A few Questions a home owner may be asking in the current market?
1. What is a short sale? 2. Should I be dipping into my savings to keep this upside down property afloat? 3. Where do you I turn if my property is worth less than I owe? 4. Should I stop paying my senior lender, my junior, why? 5. Will the second come after me if I decide to take a foreclosure? 6. How can I be assured the lender will release me from the remaining loan balance? 7. How much will a lawyer charge me to review the short sale approval and lien release documents?
8. How can I get these collections calls to stop both before and after the short sale? 9. How do I know my Realtor is looking after my interests? Welcome to McConnin & Company Realty. We are a San Diego real estate brokerage founded and run by an experienced San Diego real estate Attorney to help make sure your real estate transaction is done with maximum protection for you. (For those of you who may not know, in a short sale, the lenders agree to pay the real estate fees - so if you list your southern California property with McConnin & Company Realty, you get to work with an attorney on your short sale at no charge.)
Our goal is to help you make the right real estate decisions. Buying, Selling, Short Sale, Short Payoff, Deed in Lieu or Loan Modification, find out your options before you make a decision which could have six figure ramifications. contact us.
If your home is worth less than you owe and you are thinking about selling it. (a short sale) You may be looking at 3 major concerns:
1. Will you be released from any further liability for the loans (release of deficiency) ? 2. Will you be able to minimize your tax exposure to the IRS and the California Franchise Tax Board? 3. Will you be able to minimize damage to your credit? Note: Since the banks gorged on the tax payers TARP money it has been much more difficult to get released from the deficiency.
You will quickly see why we think it may be 6 figure mistake to put your future in the hands of a Realtor too stingy to bring a lawyer onto the team.
Tools to help you price and sell your real estateWe have cutting edge tools to help you price and track properties. Click on this link to instantly see how much your real estate is worth or track San Diego Real Estate Sales on the San Diego MLS. If you do decide it is time to sell you should know our goal is to get your property in front of just about every buyer possible. The internet has changed the way people buy real estate. The National Association of Realtors found that 85% of potential real estate buyers start their search on the internet. (We suspect it could be higher in San Diego and other Southern California communities.)
We push your listings out to Realtor.com, to our highly ranked San Diego Websites, to just about every San Diego MLS compliant website, and to the following real estate portals:
If a potential buyer or buyer's agent can't find one of our listings.... they are not looking.
Because John McConnin is also licensed as an attorney in Florida we were negotiating short sales while San Diego Realtors were still calling themselves luxury home specialists. That experience paid off. Check out our sold San Diego short sales page, which shows ome of the recent San Diego short sales we have completed at our brokerage. As members of the Orange County MLS we have also listed and negotiated Short Sales in Orange and Riverside County.
Give us a call or send us and email.
John McConnin Licensed Real Estate Broker and San Diego Real Estate Attorney McConnin & Company Realty
Note: The California Association of Realtors forms are arguably designed to protect Realtors and not necessarily you. Did you know C.A.R has designed at least 4 loopholes into the Purchase and Sale agreement which lawyers rountinely exploit to help buyers back out of deals right up until closing. Send us an email and we will explain which paragraphs deserve your attention.
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