When should I consider a San Diego short sale?

As a San Diego homeowner, When should I consider a short sale?

If the current market value of your home is less than the balance due on your mortgage you should consider a short sale as soon as you know you will be unable to continue making payments without borrowing from other sources.

If things are tight and you don’t see the light at the end of the tunnel, its time to look at your options.

Don’t wait until a foreclosure is threatened, and don’t use up all your resources and/or borrow from other sources in order to maintain payments on a home that you cannot keep.

An important point to note is that a homeowner seeking to do a short sale must demonstrate that they are unable to continue making payments on the mortgage and that the circumstances that prevent payment were unforeseeable and occurred after the property was purchased.

Although some real estate agents will tell you it can’t be done, homeowners with both income and assets are often allowed to dispose of property through a short sale. Visit our strategic default page for further information.

There are no hard and fast rules, because every short sale situation is different. If you’d like specific answers that relate to your situation, call 619-929-1413 or write td@tomdunlap.com to ask your questions. We’ll be happy to answer them and to explain the short sale process.


Please note that the information provided on this San Diego short sale page is generic, academic information used for general information purposes and may not be construed as or relied upon as a promise for a specific outcome.

This site provides information about real estate, law, income taxes and credit scores as relates to borrowers in distress, short sales and similar situations. The site is designed to help users safely cope with their own needs. Information is not the same as advice — the application of law or regulations to an individual’s specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer, tax adviser or other specialist if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. The models in photographs accompanying the testimonials on this website are used for illustrative purposes and are not a personal endorsement.