Short sales, once a rare event in local real estate market, today are nearly as prevalent as foreclosures as lenders seek to avoid adding to their foreclosure inventories and troubled homeowners opt.
San Diego Housing Solutions specializes in short sales, loan mods, and foreclosure negotiation. Learn about the foreclosure process, and what we do to help.
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Foreclosures. Foreclosures in Illinois are a nine-month judicial process but after 90 days the lender will turn the delinquent loan over to foreclosure attorneys and .
If you’ve had a foreclosure notice filed, you may be able to postpone that action while the bank considers a short sale. The wait for short sale approval can be from two to three months, or longer. In a foreclosure, unless prior arrangements have been made, the lender may want you to immediately vacate the property and may commence eviction.
. loan mods continue to slightly outpace foreclosure sales and total non-foreclosure solutions remain at a steady pace." For Q1 2015, the combination of total loan modifications, short sales,
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You get your home sold, the loan(s) paid off and you avoid foreclosure.. By completing a Short Sale, your lender has arrived at a solution that is, for them, much.
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We also negotiate the short sale with the lender.. know someone who is struggling on their mortgage payments, we are problem solvers and provide solutions.
In working with you, there are a number of different approaches the Mark Boyland Short Sale Team can take to resolve your difficulties. Briefly, consider these three proven solutions to prevent foreclosure, plus other options that some homeowners may have available. 1. Loan Modification
When his home’s value plunged, George Albright opted to sell it for less than he owed, believing the short sale” would scar his credit less than a foreclosure. Potential solutions, like a form.
Commercial Property Short Sale Negotiations and Owner Representation in. to meet mortgage and upkeep payments, then a solution must be found quickly.
When combining loan modifications and short sales, HOPE NOW reported over 7.6 million foreclosure prevention solutions have been applied since 2007. Meanwhile, foreclosure sales showed an increase.