Category Archives: Short Sale

Short Sale question and answers for buyers and sellers.

How Can I Take Over A House Payment?

Posted on February 7, 2012 by admin

There are a couple of things you should do before buying the home in San Diego. First, check to see if if you qualify for a loan, and what type you’d qualify for. Next, find out if your friend has an assumable loan. Continue reading →

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What does contigency on a short sale mean? And, how do I know if the property tax is paid?

Posted on February 6, 2012 by admin

What does contigency on a short sale mean? And, how do I know if the property tax is paid? Continue reading →

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What Is A Notice of Default

Posted on January 20, 2012 by admin

The initial notice of default letter is recorded in the office of the county recorder when the borrower does not meet the terms of the loan. Continue reading →

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When Should We Begin Working On The Short Sale Together?

Posted on January 18, 2012 by admin

we would like to begin working on your Short Sale as soon as you recognize that you are unable to keep up with your payments and will be falling 30+ days behind. Continue reading →

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[Video] I’m Behind On My Payments, How Long Until The Bank Forecloses On My Home

Posted on January 17, 2012 by admin

[Video] Most notes give the bank the right to file the foreclosure notice or the notice of default as soon as you are 30 days behind on your mortgage. Continue reading →

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I’m Behind On My Payments, How Long Until The Bank Forecloses On My Home

Posted on January 17, 2012 by admin

Most notes give the bank the right to file the foreclosure notice or the notice of default as soon as you are 30 days behind on your mortgage. Continue reading →

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A Real Estate Agent I know Said Short Sales Rarely Close And Banks Do Not Approve Them

Posted on January 13, 2012 by admin

Most real estate agents are not educated on how to successfully close a Short Sale transaction. Continue reading →

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[Video] A Real Estate Agent I know Said Short Sales Rarely Close And Banks Do Not Approve Them

Posted on January 13, 2012 by admin

[Video] Most real estate agents are not educated on how to successfully close a Short Sale transaction. Continue reading →

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[Video] Can The Bank Sue For The Difference Between What I Owe And What The Home Sells For?

Posted on January 12, 2012 by admin

[Video] Can The Bank Sue For The Difference Between What I Owe And What The Home Sells For? Continue reading →

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Can The Bank Sue Me Or Place A Judgment Against Me For The Difference Between What I Owe And What The Home Sells For?

Posted on January 12, 2012 by admin

In some states, such as Arizona, most people refer to as a “Non-Judgment Deficiency” state. Continue reading →

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Why Would A Bank Agree To A Short Sale?

Posted on January 10, 2012 by admin

It is much more cost effective for a bank to do a Short Sale rather than Foreclose on a home in San Diego. Continue reading →

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Are there any credit consequences to a Short Sale?

Posted on January 9, 2012 by admin

In a short sale, banks have the right to report late payments after 30 days. Statement will say the account was “paid in full for less than the full amount.” Continue reading →

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Are There Any Tax Consequences To A Short Sale?

Posted on January 6, 2012 by admin

If you do a Short Sale you will receive a 1099 from your bank. This 1099 will be called a “1099-C.” The thing that most people don’t know or don’t tell you is that with a Foreclosure, you will also get a 1099. In the case of a Foreclosure the 1099 is called a “1099-A.” Continue reading →

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What If I Don’t Have Money To Pay The San Diego Realtor Commissions?

Posted on January 5, 2012 by admin

As the seller typically will not have to pay a San Diego real estate agents commissions. The commission is usually negotiated with the bank as part of the transaction. Continue reading →

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How long does it take to do a Short Sale?

Posted on January 4, 2012 by admin

The first stage requires working with you as the homeowner to get all of the required documentation that your bank will require us to send them. This stage shouldn’t take longer than a couple of days. Continue reading →

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Do you work with all banks?

Posted on January 3, 2012 by admin

We currently work with all banks. Each bank may have it’s own short sell process and documentation, but generally it’s the same steps. Continue reading →

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How do I select the right team to successfully manage and negotiate my Short Sale?

Posted on December 31, 2011 by admin

Before hiring any San Diego real estate agent to help you in a Short Sale in San Diego, make sure they are qualified and competent to completing the work that is required to see you through the short sale process. Continue reading →

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Do I Qualify For A Short Sale?

Posted on December 30, 2011 by admin

A good Short Sale candidate is a homeowner who is behind on their mortgage payment and is unable to keep up with all of their monthly obligations. Continue reading →

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Is a short sale a foreclosure?

Posted on December 29, 2011 by admin

A short sale IS NOT a foreclosure. In a short sale situation, the home owner typically owes more on the loan that what the home is actually worth. Continue reading →

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San Diego Short Sale Expert Helps Military Members Before Foreclosure?

Posted on December 28, 2011 by admin

Contact a good Short Sale Expert in San Diego who is up-to-speed with the short sale process. In some cases, an extension can be filed to prolong the San Diego short sale listing. Continue reading →

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What to do when purchasing a short sale home?

Posted on December 24, 2011 by admin

My wife and I would like to purchase a short sale home in San Diego that has a good price and is in a great area. Everyone is pushing us to stay away from short sales and foreclosures. This is a home that we want to live in. Any advice to make this a smooth transaction? Continue reading →

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Does anyone want to sell me a house in San Diego for a decent price?

Posted on December 23, 2011 by admin

Patience is the key to finding a well-priced home that meets your needs, regardless if it is a pre-foreclosure, short sale or traditional sale. Continue reading →

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Can a Bank Foreclose On My House With An Accepted Offer?

Posted on December 21, 2011 by admin

Isn’t there some type of rule that was approved either country wide or perhaps in CA that the bank won’t be able to foreclose if you have an offer available? Continue reading →

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