San Diego Short Sale - Short Pay Assistance
What is a Real Estate Short Sale?
A short sale is when you owe your mortgage lender more on your loan than your home is currently worth and you ask the mortgage bank to allow you to sell your home and forgive the difference. The reason that a mortgage bank would agree to a short sale is to avoid foreclosing on your home and the high costs associated with foreclosure.
How Does A Short Sale Benefit You?
By selling your home with a short sale, you are settling your debt with the bank and avoiding foreclosure, which will ruin your credit for up to 10 years! It doesn't cost you anything to sell because the bank pays your closing costs and real estate commissions from the money they get for the sale of your home. If you foreclose...Read more about Short Sales.
Still Have Questions?
Every situation is unique, it's even possible for you to save your home. To learn more, or to find out what options you have available to you, give us a call now. We are experienced real estate experts that are dedicated to helping our neighbors. There is no cost or obligation for speaking with us and your information will always remain strictly confidential. Call now, we can be reached directly at 858.777.9858 or by filling out the form below.
on your home, it is possible that you will have to pay taxes on the difference of what you paid and what the bank can sell it for. They look at the money they lost as income to you! By selling your home fast using an expert short sale realtor, you sell your home fast and let them do the negotiating on your behalf. You avoid harrasing calls asking for money and you get walk away from your house with little or no penalties because of the new Mortgage Forgiveness Debt Relief Act available to Californians. A professional short sale agent can also refer you to someone to help you repair your credit in as little as 6 months, giving you the opportunity to purchase another home.
What Options Do You Have To Stop Foreclosure?
Due to current market conditions in San Diego county, you may have found yourself in a tough position if can no longer afford the payments on your home. Or possibly you are already facing foreclosure and need it to stop. This could have been caused by a loss in income, reduction of income or possibly the interest rate on your loan is adjusting or already has. If this sounds like your situation, you're not alone. Fortunately, there are several options available to you, including saving your home and avoid losing it to foreclosure.