San Diego Short Sale Process

Behind in Bank Payments

San Diego short sale specialist Gary Kent 858-457-5368 answers the questions of San Diego home owners when they ask, “I haven’t made my house payments in months, what happens next”? What is the time line for the bank to foreclose on your San Diego home when you are behind in your mortgage payments?

If you are behind in your mortgage payments in California, the foreclosure time table starts with the bank making a “good faith” effort to contact you to discuss the situation with you. After that, San Diego bank short sale specialist Gary Kent explains the Notice of Default and Notice of Sale part of the foreclosure process and what happens at the foreclosure auction and what happens to you.

How to avoid foreclosure? One option is to start the short sale process on your San Diego home. Gary Kent is not a Short Sale Attorney or a Foreclosure Attorney in San Diego. However after over 200 bank short sales he is an expert with the process of a bank short sale.

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

by Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and Google+.

Do you owe the bank more than it is worth? Want to find out how long it would take for you to have some equity in your home again? Go to www.ShortOrStaySanDiego.com put in your address and some loan information and Gary Kent will give you a quick report on whether it makes sense to start the short sale process on your San Diego home.

San Diego Short Sale Process

FICO Score Credit Report

San Diego short sale expert, Gary Kent 858-457-5368 explains the benefits of the bank short sale process vs. foreclosure on your San Diego home. A bank short sale is generally has less negative impact on your credit report and the FICO score according to our various sources. While the formula for FICO scores are closely held, it is generally accepted that it is better to do a bank short sale vs. foreclosure on your San Diego home.

Another key benefit of having the Gary Kent team help you with the bank short sale process is that you may be eligible faster to buy another home. In most cases a properly done bank short sale will help protect you from the bank coming after you for the loss. While Gary Kent is not a short sale attorney, There is a new California Law signed by Governor Brown in July of 2011 that may protect you from the bank coming after you.

Finally, a bank short sale will allow you to avoid any stigma that you may feel about having a foreclosure on your San Diego home.
What is the best way in the bank short sale process to avoid the most damage to your FICO score Credit report? Short sale expert Gary Kent explains a key element in this free video. The best place to get a free credit report is www.AnnualCreditReport.com and the most important tip is to choose a San Diego short sale expert to handle the short sale process.

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

by Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and Google+.

Go to www.ShortOrStaySanDiego.com to learn more about the bank short sale process and how much your San Diego home is worth along with how long it will take to stop being “underwater.”

San Diego Short Sale

Deed in Lieu vs Short Sale

San Diego short sale expert Gary Kent 858-457-5368 explains why the process of a short sale is better than simply mailing the keys back to the bank and walking away from your San Diego home. Also known as “jingle mail” (you avoid a bank short sale by mailing the keys to the bank).

Some San Diego home owners have also asked about doing what is called a “deed in lieu” meaning a deed in lieu of foreclosure. So if you are considering a short sale vs. foreclosure this is an important video to watch. While Gary Kent is a short sale expert, he is not a Short Sale attorney. Only a San Diego short sale attorney can advise you if you should see if the bank will take a deed in lieu vs. foreclosure on your San Diego home.

Another option is to do a short sale vs. foreclosure or even vs. a deed in lieu on your San Diego home. Most banks do not want to own your house and will work with you on selling it so that they can avoid the cost of the foreclosure. Before you can do a “deed in lieu” on your San Diego home, the bank has to agree to it. The main reason this might not work is if there are junior liens or loans on your home that the bank does not want to inherit them.

For a deed in lieu to be valid, the bank has to agree to it. Bank short sales are often the better option. There are now many benefits to doing a bank short sale. To find out if you owe more than your home is worth, please go to www.ShortOrStaySanDiego.com .

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

by Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and Google+.

In some cases a bank might consider a deed in lieu if your home is eligible for a HAFA short sale, which may provide for a deed-in-lieu on your San Diego home.