Real Estate Short Sales

We specialize in real estate short sales in San Diego County but also have experienced real estate agents throughout the country that we can refer to you.

Right now we are experiencing market conditions that are making Real Estate Short Sales very popular. Over the last few years you would never hear or talk about a short sale because your home had gone up in value and you would not be faced with a loss due to having to sell your home.

Now that the real estate market has slowed, and homes are not going up in value like they once did, you are hearing people talk about real estate short sales.

In case you didn’t know; what is a Real Estate Short Sale? To keep it simple, a Short Sale is when you sell your home for less than what you owe your mortgage company.

When does a short sale make sense? If you need to sell your home because you can’t make the mortgage payment or you need to move because of uncontrollable circumstances, then you should consider a short sale. Banks are very reluctant to do a Short Sale and do not make this an easy process. If you want to do a short sale, you have to get approval from the bank. It is not something they will allow everyone to do. The process you went through to get approved for your home mortgage, you will need to go through a similar process but this time showing the bank that you have no way of continuing to make your mortgage payment.

Depending on your situation, it may or may not make sense to do a short sale. We can help you understand and determine what all of your options are if you give us a call.

We want to see you make the right decision and we will help you do what makes the most sense for you, not for us. The most frustrating thing that we deal with in this market is the vultures that seem to surface every time someone has a difficult time with their mortgage payment. We want to warn you of these Real Estate Scams, Short Sale Scams and people offering to help you get rid of you home, or offer to have you sign the home over to them in exchange for money. Don’t do it, don’t sign anything. I can’t tell you how many horrible situations we see people get into because someone was looking to take advantage of an unfortunate situation.

After reading this you will ask yourself why we do this, I am sure they want to make money as well.

Yes, we make money but we make a reasonable real estate commission just like any other agent that would help you sell your home. We don’t have you sign your home over and then flip it, or rent it out to someone else and collect rent payments while it goes into foreclosure over the next few months. We have experience that goes far beyond your typical real estate agent. Our President, Carlos Aguilar has years of experience helping people with short sales. He has worked on the other side working in the loss mitigation and REO departments for several large institutions and knows exactly what needs to be done to complete a real estate short sale.

If you are experiencing difficulty making your mortgage payment, please call and speak with us about the possibility of a real estate short sale.

We have been working with banks for years and have helped hundreds of people complete a short sale from start to finish.

Carlos Aguilar
Team Aguilar
Real Estate Short Sale options in San Diego.

When you are facing a difficult situation and feel that you may not be able to keep making your mortgage payments you need to act quickly because you may have some options. Many people do not fully understand the foreclosure process and do not realize that banks do not want to be in the business of owning real estate. They are more likely to work with you and try to work something out instead of taking your home.

If you want some advice or assistance selling your home or understanding what your options may be, please call us. Here at Team Aguilar we have helped thousands of clients work through a difficult situation.

Some of your options to consider are

- Selling You Home
- Negotiating a Forbearance
- Doing a Short Sale
- Refinance Your Home

Some real estate scams you need to be careful of, don’t sign anything and don’t allow anyone to tell you that they will help you out and take away your problems. The reality is that many people take advantage of people in a tough situation.

Make sure you call or email Team Aguilar if you have any questions.

We will be happy to provide you sound advice and discuss what you options are.

Thank you,

Carlos Aguilar
President
Team Aguilar
Helping people avoid foreclosure by providing them a real estate short sale to sell their home.

A Short Sale can help you avoid foreclosure.

Question: We are in financial trouble. Our house will not sell for enough money to pay off the mortgage, let alone a real estate commission. What is a short sale and how can this help us in our situation?

A: A short sale is when the lender allows you to sell the home for less then what you owe.

Why would a lender permit this? The decision depends on a number of factors: Where is your house? How much loss will the lender suffer? What is the possibility that an investor would buy the property at a foreclosure sale? Each lender has its own requirements, so I can provide only general information.

Why would a lender permit this? First, you should understand that not all lenders do. The decision depends on a number of factors: Where is your house? How much loss will the lender suffer? What is the possibility that an investor would buy the property at a foreclosure sale? Each lender has its own requirements, so I can provide only general information. You will have to consult your lender to determine what it needs to move forward with a short sale.

The short-sale process works but is complicated, time-consuming and uncertain. If you can start now, before you are in default, you will be ahead of the game.

With the sub-prime mortgage market taking a hit like it has in the early part of 2007, we have seen a large increase of distressed property. Major real estate markets have been effected. San Diego has seen some significant changes but not as bad as many other markets.

When you look at data in the San Diego area, the property that is selling is being sold at a fair market price. We are not seeing the fire sale we saw just a few months ago when your home would sell before you could put up a for sale sign. With mortgage rates increasing, allowing fewer people to afford to purchase and driving the demand down, it indirectly effects the family’s that have purchased a home thinking that they would be able to refinance into a lower payment after a few years. The increase in interest rates has increased the amount of property’s that will go into default.

REO property is the end result of a person loosing their home and the home going back to the bank to be sold. It becomes an REO property which stands for Real Estate Owned and now becomes the banks top priority to sell. Banks do not want to be in the real estate business and do not want to take back a property but unfortunately when all other avenues are exhausted the end result is foreclosure and the bank takes back the property so they can sell it.

REO property can be a great investment for investors and regular individuals looking to buy a home. It can also be a more complicated process to purchase a REO home but working with a experienced Real Estate Agent can help make the process fairly simple.

If you think that you may want to purchase REO or bank owned property and you are not sure where to start. Please call us today to discuss. We have a experienced team that works with many banks REO departments all over the country and we can help you find something depending on what your needs are. We have all of the San Diego Foreclosure Information you will need if you are looking to purchase foreclosures in San Diego County.

Carlos Aguilar