Short Sales in Serramar

As many residents of Serramar are aware, Short Sales and Bank Owned properties have continued to make up the bulk of the sales in the community over the last 12 months. I took a quick look and discovered that there have been 13 sales in the last 12 months, with the following breakdown;

1 Conventional sale
5 Bank Owned (REO) sales
7 Short Sales

Until we see some improvement in the market, many homeowners, especially original owners, will be faced with negative equity in their homes. Before this most recent downturn in the market, the majority of homeowners had never heard of a Short Sale, Loan Modification, REO or the various workout programs that are being discussed in the media. Now it has become common to hear of these topics on a regular basis. As a result, I believe Short Sales will be here to stay for the foreseeable future.

As a resident of Serramar, and a real estate broker for nearly 20 years, my objective is to be a resource to homeowners who may need to consider the option of a Short Sale. There are numerous factors to consider and several questions like;

  • Can I qualify for a Short Sale? 
  • What happens to my credit? 
  • Do I have to pay back the difference? 
  • How much does it cost?
I monitor the local real estate market daily, especially Serramar, and offer my services and expertise. I can give homeowners objective real estate advice and connect them with other professionals like CPA’s and Attorneys that can advise them on the legal and tax implications of a Short Sale.
To Discuss your particular situation, please call my office at 619-618-1966 to schedule a no-cost and confidential appointment.

For Sale: 7625 Eastridge Drive La Mesa, CA. 91941 MLS#110060256

7625 Eastridge Dr.

This home is located at 7625 Eastridge Dr. and consists of 5 bedrooms and 3 baths of approximately 3,127 square feet. This home is a residence plan 5, with numerous upgrades.  Amenities include wood flooring, stone tile, granite counter tops in the kitchen as well as a huge covered patio for outdoor entertaining.

For additional details or to schedule a showing, email me or call me directly at 619-618-1966