La Jolla Short Sales

What is a Short Sale?

In Real Estate, short sale is a sale of real estate in which the proceeds from the sale fall short of the balance on a loan secured by the property sold.  In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the homeowner.  This negotiation is all done through communication with a banks loss mitigation or workout department. 

A short sale typically is exectuted to prevent a home foreclosure.  Often a bank will allow a short sale if they believe that it will result in a smaller financial loss than foreclosing.  For the homeowner, advantages include avoidance of a foreclosure on their credit history and partial control of the monetary deficiancy. 

Are you interested in purchasing a short sale in La Jolla?

Short sales present an oppurtunity for home sellers to get out of an upside-down mortagage and give buyers an oppurtunity to purchase a La Jolla home at a bargain price. 

Featured La Jolla Short Sale Properties 

Map of Short Sale Properties in La Jolla

If you need help short selling your La Jolla home, please provide your information in the fields below and I will contact you.