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Short Sale Debt Could Follow You (And Often Does in VA)

If you are considering selling your home as a short sale, and are choosing a short sale instead of a bank foreclosure, you should make sure to read this Washington Post article about short sale debt.

It is very important to know that the debt from a short sale may follow you.  Since we are still early in the history of short sales, we haven’t seen how too many of these will play out, but there is a high likelihood that creditors will come back around to slowly collect the loss over time, so that you end up paying off the short sale debt eventually.  This is one ramification that will occur during a short sale, but that you will not experience if you go into bank foreclosure and then declare bankruptcy.

If you are considering any of these items, you should immediately contact your Realtor, and your tax advisor and/or CPA.

http://www.washingtonpost.com/wp-dyn/content/article/2009/09/24/AR2009092405361.html


Posted on October 4, 2009 Leave a Comment

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    ✨ When you work with Josh, you’re getting more than just a skilled negotiator — you’re getting a trusted advocate who’s focused on protecting your bottom line and making the smartest financial moves possible.

Lauren S. said it best:

“Josh built complete trust with us… and was focused on making sure we didn’t leave any money on the table during the negotiation process.”

That kind of advocacy doesn’t happen by accident — it comes from deep expertise, constant communication, and a genuine commitment to doing what’s best for the client at every step. At Story House, we believe your real estate decisions should be guided by someone who cares about the outcome just as much as you do. Josh embodies that — and it’s why his business has continued to grow organically almost entirely through repeat and referral clients.

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    COMING SOON | 🏠 1411 Chesapeake Street Charlottesville VA 22902 | MLS #666885 | $546,000 | 🛏️ 5 bed 🛁 4 full| 🎉 

Welcome to 1411 Chesapeake Street, a unique opportunity in the heart of Charlottesville! Whether you're an investor or a homeowner with a knack for DIY, this property offers incredible potential. Situated with road frontage on Chesapeake and Short 18th Street, this home boasts a prime city location. The main level features 3 bedrooms and 2 full baths, leading to a spacious attached workshop—perfect for storage, hobbies, or even a small business. But that’s not all. 

The property includes two basement apartments that, with a little TLC, could become excellent income-generating units. Imagine the possibilities: live upstairs while renting out the lower units, or transform the entire property into a lucrative investment. Don’t miss this chance to create something truly special.

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    COMING SOON | 🏠 40 E Jack Jouett Road Louisa VA 23093 | MLS #666881 | $500,000 | 🛏️ 3 bed 🛁 2 full/1 half | 🎉 OPEN HOUSE Sunday, July 20th from 11 AM - 1 PM!

This thoughtfully renovated home offers modern comfort in a quiet Louisa County setting—perfectly positioned for an easy commute to bothCharlottesville and Richmond. Inside, you’ll find beautiful hardwood floors throughout and a stylishly updated kitchen with sleek finishes, ample storage, and room together. The spacious primary suite features double vanities and a walk-in closet, while a flexible main-level room easily serves as a 4th bedroom, home office, or home gym. And for pet lovers—the entire property is fully fenced, front and back!

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    Jul 11

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    🚨 Welcome to REAL, Ryan! 🚨 

Please help me give a warm welcome to @ryanburksrealtor, one of the newest additions to our REAL family!

Ryan is a seasoned agent in Waynesboro, VA, with a background in homebuilding and a true heart for helping people navigate their real estate journey. We first connected at a conference years ago, and since then, Ryan’s been a familiar face—showing up to classes, webinars, and implementing what he’s learned. 🙌🏼

When he reached out recently for mentorship and alignment with REAL, I was deeply honored. It’s agents like Ryan—committed, community-driven, and collaborative—who are helping us grow something really special in the Shenandoah Valley and beyond.

✨ Stay tuned as we announce even more incredible agents joining our REAL crew this month!

Curious why so many top agents are making the move to @realbrokerage?
Wondering if now is the time to align with a modern brokerage model that actually works for you?

📩 DM me—I’d love to share more.

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    JUST LISTED | 🏠 824 Nassau Street Charlottesville VA 22902 | MLS #666775 | $299,000 | 🛏️ 4 bed 🛁 2 full bath | 🎉 OPEN HOUSE Saturday, July 12th from 11 AM - 1 PM!

This 4-bedroom, 2-bath attached home offers an open main level with a spacious kitchen and living area that’s perfect for entertaining. A convenient first-floor bedroom adds flexibility for guests, a home office, or multi-generational living. 

Upstairs, you'll find three additional bedrooms, a full bathroom, and a laundry room— 2 bedrooms have been freshly painted! Whether you’re looking to walk to your favorite Belmont restaurants or grab a quick coffee downtown, this location can’t
be beat. 

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