It could take several weeks to close a short sale, so it's important to act quickly and let us handle all the negotiations with the bank so that the foreclosure can be avoided.
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. After you decide which path is best for your personal situation, the team of specialists at Stop Foreclosure in San Diego, will help you complete the process. 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 contract with attorneys who do thousands of loan modifications and so they are experts in the process, handling your paperwork fast. 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
You may think that there is no hope because you owe more on your loan than your property is worth, but that is not correct. With a short sale, we will still be able to buy the property with cash. We stay in business doing short sales because we first work with your bank to modify the loan's balance. And whether or not we engage in a short sale or a loan modification, the amount of your loan balance is irrelevant.
Loss Mitigation
By taking a proactive approach to dealing with your foreclosure situation, you will be mitigating the long-term losses. 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 want to list your property with a real estate agent thinking and hoping that a buyer will make an offer and close escrow fast. 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 find a qualified buyer, you take the risk that the buy will actually qualify, that they won't lose their job during escrow or find another house that they like better. 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.
In short, the foreclosure is going to happen, but you can mitigate your losses by making a strategic decision with regard to short sales 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!
