July 11, 2013 by SDSSR

We’re often asked to explain the difference between Short Sales and Foreclosures. The issue is addressed on our Frequently Asked Questions Page, but we decided to expand the FAQs answer with this blog post so we could further illustrate the practical consequences of both options. In a short sale the lender reduces the payoff so that [...]

July 11, 2013 by SDSSR

We negotiate quite a few short sales on investment properties. Recently we’ve encountered several instances where one of our sellers has received a Notice of Default and subsequently rented the property. This is permissible in California with one caveat: The owner of a rental property that’s in foreclosure must provide the tenant with a written disclosure [...]

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