Short sale Assistance for Military Homeowners in San Diego, CA – Not all homeowners in San Diego that need to short sale their homes have done so. While property values have increased over the last few years, some houses are still underwater.
For military families that have to move on Permanent Change of Station orders (PCS), selling a home as a shortsale could be the best option.
Other military homeowners have left their spouses behind while they move on to their new duty station because renting the property didn’t either make financial sense, property was upside down or wasn’t able get a suitable tenant.
Well, the government has made it easier for military families moving on orders to shortsale their homes. The Federal Housing Finance Agency (FHFA)on June 21, 2012 announced changes that would ease the burden of service members who had PCS orders to move and could still honor their financial commitment by having policies to improve the short sale process. Under this new policy, a service member who had a Fannie Mae or Freddie Mac loan and was current on their mortgage could do a shortsale if they were given orders to move. Also, Fannie Mae and Freddie Mac will not pursue deficiency judgements, promissory notes or cash if they purchased their home on or before June 30, 2012. Military service members must have their loans with either Fannie Mae or Freddie Mac to take advantage of the benefits outlined in this program.
How can San Diego Military Relocation experts help? We can evaluate your home and determine whether the property qualifies for a shortsale and do the necessary paperwork to start the process. We will also put the home on the market and find the appropriate buyer. The shortsale negotiation and closing will also be handled by us. Typically there is no fee to the seller.
What’s the next step? Give our office a call for a free consultation with a qualified and trusted agent who has experience with military shortsales at 619-248-5484. Our office has helped military families in all situations involving short sales and we are confident and passionate about assisting those that serve our country.
Need to find a home a your next duty station? Our office can help you find a home or put you in touch with a realtor who is apart of our relocation network. Call 619-248-5484.
About the author: Lorraine Sanitrosa is a former Navy spouse that specializes in helping military families buy and sell homes in San Diego, CA. She tirelessly advocates for veteran and military housing issues to help improve the real estate experience. Lorraine has already proven she can petition the Veterans Administration to change the VA appraisal guidelines to help military buyers meet their closing deadlines in the Phoenix region which includes San Diego. It’s important to work with a Realtor that has experience working with VA homebuyers and sellers.
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Want to schedule a showing to see homes listed for sale in San Diego? Would you like to schedule a FREE no obligation consultation with a veteran and active duty real estate professional, call 619-248-5484 or visit http://www.sandiegomilitaryrelocationexpert.com
According to the California Department of Veterans Affairs, San Diego County is home to approximately 265,000 veterans as of 2007.