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Short Sale News

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San Diego Real Estate: Home prices and optimism on the rise

Need more proof that local housing prices are firming? San Diego County home prices are up 0.8 percent from the same month a year ago, says the much-watched Case-Shiller Home Price Index on Tuesday. It’s the first year-over-year uptick the … Continue reading

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Removing short sale and foreclosure from credit report possible

Many homeowners assume once they have a short sale or foreclosure, it would be very difficult for them to own a home again, let alone get a good credit rating. Certified credit specialist Julie Macc says the moment any negative … Continue reading

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California Foreclosure Overhaul Signed Into Law

A major overhaul of foreclosure laws in the Golden State has been signed into law by Gov. Jerry Brown. Last week, California lawmakers passed the legislation that would provide homeowners with some of the nation’s strongest protections from foreclosure and … Continue reading

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Can I short sale if I am not at risk of foreclosure?

Q. Can I do a short sale even if I am not at risk of foreclosure? A. Yes. A short sale proceeds just like any other home sale, with one exception: the seller needs approval from the bank holding the … Continue reading

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Short Sales Exceed Foreclosures in US

Short sales of U.S. homes rose to a three-year high in the first quarter as banks agreed to let more borrowers unload property at a loss, putting the transactions on pace to surpass deals for foreclosures, RealtyTrac Inc. said. Sales … Continue reading

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Lender’s offering up to $35,000 to short sale.

Mortgage lenders are starting to allow more and more short sales from  homeowners what are unable to afford their mortgage payments. Some of these homeowners are even getting cash from their lender to complete a short sale. A short sale … Continue reading

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Realtor Association Sponsors Bill to Prevent Foreclosure

In another move to protect struggling California homeowners, the CALIFORNIA ASSOCIATION OF REALTORS(R) (C.A.R.), is sponsoring a bill so that homeowners who face losing their home and have negotiated a short sale in good faith with their lender or servicer … Continue reading

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Coming soon: Another wave of San Diego foreclosures

San Diego home sales surge in April. San Diego home prices rise in April. So said a recent story featured in the U-T business section. At first blush it sounds like the housing market in San Diego County is headed … Continue reading

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Seller motivation is key to short sale success

  Seller cooperation is key to the success of any short sale listing, so here are four ways to assess this, which is key to getting any short sale listing sold.       Short sale documentation Recently, I listened … Continue reading