Short Sales in Oceanside

Short Sales in Oceanside

Short sales in Oceanside are becoming more and more common. Many homeowners in Oceanside, California are finding themselves unable to make their mortgage payments while also being "upside down". Do you need to sell your Oceanside home right now?

If you owe more to the lender than your home is worth and you do need to sell right now, then you will be participating in a transaction called a short sale. In a short sale, a qualified Realtor® can help you to list your home for sale, obtain a qualified buyer, and negotiate with your mortgage lender or lenders in order to forgive any outstanding debt after the sale has been completed.

Short sales in Oceanside can occur when the seller has a hardship and is unable to continue making mortgage payments. Hardships can include job loss or decrease of income, illness, divorce, death of a family member among others. Short sales in Oceanside can also occur when a borrowers has applied and been denied a loan modification by the mortgage lender.

The government now has a program in place to help homeowners with their short sales. This program, called the HAFA Program, will help sellers to complete their short sales in Oceanside. If the mortgage lender is participating in the program, the seller may be able to receive a financial incentive for participating in the short sale.

If you live in Oceanside and surrounding areas (Vista, Carlsbad, Encinitas or San Marcos) and are having trouble making your mortgage payments, know that you have options. One of those options is the short sale.