It can take up to six months to finalize a short sale, but we work with your bank to try to make sure the process is completed before the foreclosure takes place.
Like thousands of homeowners in San Diego County, you can prevent foreclosure with loan modifications, but they must start the process quickly. You can also avoid a bank sale by selling your property 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. These two paths are explained in more detail here:
Loan Modification Service
We are known as a loan modification company and so we are experts in negotiation with banks to lower the interest, payments, or balance of your real estate loan. We work with attorneys who have handled thousands of loan negotiations and know how to get your modification closed quickly. The attorneys we work with are fully aware of and compliant with California Law SB94, which makes it illegal for anyone to charge up front fees for a loan modification.
Sell Your Home Fast with a Short Sale
The market value of your property might be less than what you on the loan, but we can still work with that. By doing something known as a "short sale" you will receive cash for the sale of your property. Before making the sale, we negotiate the principal with your lender. And we will work with you regardless of the loan amount owing.
Loss Mitigation
With these services you will be mitigating your losses. One loss you don't have to incur is the negative effects of having a foreclosure listed on your credit report for seven years. The banks mitigate losses by avoiding the ownership and reselling of your home, processes that take a lot of time and money.
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. But in today's economy and real estate market, receiving an offer that meets your financial needs and then closing the escrow could take several weeks or months. 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. It can take up to six months to finalize a short sale, but we work with your bank to try to make sure the process is completed before the foreclosure takes place.
To recap, if you have received a notice of foreclosure in San Diego County, California, you can mitigate your losses with our services by either staying in your home with a loan modification or selling it fast through a short sale.
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!
