Short Sale My La Mesa home

Real Estate Agent with HomeSmart Realty West Cal BRE#01427412
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 a short sale? Due to the complexities of doing a short sale the process can typically take anywhere from 3-6 months. It's not uncommon for some short sales to take less or more time to close.

Can I stay in my home while I"m doing a short sale?  Yes you can.

Will I receive money from doing a short sale?  A seller is not allowed to financially benefit from completing a short sale. However, the lender can offer what's know as "cash for keys" which is a small compensation to the homeowner for moving costs.

How do I learn more about a short sale or to find out if it's the right option for me? Contact my office by completing the form below or giving us a call at 619-200-3633.

Let us help you get your life back!

Find out what your home is worth

Lorraine Santirosa is a short sale specialist with Keller Williams Realty San Diego Metro.   619-200-3633.

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
California San Diego County La Mesa
short sale specialists
Posts to Localism
la mesa short sale
short sale my la mesa home
what is my la mesa home worth
what is a short sale
short sale specialist

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Lorraine Santirosa

#1 San Diego Military Relocation Expert!
Ask me a question

Additional Information