In downtown San Diego, property values are falling like leaves, and families are losing their homes to foreclosure. In the San Diego area alone, over 27,000 foreclosed properties are on the resale listing. Homeowners are staying awake at night as they wonder about how they can avoid this non discriminating list.
Foreclosure not only damages credit scores, but it is also the source of an embarrassing exit for the homeowners who must give up their homes. Can this dark cloud be avoided? Yes, foreclosure can be avoided through a Downtown short sale.
THE BENEFITS OF A SHORT SALE
There are benefits associated with a Downtown short sale, and they are not only for the property owner. In a short sale, the property owner can pay off his loan to the lending agency and not worry about jeopardizing his credit score.
The lender quickly obtains a payoff amount, and this is great for companies in need of a quick, cash infusion to keep their business solvent. Receiving money from a foreclosure sale often takes quite a while.
The idea of skirting foreclosure is not pretty, but it can be done. A Downtown short sale is the financial solution for a default home loan.
San Diego Short Sale Experts are dedicated to helping families and individuals who are incapable of meeting the obligations of their home loans. For more information about initiating a Downtwon short sale, please visit www.sdshortsaleexperts.com.