Our San Diego Short Sale clients wonder if the bank will make them pay something towards paying off the loans, while we process a short sale.
San Diego Real Estate Broker, Gary Kent explains that since California SB458, banks are no longer allowed to require the seller to pay something towards their San Diego short sale.
Also, the bank cannot make them sign a note for the balance or carry it forward as an open credit item.
The San Diego Short Sale process starts with your homes value in today’s San Diego real estate market. Gary Kent has a new free tool to help home owners, visit http://www.ShortOrStaySanDiego.com In a few minutes we will calculate how long it will take you to get “above water” on your home.
Gary Kent is a licensed California Real Estate Broker in San Diego, not an attorney or tax expert and encourages you to seek proper advice on legal and tax reasons.
San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.
San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.
by Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and Google+.
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