Short Sale

Getting Out from Underwater – New Year’s Resolution

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Everyone makes New Year’s Resolutions—lose 5 pounds, go to the gym three times a week, work harder, spend more time with family, etc. This year, it seems that many homeowners may want to add another New Year’s Resolution to the list: getting out of my underwater property. (That is, homeowners who owe more on their [...]

January 4, 2012 CONTINUE READING THIS POST →

The Cost of a Short Sale

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Here’s a question that people are always curious about: How much does it cost to do a short sale? Well, the answer is two-fold. If you are wondering how much commission you will be required to pay in a short sale transaction, the answer is ‘zero.’ Here’s why: In a short sale transaction, the seller [...]

December 28, 2011 CONTINUE READING THIS POST →

Short Sale Anti-Deficiency Law Explained

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Just the other day, a former short sale seller from another part of California contacted our office because she had questions about Senate Bill 458 and the anti-deficiency regulations for those short sale sellers that participated in a short sale prior to July 15, 2011. Senate Bill 458 protects short sale sellers (borrowers) because it [...]

November 16, 2011 CONTINUE READING THIS POST →

Buying a Short Sale in Escondido

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Our office recently obtained short sale approval on a home in Escondido (two loans with the two big lenders) and closed the transaction a few days ago. This was a fairly easy short sale to process. It took approximately 8 weeks to obtain both approval letters, and then the buyer was given 45 days to [...]

October 20, 2011 CONTINUE READING THIS POST →

Escondido Short Sale Seller Needs to Price It Right

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I recently met up with a prospective Escondido short sale seller who bought his lovely home five years ago and put down a hefty down payment. His heart is broken. His $200,000 down payment is gone—unless he waits for the market to turn so that he can regain the lost equity in his home. Unfortunately, [...]

October 17, 2011 CONTINUE READING THIS POST →

Short Sales in the Escondido County Club

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If you currently reside in the Escondido Country Club or other parts of Escondido and want or need to sell your home right now, it’s possible may need to sell your home as a short sale. A short sale occurs when you are “upside down” on your mortgage–when you owe more on your loan then [...]

September 15, 2011 CONTINUE READING THIS POST →

Solutions for San Diego and Riverside County Distressed Borrowers

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Attention Distressed Borrowers in North San Diego County! If you live in Escondido, San Marcos, Vista, Oceanside and beyond and you are having trouble making ends meet, it is important to face facts and know your options. The data doesn’t lie. Right now there are many residents of North San Diego County who might be [...]

September 1, 2011 CONTINUE READING THIS POST →

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