Oceanside California Free Downloadable Short Sale Report and Guide. Are you looking for a free way to track foreclosures in your area and download free reports of what short sales are available on the market? Then you have come to the right place. We will offer you real time access to search all short sales on a map, even the ones that are not listed. You can also download our pre-foreclosure reports which will give you itemized addresses, property type, bedrooms, bathrooms,etc. Click here to go to our free instant download page.
What is a Short Sale: Properties that are in default, meaning the current owner is at least 3 months behind on their mortgage or more. Short sale's require the lender approve the sale if the amount the property is selling for is less than what is owed. I recommend these to our clients when it is a property that they absolutely love and are willing to wait on. Many times it can take 3 to 6 months to get the lender to approve a short sale, and even though its under contract between the buyer and the current seller, the lender can still say no in the end! However, in many cases banks are now being incentivized by the government to approve short sales. If it's a property that the buyer isn't that crazy about, they are probably not worth the time and effort. However, sometimes waiting and being patient, can not only get you a great deal, but a great home that you love all in one. To learn more about listed short sales and to search all available short sales in Oceanside click here. If you want to view unlisted short sales on a map click here.
Things to keep in Mind when considering a short sale.
- The lender usually won't pay for any necessary repairs before purchase
- They can take 3 to 6 months before approval
- Lenders usually won't pay for a home warranty
- Lenders in many cases won't pay for a termite report or any work to be performed
- Lenders in Some cases may ask the new buyer to pay HOA dues that are past due.
