Many people wonder why the bank would allow them to participate in a short sale transaction.Can anyone short sale their property? In all short sales, the bank must assure that the borrower qualifies for the transaction. Most mortgage lenders will allow a Short Sale...
Frequently Asked Questions about Short Sales Here are the answers to the most Frequently Asked Questions about Short Sales: 1. I can’t make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit...
Why Do a Short Sale? Many borrowers wonder, “Why bother with a short sale? Shouldn’t I just let my property go to foreclosure?” – In most cases, the answer is ‘no.’ A short sale is a much better alternative to foreclosure or a deed-in-lieu of foreclosure because a...
What Is a Short Sale? GENERAL INFORMATION Mortgage default is occurring in record numbers in San Diego County, particularly in Escondido, San Marcos, Vista, Oceanside, Carlsbad, Encinitas, Fallbrook, and Valley Center. A significant percentage of California borrowers...
Whether you have worked a short sale on your own or have been hearing that short sales are the way to go and don’t know how to get started, we are here to help you. Our office created the nationally recognized Short Sale Expeditor™ program which helps agents to close...
