My San Diego Home, Can I Get Paid To Do A Short Sale? San Diego Short Sale Relocation Money

A frequent question our San Diego Home owners ask us when they need to do a short sale is “Will the bank pay me anything to short sell my San Diego home?”
This term has several names but the more official term is “relocation assistance” and the more familiar is “cash for keys.”

Sometimes the answer is yes. The short sale program called HAFA already has a formula to help homeowners with the move out of the home.
While “cash for keys” is very common after a San Diego foreclosure, this is a new option on short sales in San Diego.

Other major banks, such as Bank of America, Wells Fargo & Chase may consider it on a case-by-case basis.
A big hurdle depends on just who owns the loan and what their guidelines are. Remember, the company
that you make your mortgage payment to, might not be the same one that actually owns the loan.
They may be what is called a “Loan Servicer.” But, often they will have guidelines that will allow them
to offer something to the San Diego short sale seller to help them move.

So, if you own a San Diego home and are concerned about how much your home is worth compared to home much you owe,
you have options. One is to contact San Diego short sale expert Gary Kent at 858-457-5368.

Another is to visit www.ShortOrStaySanDiego.com put in your property information along with your loan information and
Gary will send you a report that will give you an idea if you have any equity or how long (months/years) before your
San Diego home is worth more than your loans.