Short Sale

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 →

What Is a Short Sale?

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Attention homeowners! There is a lot of information in the media right now about the housing market, about the government’s policies and procedures for helping homeowners facing tough times, and about options available when you are having trouble making mortgage payments. In this short article, I will attempt to clarify one of the options available: a short [...]

July 28, 2011 CONTINUE READING THIS POST →

What Is Included in the Short Sale Package?

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If you are a seller who is interested in selling your home as a short sale, you must be prepared to provide some information to your mortgage lender in order for the lender to approve the short sale. Despite the fact that the information is not wrapped in a box, it is called the short [...]

July 25, 2011 CONTINUE READING THIS POST →

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