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.
One popular way to stop foreclosure in San Diego County and throughout the country is to negotiate a loan modification, but that process needs to begin quickly. You can also avoid a bank sale by selling your property fast. Whichever method you choose, the real estate professionals at Stop Foreclosure in San Diego can walk you through the process. These two paths are explained in more detail here:
Loan Modification Service
We are a loan modification company specializing in modification of real estate loan interest, principal, and payments. Our loan modifications are handled by attorneys who specialize in fast and efficient service because they have performed thousands of these transactions...that's their job. These attorneys also fully comply with California Law SB94, which means that you will not be charged up front for any service rendered by them.
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 can still buy the property for cash through a "short sale." We can do this because the first step in the short sale process is to renegotiate the principal balance with your bank. And because these two methods are both profitable for us, you don't have to worry about how much you owe because we work with all loan balances.
Loss Mitigation
By following one of these two paths, you will be engaging in loss mitigation. Even though your loan defaults will show up on your credit report, you can prevent a foreclosure from appearing and staying on your history for up to seven years. When you prevent a foreclosure, the banks also mitigate their losses, which means that they save time in reselling the home and they save money because it costs money to own your home and to try to resell it in the marketplace.
You might be tempted to list your house with a realtor believing that a buyer will make an offer and close escrow before the foreclosure finalizes. 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. If you are able to enter into a sales contract, there is still a chance that the buyer will not qualify or will back out of the sale for any number of reasons. But our team of specialists will work with you regardless of whether or not your property is listed. 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!
