Upside Down On Your Mortgage In San Diego

Are you currently underwater or upside down on your mortgage in San Diego? Are you unable to make or have you stopped making your mortgage payments? Is the payment on your interest only mortgage payment about to skyrocket? How about that hybrid fixed/arm coming due?  Several very favorable rules that are set to expire within the next six months mark a pivotal reason to highly consider sellering your home in a short sale today. 

If you are in a pre-foreclosure status (more than 30 days late on your mortgage), do not qualify for a loan modification, or have a failed loan modification, or any of the above scenarios we need to talk! The statistics for loan modifications are staggering. While they appear to occur more frequently of late, statistics show that loan mods are not working for the majority of homeowners.  This is why many banks are looking to facilitate and are offering incentives to a homeowner to short sell their home.  Some of these cash rebates are up to $45,000.  I can help you with the discovery of your eligibility. Call, text or email me to get the process started.

There are currently a number of programs that counter negative consequences such as SB 458, anti deficiency, and tax ramifications, the Mortgage Forgiveness Debt Relief Act of 2007. These are due to no longer be available at the end of 2012, and it is unknown/unlikely at this time whether they will be extended.

With an almost record low level in number of homes for sale, the San Diego Real Estate market is experiencing a seller’s market. What this potentially means for you is that with low inventory the days required to market a property has drastically reduced and this means fewer days required for you having visitors through your home with the property in show home like condition.  Perhaps you are no longer as upside down on your mortgage as you once were and have options that you might not have been able to pursue just 6 months ago.  It's time to check in with me!

Does the thought of moving out of your neighborhood seem overwhelming to you? There is a very good chance that I can find you a home to rent nearby and in the neighborhood you love if that is your desire. I have at my fingertips referrals to services that can help facilitate this process with you.

Visit these pages to obtain  more information on short sales, or what your home is worth or a market insider report to check out your neighborhood in San Diego.

For a complimentary, no obligation consultation on your options regarding being upside down on your mortgage please call, text or email me today!