Central Coast Short Sales Archives | Vandenberg AFB Homes

Short Sale vs. Foreclosure When You Have a HELOC in California

Just walking away may seem like the easiest way out, but it may in fact make things more complicated for you. If you have a HELOC, I do believe a short sale is usually worth the hassle. At the very least, a short sale gives you the opportunity to negotiate with your lender up front - and, foreclosure is always there as an option, but a short sale isn't.

How Time Can Run Out On Your Santa Maria Short Sale

One of the worst things that distressed Central Coast homeowners do is waiting until the clock is ticking before contacting a short sale agent. When does the clock start ticking? I tell people it starts ticking when you stop paying. Ideally, if you know a financial hardship is imminent, you should begin exploring your options, including a short sale, before any payments are even missed. In its recent Open Letter on Short Sales, the California Association Realtors reports that according to surveyed California Realtors® only about three out of five short sales close.

Should I Make an Offer on a Central Coast Short Sale Property?

January 12, 2009
Vandenberg AFB Homes
Central Coast Real Estate, Short Sale Info

Short sales are popping up all over the Central Coast of CA due to the recent housing boom/bust. Many buyers are interested in these properties because they offer the possibility of today's prices with less competition from other buyers.