Short sales do take from six weeks to six months to finalize, but we negotiate with the bank to prevent the foreclosure from happening before the sale takes place, and we do all the paperwork, too.
One way to avoid foreclosure in San Diego County is to modify your real estate loan, but you need to take action fast. Or you can sell you home fast. Once you have decided which route you want to take, the representatives at Stop Foreclosure in San Diego can help you with whichever decision works best for your family and your financial future. Specifically, these paths are as follows:
Loan Modification Service
If you want to keep your home, we are a San Diego loan modification company that specializes in negotiating the interest, balance, and payments of real estate loans. We have strong relationships with attorneys who specialize in handling the many details of negotiating loans with banks, so your loan modification is handled efficiently. To fulfill the new California Law SB94, the attorneys we work with do not charge for the loan modification service until the process is complete.
Sell Your Home Fast with a Short Sale
You might be "upside down" on your loan meaning that your home is worth less than the balance on the loan, but that's okay with us. We will work with your situation through a process known as "short sale" and pay cash for your property. But first, we will negotiate the loan balance with your loan holder. And whether or not we engage in a short sale or a loan modification, the amount of your loan balance is irrelevant.
Loss Mitigation
When you avoid foreclosure with a short sale or loan modification, you are mitigating long term losses. Your credit history won't reflect a foreclosure, which lasts for up to seven years. When you stop a foreclosure, the banks reduce their losses because they don't have to take back ownership of your home or go through the hassles of selling it.
You might want to list your property with a realtor and hope that someone buys your home before the bank takes back the property, but that rarely happens in a market where buyers have lots of homes to choose from and can take their time in looking for property. In fact, it can take several weeks to several months just to get a reasonable offer and then it can take another several weeks to close escrow. Even if you do enter into escrow quickly, it's always possible that the buyer will not qualify or maybe they will just get cold feet and drop out of the sale, which happens every day in the world of real estate transactions. But we will still work with you even if your property is represented by a real estate agent. Time is of the essence because it can take up to six months for a short sale to close, so give us a call and let us answer your questions.
To wrap up this report, just remember that if you are in foreclosure, there is hope for mitigating your losses either through a short sale or a loan modification.
Remember that if you need to stop foreclosure fast in San Diego, CA or anywhere in San Diego County, California, StopForeclosureSanDiegoCA.com is your best resource. If you want to keep your home, or sell it fast, simply visit StopForeclosureSanDiegoCA.com and claim your special report!
