Road to sale proves rocky near Ivy
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Originally listed by a one-time Congressional candidate at $1,495,000, this house in the Rocks subdivision off Dick Woods Road spent over 1,100 days on the market. Following several reductions, the property was eventually offered for $995,000 and traded as a short sale at $808,000, according to the listing agent.Samantha Masone
Albemarle
6/15/12
William A. Dawson to Dawn Dirks, 5840 Westhall Drive, $255,000
John & Ann Mytinger to Hunter C. & Mikael B. Chorey, 2804 Brookmere Road, $260,000
Southern Property LLC to Roger Giordano & Bernadette Lyons-Giordano, 2287 Whittington Drive, $273,840
Sarah P. Hendley Trust, Sarah P. Hendley, Trustee to John H. Birdall, III, Trustee & Mary Scott Blake Birdsall, Trustee, 9.01 Acres, TM 42-40H2, $310,000
Nancy C. King, Trustee, to Michael B. McGowan, 6.14 Acres, TM 64M2, $322,900
March Mountain Properties I LLC to Sarah C. Sykes, 264 Claremont Lane,$372,756
Nicholas & Lisa Procter to Vishal Madaan & Gitanjali Khurana, 2068 Aviano Way, $490,000
Robert J. & Elaine R. Kroner to Paul W. Henderson & Maria Tor, 2211 Croydon Road, $615,000
Jonathan A. & Shelley L. Matthews to Richard D. & Lori McWilliams, 1760 Monet Hill, $625,000
GRSW Stewart Real Estate Trust to Thomas & Laura Steenburgh, 2746 Owensfield Court, $820,000
Rodney F. Beckwith, Trustee to Dennis T. Yang & Sally W. Liu, 3156 Prestwick Place, $1,000,000
6/18/12
Virgie Blackwell Estate to Michael R. Shifflett, 5037 Fox Mountain Road, $70,000
William E. & Barbara L. Brant to Bret M. & Amanda S. Bitler, 755 Montei Drive, $70,000
Octopus Property LLC to Guillaume Aubert, 310 Riverbend Drive, Unit 3D, $122,200
Virginia L. & Gregory L. Marshall to John A. & Jackie G. Binder, 1265 Peach Tree Drive, $124,000
Manning Properties, Inc. to Kelly Ann Sulick, 3588 Airport Acres Road, $160,500
Andrea Palmer to Federal National Mortgage Association, 986 Sutton Court, $165,964
Christopher L. & Catherine L. Williamson to Federal National Mortgage Association, 322 Brentwood Road, $206,642
Stein Kretsinger to Brian K. & Jennifer T. Armstrong, 1968 Dudley Mountain Road, $220,000
Sterling L. Robertson, II to Federal National Mortgage Association, 4273 Burton Road, $309,202
Jayne F. McConnell, Trustee to David C. & Joanna R. MacDonald, 2987 Earlysville Road, $594,000
Laurence P. Verga to Sam Hostler, 3515 Rocks Mill Lane, $760,000
6/20/12
Dennis T. & Helen E. Destrempes to Gary A. Herndon, 4578 Burnley Station Road, $130,000
NVR, Inc. to Walter Smith, Jr., 1862 Verona Drive, $226,905
Jo Anne M. Hale to Michael M. & Dawn M. Davis, 2422 Huntington Road, $230,000
NVR, Inc. to Kathryn P. Christian, 1856 Verona Drive, $240,305
Ryan W. & Amy B. Quinn to Justin J. & Danielle M. Hopkins, 106 Lancaster Court, $352,000
Piedmont Realty & Construction LLC to Jessica L. Vollmer, 6094 Rothwell Lane, $474,744
Franklin A. & Marybeth Cerrone, Trustees to David E. & Jennifer D. Jones, 770 Clacton Circle, $495,000
William Christopher Winter to Michael W. Henderson & Shannon D. Huntzberry, 3593 Garth Road, $573,000
Erik T. & Corinne A. Hord to Keith M. & Emily Kobyra, 1330 Breckenridge Court, $573,000
Mark A. & Joanne F. Cochran to Aleksander E. & Carleen Kupcis, 2050 Catlin Road, $695,000
6/21/12
Southern Property LLC to Andrea M. Yancey, 1714 Painted Sky Terrace, $226,000
Ardner-Dalton, Inc. to Xitao Fan & Wei Li, 3325 Turnberry Circle, $249,000
Gaffney/MM LLC to Joseph & Kathleen Amalfitano, 7031 Hampstead Drive, $254,500
Patrick J. & Linda M. Gage to John C. & Tracey V. Hill, 9211 Critzers Shop Road, $320,000
Kathryn C. Wright & Mary G. Caperton to Edith L. Hawthorne, Trustee & David E. Hawthorne, Jr., Trustee, 1458 Bremerton Lane, $470,000
Beights Properties II LLC to Craig Enterprises, Inc. 634, 636, 638 Baywick Circle, $480,000
Craig Enterprises, Inc. to Beverly Diane Harner, 644 Baywick Circle, $730,818
Griffin W. Fernandez to Spencer & Jaye Lambert, 2230 Owensville Road, $782,500
Diane J. Carr to Bonnie J. Deatley, 43 Canterbury Road, $1,100,000
6/22/12
Octopus Property LLC to Esin Karadenizili & Ali Erhan Ucer, 320 Riverbend Drive, Unit 4A, $120,000
5 comments
Could someone explain what this means ? " traded as a short sale " Is that a bankruptcy or foreclosure ?
It means it was sold for less than the original mortgage owed. The shortfall is then either absorbed by the bank OR the sellers make the difference up themselves with cash OR they negotiate a loan which is paid back to the bank over time.
It is less of an assault on your credit record than a foreclosure, but painful nonetheless. I would hate to be paying a monthly 'loan' payment on a house I no longer own.It all depends on how much you value your credit score.
Foreclosure is a negative on a credit record but I fail to see the logic of such a negative. The mortgagee is merely forfeiting the collateral as provided for, and agreed to, in the contract.
It is an option to be exercised. It is chosen in lieu of payment. It doesn`t necessarily mean the borrower is insolvent.
No axe to grind here - merely an opinion.
Don't be fooled by that low price in that neighborhood. The people that owned the house gutted it and raped it---the entire kitchen was gone, all appliances gone, even faucets and crown molding taken. They were in a huge financial mess and fled to OR. Heck, they even left their car in the driveway. New owner needs to dump a ton of money into that place. Probably will strip it to the studs.
What happened to former congressional candidate Laurence Verga?