March 2009

Short Sale Solutions

by admin on March 27, 2009

Welcome to Troubled Property Solutions!

We Specialize in Finding Real Estate Solutions in these Troubled Times in San Diego and Orange County, California. We are so glad you made it to this webpage. For many who need a solution to their real estate challenge, whether it be selling your home in today’s troubled market through a short sale to avoid foreclosure, dealing with your adjustable rate mortgage, or even confronting a notice of default we are here to assist you in finding the best solution for your situation. Call: (619) 534-6849 for immediate help!

Here at Troubled Property Solutions, we can offer an array of real estate options to allow you to move on with your life. If you are upside down on your mortgage and want to sell, we can provide short sale negotiation services, including negotiating with the bank on your behalf. You can avoid the perils of foreclosure by simply taking action today. Tired of the collection calls from the banks? We can also stop those phone calls – no more worrying about answering the phone.

Whatever your real estate needs are, whether it is selling your house, finding a buyer, modifying your mortgage or other needs, we can be of service. Simply submit the Property Information on the right hand side of this webpage and a representative will contact you shortly.

Experienced San Diego and Orange County Short Sale and Stop Foreclosure Experts

We are San Diego and Orange County’s experts specializing in Short Sales, and can stop foreclosure fast in California. We focus on providing solutions in Orange County and San Diego County. Our team of California Short Sale Professionals providing quick solutions to seemingly impossible real estate problems. We are one of the few California’s experienced Short Sale and Foreclosure Specialists. We have a pool of California Home Buyers and the San Diego and Orange County Real Estate Investors.

We can help you:

Stop California Foreclosure Short Sale My Orange County House

Sell My San Diego House Fast Short Sale My San Diego House

Sell My Orange County House Fast Loan Modification

Sell Your House Fast! We Buy Houses!

We at Troubled Property Solutions have a strong pool of San Diego and Orange County real estate home buyers and investors. We can buy your house! We buy houses that require a short sale, are upside-down, in pre-foreclosure – practically anything that has a roof. Let us help you save your credit and move on with your life. If you just need to re-located and find the market is troubled, not yourself, then we can tap into our pool of investor or find you a buyer quickly and get the house sold in record time! Our sales techniques are out of the ordinary that draw attention to your house over the rest. We have investors that can make an offer on your house the same day!

California Short Sale Specialists

If you live in San Diego or Orange County, we may able to provide you assistance in stop foreclosure through the sale of your house. We have strong relationships with banks, and are actively working with homeowners and their banks to facilitate short sales. Our pool of San Diego and Orange County home buyers and investors are looking to buy in today’s market.

Short Sale Experts

When traditional solutions to avoid foreclosure have been exhausted, selling the home via a Short Sale is a preferred method for both banks and homeowners alike. We can help you through this challenging time to sell your house to avoid the black mark of foreclosure on your credit.

What is a Short Sale?

A short sale is when a lender agrees to take less than what is owed in order to sell the house to prevent foreclosure. The lender does not want your house back, and short sales for banks and homeowners alike are a preferred method in order to avoid foreclosure, when other options have been exhausted.

Who qualifies for a Short Sale?

In today’s market, a short sale candidate has one or more factors that prevent a traditional sale from taking place. For most, a short sale is necessary when there is not enough equity, or even negative equity (you owe more than what the house is worth) in order to payoff the loan amount and other closing costs.

For Banks to agree to take a loss, you must be able to demonstrate that you have experienced financial or other hardship, and cannot afford to keep the house. Forms of hardship may include:

Loss of Employment Reduction in Wages

Job Relocation Health-related Hardship

Divorce or Separation Military Services

Benefits of a Short Sale

For Homeowners:

  • Homeowners avoid the black mark of foreclosure on their credit history
  • A short sale demonstrates to future lenders that you took action to avoid foreclosure
  • There is no eviction proceedings if the short sale is closed
  • We charge no upfront fees – and only get paid if the house closes – no risk to you
  • Many prefer to stay in their house during the Short Sale process in order to save money

For Lenders:

  • A Short Sale is a less expensive solution than a foreclosure.
  • The Lender does not have any out-of-pocket expenses for fix-up, eviction, etc.
  • With the decline in housing prices, a lender may net more than attempting to re-sell it after foreclosure.

Will I need money to do a short sale?

Our services are paid for through the short sale of the house. We ask for no up-front money, so if the house does not sell and it goes to foreclosure, we don’t get paid. That’s motivation for us! The banks pay commissions and negotiating fees as part of the cost of doing business. Call: (619) 534-6849. Start today to avoid foreclosure and save your credit!

Who is going to pay for the difference between what I owe and what it is worth?

If the house is upside-down, the bank will take the loss and traditionally no money will come out of your pocket. If you can demonstrate financial hardship, then they generally do not seek money from you. On the occasion they request that the homeowner signs an unsecured Promissory Note. It’s basically an IOU that is not secured by anything.

I’m ready to move on! What do I do now?

Short Sale and Stop Foreclosure specialists are here to help! Call: (619) 534-6849 for immediate help! We will work with you right away to get the process started.

Loan Modification in San Diego and Riverside

by admin on March 2, 2009 · 0 comments

The loan alteration process can be maddening and confusing for many troubled owners. If you are considering contacting your bank about a loan workout to avoid foreclosure, you must get as much info upfront as practicable so you’ll be prepared and able to present your case in the very best light. Programs and tenets are changing and it is becoming far easier for house owners to get the help they want. To help know how the method works and what you should expect, here are the Top ten Questions and Answers : one. What precisely is a loan modification? A loan alteration is a permanent change in a number of particulars of a borrower’s house loan, permits the loan to be reinstated, and ends in a payment the house owner can afford two. Can the bank include late charges in the Loan Modification? Per HUD, the accumulated late charges should be relinquished by the lender at the time of the loan workout-this varies depending on the sort of loan-but always request a total breakdown and description of all charges and penalties from your bank 3. How does the new executive programs help me arrange a loan modification? The central government has allotted $75 bn. bucks to subsidize banks and servicers who supply a loan workout to their clients. Now, the banks will have a financial motivation to offer assistance to qualified borrowers. In addition, owners who pay their new changed payments on time will be eligible up to $5000 credit to their loan balance. Four. How do I know whether I will qualify for a loan modification? The number one standards your bank is taking a look at is your ability to make the new changed payment now and in the future. You want to supply the bank with evidence of your income, together with a total and correct money statement detailing your revenue and costs to show them that if granted the alteration, you’ll be able to afford the new, lower payment five.

Do I must be now behind on my payments to qualify for a loan modification? Most banks are now accepting applications from owners who are not now behind, but who can demonstrate to their bank that due to forthcoming rate of interest increases, they will not be in a position to afford the loan payment under the details of their loan.

It is recommended to call your lender as quickly as feasible to start the loan alteration process, without reference to if you are behind or not. Six. What’s an acceptable Hardship situation? Each householder has a singular set of circumstances that made them fall behind on their house loan, but sometimes the banks consider divorce / separation, loss of income, death of better half, corp borrower or member of the family, sickness, job relocation, army service to be satisfactory reasons to think about a loan alteration. An strong difficulty letter included in your application is a particularly vital part of a successful application.

Seven. Will a loan alteration help me stop foreclosure? Yes, that is the goal-by working with your bank to get a loan workout solution, your loan is brought current and the foreclosure process is halted. Eight. Can my skipped payments be added back to my new loan modification? Yes, the balance can be added to the new loan balance and spread out over the term to permit the loan to be brought current. Nine. Am I able to do a loan alteration myself or should I pay somebody to represent me? That is totally up to you and your comfort level with working with your bank, but also your present monetary situation as most loan alteration corporations need a big upfront fee.

Without reference to what you decide, the very first thing you need to do is learn all you are able to about the method, your legal rights, and what is needed to get your request authorized. Ten.

So how do I get started to change my loan? Before contacting your bank’s loss mitigation office or a loan mod company, do your homework-learn as much as you can about the loan alteration process so you can make informed calls. President Obama’s Householder Stability and Affordability Plan offers real hope for millions of house owners who want an answer to stay in their home. Not everyone will qualify however, and interested borrowers will have to finish loan alteration application forms, provide explanation of their income and meet certain suitability needs. Most banks are taking part in this new executive backed plan, and householders are inspired to be told how they can qualify and sign up for a loan workout and stop foreclosure.