Short Sale Agents San Marcos CA helping homeowners with upside down mortgages
Short Sale relief laws expire December 2012 for San Marc
os CA homeowners!
Do you owe the bank more than what your San Marcos home is worth?
Are you having difficulty making your mortgage payment each month?
Have you already fallen behind on your payments?
Are you looking for a way to minimize damage to your credit and avoid foreclosure?
Would you like to be able to sell your home now, pay no real estate commissions, owe the bank nothing, and get a fresh start?
Did you know that several mortgage relief laws that will save you $1000′s of dollars are set to expire December 2012?
All of the goals above can be accomplished with the help of an experienced Short Sale LOCAL real estate Agent Team. Our Short Sale Agent Team has successfully helped San Marcos CA homeowners achieve these goals so that they could move on with their lives without worry of future tax or delinquency consequences.
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 Agent Team is 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.
Just 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 we do all of the rest!
Even better, 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 so that it is completed before December 31, 2012. We have the experience. Put us to work and move forward towards a brighter future. Call your Short Sale Realtor Team specializing in San Marcos at (760) 798-9024 today for a free confidential consultation with zero obligation.
Our Short Sale San Marcos Real Estate Agent Services Include:
A 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.
What are these short sale relief laws that are set to expire in 2012 and how can they help me?
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.
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. Any delay that causes your home to sell after December 31, 2012 could cost you and your family thousands of dollars in deficiencies and taxes.
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.
Always consult your tax advisor regarding how the above laws may apply to your individual situation.
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 confidential consultation.
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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.
Better yet, get a report of all active and sold homes in your own San Marcos neighborhood. Get your FREE Comparable Home Sale Report Here.
Showing properties
1 - 10 of 500+.
See more City of San Marcos Real Estate.
(all data current as of
5/22/2013)
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$73,500 : 1930 W. San Marcos Blvd 49, San Marcos2 beds, 2 full baths
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$630,000 : 475 Jennileah Ln, San Marcos4 beds, 2 full baths
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$250,000 : 1863 Matin Cir 107, San Marcos3 beds, 2 full, 1 part baths
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$400,000 : 1462 Clearview Wy, San Marcos3 beds, 2 full, 1 part baths
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$525,000 : 1351 Corte Bagalso, San Marcos4 beds, 2 full, 1 part baths
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$650,000 : 1407 Eclipse Dr, San Marcos5 beds, 4 full, 1 part baths
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$385,000 : 831 ROCKMINT DRIVE, San Marcos4 beds, 2 full, 1 part baths
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$330,000 : 1572 Caminito Aguar, San Marcos3 beds, 2 full baths
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$310,000 : MLS # 130016461 in San Marcos2 beds, 2 full baths
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$302,000 : 2010 W San Marcos Blvd 115, San Marcos2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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