Misuse of the FHA Preforeclosure Sale Program may have cost the Department of Housing and Urban Development (HUD) over a billion dollars for claims that did not meet program according to an audit released this week by the HUD’s Region 7 Office of Inspector General (OIG). OIG initiated the audit after noticing significant deficiencies in borrower qualifications during an audit of program claims
About Short Sale San Diego Realty
Short Sale San Diego Realty is a Local Real Estate Company that specializes in Distressed Property Sales. Our team has successfully negotiated over 1500 short sales since established in 2006. We are licensed by the California Department of Real Estate and have a full time staff of real estate agents and short sale negotiators. Our proven system has allowed us to negotiate short sale approvals with almost every lender and loan servicing company. Our team holds professional designations that include PSC, CDPE, Platinum Equator Certified and Five Star Short Sale Certification.
Short Sale News
httpv://youtu.be/BuK0PHAhmS4 The year has just begun and already lenders are preparing to take back more homes than any year since the beginning of the housing meltdown in 2006. Roughly 5 Million homeowners are at least 2 months behind on their mortgage and according to industry experts that number is going to only increase. Many
The San Diego Real Estate Marketing Insider offered its observations on news that San Diego County has a dangerously-low inventory of available homes, and is seeing rising home prices as a result; REMI worries that this is bad news for the housing market, which is still recovering to full strength and could face a serious
Short sales, where owners sell their houses for less than they owe, can offer underwater borrowers an alternative to foreclosure. Equally important, they can give financially troubled homeowners a fresh start. Critics say that selling a home for less that it is worth can come with a steep price, including a lower credit score and
Question : I have an FHA loan that I need to short sell. Is there anything I need to know about before I start? Answer: Thank you for your question. Short sales that have an FHA loan are usually much different than a non-FHA short sale. To be clear, we’re talking about you, the seller, who has