Short sale time ticking awayHere we are, just about half way through 2012. For some home sellers that means opportunity. The spring selling season is in full swing and summer is just around the corner. For others it signifies the sands of time dropping away day by day as we near the deadline of the federal tax protections on forgiven debt (Mortgage Debt Relief Act of 2007).

In a previous post I blogged about the average time it takes to market, list and sell a home through short sale. If you were to lay that time table over the remaining months of 2012 you would quickly see that we are at the tipping point.

Recently, the government’s Making Home Affordable programs were extended through the end of 2013. This is great news for those that qualify for a modification or refinance or even a short sale through the government’s HAFA program. However, after 2012 where does that leave everyone else that doesn’t qualify for one of these programs?

Holding a huge liability, that’s where.

If you are a homeowner that needs out of their home but you don’t know all of your options, please call and talk with a trusted real estate professional. In California, of the 2 million homeowner’s that lost their homes to foreclosure in 2011 only a third of them reached out to a professional for help.

Please don’t be a statistic. Ask for help and guidance early to access the most options available to you.

Valarie Swanson
REALTOR®
DRE #01803552

Century 21 Award


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Post is included in group: Short Sales in So Cal
Post is included in group: San Diego Real Estate Q and A
Post is included in group: Divorce and Real Estate
Post is included in group: Century 21 Active Rainers
Post is included in group: Sharing Information of Short Sales

4 Comments on 2012 the Year of the Short Sale

MAY
26
1,211,110 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Valarie - funny you sound like it is a great thing, while in reality every year of short sales, or modifications is an extension of the crisis, which we would not even have now, should we not be doing this at all. The foreclosures would run out and the market would rebound new and strong.

But we love pain and suffering and are prolonging them for political gains of our government
11:08pm • #1
882,314 Points 10 Featured Posts Attended Rain Camp Called Shot Master

Valerie, this year, I think, the expectations are less number of short sales - and hope so, too.
11:39pm • #2
MAY
27
176,303 Points 5 Featured Posts Outside Blog

"Ask for help and guidance early to access the most options available to you."  Isn't this always so true?  Especially from the internet and Youtube, I get a number of calls from folks AFTER they've done irreparable harm to some part of their borrowing profile.  You just wish they'd reached out a bit sooner, gotten informed of their options and trusted someone to help.
7:35am • #3
2 Featured Posts

Jon, happy? No. I would rather not be in this mess at all, but here we are. I am glad that there is help available to those that need it. Unfortunately, many people who are legitimately in need and qualify for this help aren't getting it. The numbers of people who use these programs are dismally low in my opinion. I don't believe cutting off assistance programs like these and the tax protections are the answer to the problem.

Praful, I'm in San Diego, California and short sales are still very prevalent here.

Rob, this is true of many things, isn't it? Financial difficulties cause extreme emotions. And emotions are difficult to deal with, especially when there isn't one obvious person or profession to turn to.
10:01am • #4


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Valarie Swanson, San Diego real estate

San Diego, CA

More about me…

Century 21 Award

Address: 3202 Governor Dr, Ste 100, San Diego, CA, 92122

Office Phone: (858) 450-2100

Cell Phone: (858) 531-7929

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If it's happening in San Diego then I'm probably writing about it. And, if it's happening in real estate you can bet I am. My blog is focused on helping people learn about the process of buying and selling real estate and everything that goes along with it including the emotional up's and down's. Every once in a while I will also spotlight neighborhoods like Clairemont, Bay Park and Point Loma that I love to work in (because I'm lucky enough to live here). I'm a San Diego native, so I love to share this great city with others who appreciate it as much as I do and want own a piece of heaven right here on Earth in San Diego.


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