How to Decide use the Short Sale Process for your San Diego home.

Short Sale Process San Diego

Living on Borrowed Time? Making no decision sometimes IS a decision. But when dealing with a possible foreclosure on your San Diego Home, delaying a decision can be bad… on several levels.

As tough as it is to make a decision in the face of bad circumstances, The Gary Kent Team of Keller Williams can help. We understand the short sale process. We also understand that you are under a lot of stress. If you are like most of our clients, you are feeling a flood of emotions from sadness to anger to confusion and despair. Our job is easy to describe yet hard to do.

First, we meet with you to find out your situation. Each San Diego home owner facing foreclosure is under a TON of pressure. Or perhaps you are wondering “What do I do if I owe more on my home than it is worth?

We work with you to identify your current situation and to outline options. There are reasonable ways to avoid foreclosure and there are ways to sell your San Diego home even if the market value is less than you owe. We will help you with your decision by giving you your options. If the short sale process is the best solution we will work with you to contact your lender(s) and open the dialogue with them.

Even though the short sale process in San Diego has improved we have to be honest and let you know that the lenders are still slow to process your short sale. There are a variety of ways that they stall and we know when to play nice and when to get tough.

Your first step is to either contact San Diego short sale expert Gary Kent at 858-457-5368 and he will go over your situation and give you a free analysis of your options and whether the short sale process makes sense for you. Gary has written the book on short sales and would like to give you the San Diego Short Sale Guide for free – Click Here.

Another resource is Gary’s free seminar October 22, 2012 ” SHORT SALE: How To Avoid Foreclosure, Save Your Credit, & Protect Your Savings!”

Come & Learn:

How soon can you buy after your short sale? –

Do YOU qualify for a short sale? Come & find out! –

Protect your savings & assets from bank lawyers! –

Do you have to pay anything to do your short sale? –

How to get thousands in cash “relocation allowance” –

Avoid the stigma & lingering problems of foreclosure –

Can your lender sue you for the loss on your short sale? –

What REALLY hurts your credit? …It’s not what you think! –

Why a short sale is so much better for you than foreclosure –

Which “hardships” qualify you for a short sale? Which don’t? –

How we surprised one client with $14K cash at closing…legally –

If an agent does THIS, do NOT let them touch your short sale! –

What HAFA is & how it can make your short sale faster & easier –

7 options if you owe too much. Most agents only tell you 2-3 –

You’ve heard of property flipping. How about “flopping”?! –

Should you be current on HOA dues? Property taxes? –

Avoid dangerous scams, including the latest one –

When it’s illegal for banks to ask you for $$$ –

Will a short sale delay/prevent foreclosure? –

Should you spend $$ to fix up your home? –

Must you be behind on your mortgage? –

Can you sell to family or friends? –

Can you buy your home back?

The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process. Click here for more information on San Diego short sales:

San Diego Short Sale Process:

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

San Diego Short Sale Process:Big Tax Change Coming on San Diego Short Sales?

San Diego Short Sale Process

Act Quick To Avoid TAXES

The Mortgage Debt Forgiveness Act of 2007 is set to expire on December 31st, 2012. Here’s what this act addresses… When you owe money and don’t have to pay it back, that’s called forgiven or cancelled debt. The IRS treats this cancelled debt as taxable ordinary income. Prior to the Act, many San Diego home owners who did short sales or lost their homes to foreclosure were actually forced to pay taxes on this “ordinary income.” This was considered punitive and unfair, so the Act was passed and changed the rules, making most homeowners exempt from taxes due on a short sale or foreclosure.

Unfortunately, the Act expires 12/31/12. And because short sales often take months to complete, anyone considering a short sale would be wise to start immediately so they can avoid paying taxes on their cancelled debt. There is the possibility that the act will be extended, but as of this writing, I’m not aware of a serious effort to do so.

Short Sale Your San Diego Home Now Before the IRS Comes After You

For more info, see the IRS site. And please verify the above with your tax professional.

So where should you start? Well the first step may be to check out our website www.ShortOrStaySanDiego.com Or, call San Diego short sale specialist Gary Kent at 858-457-5368 for a quick confidential analysis of your situation.

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Click Here.

Attend a free seminar on October 22, 2012 ” SHORT SALE:  How To Avoid Foreclosure, Save Your Credit, & Protect Your Savings!”

Come & Learn:

– How soon can you buy after your short sale?

– Do YOU qualify for a short sale? Come & find out!

– Protect your savings & assets from bank lawyers!

– Do you have to pay anything to do your short sale?

– How to get thousands in cash “relocation allowance”

– Avoid the stigma & lingering problems of foreclosure

– Can your lender sue you for the loss on your short sale?

– What REALLY hurts your credit? …It’s not what you think!

– Why a short sale is so much better for you than foreclosure

– Which “hardships” qualify you for a short sale? Which don’t?

– How we surprised one client with $14K cash at closing…legally

– If an agent does THIS, do NOT let them touch your short sale!

– What HAFA is & how it can make your short sale faster & easier

– 7 options if you owe too much. Most agents only tell you 2-3

– You’ve heard of property flipping. How about “flopping”?!

– Should you be current on HOA dues? Property taxes?

– Avoid dangerous scams, including the latest one

– When it’s illegal for banks to ask you for $$$

– Will a short sale delay/prevent foreclosure?

– Should you spend $$ to fix up your home?

– Must you be behind on your mortgage?

– Can you sell to family or friends?

– Can you buy your home back?

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process. Click here for more information on San Diego short sales:

San Diego Short Sale Process:

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

San Diego Short Sale Process- How many years before I have equity in my San Diego Home?

San Diego Short Sale Process

How many years until I have equity in my San Diego home?

San Diego short sale process duplexMany San Diego home owners have been hard hit with the down turn in home prices. Even though the San Diego real estate market is very strong now, it may be years before some San Diego home owners have equity in their homes.

For years in San Diego real estate, we were used to always having positive equity. Since the housing recession some San Diego home owners have found that they are “underwater” (they owe more to their lenders than the home will sell for in today’s market.

Have you ever figured out… just how far “underwater” your San Diego home is and how long it will take to start having some positive equity? The easiest way is to check out short sale expert Gary Kent’s San Diego website www.ShortOrStaySanDiego.com. With just a little information, Gary’s website will generate a report that estimates the value of your current San Diego home  compared to the amount you input that you owe. Then we’ll email you a report that outlines an estimate of how long it might take to get “above water.”

For some San Diego home owners considering the bank short sale process, this is a good place to start, or, call San Diego short sale specialist Gary Kent at 858-457-5368 for a quick confidential analysis of your situation. San Diego short sale expert Gary Kent has written the book on the bank short sale process. Gary would like to offer the San Diego Short Sale Guide to you for free – Click Here.

Click here for more information on San Diego short sales: The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

How many years until I have equity in my San Diego home?

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .
Original article here:

San Diego Short Sale Process – No Equity In Your San Diego Home?

San Diego Short Sale Process

No Equity In Your San Diego Home?

Many San Diego home owners wonder, just how many years until you have equity in their San Diego home? With the drop in San Diego home values, the term “underwater” or “negative equity” has been used to identify homes that owe more than they are worth in today’s San Diego home market.

Have you ever figured out… just how far “underwater” your home is and how long it will take to start having some positive equity? The easiest way is to check out our website www.ShortOrStaySanDiego.com . Or, call San Diego short sale specialist Gary Kent at 858-457-5368 for a quick confidential analysis of your situation. For some folks, it might make sense to short sale their San Diego home.

The bank short sale process is not always an easy one, and there are lots of aspects to consider. San Diego short sale expert Gary Kent has written the book on bank short sale process. Gary would like to offer the San Diego Short Sale Guide to you for free – Click Here.

The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.  Click here for more information on San Diego short sales:

 

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

No Equity In Your San Diego Home?

To find out how much your San Diego home is worth compared to owe much you owe, and to learn about the short sale process go to www.ShortOrStaySanDiego.com

Original Gary Kent Post can be found here:http://shortorstaysandiego.com/san-diego-short-sale-process-no-equity-in-your-san-diego-home/

San Diego Short Sale Process-Owe Too Much To Sell Your San Diego Home?

San Diego Short Sale Process

Do you owe too much to sell your San Diego Home?

San Diego home owners are facing some tough questions, such as, what to do if you owe more than your San Diego Home is worth?

Many San Diego home owners are facing the fact that their number one investment (their home) is worth less than they owe. In some cases, it doesn’t matter: they know that they will just keep making their payments and time will take care of it.

After all, the payment made sense when they bought it and they don’t have a pressing need to sell their San Diego home.

What if you don’t have that time? Perhaps you are facing a hardship such as death, divorce or a job transfer. Then you may want to consider meeting with San Diego Short Sale Specialist Gary Kent to discuss your short sale options. Even if your hardship is not a dire as death, divorce or a job transfer call Gary Kent at 858-457-5368 to discuss your short sale options with a real estate agent who is a bank short sale expert for a quick confidential analysis of your situation.

Another resource is to check out our website www.ShortOrStaySanDiego.com San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Click Here. The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process. Click here for more information on San Diego short sales: <h1>San Diego Short Sale Process</h1> San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide. To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

San Diego Short Sale Process

The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

Do you owe too much to sell your San Diego Home?

 

2 Ways To Stop A Foreclosure On Your San Diego Home- Short Sale Process

San Diego Short Sale Process

Two ways to stop a Foreclosure on your San Diego Home

Well… the first way would be to make up your payments and the boatload of fees that your bank has hit you with. Okay, that is not much of an answer, but the reality of the situation in most cases is that the bank is going to win.

Another option is to do a short sale on your San Diego home. The first step is to find out what your home is worth. Check out our website www.ShortOrStaySanDiego.com

Then, call San Diego short sale specialist Gary Kent at 858-457-5368 for a quick confidential analysis of your situation. The Gary Kent Team of Keller Williams Realty will guide you through the short sale process. As experienced San Diego short sale negotiators we understand the bank short sale process. We understand that this is an upsetting time for you and we know how difficult the decision to short sale your San Diego home can be. We are here to guide you through the short sale process. If you would like to learn more about the short sale process , San Diego short sale expert Gary Kent has written the book on short sales. we would like to offer the San Diego Short Sale Guide to you for free – Click Here.

Click here for more information on San Diego short sales:

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

San DIego Bank Short Sale Process – Tell Your Agent if Your are behind in payments

San Diego Short Sale Process

Behind in Payments

San Diego short sale specialist explains that you should always let your real estate agent know if you are facing any financial issues. If you are upside-down in your San Diego home (you owe more than it is worth, or if you are behind in payments to the bank you need to be sure that your agent is up-to-date so that there are no surprises. Do not be afraid to tell your agent, they need to know whether you are in a big rush to sell.

If you are in the process of bank short sale on your San Diego home, you need to open all your correspondence from the bank and advise your agent. Among some of the key considerations that an experienced agent like Gary Kent will know is how to price it to reflect your current financial situation. Also, if the bank has started the foreclosure process on your San Diego home there are certain time frames that we have to be concerned with on your behalf.

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Do you owe the bank more than it is worth? Want to find out how long it would take for you to have some equity in your home again? Go to www.ShortOrStaySanDiego.com put in your address and some loan information and Gary Kent will give you a quick report on whether it makes sense to start the short sale process on your San Diego home.

San Diego Short Sale Process – Behind in your loan payments?

San Diego Short Sale Process

Behind in Bank Payments

San Diego short sale specialist Gary Kent 858-457-5368 answers the questions of San Diego home owners when they ask, “I haven’t made my house payments in months, what happens next”? What is the time line for the bank to foreclose on your San Diego home when you are behind in your mortgage payments?

If you are behind in your mortgage payments in California, the foreclosure time table starts with the bank making a “good faith” effort to contact you to discuss the situation with you. After that, San Diego bank short sale specialist Gary Kent explains the Notice of Default and Notice of Sale part of the foreclosure process and what happens at the foreclosure auction and what happens to you.

How to avoid foreclosure? One option is to start the short sale process on your San Diego home. Gary Kent is not a Short Sale Attorney or a Foreclosure Attorney in San Diego. However after over 200 bank short sales he is an expert with the process of a bank short sale.

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Do you owe the bank more than it is worth? Want to find out how long it would take for you to have some equity in your home again? Go to www.ShortOrStaySanDiego.com put in your address and some loan information and Gary Kent will give you a quick report on whether it makes sense to start the short sale process on your San Diego home.

San Diego Short Sale Process FICO Score Credit Report

San Diego Short Sale Process

FICO Score Credit Report

San Diego short sale expert, Gary Kent 858-457-5368 explains the benefits of the bank short sale process vs. foreclosure on your San Diego home. A bank short sale is generally has less negative impact on your credit report and the FICO score according to our various sources. While the formula for FICO scores are closely held, it is generally accepted that it is better to do a bank short sale vs. foreclosure on your San Diego home.

Another key benefit of having the Gary Kent team help you with the bank short sale process is that you may be eligible faster to buy another home. In most cases a properly done bank short sale will help protect you from the bank coming after you for the loss. While Gary Kent is not a short sale attorney, There is a new California Law signed by Governor Brown in July of 2011 that may protect you from the bank coming after you.

Finally, a bank short sale will allow you to avoid any stigma that you may feel about having a foreclosure on your San Diego home.
What is the best way in the bank short sale process to avoid the most damage to your FICO score Credit report? Short sale expert Gary Kent explains a key element in this free video. The best place to get a free credit report is www.AnnualCreditReport.com and the most important tip is to choose a San Diego short sale expert to handle the short sale process.

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Go to www.ShortOrStaySanDiego.com to learn more about the bank short sale process and how much your San Diego home is worth along with how long it will take to stop being “underwater.”

San Diego Short Sale vs. Deed In Lieu of Foreclosure

San Diego Short Sale

Deed in Lieu vs Short Sale

San Diego short sale expert Gary Kent 858-457-5368 explains why the process of a short sale is better than simply mailing the keys back to the bank and walking away from your San Diego home. Also known as “jingle mail” (you avoid a bank short sale by mailing the keys to the bank).

Some San Diego home owners have also asked about doing what is called a “deed in lieu” meaning a deed in lieu of foreclosure. So if you are considering a short sale vs. foreclosure this is an important video to watch. While Gary Kent is a short sale expert, he is not a Short Sale attorney. Only a San Diego short sale attorney can advise you if you should see if the bank will take a deed in lieu vs. foreclosure on your San Diego home.

Another option is to do a short sale vs. foreclosure or even vs. a deed in lieu on your San Diego home. Most banks do not want to own your house and will work with you on selling it so that they can avoid the cost of the foreclosure. Before you can do a “deed in lieu” on your San Diego home, the bank has to agree to it. The main reason this might not work is if there are junior liens or loans on your home that the bank does not want to inherit them.

For a deed in lieu to be valid, the bank has to agree to it. Bank short sales are often the better option. There are now many benefits to doing a bank short sale. To find out if you owe more than your home is worth, please go to www.ShortOrStaySanDiego.com .

San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com

The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

In some cases a bank might consider a deed in lieu if your home is eligible for a HAFA short sale, which may provide for a deed-in-lieu on your San Diego home.