Category Archives: Santa Barbara Short Sale

A Short Sale is the sale of Real Property where sales proceeds do not fully cover the pay off balance on the existing loan or loans on a property. The lender or bank will agree to accept less than the … Continue reading →

An ailing economy has had far-reaching effects. Homeowners nationwide have struggled to manage ballooning mortgage payments in the aftermath of layoffs and long unemployment lines. They’ve seen home values plummet, all while becoming upside down in their loans.

Not really. Things that are too good to be true usually don’t make good economic sense. The short sale makes good common and financial sense for the banks who grant them.

If I do a Short Sale, how much will I have to pay to sell my home? Nothing. It’s true, in most cases you will pay literally no sales costs if your lender approves the Short Sale. All commissions, title … Continue reading →

A Short Sale is the sale of Real Property where sales proceeds do not fully cover the pay off balance on the existing loan or loans on a property. The lender or bank will agree to accept less than the … Continue reading →

An ailing economy has had far-reaching effects. Homeowners nationwide have struggled to manage ballooning mortgage payments in the aftermath of layoffs and long unemployment lines. They’ve seen home values plummet, all while becoming upside down in their loans.