Real Estate Short Sales

Short Sales in San Diego

San Diego Real Estate Market Update for February 22, 2013

The latest San Diego Real Estate Market Update report from real estate tracker DataQuick paints a sunny picture for San Diego Real Estate in 2013. January’s figures show mortgage default rates in San Diego County at their lowest levels since mid-2005, and foreclosures at a six year low. Impact of the Homeowner Bill of Rights …

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Tax Consequences of a Real Estate Short Sale in 2013

For many homeowners struggling with underwater mortgages in the aftermath of the housing crash, a short sale is often the best possible solution to their problems. To put it simply, a short sale is where the homeowner sells his or her property for less than what is owed on it. All the lenders have to …

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How Short Sales and Foreclosures Affect Your Credit Rating

If you’re in a financial pit and weighing your options, you might want to start thinking about a short sale or foreclosure, and consider how each will impact your credit score. Ideally you would want the option that will do the least amount of damage to your credit rating. Depending on State laws, a debtor may …

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Short Sale and Foreclosure: What’s the Difference?

Sometimes, no matter how careful we are with our money and expenses, certain things happen in life that are beyond our control. Dramatic financial fall backs caused by a disaster, a serious illness, an unexpected death, or even divorce, can force one to stop paying his/her home’s mortgage. When this happens, the property is foreclosed. Foreclosure is emotionally stressful for a lot of people because it forces them out of their home, embarrasses them, destroys their credit scores for a long period of time, and costs them even more money.

So what’s the difference between a short sale and foreclosure?

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