Who are San Diego Short Sale Experts..? We are a local San Diego Real Estate company specializing in helping individuals that are heading into default on their current loans or are already in foreclosure.
What is a short sale? Simply put, it is the process of selling a home for less than is owed on the existing mortgages and negotiating with the lender to accept the loss. This is done in order to provide financial relief to homeowners who may otherwise face foreclosure or bankruptcy. By visiting our site, San Diego Short Sale Experts you will be able to learn more of the details involved with a short sale.
Beginning in 2000 the real estate market obviously exploded with average real estate values doubling over a 5 year period . This was due to demographics, historically low mortgage rates, loose mortgage lending guidelines, creative interest-only mortgages and the change in general public’s attitude of real estate primarily a “home” to that of real estate as an “investment”.
Now, coming off the highs of the past few years, we have seen changes in the economy, tightening of the credit markets, adjustable rate mortgages adjusting, banks shutting down, and the real estate markets are correcting. All of these changes are driving down home values and making the short sale market predominate.
Many home buyers and real estate investors are no longer be able to afford their properties and are required to sell quickly or face foreclosure. As more and more foreclosures come onto the market, property prices will continue downward due to the pricing pressure of these foreclosures on the normal real estate listings.
All of the previous talk of a housing bubble seems to be confirmed by the market we are facing today.
As the market continues to change and more and more people are faced with these difficult times, our team continues to assist those families in need of our services. Please check back regularly for updates and visit our site San Diego Short Sale Experts for a detailed explanation of the foreclosure and short sale process.
