Seller Tips and Reports

The San Diego Short Sale Option

At Watkins Realty Group, We are Short Sale Experts that specialize in helping homeowners who are heading into default on their current loans or are already in foreclosure. We have helped many homeowners sell their properties on a short sale basis, and can help you as well.

Please take the time to browse through our site and gather the information that you are looking for. If you have further questions about Short Sales or would like to set up a a short sale free consultation, you email or call our Broker, Gregg Watkins at 619-665-6789. We will be happy to assist you.

We understand that defaulting on your mortgage is a difficult situation. Many people see themselves heading into default, or are already in foreclosure. What most people don't realize is that they have the option of a short sale before the bank takes away their house. A short sale is an alternative to foreclosure and one that is a much better alternative for your credit than a bank foreclosure.

A short sale occurs when the owners sell their property for less than the balance owed. Negotiating the short sale with a lender takes a team that is experienced and understands the short sale process.

Having Trouble Making The Payments? Are You...

• Borrowing money from other sources to pay your mortgage?
• Feeling more stressed with each missed payment or phone call from the bank?
• Becoming confused as to what your options are at this point?

Is there a Foreclosure Sale Date Approaching?

• Are you unsure how much time you have before the bank takes your property? See our Foreclosure section for more information on foreclosure timelines.
• Time is limited, so if the short sale option make sense for you, it's best to give yourself as much time as possible to short sale your property.

Can You Qualify For A Short Sale? Do You...

• Owe more on your property than the current market value?
• Not have money to cover the difference of what you could sell
  your property for and what you owe the bank?
• Not have the money to pay for real estate commissions, closing costs, late payments, etc?
• Have difficulty covering your monthly expenses?
• For more information on short sales, see our FAQs Section

The Benefits Of A Short Sale to the Homeowner AND Lender

• Your home gets sold and the lender accepts the sale proceeds as full satisfaction of the loan.
• You have no out-of-pocket costs when completing a short sale. The lender pays the sales costs including, real estate commissions, title and escrow.
• Your credit record is protected from a foreclosure and you can move forward with your life.
• Lenders work with the offers we bring them because the short sale saves them money in the long run.
• The sale allows the lender to avoid the expenses of foreclosure proceedings and from having another REO property on its books.

Here's How A Short Sale Works

• We list your home as a short sale and begin marketing the property
• We help you gather financial information requested by the lender, assemble all the necessary forms, contact your lender(s) and begin the process.
• We submit the offer(s) on your property, financial information, and other documents to our lender contacts and begin negotiating the short sale of your property.
• We coordinate with the lender(s), escrow and title companies, attorneys, public trustees, etc. for the approval of your short sale.
• When the property closes escrow, you will be relieved of your debt and are free to move on with your life.

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Still have Questions? Call or email us, and we will be happy to provide you with additional information about how a short sale works and what option makes the most sense for your individual situation.