Northern Virginia Short Sales

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Short Sales in Northern Virginia

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
Price, High to Low
206 Properties Found.
Photo of Listing #VAFX1085002
  • MLS® #: VAFX1085002
  • 10835 Patowmack Dr
  • GREAT FALLS, VA 22066
  • $1,800,000
  • 5 Bed, 6 Bath, 10516 SqFt, 2.62 Acres
  • Residential
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Photo of Listing #VAFX1082054
  • MLS® #: VAFX1082054
  • 1610 Fielding Lewis Way
  • MCLEAN, VA 22101
  • $1,349,000
  • 5 Bed, 4½ Bath, 4709 SqFt, 0.45 Acres
  • Residential
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Photo of Listing #VALO396696
  • MLS® #: VALO396696
  • 43552 Tuckaway Pl
  • LEESBURG, VA 20176
  • $1,200,000
  • 5 Bed, 6 Bath, 7696 SqFt, 0.23 Acres
  • Residential
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Photo of Listing #VAFX1108606
  • MLS® #: VAFX1108606
  • 7600 Kincheloe Rd
  • CLIFTON, VA 20124
  • $999,900
  • 5 Bed, 5½ Bath, 7411 SqFt, 5 Acres
  • Residential
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Photo of Listing #VAFX1118608
  • MLS® #: VAFX1118608
  • 9417 Atwood Rd
  • VIENNA, VA 22182
  • $925,000
  • 4 Bed, 3½ Bath, 3028 SqFt, 0.92 Acres
  • Residential
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Photo of Listing #VALO268154
  • MLS® #: VALO268154
  • 40278 Warren Glen Ln
  • LEESBURG, VA 20175
  • $924,900
  • 7 Bed, 7½ Bath, 9180 SqFt, 1.18 Acres
  • Residential
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Photo of Listing #VAFX1096736
  • MLS® #: VAFX1096736
  • 4001 Guinea Rd
  • ANNANDALE, VA 22003
  • $890,000
  • 4 Bed, 2½ Bath, 3252 SqFt, 0.83 Acres
  • Residential
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Photo of Listing #VAFX1110158
  • MLS® #: VAFX1110158
  • 5136 James Franklin Ct
  • ALEXANDRIA, VA 22309
  • $869,900
  • 6 Bed, 4½ Bath, 4382 SqFt, 0.47 Acres
  • Residential
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Photo of Listing #VAFX1084538
  • MLS® #: VAFX1084538
  • 6501 Hanover Heights Trl
  • CLIFTON, VA 20124
  • $800,000
  • 6 Bed, 4½ Bath, 3761 SqFt, 6.42 Acres
  • Residential
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Photo of Listing #VAST214494
  • MLS® #: VAST214494
  • 100 Falling Creek Dr
  • STAFFORD, VA 22554
  • $799,900
  • 7 Bed, 6½ Bath, 6392 SqFt, 3.02 Acres
  • Residential
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Photo of Listing #VAFX1103304
  • MLS® #: VAFX1103304
  • 6221 Jean Louise Way
  • ALEXANDRIA, VA 22310
  • $799,900
  • 5 Bed, 4½ Bath, 5275 SqFt, 0.34 Acres
  • Residential
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Photo of Listing #VAFX1103958
  • MLS® #: VAFX1103958
  • 4853 Muddler Way
  • FAIRFAX, VA 22030
  • $775,000
  • 4 Bed, 4½ Bath, 3592 SqFt, 0.2 Acres
  • Residential
Add as Favorite

When homeowners are struggling and know that they'll soon face foreclosure, they may try what's known as a short sale. A short sale occurs when a home is sold for less than the amount still owed on the mortgage.

Foreclosures  Investing Short Sale Homes for Sale - 3Short sales can be quite beneficial to all parties because banks don't want foreclosed properties on their books, homeowners don't want the black mark of foreclosure on their credit score, and buyers are always looking for a deal. If a bank approves the short sale, the owners may be able to have all their real estate debt wiped out, giving them a fresh start. Lenders are able to offload property without the hassle and expense of going through the foreclosure process, and because the homeowners are actively trying to sell the house, they're far more likely to take care of the home properly, which is great news for the buyers.

Foreclosures  Investing Short Sale Homes for Sale - 4The problem with short sales is that they are time consuming and require cooperation from the banks. The process can take months, and in the end, the lender may reject the offer completely. Banks want to recoup as much of their money as possible, so if they believe they can get more for the house through foreclosure, they will reject the short sale proposal. For buyers, this means that there's a lengthy waiting period and no guarantee that the deal will be approved. If the buyer is able to wait however, a short sale could be their best option for getting an excellent deal on a house.

For sellers considering a short sale, it's imperative that you contact a REALTOR® who is well-versed in Northern Virginia short sales. She can guide you through the maze of steps and paperwork, and get you one step closer to a successful sale.

If you're in the market to buy a bank owned home or short sale, see our Northern Virginia foreclosure listings.

Short Sale Information for Sellers: Documents Required

Foreclosures  Investing Short Sale Homes for Sale - 5There are several components needed for your short sale application. As soon as you have an experienced agent on your team, compose a Letter of Authorization to give to the bank. This document will give your lender and agent permission to discuss details of your financial situation. You will also need to complete a Comparative Market Analysis early on. This will help you correctly price your house, in addition to showing the bank how much your property can reasonably fetch on the open market.

You will need to provide your lender with tax returns for the last two years, your last two bank statements and pay stubs, as well as a detailed financial statement. Also needed in your application is the purchase agreement you have with the buyer.

Foreclosures  Investing Short Sale Homes for Sale - 1Aside from the hard numbers, you will also need to give your bank what's known as a hardship letter. This is where you detail your financial situation, and explain why you're no longer able to make your mortgage payments. This letter is your opportunity to explain your situation and convey the seriousness of it. Be forthcoming, and don't worry about modesty—if a short sale is your only hope, get that message across in your letter.

If you'd like to sell your home via a short sale, contact Northern Virginia REALTOR®, Carolyn Capalbo for expert advice. You can also get a free Market Snapshot of your home at

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The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Long and Foster Real Estate, Inc. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2020.

Listing information last updated on April 8th, 2020 at 1:03am EDT.