foreclosure Archives -

Urgent Advice for San Diego Homeowners If you wish to escape some potentially devastating income tax consequences–and are underwater on your San Diego home mortgage–you may want to consider listing your home as a short sale immediately. Even the New York Times has issued a dire warning: As it stands now, any mortgage debt forgiven

Short Sale “Expert” and Content Thief

May 7, 2012

San Diego, Short Sales

4 Comments

by: Roberta Murphy Yesterday, when writing about Zillow, I was alerted that another San Diego real estate site had lifted the article in its entirety. But imagine my surprise when I visited the domain and discovered that not only one article, but all of our copyrighted articles and blog material going back to 2011 had

How to Negotiate a San Diego Foreclosure or REO

March 11, 2012

Carlsbad, Foreclosures, San Diego

by Roberta Murphy So many real estate investors and home buyers have their sights set on buying a foreclosure, REO’s and bank owned properties, hoping to buy real estate at prices substantially below market. But how to negotiate and navigate them to closing? REO’s and bank-owned homes are a “congested” area of the San Diego

Need to Short Sale Your San Diego Home?

December 21, 2011

Short Sales, Tips for Sellers

by Roberta Murphy Overwhelmed by the mortgage on your San Diego home? If so, you are not alone. The percentage of short sale listings that we take in our practice now approaches 50 percent. Without revealing names or addresses, rest assured it is a painful acceptance and process for the burdened homeowners, who have often

Tough San Diego Real Estate Choices

November 5, 2011

Tips for Buyers, Tips for Sellers

by Rachel Hallendy What is Best for Home Sellers: Short Sale, Foreclosure or Deed in Lieu? These are tough San Diego Real Estate Choices. During the real estate “Bubble Years” from the late 1990’s to 2007, many people bought homes in San Diego using 100 percent financing, exaggerated income on loan applications, and high hopes for

San Diego Short Sale and Credit Report Solution

May 13, 2011

Best of San Diego, Foreclosures, Living in San Diego, Short Sales

by Roberta Murphy—Carlsbad, CA What Should I Pay First: My Mortgage or Credit Card Bills? If your mortgage balance is more than your San Diego home is worth and you are faced with paying one or the other, consider paying credit card and other bills first. This coming from a real estate professional may surprise you,

Del Mar Foreclosure Stopped

November 17, 2010

Uncategorized

Five years ago, we wouldn’t have dreamed that we would be selling so many San Diego foreclosures and short sales–or battling to save a Del Mar home from foreclosure on the courthouse steps–especially when that lender is Wachovia/Well Fargo. Friday afternoon we spoke with their bank representative who informed us that there was no way,

San Diego Foreclosure Halt: 3 Winners + 3 Losers

October 11, 2010

Foreclosures

2 Comments

San Diego real estate circles are abuzz with discussion about Bank of America’s (and others) foreclosure halt. The general consensus is that those buyers who acquired foreclosures and have already closed on them will likely be safe, especially if title insurance was in place. In jeopardy are those transactions in escrow or those in preparation

Considering Loan Modification for Your San Diego Home?

February 4, 2009

Foreclosures, Market Trends, San Diego

8 Comments

by Roberta Murphy San Diego real estate has had an upheaval in values the last couple of years. Much is to blame on a real estate bubble that was unsustainable–paired with mortgage products that were designed to self destruct–such as those pesky negative amortization home loans. Surveying the San Diego real estate reports, I can’t

San Diego Real Estate: Deed in Lieu, Short Sale or Foreclosure

July 1, 2008

Market Trends, San Diego, San Diego News

8 Comments

San Diego’s mortgage meltdown has left many stressed and relocating homeowners wondering what to do. Should they just let their home go to foreclosure? Should they see if their lender will accept a deed in lieu of foreclosure? Or should they go through the uncertainties of a short sale on their San Diego home? Fannie Mae’s