Chesapeake Short Sales

A short sale is when a homeowner owes more on their home than what he/she can sell it for.  They try to get the bank to "shorten" their loan, so they can sell it without going into foreclosure.  The seller has to demonstrate to their lender a need to sell and no other alternative but a short sale.  Buyers need to be aware that purchasing a short sale can be a lengthy process.  Often times lenders will not start the short sale process until an offer is submitted to the seller.  This can result in the buyer waiting more than a month on an answer on whether the lender will grant a short sale.  No two short sales are the same and are very unpredictable.  As a buyer you may be able to purchase a home at a discounted price but prepared to wait.

 

Don't hesitate to text, call or email me with any question on the below homes for sale or to schedule a showing.  If you are thinking of selling I would be happy to provide you with a free no obligation market analysis.

Robin Gauthier, (757) 739-7754, RobinSoldMyHome@gmail.com

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Properties in South Virginia MLS matching Counties: Chesapeake City, Listing Types: shortsale

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Please Note: All information provided is deemed reliable but is not guaranteed and should be independently verified. The property information provided on NextHome Tidewater Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. NextHome Tidewater Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
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Last Updated 12/15/2017 at 4:09pm - Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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