What Homeowners Assistance Are Available In San Diego?

Public homeowner assistance programs may be unavailable or hard to get. With budget constraints and San Diego tax dollars not coming in as fast as some officials has expected, struggling homeowners are having a harder time taking advantage of programs. Even when they are behind on their mortgage. Assistance dollars from the public sector are scarce. Homeowners that apply for assistance programs may wait weeks and months for answers.
Privately, there are ways you can get help. While public programs vary in terms of funding, an experienced San Diego realtor can help homeowners with their problem. It's called a "Short Sale" and an experienced agent can walk you through the process of selling your home and erasing the balance of the mortgage. Even if the home doesn't sell for close to what you owe, in most cases, you still can walk away.
Local and national Banks are working out short sale agreements with customers. In order to not go through with the costly foreclosure process, banks are letting troubled homeowners put their home on the market and accepting the best offer that the homeowners get in most circumstances. Banks save money by not foreclosing and generally get a little more from a lived in home in La Jolla than an abandoned home. No cost to look and see how to see if this is possible
Homeowners can leave their home even if they owe more than it's worth if they are no longer able to make their payments.
Homeowners don't have to pay anything to get this done. What's important is that they contact a Realtor that has short sale training in the past, and has experience negotiating offer with banks. A short sale may be a good answer if your San Diego home is underwater. A short sale also provides homeowners financial dignity by not having to go through the foreclosure process which includes an auction and an eviction process by their lender.
One of my recent short sale clients was able to stay in the home for an extra 9 months and save up for a deposit to rent another home. By cooperating with the lender, maintaining the home and doing a short sale. Homeowners are able to buy another home in about two years, versus seven if that home went into foreclosure.
To get more information, please call me at 760-802-4166, or go to the contact page.