- Name
- San Diego Short Sales, Orange County Short Sales
- Company
- John McConnin, Esq
- E-mail
- Contact San Diego Short Sales, Orange County Short Sales (John McConnin, Esq)
- Website
- http://www.UpsideDownRealEstate.com
- Office Phone
- (760) 896-4663
- Address
- 2244 Faraday Ave., San Diego , CA
- Description
- San Diego Short Sales and information about California Short sales from California Real Estate Attorney and Real Estate Broker - John McConnin.
San Diego Short Sales and Loan Modfication
Short Sale San Diego
Short sale information
San Diego Real Estate Attorney
If you need information about pre foreclosure workouts including short sales you must speak with an attorney. Make sure you know what can go wrong with a short sale before you list your home.
Deed in Lieu of Foreclosure vs short sale
Sometimes a deed in lieu of foreclosure is a better option.
Deed in Lieu FAQ
Quick info of Deeds in lieu of foreclosure
California foreclosure info
Our original blog on foreclosure and short sales
Loan Modification
Upsidedownrealestate.com is a site where you can get loan modification information.
San Diego short sale, short sale California, San Diego Real Estate, San Diego Real Estate lawyer, Walk Away Plans, Loan Modification
Pre-foreclosure solutions including short sale for Alpine, Bonita, Camp Pendleton,
Cardiff by the Sea, Carlsbad, Chula Vista, Coronado, Del Mar, San Diego, El Cajon, Encinitas, Escondido, Imperial Beach, La Jolla, La Mesa, Lemon Grove, National City, Oceanside, Poway, Ramona, Rancho Bernardo, San Marcos, Santee, Solana Beach, Vista
As a California real estate attorney and Realtor John McConnin is one of the few Realtors who is licensed to discuss all of your options with you.
We have attorneys licensed in California and Florida and Colorado. We work with Realtors all over California and Florida. (If you are a professional Realtor and you would like to make sure your clients are well advised. Send us an email.) Before you go into default on your loans, you should crate a workout strategy. Please note - many if not most second loans in California are recourse loans. Please also note a short sale or even a loan modification agreement may turn a non recourse loan into a recourse loan. (short sales frequently do.)
John McConnin, Esq.
McConnin & Company Realty
San Diego Short Sales, oragne County Short Sales
California Foreclosure Attorney
All solutions should be crafted to minimize or eliminate the lenders ability to go after a homeowner's other assets. Only attorneys are allowed to counsel a homeowner on the Lenders ability to seek payment for a deficiency. A solution may really be no solution at all if a homeowner is at risk of losing their other assets to the bank or getting a large tax bill from the IRS for loan forgiveness.
Please keep the above risk in mind when considering the following solutions:
1 - Loan modification;
2. Pre-Foreclosure Workouts and Short Sales (Short Sales via MLS listings, or sales to investors depending on time frame);
3. Short payoff;
4. Deed in Lieu of Foreclosure;
5. Legal Remedies (loan analysis, predatory lending claims, lender liability, bankruptcy Chapter 7 or 13).
Depending on your situation we may approach your lender with more then one of these options. It can be very helpful to have an attorney present your short sale package to the lender(s). When a homeowner has more than one option at their disposal, a lender or bank may be less inclined to just ignore a homeowners offer of a short sale or short payoff.
short sales in San Diego
5 questions for your short sale advisor.
1. How many short sales has your team completed in the last 3 months.
2. Can you show me the approvals from you 5 most recent short sales.
3. Were the sellers released from the deficiency on both loans? (if there were two)
Does it explcitly say they are releasing liability for the remaining loan balance.
4. Is a release of lien or released of mortgage the same as a released from deficiency. (answers no most likely not)
5. Do you pay for me to seek the advice from an attorney regaring the approval letters.
