Military and San Diego Short Sales

Real Estate Agent with HomeSmart Realty West Cal BRE#01427412

Military and San Diego Short Sales - If you're active duty military and facing foreclosure on your San Diego home there are options. A short sale is when you're able to sell your home for less than what is owed on the property. In other words, the bank or lien holders agrees to settle for less than the mortgaged amount. A short sale is a better option than foreclosure due to credit score negative impact and tax liability. 


Attached brown and tan colored homes, trees, paved road, pick up truck, blue sky                                   asian man holding red and white sold sign


For military members in San Diego there's an even better option than a short sale if you're upside down on your home. There's an excellent program called the US Government Housing Assistance Program or HAP. For those members of the military that qualify, the Government will either come in with a check at closing to pay off the balanced owed on the home or buy back the home then simultaneously resell the home to a buyer. A major difference with the HAP benefit is that no approval is required from the lien holder or bank and the process is far less stressful than a normal short sale.  

The military homeowner must not be delinquent on payments and have reassignment orders to a permanent duty station of at least a 50 mile radius from member's previous homeport. Here are some of the other key eligibility requirements of the program:

1) Property was the primary residence of the owner

2) Owner has not previously received these benefit payments

3) Property purchased (or contract to purchase signed) before July 1, 2006

4) Permanent resassignment to a new duty station or home port outside a 50 mile radius of the member's former duty station or home port

5) Reassignment ordered between Februrary 1, 2006 and September 30, 2010

6) Must have a decline of at least a 10% home value loss from the date of purchase to date of sale

                                                       red and white keller williams for sale sign

Lorraine Santirosa is a San Diego real estate agent that helps members of the Armed Forces permanently reassigned during the mortgage crisis and facing foreclosure. Lorraine can be reached at 619-248-5484 or


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Show All Comments
Graham Ginsberg
Sun Realty - Naples, FL
Naples Florida Real Estate Specialist
Good post and best of luck to you.
Nov 12, 2010 08:33 AM #1
Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

This is very informative..



Dec 29, 2010 01:48 AM #2
Lorraine Santirosa
HomeSmart Realty West - San Diego, CA
#1 San Diego Military Relocation Expert!

Thanks Ginger and Graham.

Dec 29, 2010 04:17 PM #3
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Lorraine,

Thanks for the post.

I have a couple in this situation. They do not fit all the criteria you mentioned. But it is good to know what is out there


Jan 11, 2012 10:11 PM #4
Lorraine Santirosa
HomeSmart Realty West - San Diego, CA
#1 San Diego Military Relocation Expert!


There are many military families that don't qualify for the HAP and experience hardship as a result. It would be wonderful if the HAP Benefit could be extended and widened to help more military families. However, due to the cost  and the economy such benefits were good while they lasted. 

It's going to take dedicated agents like yourself to help guide the military families as they receive orders and have to move.

Jan 12, 2012 03:59 PM #5
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Lorraine Santirosa

#1 San Diego Military Relocation Expert!
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