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What is a "Short Sale"?
In brief, a "short sale" is when lenders agree to take less than the total amount owed. Lenders are simply not in the real estate business, so a property in foreclosure is very costly to them.

Generally, during a sales transaction there is sufficient money to cover the seller's closing costs (commission, title charges, escrow fees, etc.) and to payoff any existing loans and/or liens of record - the owner owes less than what the house is worth, therefore generating a gain minus closing costs.

In a short sale, the opposite occurs, since the owner is "upside down" the bank covers the closing costs.

Lenders are willing to work with you if you have a legimate hardship. They understand circumstances that might lead to your personal financial state.

Do You Qualify?

• Do you have difficulty in meeting your monthly expenses?
• Do you not have enough money in the bank to cover the difference of what you could sell your house for and what you owe the bank?
• If you answered yes to either above, then you may qualify.

The Benefits of A Short Sale

• Your home gets sold and the mortgage is fully paid off. The mortgage lender accepts a discounted payoff.
• You have no out-of-pocket costs as the mortgage holder pays virtually all sales costs including title and escrow, commission, and approved property repairs.
• Your credit record is protected from a foreclosure.

The Short Sale Process - Streamlined
We have streamlined the short sale process from:

• Paperwork
• Negotiating techniques
• Lender contact information

From the moment we get your listing, we get the ball rolling! We know the urgency of your situation!

We Have an Edge Against our Competitors By:

• Staying ahead of San Diego's real estate market trends
• And in turn, educating our clients
• We keep your best interest in mind