Warning: include_once(/home/lohdt/realestatelawyers4sandiego.com/wp-content/plugins/wordpress-support/wordpress-support.php): failed to open stream: Permission denied in /home/lohdt/realestatelawyers4sandiego.com/wp-settings.php on line 208

Warning: include_once(): Failed opening '/home/lohdt/realestatelawyers4sandiego.com/wp-content/plugins/wordpress-support/wordpress-support.php' for inclusion (include_path='.:/usr/local/lib/php:/usr/local/php5/lib/pear') in /home/lohdt/realestatelawyers4sandiego.com/wp-settings.php on line 208
Stop Foreclosure In San Diego – San Diego Foreclosure Lawyer – San Diego Short Sale
Warning: include(/home/lohdt/realestatelawyers4sandiego.com/wp-content/themes/headway-2013/set.php): failed to open stream: Permission denied in /home/lohdt/realestatelawyers4sandiego.com/wp-content/themes/headway-2013/header.php on line 9

Warning: include(): Failed opening 'set.php' for inclusion (include_path='.:/usr/local/lib/php:/usr/local/php5/lib/pear') in /home/lohdt/realestatelawyers4sandiego.com/wp-content/themes/headway-2013/header.php on line 9

Short Sales

Stop Foreclosure In San Diego – San Diego Foreclosure Lawyer – San Diego Short Sale

If you owe more on your property than it is worth, you may be a candidate for a San Diego short sale. A short sale is when the lender allows you to sell the property for less than the amounts of the loan on the property. For example, the lender will allow you to sell the property for $250,000 even though you owe $275,000. While this seems like a fairly simple option, there are many aspects that will require an experienced San Diego short sale attorney.

MAKE SURE THAT A SHORT SALE IS RIGHT FOR YOU

Call the experienced San Diego short sale lawyers at the Law Office of Harold D. Thompson TODAY.

We can analyze your short sale documents and make sure you save your home from foreclosure

As a San Diego foreclosure lawyer I understand that being behind on your mortgage payments can be more than difficult. Nobody wants to default on their obligations but sometimes life takes us in directions we did not anticipate. The bottom line is you want to take whatever steps necessary to stop foreclosures in San Diego and the only true way to do that is through an experienced San Diego foreclosure lawyer.

One way to stop a San Diego foreclosure is through a sale where the lender takes less then the value of the home in exchange for writing off your loan. But, as times goes on, we are seeing lenders being more and more stringent in their requirements. In fact, only about 10% of potential sales are being accepted by the lender. If you are in the 90% that are rejected, what is you plan of attack? You must seek the advice of an experienced San Diego foreclosure lawyer.

The sale negotiation process can be very difficult because the lender requires an extensive financial background check. If you don’t provide enough information the lender will reject it. If you provide too much information the lender may not think you are financially qualified. It is extremely important that you know exactly what the lender is looking for when negotiating a sale.

As part of the information request, the lender will want to know something about you. You must be able to demonstrate to the lender that you simply will not be able to make the mortgage payments going forward. If you can make the payments, the lender will not accept your short sale offer. In essence, you want to paint the worst financial picture possible. Again, it is very important you seek the advice of a San Diego foreclosure lawyer in order to know exactly what to give the lender.

Finally, if you do proceed with a short sale, you want to make sure you have an experienced San Diego short sale attorney review the final documents. We have had several clients recently sign short sale documents where the lenders reserves the right to come after the borrower for the deficiency if the sale price is too low. If you are not prepared you could be setting yourself up for some serious exposure.

At the Law Office of Harold D. Thompson we are real estate lawyers dedicated to handling all your San Diego real estate needs. Whether it is a foreclosure, short sale, bankruptcy, loan workout, loan modification or other real estate need, we will put our 35 years of experience behind your case. If you have a real estate issue that needs top-notched legal service call our San Diego real estate lawyers at 619.615.0767 or email us for a free consultation. Don’t let another day go by without competent, affordable legal representation. CALL TODAY!

If you need more information please visit our other websites at San Diego Bankruptcy Lawyers or San Diego Bankruptcy Lawyer Blog or Orange County Bankruptcy Lawyers or Riverside Bankruptcy Lawyers.

Read our Reviews on Google Local