Loan servicers working on behalf of Fannie Mae and Freddie Mac signed off on a record number of short sales in 2012, according to a report from the mortgage giants’ regulator, the Federal Housing Finance Agency (FHFA). Short sales and deeds-in-lieu of foreclosure totaled 37,966 up 23 percent from a year ago. Fannie and Freddie implemented accelerated timelines in June 2012 for reviewing and approving short-sale transactions.The mortgage giants’ inventories of “real estate owned” (REO) homes also continued to decline, as Fannie and Freddie got rid of homes faster than they acquired them through foreclosures.… Read the rest

2nd Hour of the show featuring Glen Henderson & Craig Sewing

If you are facing foreclosure or have any questions regarding a short sale and the foreclosure process, please do not hesitate to contact our team. We specialize in San Diego Short Sales, Orange County Short Sales and Riverside Short Sales. Also make sure to read our reviews on Yelp, Google, Zillow and Kudzu.… Read the rest

Check out our new listing brought to you exclusively by San Diego Short Sale Experts!

Don’t miss your opportunity for this great 2 bedroom, 2 bathroom condo in Spring Valley! This unit is quietly tucked away in the back of the complex, and has much to offer. Features great hardwood floor, granite counter tops, heat/AC, fenced backyard and community pool. This unit has been very well kept and will go quick!… Read the rest

Check out our new listing brought to you exclusively by SDShortSalEexperts.com!

COMING  SOON! Don’t miss your opportunity for this great 4 bedroom, 3 bathroom home in Chula Vista! – See more at: SDShortSaleExperts.com… Read the rest

San Diego Short Sale Experts have another Approved short sale at 18647 Robleda. Approved at $1,100,000 and is truly paradise in Rancho Bernardo. 619-500-3332 or info@silvercrestrealty.com for more info. Dont miss this great opportunity for a San Diego short sale.

If you are facing foreclosure or have any questions regarding a short sale and the foreclosure process, please do not hesitate to contact our team.… Read the rest

Mortgage Debt Forgiveness Act extended through 2013

Congress has waited for the ninth inning to come to an agreement about the fiscal cliff deal. Many new developments for all Americans, but the one we were waiting for was the Mortgage Debt Forgiveness Act  and if it was going to be extended…and it was!

For huge numbers of financially distressed owners of homes with underwater mortgages, this was the biggest issue in the entire fiscal cliff debate.… Read the rest

Posted by the Associated Press December 2012

Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.

In the third quarter, sales of homes already in the foreclosure process jumped 22 percent compared to the previous quarter and a year earlier, foreclosure tracker RealtyTrac Inc.… Read the rest

All of us here at SDShortSaleExperts.com are dedicated to our clients and helping them every step of the short sale process. Short sales dont have to be an ugly process, we are here to make it easier for you. Meet our clients The Pearson’s, who have successfully closed on their short sale, even after they thought that day would never come. 

“The team at Silvercrest Realty are the BEST!… Read the rest

Those words you never want to hear when looking for a new home to buy. So many of our clients do not understand what Mello-Roos is and why they have to pay it. Let us help explain it better…

WHAT is A MELLO-ROOS FEE? A Mello-Roos fee is a separate charge on a property tax bill in addition to the 1 % property tax rate allowed by Proposition 13, The funds are used exclusively to pay for public facilities such as police and fire departments, schools, parks, roads and libraies, etc.… Read the rest

Fannie Mae announced today that it has reached delegation agreements with all of its mortgage insurer counterparties so that servicers can complete short sales and deeds-in-lieu of foreclosure without seeking approval from the insurer. These agreements will further streamline the foreclosure prevention process and allow short sales and deeds-in-lieu to be completed more efficiently. “Short sales and deeds-in-lieu are important tools to prevent foreclosures and help struggling borrowers,” said Leslie Peeler, senior vice president, National Servicing Organization, Fannie Mae.… Read the rest