San Diego Short Sale – Ready to List? –
If you are upside down on your home and behind on payments, doing a short sale could be an option for you.
What is a short sale?
A short sale is a real estate transaction in which the proceeds from the sale do not cover the balance owed on a loan or loans on the property. A short sale is simply a lender taking a loss to avoid bigger costs and the homeowner avoiding foreclosure.
Reasons for having to sell property as a short sale
Quite simply “Life Happens.” Here are some of the common reasons why homeowners are faced with selling their home “upside down.”
1. Change in employment – Unemployment
2. Business Failure
3. Payment Increase or Adjustment
4. Divorce or Death of a Spouse
7. Reduced Income
8. Mortgage Fraud
9. Predatory Lending
We are here to hold your hand and guide you through this difficult time in your life. If you are currently struggling to hold on to your home, please contact us for a FREE confidential consultation as soon as possible.
Lorraine Santirosa is a San Diego Realtor that specializes in short sales. Call 619-248-5484