San Diego Short Sales Explained

What is a Short Sale?

Basically a Short Sale is when homeowners are late with their payments, a notice of default will be issued. They can try to short sale their house. A short sale is usually done when the homeowner does not have enough equity in their home to pay the lender what they owe. If the owner can prove the hardship maybe the lender will forgive the homeowner. The process is tedious and frustrating. Lenders will not return calls. If nothing happen during the short sale, the home will go into foreclosure, This happens within the six months period. Lenders do not like the idea of foreclosure.

San Diego foreclosure and REO investors can benefit from foreclosed homes that are listed on the San Diego foreclosure website due to the quality of the listings that offered, and the amount of research that the San Diego foreclosure Real Estate agents have already done for the buyer. Buying San Diego foreclosures can be fun and easy if you by the right home from the right San Diego Realtor who specializes in San Diego foreclosures and REO's.

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