Family Fresh Start Short Sale Success
Like many San Diego homeowners, who purchased their homes during the height of the real estate market between 2005-2010, Brett found himself in the situation of owing more on his house than it was worth. A five year loan was about to become due with an interest only payment of over $3,000 per month. As a contractor in the current San Diego economy, his income had lowered substantially. He was struggling with the monthly mortgage payment and didn’t know what to do. Brett was receiving many mailings and phone calls. He responded to our www.FamilyFreshStart.com mailing. He had many questions and chose to schedule an Initial Clarity Consultation (IC) appointment with Kim.
During the IC, Brett shared his situation with Kim and got the answers that he needed. He chose to list the property for sale and allow the Horizon Real Estate team to help him through the complicated short sale process. Kim assisted Brett with gathering all the documentation and completing all the forms to submit to the lender, ING. The property was placed on the Sandicor Multiple Listing Service priced $449,000. Within a week several offers were received. Kim negotiated the offers for Brett and submitted the best offer to the lender. The short sale process with ING began December 21, 2012.
After months of Horizon Real Estate negotiating with ING, the property was sold, as-is, for $445,000. Brett has moved to his new home and no longer is burdened by a mortgage payment that he cannot afford.