Short Sales — Are There Options?

Short sales are becoming a way of life, kind of the norm in San Diego. Unfortunately, for too many families these days, a short sale may be the best option. . . but for others. . . well, here’s a true story.

I had clients who were being transferred, he had a government job that required a security clearance, which requires good credit. With prices falling, they were faced with moving hundreds of miles away and trying to rent their home…this would mean they could not purchase a home in their new location….or, was there another way of looking at the situation?  For this family, they made the decision to bring money to closing. It meant taking money from savings and some from 401k, and this isn’t for everyone. But in their situation it enabled them to sell their home and purchase their dream home with a VA loan. They happily moved last month.

I have had other clients borrow from family members and pay them back on a monthly basis. It enables them to keep their credit and move on, buy a new home.

Short sales will probably be a way of life for some time to come….but there may be other options..think about it…and, if you know someone who needs some help, let me know, I can help!

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