Foreclosure Help – Chula Vista, CA

Foreclosure help – Chula Vista, CA – Looking to avoid foreclosure? Struggling to pay the mortgage? Want to get from under mortgage debt?  A short sale could be an option for you and there’s a big reason why you should consider it.

Here’s a bit of good news if you’re reading this blog and haven’t heard any in a while regarding the real estate market. The San Diego housing market has a shortage of listings. That’s right, there aren’t enough homes on the market for sale right now to meet the demands of buyers looking in Chula Vista.

So, if you’re like many Chula Vista home owners struggling to hold on to your home either because of job loss, job relocation, divorce, interest rate adjustment or death of a family member, doing a short sale might be a good option.

A short sale is a negotiated settlement whereby the lien holder accepts less than what is owed on the outstanding mortgage loan.


How a short sale works? – A real estate agent would list the home and submit an accepted offer to the lender for approval. The real estate agent works on behalf of the seller to reach a negotiated settlement.  Once the terms of the settlement have been agreed upon with an approval both buyer and seller would resolve to complete the escrow process and close the transaction.

How long does it take to complete a short sale? Due to the complexities of doing a short sale the process can typically take anywhere from 3-6 months. It’s not uncommon for some short sales to take less or more time to close.

Can I stay in my home while I”m doing a short sale?  Yes you can.

Will I receive money from doing a short sale?  A seller is not allowed to financially benefit from completing a short sale. However, the lender can offer what’s known as “cash for keys” which is a small compensation to the homeowner for moving costs.

How do I learn more about a short sale or to find out if it’s the right option for me? Contact my office by completing the form below or giving us a call at 619-248-5484.

Let us help you get your life back!

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