Another short sale was just closed with Chase. Although the property was located here in San Diego, our sellers lived in Colorado. Although they are located out of state, it does not cause a problem in getting the short sale approved.  All of the communications are handled via email/phone and the paperwork is done through FedEx.  Our sellers trusted us because we stayed in constant communication throughout the entire process.… Read the rest

We just closed another file with Citimortgage on the first and Chase on the second. This family had experienced a reduction of income and were no longer able to keep current on their mortgage. They purchase the home in 2005 and had refinanced both of the loans.

2960 Alanwood Court, Spring Valley

The first mortgage balance was approximately $292,000 and the balance on the second was approximately $55,000.… Read the rest

We received another Bank of America Short Sale approval last month and were able to close on the file yesterday.  Our sellers in this short sale had both faced a loss of income due to budget cuts within the school district they work for.  The cut in pay along with increase in expenses, put them in a situation that they could no longer afford their home.… Read the rest