Six Reasons to Short Sale
Short sale transactions are a common method for buying and selling homes in San Diego County. For sellers in particular, a short sale could bring you the financial freedom you need to move forward in life. Here are six reasons why these San Diego short sale experts believe a short sale can help many home owners.
Many homeowners are underwater by no fault of their own
- A short sale allows you to start fresh without any damage to your credit. A short sale gives you peace of mind.
- Once your existing mortgage lender agrees to a short sale, you no longer have to worry about the fact that your house is undervalued, or priced less than what you paid. In a short sale, the bank takes the proceeds from the sale and writes off the amount remaining on your mortgage.
- If you are facing a financial hardship due to a job loss, illness, or family issues, a short sale allows you to alleviate some of that financial stress.
- Once the lender agrees to a short sale, the buyer negotiates the purchase price directly with the lender’s loss mitigation department. The lender handles most all of the paperwork, which means you don’t have to hassle with too much of the process, and what is required of you can be managed by our team San Diego short sale experts.
- Save time and your pride. Don’t go through a lengthy, and sometimes embarrassing, foreclosure.
If you do not have any 60+ day late fees on your home mortgage, Fannie Mae will still provide you a loan allowing you to purchase a new home sooner rather than later. Next time, you’ll be in a better position to make your payments and San Diego Short Sales ASAP can help you prepare.
Contact us to learn more about San Diego short sale and our San Diego short sale experts.
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