Short Sale vs. Foreclosure

Short Sale vs. Foreclosure

There’s a lot of confusion in the media on whether a short sale is truly better for a homeowner than a foreclosure. To find the answers, let’s take a closer look at Short Sale vs. Foreclosure.   Short Sale vs. Foreclosure   Let’s establish Five Criteria for Comparison of Short Sale vs. Foreclosure: The ability…

What is HAFA?

What is HAFA?

  What In the World Is HAFA?   Have you heard about HAFA? It seems like everyone who’s talking about real estate today is talking about HAFA. But what is it? First, let’s lay some ground work. Right now, more than 1 in 7 mortgages is currently not being paid. So, take your neighborhood, your…

What is a Short Sale?

What is a Short Sale?

  What is a Short Sale?   In certain qualified cases, where a homeowner owes more on their home than it’s worth today, a lender may allow that homeowner to sell that property for less than the mortgage balance and accept a short sale. A short sale allows the homeowner to sell their home to…

San Diego Real Estate Short Sale

Case Study – Jim P. San Diego Short Sale Home Seller The Challenge Jim completed a loan modification on his San Diego home in the area of North Park hoping that this would make his payments more manageable, but when his San Diego business slowed down it made making his monthly mortgage payments unbearable. The…