A key part of the short sale process on your San Diego home is the Hardship letter.

In this video, San Diego short sale expert, Gary Kent explains about doing a short sale on your San Diego home.

To complete the short sale process on your San Diego home starts much like when you borrowed on it to purchase it… ONLY the opposite! We need to show that unlike when they made a loan to you, the circumstances have changed.
Generally, we need to prove three key components in the short sale process to prove to the bank that you are not so strong:
1. Hardship – Something has changed in your life that was out of control. This part of the San Diego short sale process is call the hardship letter. We want you to show that the hardship is causing you to need to sell. Typical hardships include: illness, death, divorce, loss of job or hours/overtime, caring for a family member or even and “exploding ARM.” For some banks, the hardship is not as critical as others in the short sale process.
2. Finances – In this part of the short sale process, we will present your current financial situation to the bank. They will look at your income and assets to help them determine if there is a hardship sufficient to approve a short sale on your San Diego home. Remember to always be truthful (do not commit fraud) and share all income and savings and retirement information. Although typically, they might not look to your retirement.
3. Home Value – Again, this part of the short sale process is to prove that you do not have enough equity in your San Diego home to sell it for enough money to pay off the loans. The bank may send out an appraiser or another broker to do a Broker Price Opinion (BPO) to confirm the current home value.
http://youtu.be/SMPavStuk00
To get a quick idea of whether you have equity in your home and/or how long it will take to get back to having equity, please visit www.ShortOrStaySanDiego.com for a quick and free evaluation.
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 Gary Kent on Google+

Gary Kent is a licensed broker in California 00862878 and is not licensed to give legal or tax advice.  You are encouraged to review your situation with the appropriate professional.

San Diego – My Short Sale Guide Blog Series – overview

What You Should Know About Short Sales in San Diego

Let’s start with the end in mind. It’s important that you’re clear about your goals from the beginning. If you’re a San Diego home owner looking for a way out of a stressful situation I trust that you’ll find practical and useful information here.

Because I write these blogs for San Diego homeowners, I’m going to assume that you or someone you know are facing San Diego foreclosure and looking to find a way out. So I’ll do my best to help show you that way. I’ve helped hundreds of people escape foreclosure and am confident I can help you as well.

Whether you’re current on your payments or months behind, I’ll tell you exactly what to do next if you want your bank to seriously consider accepting tens or even hundreds of thousands of dollars less than is owed them and agree to pay all of the costs and fees associated with the sale of your home through a real estate short sale.

In this practical blog, I’ll provide step-by-step instructions for selling your San Diego home for less than you owe the bank(s) and with absolutely zero expense to you.

When I’ve finished sharing all of my San Diego short sale secrets with you, you’ll know more about creating a successful real estate short sale than most of the so-called short sale experts who may be leaving flyers at your door step attempting to sell you on their services, if they’re not doing so already.

Let me say this. I understand how you’re feeling right now. Thousands of other San Diego homeowners have either recently faced, are currently facing or will soon be facing a situation very similar to your own.

Many San Diego families weren’t even aware of the short sale option or chose the wrong real estate advisor to help them and lost their homes to foreclosure, destroying their credit in the process. One thing is for certain, there’s light at the end of the tunnel and whether that light is salvation and a new beginning or a train coming at you is now up to you. Seeking the right information right now is a smart move on your part.

With a San Diego short sale expert’s help, a San Diego real estate short sale can save your credit and provide a fresh start without the added weight of a foreclosure on your credit report dragging around behind you like an anchor for years to come.

I wrote this blog for people like you and me. The thought of a San Diego County Sheriff knocking on my door and telling me and my family that we’d have 30 minutes to get everything we can carry or load into the car and get out was unfathomable to me.

I’ve helped many other San Diego home owners avoid it. And I’ll do my best to help you avoid it. All you need to do is use the information and the tools I provide to take immediate action. Working together, I can almost guarantee you success but you must act quickly and find an area expert who knows your market place. Don’t worry about that part yet though because I’m going to show you how.

Call San Diego short sale specialist Gary Kent at 858-457-5368 for a quick confidential analysis of your situation.

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 home is worth compared to owe much you owe, go to www.ShortOrStay.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.

PRE-APPROVED HAFA San Diego short sale in process.

When our clients contacted us about their delightful home in great Del Cerro neighborhood!  4BR/3BA Home in Del Cerro. 2,626 S.F. Built in 1959 we were pleased that it was HAFA short sale eligible.  As with any San Diego short sale, the market value was less than the two loans that need to be satisfied

This San Diego home offers 2 master suites, downstairs master bedroom with sitting area, access to patio, skylight & bay window! Huge upstairs private master bedroom could be split as 2 BRs!  The family room features a brick fireplace perfect for warming up on a brisk night.  Sharp kitchen with wood cabinets, beautiful backyard with large patio & grassy area!  Across from Del Cerro Park, close to Hearst Elementary & walking distance to “Windmill Farms” shopping center! Close to SDSU campus and I-8 freeway entrance to make for an easy commute!

The San Diego home owners that are facing a serious illness as a hardship needed the Gary Kent Team’s San Diego short sale experience to help them through this stressful time.  We were able to put it under contract in as-is condition with no pest clearance

We’ll update this post after we have closed escrow on this PRE-APPROVED HAFA San Diego short sale in process.   In the meantime, click here if you need to find out how long it will take to an idea of how long it will take for your San Diego home value to get “above water.”

Or contact San Diego Short Sale Specialist, Gary Kent at 858-457-5368