San Diego, CA (PressExposure) April 23, 2009 -- Many people are struggling with the effects of the financial recession and global economic meltdown in some way or the other. The number of foreclosures is increasing at a rapid pace each month. The lengthy foreclosure process can put home owners through a tremendous amount of stress and many sleepless nights. In addition, foreclosures have a very negative effect on credit history and are often considered worse than bankruptcy. As foreclosures continue to rise, homeowners will continue to look for ways to avoid foreclosure. One of the best ways to fight foreclosure is through the Short Sale of their home.
Put simply, a short sale is when a lender or lenders, accept less that the full amount due on a loan when the property is sold. The lender will usually accept the short sale to avoid the time and expense of a foreclosure, but do require that the owner of the property show some type of a âhardshipâ, or reason that they can no longer afford the home and need to sell. In a short sale, the lender will pay all of the fees that are involved with the sale, including the Realtorâs commissions.
However, a short sale is not an easy process. It takes a lot of patience, time and a Realtor who is experienced in short sales and in working with lending institutions.
San Diego's real estate team, San Diego Short Sale Experts www.sdshortsaleexperts.com has over 25 years of real estate experience and years of experience in short sales.
This San Diego real estate firm has over a 95% success rate in short selling short sale properties. Their team has of well trained real estate agents have successfully negotiated short sales with all of the major lending institutions. Their website www.sdshortsaleexperts.com is one of the best resources on the web for people who would like information on short sales. It helps to explain the difference between foreclosure and the short sale of property, along with the tax and legal implications of both. While a short sale may not be right for every individual, it helps homeowners understand the benefits of a short sale, and they offer no obligation consultations to go over each person specific situation.
Dealing with lending institutions requires a tactful approach and a very thorough knowledge of the banking and credit industries. San Diego Short Sale Experts offer excellent service to their customers who can no longer afford their home and are looking for a solution. They are reputed for closing the highest number of properties in short sale every month. Clients do not have to pay them any up front fee to use their services as per RESPA stipulations. This San Diego short sale firm works on behalf of homeowners and not the lending institutions. San Diego Short Sale Experts is reliable and trustworthy, with over 25 years of experience in the real estate industry, the firm has served many satisfied customers. As one of the top short sale resources on the web, San Diego Short Sale Experts offer reliable information that we can use. For more information on short sale and how to avoid real estate foreclosure, go to www.sdshortsaleexperts.com