Upside Down Real EstateReal Time MLS Comps and Trend GraphsShort sale your home - our stress free guarantee. Is your home worth less than you owe?
UpsideDownRealEstate.com was the first website on the internet addressing short sales vs strategic defaults and asset protection. At first, our focus was on San Diego short sales, but very quickly we were helping home owners from Los Angeles to South County San Diego. (note back in 2006 and 2007, accepting a foreclosure was not called a strategic default. )
A short sale involves two important steps, the release of lien and the release of the remaining loan balance or deficiency. You can see much of the advice on the internet has been mistaken (until July 15th 2011) . Most short sale "experts" and even websites like wikipedia incorrectly stated or implied that a short sale automatically released the lien and released the deficiency. Many homeowners were surprised when the lenders stated the homeowners were still responsible for the balance of their Home equity line of credit after the short sale.
However on July 15th 2011 CCP 580e was amended The new law now releases the deficiency as part of a properly executed short sale. CCP 580e protects short sellers in another very important manner. Our Short Sale Program - No commissions or fees to the seller 1. When you list your short sale with McConnin & Company Realty, you get our legal advice, strategy and specified law work related to your loan workout and short sale at no charge.
2. Realtor's commissions will paid by the lender.
We push your listings out to Realtor.com, to our highly ranked San Diego and Orange County and the inland empire websites, to just about every San Diego MLS compliant website, and to the following real estate portals:
87% of homebuyers search on the net, when you work with McConnin & Company Realty you are putting top internet marketing to work for you.
If a potential buyer or buyer's agent can't find one of our listings.... they are not looking. 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 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? Tools to help you price and sell your real estate We 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.) San Diego Short Sales
Because John McConnin is also licensed as an attorney in Florida we were negotiating short sales while San Diego and most of So Cal was still holding stable. That experience paid off. Check out our sold San Diego short sales page, which shows just some 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 760.896.4663 or send us and email.
John McConnin Licensed Real Estate Broker and San Diego Real Estate Attorney McConnin & Company Realty
If you are serious about protection you future income or your assets, you can't afford to work with amateur short sale "experts".
Sell your real estate confidently and protect your future.
760.896.4663
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