REO’s and Short Sales – Aren’t They Dangerous?

Is it Dangerous to buy San Diego Short Sales or REO properties?

It certainly can be, if you don’t have the right guidance. But when you have us at your side, you’ll have agents with the tools and experience to help you find a true San Diego foreclosure or short sale bargain – and then negotiate the best possible deal. Just as important – you’ll have guides to steer you around the hidden pitfalls that have plagued so many other home buyers.

The hazards of buying San Diego foreclosures are many, beginning with the fact that they come without the property disclosures that homeowners must submit. But we can help you learn what you need to know about a home before purchasing, understand what that home is worth, and determine whether or not the price is worth the investment.

Short sales, on the other hand, do come with a property disclosure. Also, in most cases the homeowner is still in town, available to share information about such things as how to run the sprinkler system and who to call for lawn maintenance services.

You may have heard that it is difficult to get short sales approved. This is often true. Unless the agent knows how to properly present the short sale documents to the lender, it can take months, and the sale may not be approved at all. Sadly, many agents do NOT know how to handle a short sale transaction.

We have a track record of success in the San Diego short sale market. In fact, when we work for sellers, our lender approval rate on short sales in San Diego County is 98%. And while we can’t step into the listing agent’s shoes, our experience in short sales gives us insight to spot which ones will be accepted, and which will not. We’ll help you find the short sales with the highest probability of making it to closing.

To learn more, call 619-929-1413 or write td@tomdunlap.com.