It is important to take some kind of action because short sales can take six months or less to finalize, but keep in mind that we will handle all the negotiations to avoid the final foreclosure sale.
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. These two paths are explained in more detail here:
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 only work with attorneys who do loan modifications for a living and so they are experts in handling the paperwork fast and efficiently. In keeping with California Law SB94, these attorneys will not charge for any fees associated with your loan modification until the service is rendered.
Sell Your Home Fast with a Short Sale
Maybe you have almost no equity in your property or perhaps the balance on the loan is more than what the property is worth, known as an upside-down loan. By doing something known as a "short sale" you will receive cash for the sale of your property. 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
When you prevent a foreclosure from finalizing with one of these methods, you are doing what professionals call "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. The banks like to work with us because they save money in the long run by not keeping the house and putting it on the market for sale, thus mitigating their own long-term losses.
You might be hoping that you can sell your house before the foreclosure date if you list your home with a real estate agent. But in reality, it can take many, many weeks to receive a qualified offer and it can take many more weeks to close the sale. If the buyer cannot qualify or finds another home to buy, they will cancel the deal and you have to list your home all over again, if there's still time to do it. But even if you are under a listing contract with a broker, we will still negotiate a short sale or loan modification for you. 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.
So, if you live in San Diego and are in foreclosure, there is a way to mitigate your losses through our short sale and loan modifications services.
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!
