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Following are recent, real examples of our approved short sale closings.  Let us help you get YOUR short sale approved and get you on the ROAD TO RECOVERY.

NOTE:  A Non-Recourse Loan is also known as a "Purchase Money Loan".  This is a loan you get when you originally purchase your home.  The lender CAN NOT pursue you for any deficiency on this type loan and there is NO TAX LIABILITY created if your lender takes a loss on this type of loan.  However, with a Recourse Loan, also known as a "Refinance Loan", the lender CAN pursue you for a deficiency OR create a tax liability by issuing a 1099-C for their loss.  KNOWING YOUR OPTIONS IS CRITICAL, AND PICKING THE RIGHT REAL ESTATE PROFESSIONAL TO DEVELOP A STRATEGY AND NEGOTIATE THE SHORT SALE MATRIX IS EVEN MORE CRITICAL.

5 bedroom house in Poway closed 1/6/2010 for $685,000. 1st was a non recourse loan of $800,000 settled for $627,861 and 2nd was a non recourse of $200,000 and settled for $20,000. Buyer paid $10,000 toward 2nd settlement. SELLER PAID $0 OUT OF POCKET AND NEITHER LENDER PURSUED ANY DEFIECIENY, NOR DID SELLER INCUR ANY TAX LIABILITY. Poway 2 SS.pdf

4 bedroom house in Rancho Santa Fe closed 5/6/2010 for $1,700,000. 1st Loan was paid in full, and 2nd was a recourse loan of $750,000 2^nd settled for $50,000. RSF SS.pdf

3 bedroom house in Escondido closed 4/23/2010 for $300,000. 1st was a non-recourse loan of $385,000 settled for $268,910.37.  Escondido SS.pdf

3 bedroom house in Murrieta closed 4/23/2010 for $227,000. 1st was a recourse loan of $417,000 settled for $203,068.76 and 2nd was a recourse loan of $45,000 settled for $0.00.  NEITHER LENDER PURSUED ANY DEFICIENCY.  Murrieta SS.pdf

3 bedroom house in San Diego closed 4/07/2010 for $440,000. 1st loan was paid in full and 2nd was a recourse loan of $150,000 settled for $24,942.45. 2ND LENDER DID NOT PURSUE ANY DEFICIENCY. SD SS.pdf

3 bedroom house in Murrieta closed 3/31/2010 for $315,000. 1st was a recourse loan of $430,000 settled for $288,283.82 and 2nd was a recourse loan of $36,000 who came off title for $0.00.  Murrieta 2 SS.pdf

4 bedroom house in Oceanside closed 3/24/2010 for $390,000. 1^st was recourse loan of $445,000 settled for $351,382.96 and 2^nd was a recourse loan of $130,000 settled for $13,030. Oceanside SS.pdf

2 bedroom house in Escondido closed 12/18/2009 for $127,500. 1^st was a non-recourse loan of $285,000 settled for $116,920.52 and 2^nd was a recourse loan of $50,000 settled for $3,000. Escondido 2 SS.pdf

3 bedroom house in Escondido closed 12/15/2009 for $340,000. 1^st was a recourse loan of $400,000 settled for $320,293.00 and 2^nd was a recourse loan of $126,000 settled for $18,000. Escondido 3 SS.pdf

3 bedroom house in San Diego closed 10/26/2009 for $427,000. 1^st was a recourse loan of $470,000 settled for $389,642.10 and 2^nd was a recourse loan of $120,000 settled for $14,270. SD 2 SS.pdf

3 bedroom house in Poway closed 10/14/2009 for $315,500. 1^st was a non-recourse loan of $391,000 settled for $266,672.47 and 2^nd was a non-recourse loan of $45,000 settled for $3,000. Poway SS.pdf