San Diego Short Sales, Expert/Specialist Realtor

* Save Your Credit From Foreclosure! -Sell fast even if no equity   * All You Pay is the H.O.A.(If there isn't a Home Owner Assoc, you pay NOTHING!)  You do NOT pay: mortgage, property taxes, closing costs, termite repairs, commissions, etc.)   * Eliminate the entire debt forever. (without declaring bankruptcy)   * No IRS ordinary income tax on the shortfall.   Click Here to view Satisfied Client References

Why Do A Short Sale?

If you can't keep your home, a Short Sale is the best possible outcome for your credit:

• Bankruptcy is the worst.  DO NOT declare bankruptcy unless you have overwhelming non-house debt.
• Foreclosure is next worst credit blemish.  AVOID foreclosure.
• Deed-In-Lieu of Foreclosure is almost as bad as Foreclosure on your credit, and you'll have to pay an attorney up-front money and miss out on months of free housing.  That's a lose-lose scenario.
• Short Sale is best on your credit, plus you'll get months of free housing with zero ($0.00) up-front costs.

How Are We Better?

1) We do not charge any up-front fees.

2) If we can't get your Short Sale approved to save your credit, NO ONE could save your credit.  We are Short Sale experts.  They're 100% of our business.  We've developed sophisticated marketing systems and negotiating techniques to find the highest price buyer for your home and to get your lender to say 'yes' to this buyer.  This will save your credit from foreclosure.  We're not investors looking for a deal.  Your lender will probably say 'no' to an investor which will ruin your credit. 

3) We look out for YOU first.  Some will Short Sell your home to earn a commission not knowing (or caring) that it will cause you to incur a significant IRS tax debt.  Others will ignorantly tell you foreclosure is best when you absolutely should do a Short Sale to save your credit.  No one has the high level of knowledge we do regarding the complex deficiency judgment and income tax repercussions of Short Sales, foreclosures, and deeds-in-lieu of foreclosure.

What is a Short Sale?

A Short Sale is when a lender allows the sale of a home even though the net proceeds to the lender at close of escrow are less than that lender is owed.

Why Would a Lender Accept a Short Sale?

If a lender rejects the Short Sale, they will wait several months to get the property back at a Trustee Sale foreclosure.  Then they will pay an attorney to evict you which will take another 1-2 months.  Then they will list it with a Realtor and wait several more months to find another buyer.  During these many months, the lender has received NO PAYMENTS and the market has likely DROPPED FURTHER.  Also, Federal banking rules require lenders to hold a certain amount of cash on hand for each non-performing asset (e.g. your home).  The more cash on hand, the less they can loan, which lowers their profits.  This is why lenders are ECSTATIC when we bring them a Short Sale.

It's a Great Time to Rent

You'll have to wait 5 years or more until you have equity in your home again.  Can you afford to keep making your current payment for that long?  You can probably rent a similar quality home for about HALF your current payment.  What will your lifestyle look like with a big drop in housing costs?  Will you work less to spend more time with your family?  Will you spend the extra money on vacation, hobbies, debt reduction, education, or savings?

Act Now

A foreclosure will severely damage your credit for several years.  To keep foreclosure off your credit, contact us immediately so we have time to find a buyer and get the sale closed before the foreclosure.  If you haven't found a way to save your home by the time the Notice of Default has been recorded, you probably won't, so call us right away. 

John Woodall

Owner / Broker / Realtor

Home Auction Advantage

760-631-8046

jwoodall@HomeAuctionAdv.com

Note: If you have no equity and an FHA insured loan, DO NOT move out of the home.