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Short Sale My La Mesa home
Short sale my La Mesa home near San Diego, CA - Here's a bit of good news if you're reading this blog and haven't had any in a while. The San Diego housing market has a shortage of listings. That's right, there aren't enough homes on the market for sale right now to meet the demands of buyers looking in La Mesa. So, if you're like many La Mesa home owners struggling to hold on to your home either because of job loss, job relocation, divorce, interest rate adjustment or death of a family member, doing a short sale might be a good option.   A short sale is a negotiated settlement whereby the lien holder accepts less than what is owed on the outstanding mortgage loan. How a short sale works? - A real estate agent would list the home and submit an accepted offer to the lender for approval. The real estate agent works on behalf of the seller to reach a negotiated settlement.  Once the terms of the settlement have been agreed upon with an approval both buyer and seller would resolve to complete the esrow process and close the transaction. How long does it take to complete ... more

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