Do you live in the Escondido Country Club area? This is a wonderful area of Escondido with such great proximity to golf courses, shopping and the freeways. It is so convenient and easily accessible for workers and families alike.
Sadly, however this area has taken quite a hit with regard to property values. Over the past 24 months, the Escondido Country Club area has seen a decline. While many individuals who reside there are long time residents, there are some who have seen their property values decline so greatly that they now owe more to their mortgage lender than their property is worth.
Below you will see a graph which shows the unfortunate decline in property values in 92026:
If you owe more than you property is worth and you need to sell, you have probably heard about the short sale transaction. And . . . you may need to you're your Escondido Country Club home in a short sale. Perhaps you have read about the difficulty of completing the transaction . . . or perhaps you have heard some negative comments about the tax implications.
While you should always consult with an attorney or an accountant before making an important decision about what is best for your situation, know that you have options.
Currently short sales are easier to complete than ever before-particularly if you work with a Realtor® who has experience negotiating short sales and dealing with the banks. Many lending institutions and governmental agencies have created new programs that will benefit those sellers who need to participate in a short sale.
While this can be a very stressful time, a qualified Realtor® can really help to alleviate the stress. Don't know how to select a qualified Realtor®? I can help. Feel free to contact me or . . .