Zombie Foreclosures – an Endless Nightmare

Are you still liable for the house you lost through foreclosure? Are bills for water, sewer, HOA dues and property taxes accruing right now – in your name? Is the City preparing to sue you for letting the yard become overgrown and littered? If yours was a zombie foreclosure, the answer is yes. Zombie Foreclosures are one...

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If you have a home to sell in San Diego, today’s market is good news.

Right now, the demand for homes in San Diego is strong, and correctly priced homes are selling quickly. Because the supply of homes for sale in San Diego is at far lower than normal levels, we’re seeing fifteen or twenty buyers competing for each home priced at market value – and many of those buyers have cash in hand....

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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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How a Short Sale Will Affect Your Ability to Buy Another Home

Many San Diego homeowners have worked hard to preserve good credit. Some come to us with a pristine credit record, yet are saddled with debt – most of which they have incurred in order to keep current on mortgage payments. The conclusion that they need to offer their house as a short sale is a very heavy one to reach for...

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Don’t use your Visa to make your San Diego home mortgage payment!

Holding on to your home is an honorable goal, but going deep into credit card debt to do so is a sure path to economic ruin. Your credit cards will only go so far, and then what? You could lose the house to foreclosure and be left with a huge high-interest unsecured debt. Don’t wait and let the situation get worse. If...

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