VHDA Short Sale Specialist Helps Former First Time Buyers Avoid Foreclosure - Alexandria, VA

April 10, 2012 - PRLog -- Tamara Inzunza of McEnearney Associates, Inc. Realtors in Alexandria, Virginia is a short sale listing agent experienced with helping former first-time homebuyers avoid foreclosure by pursuing a VHDA Short Sale.

Alexandria, VA - April 10, 2012 - "Many of these homeowners were first-time homebuyers taking advantage of the VHDA loan to achieve the dream of homeownership.  Economic conditions have affected this segment of homeowners as well.  Even though all VHDA homeowners were required to attend an 8-hour class on homeownership, circumstances and life-changing events can make it difficult to make mortgage payments, " noted Tamara Inzunza of McEnenarney Associates, Inc. Realtors.

During the real estate boom, the Northern Virginia real estate market saw a high level of condominium conversions, and many first-time homebuyers were well qualified, but increasing condo fees and taxes have made the monthly housing expense no longer affordable.  A Certified Distressed Property Expert (CDPE) and Certified Default Resolution Specialist (CDRS), Inzunza pointed out that the thought of foreclosure can be overwhelming, and has developed a report entitled, "Need A Helping Hand?"  This report can be accessed from http://www.MyPrivateShortSale.com.

"From a first-time homebuyer, to foreclosure, it can be a deflating reality that can overwhelm anyone.  When your income has not increased enough to keep up with rising taxes and condo fees, there is help.  The representatives at  VHDA are responsive and proactive in offering workout alternatives to VHDA homeowners.  With the options that are available, there's no reason for any homeowner to choose foreclosure and suffer the damaging affects on their credit, and face the possiblity of it affecting future employment.  A short sale is dignified solution and keeps the homeowner in control of their financial future," Inzunza said.

With a short sale, the current market value of the home is less than the total amount that is owed on the mortgage, this means the homeowner is 'upside down'.  "Today, lenders, including VHDA would rather cooperate with a short sale than to foreclose.  One of the reasons why I like working with VHDA is that they are Virginia-based, and you maintain one point of contact throughout the entire process.  The representatives are located in Richmond, and are a quick phone call or email away, and return messages within the same business day, often within minutes.  With a short sale, our goal is to minimize the effect on the borrower's credit, and the days count.  VHDA is usually able to render a decision on a short sale approval within 30-45 days," explained Inzunza.

Real estate agents who are experienced with short sales and who have received the training and designations such as Certified Distressed Property Expert (CDPE) and Certified Default Resolution Specialist (CDRS) have the ability to serve the homeowners needs, identify foreclosure alternatives, and negotiate directly with lenders for the terms of the short sale approval.  CDPE agents are required to complete two days of intensive training, and are held to a high standard of expertise, efficiency, and ethics.  Inzunza is also a member of the Short Sale Specialists Network.

For more information about Northern Virignia Short Sales, visit www.MyPrivateShortSale.com.

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Specializing in Alexandria VA real estate. Luxury homes, distressed sales and pre-foreclosures. Helping people buy and sell in Old Town, Del Ray, Kingstowne, Manchester Lakes, serving Alexandria City, Arlington County, Fairfax County.