:39 AM
Rainmaker
714,035
Jackie Connelly-Fornuff
Century 21 AA Lindenhurst NY
Long Island NY Real Estate Agent

Hi Chris Ann, I'm so glad to see this short sale home sold! You always get them sold Chris Ann!

June 12, 2011 05:07 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Jackie:  Not always, but I can get the Short Sales approved most of the time.  What the Sellers decide to do from there is up to them.

June 12, 2011 05:22 PM
Rainmaker
117,447
Anne Clark
Metro Referrals

Congratulations on getting this short sale to the settlement table.  You don't usually go out to Front Royal, so these sellers are really lucky to have worked with you.

September 13, 2011 02:26 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Anne:  You're right.  I don't normally travel that far for a listing.  But this being a Short Sale, I made an exception.

September 13, 2011 04:59 PM
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Chris Ann Cleland

Associate Broker, Northern VA
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