Is a Deed-in-lieu safer or better than allowing a foreclosure?

Is a deed-in-lieu better than a foreclosure? In a word, no. So what’s the difference? In terms of your credit, there is no difference between a deed-in-lieu and a foreclosure. A deed-in-lieu merely saves the lender from spending the time and money to go through the foreclosure process. The only difference to you is that...

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Divorce – what to do with the house?

One of the questions that must be answered in divorce is “What do we do with the house?” If you’ve needed your combined income to maintain the payments on your San Diego home, neither of you can handle it alone, so you’re forced to make a decision. One choice is to keep the house and rent it out to cover...

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Are the Banks Negligent, Indifferent, or Inefficient?

Whatever they are, their actions all too often spell financial loss for San Diego homeowners. Here are 3 ways that loan servicers and asset managers are keeping some San Diego homeowners in distress. 1. Asset managers routinely delay their response to short sale requests. Most San Diego home buyers want a “yes or no” answer...

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What About Strategic Default?

Considering Strategic Default of your San Diego Real Estate? Strategic default is often a sound financial decision. And in almost every case, selling as a San Diego short sale is a better decision than simply letting the property go into foreclosure. Thousands of San Diego property owners have come to the realization that...

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When should I consider a San Diego short sale?

As a San Diego homeowner, When should I consider a short sale? If the current market value of your home is less than the balance due on your mortgage you should consider a short sale as soon as you know you will be unable to continue making payments without borrowing from other sources. If things are tight and you don’t...

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