How a Short Sale Affects Credit A short sale has become the most popular option among homeowners who are upside down or in other words owe more on their mortgage than the home is worth. A short sale means that you sell your property for less than what you owe and in turn the bank or lender
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
San Diego house prices climbed in July when compared to the same month a year earlier, the first such annual increase since January 2011, a key house price index said Tuesday. Analysts said the increase in the respected Standard & Poor’s Case-Shiller Home Price Index was the latest signal that the local housing market is returning to
Check out this information and reference documents from the GMAC WEBSITE about a GMAC Short Sale: Selling your home is one solution when there is long-term difficulty making the payments. Unfortunately, property values can decline, causing a difference between the current market value and what is owed on the loan. The investor may accept less
1. Refinance Option: With this option, you receive a completely new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and may lower your payment, which may be helpful to improve your financial hardship. 2. Modification Option: This is an option that may allow you to reach
Coming soon to a neighborhood near you: A late-summer wave of short sales, as homeowners, mortgage bankers and potential buyers all race to settlement on bargain-priced homes that are worth less than the mortgages written on them. “We’re seeing a rush already,” said Daren Blomquist of Realtytrac, a firm that monitors real estate foreclosures and