Bedrooms: 2 Bathrooms: 2 Est.Square Feet: 1,020 Year Built: 1993 Great move-in ready end unit two story home with private yard and dual master suites. Over 1000 sqft of living space on two levels. Bedrooms and 2 bathrooms are upstairs with a half bath downstairs. NOT A SHORT SALE…Very move in ready
1 Bedroom 1 Bathroom 830 Sq. Ft Year Built 1974 Peaceful park setting makes this spectacular 1bd+2 extra rooms a gem. All one level. Kitchen is absolutely stunning complete w/ custom maple cabinets w/ pullouts and lazy susans, beautiful granite, stainless steel and tile. Laminate wood flooring, recessed lights, forced air and heat, washer/dryer in [...]
This is some really great information to determine if a condo project has FHA approval. The condo’s on this list will still qualify for FHA financing through December 31 as long as they meet occupancy of 51%, 10% reserves and no litigation. The project…
Short Sale vs. Foreclosure ~ How it Affects Your Credit Score
Many homeowners are still facing tough financial situations. Although there have been positive reports on housing and employment, families are still struggling in todays economy. San Diego has been one of the hardest hit and with the announcement last week of General Dynamics laying off over 1200 employees from NASSCO in July, many will still face the challenge of meeting obligations.
There are many misconceptions as to which may affect your credit score in a more detramental way. Short 
Sale or Foreclosure. According to Fair Isaac, the developer of the software that calculates a score, if the mortgage debt is delinquent, the delinquincy is what causes the credit score to decrease. Both a Short Sale and a Foreclosure are considered “not paid as agreed” and will be scored accordingly and equally.
If you are faced with the potential of being in a position of not being able to make your mortgage payment, the first step would be to contact your lender immediately to see what the alternatives are. Many lenders are participating in new government backed program which was enacted as of April 5, 2010 for Loan Modifications and Foreclosure Alternatives.
If you need assistance or have questions on Loan Modification please give me a call. If you and your lender have determined a Short Sale as the alternative, I am available to assist you through the process.
Making the Home of Your Dreams A Reality. As your Agent of Possibibility it is my intent to make your home buying or selling process a smooth one!
Please feel free to Subscribe to All Possibilities Throughout San Diego or contact me at 619-838-4408.
Stephanie Reynolds 
Colleen Mitchell 