By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
This short sale, located in the gated community of Piedmont, hit the market on April 15, 2009. It was under contract one day later and sold on June 30, 2009. There was only one loan through Wells Fargo. It was a very quick process. And the final sales price was $385,000, just $4,000 below the appraised value...$13,000 below list price. The sellers owed no additional money to the bank. The buyers got a GREAT HOUSE that others buyers may have avoided because of the necessary third party approval by Wells Fargo. It really does help the short sale approval process to have a listing agent who knows how to get your listing APPROVED and SOLD.