April 18, 2014

Short Sale Agents in San Marcos CA

Short Sale Agents San Marcos CA helping homeowners with upside down mortgages

We can help you do a short sale on your San Marcos home in 2014. We are San Marcos agents who are experts and have successfully helped San Marcos CA homeowners with selling their home on a short sale so that they could move on with their lives without worry of future tax or deficiency consequences. View San Marcos short sale homes for sale here and recently sold San Marcos short sales here.

Possible reasons for doing a short sale in 2014:
Short Sale Agents in San Marcos CA

There are many reasons why our clients choose a short sale in San Marcos. The combination of circumstances below make short sale the best option for many home sellers. You maybe a candidate for a short sale of your San Marcos home if you owe more on your first mortgage and/ or second mortgage/ HELOC than what your home is worth. The best way to find out is to request for a free estimate on what is your home worth in San Marcos CA below. You may be having difficulty making your mortgage payment each month and have already fallen behind on your payments or expect to be delinquent on your first and/or second mortgage payments. You may have a modified loan that you can no longer afford due to an adjustable rate or payment. There may be unexpected circumstances such as medical condition, divorce, loss of  employment, job relocation that force you to make a decision to move and sell your home.

If you are looking to make a move and are looking to minimize damage to your credit and avoid foreclosure, a short sale may be a better option than simply walking away. With a  short sale, you pay no real estate commissions, satisfy your loan or multiple loans with the bank with their short sale consent, and get a fresh start and possibly qualify to buy again in as little as one year to 3 years depending on the circumstances. Read more about buying a home after a short sale here. A short sale could also be an option for those who have a second mortgage or HELOC with recently increased payments that you can no longer afford due to a re-amortization of payments and higher interest rates.

What are these short sale relief laws in 2014 and how can they help me complete a short sale in San Marcos?

SB-931 - This law prevents your first mortgage lender from pursuing a deficiency from you after your short sale in complete.  Let’s say that you owe $100,000 more than what your home sells for in a short sale.  Before SB-931 you could have been liable to repay the bank that amount.  Until December 31, 2012, once your short sale is approved by the bank, you are free of that $100,000 liability.

SB-458 - This law is similar to SB-931 above, but is applied towards subordinate or secondary mortgages. Again, if your short sale is approved by the subordinate or secondary lender, you will be released from your secondary deficiencies.

SB-401 - This mortgage forgiveness debt relief act allows taxpayers who have had all or part of their loan balance on their principal residence forgiven by their lender to exclude the forgiven debt from their California gross income. This tax relief is those who short sell their homes in California and applies to discharges of qualified residence indebtedness before December 31, 2012.

Mortgage Forgivness Debt Relief Act of 2007 - This law generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring or a short sale qualifies for the relief. This applies to loans that were used to acquire, build, or improve upon on the home. Before this law, the same $100,000 deficiency used in the example above could have been viewed as income for tax purposes.

Recent clarifications from both the Federal Tax Board (California) and the IRS indicate that the forgiven debt from the short sale of your home may not be taxable in the first place. So, selling your home in a short sale in 2014 could also make sense for you from a tax perspective. Always consult your tax advisor regarding how the above laws may apply to your individual situation.

What does all of this really mean to me?

This means that if you’re falling behind on your mortgage payments - or are about to - that the time to take action is now to avoid foreclosure. The best way to begin to plan a favorable exit strategy is to consult with your San Marcos Real Estate Team of experts.  The first step of this process is to contact an experienced San Marcos real estate listing agent team to speak about your available options.

San Marcos Short Sale Agents

To say that our realtors know San Marcos CA well is an understatement. Our agent teams are proud San Marcos CA residents and have lived, dined, shopped, exercised, worked and had our healthcare here for the past ten years.  They know the local real estate market and all of its nuances intimately.  Our San Marcos Short Sale experts are very active on both the Listing and Buyers side of transactions, so they come into listings with a deep understanding of San Marcos’ home inventory, and a pool of ready buyers who may be looking for a home just like yours. Visit our Testimonials page to learn about some of our other former client’s positive experiences.

What to expect when completing a short sale?

Know that this process may take at least 60-90 days.  The good news is that our San Marcos Short Sale Listing Agent Team does all of the negotiating with the banks – you simply supply us with your documentation, and our short sale team negotiators will do all of the rest!

 You pay us nothing!  The bank pays the real estate commissions from the proceeds of the sale.

Now is the time to take action! Completing a short sale in San Marcos CA can take several months.  It is important to begin this process now to avoid foreclosure. We have the experience. Put us to work and move forward towards a brighter future and a fresh start to 2014. Please call Jean and Ken Tritle, your Short Sale Realtor Team specializing in San Marcos CA at (760) 798-9024 today for a free confidential consultation with no obligation.

Our Short Sale San Marcos CA Real Estate Agent Services Include:

  • Short_Sale_Agents-San-Marcos-CAA FREE, confidential, and no-obligation consultation discussing your options. In some cases, a short sale may not be the best option for you.
  • Gathering the right paperwork to start process of initiating short sale with your lender(s).
  • Explaining the short sale process in detail and keeping you up to date with how the process is moving along.
  • We will have a customized marketing plan to sell your home to an able, willing, and committed buyer, and/or a back up buyer if any.
  • Keep in close contact with your lender(s) to ensure we are meeting all requirements to obtain short sale approval.
  • Ensure that you are up to date from initial consultation, listing, marketing, offer negotiation, obtaining short sale approval and closing process thru timely method of communication that is most convenient for you.
  • Work to ultimately get short sale approval with the goal of obtaining forgiveness of your mortgage debt with no future deficiency judgment.

Is Short Sale the right option for me? Fill out the information below for a free consultation.

Considering a short sale and need more information? Please take a minute to fill out the request form below. All information you provide will be kept strictly confidential. No obligation. No spam. If your property is located outside of the areas we serve, go ahead and fill out the form below. We have a team of short sale Realtors® available to help you anywhere in the United States. We understand that you need answers to your questions and we are here to help you and will be available to you for a free consultation. You may also call us at 760-798-9024.

Your Name (required)

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Please tell us below your motivation for selling your home and any other questions you may have to find out if a short sale is the right option for you.

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 I am late on my loan payments I am still making timely loan payments I expect to be delinquent on my loan payments I am delinquent on property taxes Iam delinquent on HOA fees (if applicable) I expect to be delinquent on property taxes/and HOA fees if applicable

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If necessary, do we have your permission to share your contact information with a qualified agent in your area? (required)
 Yes, please have a qualified agent in my area contact me. No, please do not have a qualified agent in my area contact me.

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If you need a more precise valuation estimate of your home, we will arrange to tour the property with you. Tell us when is a convenient time to see your home at 760-798-9024.

Our goal is the same as yours – to complete a successful short sale of your home, allowing you to move forward with a clean slate.  To begin this process, contact us at Team@dreamwellhomes.com for a no-obligation and confidential consultation.

San Marcos Homes For Sale

Sold San Marcos Homes

See all City of San Marcos Real Estate.
(all data current as of 4/18/2014)

  1. 4 beds, 3 full, 1 part baths
    Home size: 2,462 sq ft
    Lot size: 3,600 sqft
  2. 3 beds, 2 full, 1 part baths
    Home size: 1,762 sq ft
    Lot size: 5,872 sqft
  3. 3 beds, 3 full baths
    Home size: 3,140 sq ft
    Lot size: 24,394 sqft
  4. 3 beds, 2 full baths
    Home size: 1,134 sq ft
    Lot size: 13,021 sqft
  5. 2 beds, 2 full baths
    Home size: 1,305 sq ft
  6. 2 beds, 1 full bath
    Home size: 857 sq ft
    Lot size: 4,170 sqft
  7. 3 beds, 2 full baths
    Home size: 1,315 sq ft
    Lot size: 4,058 sqft
  8. 3 beds, 2 full, 1 part baths
    Home size: 2,407 sq ft
    Lot size: 7,599 sqft
  9. 5 beds, 4 full, 1 part baths
    Home size: 3,516 sq ft
    Lot size: 5,940 sqft
  10. 3 beds, 2 full, 1 part baths
    Home size: 1,826 sq ft
    Lot size: 8,442 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

See all City of San Marcos Real Estate.
(all data current as of 4/18/2014)

  1. 4 beds, 3 full, 1 part baths
    Home size: 2,462 sq ft
    Lot size: 3,600 sqft
  2. 3 beds, 2 full, 1 part baths
    Home size: 1,762 sq ft
    Lot size: 5,872 sqft
  3. 3 beds, 3 full baths
    Home size: 3,140 sq ft
    Lot size: 24,394 sqft
  4. 3 beds, 2 full baths
    Home size: 1,134 sq ft
    Lot size: 13,021 sqft
  5. 2 beds, 2 full baths
    Home size: 1,305 sq ft
  6. 2 beds, 1 full bath
    Home size: 857 sq ft
    Lot size: 4,170 sqft
  7. 3 beds, 2 full baths
    Home size: 1,315 sq ft
    Lot size: 4,058 sqft
  8. 3 beds, 2 full, 1 part baths
    Home size: 2,407 sq ft
    Lot size: 7,599 sqft
  9. 5 beds, 4 full, 1 part baths
    Home size: 3,516 sq ft
    Lot size: 5,940 sqft
  10. 3 beds, 2 full, 1 part baths
    Home size: 1,826 sq ft
    Lot size: 8,442 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Short Sale Related Articles

How California Homeowners Avoid Foreclosure

California Foreclosure Timeline

Short Sale- Frequently Asked Questions by home sellers in California

HAFA: Home Affordable Foreclosure Alternative

Short Sale: What to do when considering a short sale

What are the effects or consequences of a short sale?

Should you do a short sale in 2012? Short Sale Laws that favor home sellers in California in 2012

Tax Relief for Homeowners

Short Sale Agents Help Homeowners with underwater mortgages

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View San Marcos CA Short Sale Listings

San Marcos CA 92078 Short Sale Listings 

San Marcos CA 92069 Short Sale Listings

Curious with what’s selling in San Marcos these days? View recently sold real estate  in San  Marcos below.

What is my home worth in San Marcos?

free-home-value-estimate-californiaDo you have a home to sell? Get a free home value estimate here. No obligation. No Spam. Just the facts.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation ©2014 Sandicor®, Inc.

Properties on this website was last updated as recently as 4/18/14 3:47 PM PDT.

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