Short Sale Blog

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  Can I Short Sale if I am Current on my Mortgage?

  Yes. A short sale proceeds just like any other home sale, with one exception: the seller needs approval from the bank holding the mortgage to complete the transaction. Sellers who are underwater, because they…more

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  Foreclosures down, short sales up. Are banks getting smart?

  The number of foreclosures in April fell to their lowest level since 2007 – and one reason is that lenders are getting smart. Instead of foreclosing on people, a costly and lengthy process, they’re…more

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  Bank of America offers up to $30k to Short Sale

  Bank of America has just announced a limited time offer of $2,500 to $30,000 in relocation assistance for qualified homeowners who initiate a short sale to avoid a foreclosure. In addition the applicant will…more

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  Latest changes to the Bank of America short sale process

  When processing short sales, it’s important to know about how each of the lending institutions handles loss mitigation and paperwork processing. If you have done a few short sales in Equator with different lenders,…more

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  Tax Effects of Foreclosures and Short Sales

  The subprime mortgage crash of 2008 created a landslide of foreclosures and short sales which could persist for many years. A whole new industry in short sales has sprung up. All this has left…more

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  3 Important Reasons to Consider a Short Sale

  Short sales, where owners sell their houses for less than they owe, can offer underwater borrowers an alternative to foreclosure. Equally important, they can give financially troubled homeowners a fresh start. Critics say that…more

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  REAL ESTATE: Short sales pose risks to lenders

  As a last ditch effort to avoid foreclosing on delinquent homeowners, the lending industry is turning to the short sale, a once rare tool that allows a homeowner, with the consent of his lender,…more

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  New Mission Valley Condos for Sale

  Mission Valley is a wide river valley trending east-west in San Diego, California, through which the San Diego River flows to the Pacific Ocean. For planning purposes it is divided into two neighborhoods: Mission…more

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  Short Sales: Necessary Compromise or Scamming the System?

  I spent much of this week in Atlanta, which is currently one of the worst housing markets in the nation. Atlanta home prices are down 17% annually, according to the S&P/Case-Shiller Home Price Index,…more

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  Lenders to Respond Quickly to Short-Sale Offers

  Real estate short sales — ironically labeled considering how long the process takes — may speed up starting June 15. That’s when the two biggest mortgage backers in the U.S., Freddie Mac and Fannie…more

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  Number of strategic defaults rising

  About 20 percent of mortgages are now under water, and about 46 percent of bankers surveyed by FICO expect to see the volume of strategic defaults this year exceed 2011 levels. A strategic default…more

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  New Downtown San Diego Short Sale Listings

  Check out some of the new downtown San Diego short sale condo’s. You can also see some of the new Little Italy short sales for sale.          

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  Fannie Mae, Freddie Mac to adopt new short-sale rules

  Fannie Mae and Freddie Mac are adopting new guidelines to streamline the process for short sales, which most real estate observers expect will outpace foreclosures in the coming year. The guidelines, required by the…more