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 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. Another way to prevent foreclosure is to quickly sell your property. After making this very personal financial decision, the team at Stop Foreclosure in San Diego can answer your questions and handle the process from start to finish. What are these services about?
Loan Modification Service
We are known as a loss mitigation company because we help foreclosed homeowners prevent further losses by lowing their loan balance, interest, and/or payments. 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
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. Before contracting the sale, we first renegotiate the balance of the loan with the bank. And it doesn't matter to us what your loan balance is, so don't worry about that.
Loss Mitigation
When you prevent a foreclosure from finalizing with one of these methods, you are doing what professionals call "loss mitigation." One loss you don't have to incur is the negative effects of having a foreclosure listed on your credit report for 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. 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 whether or not your property is listed by an agent, our staff is still willing and able to negotiate a short sale or loan modification. 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.
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!
