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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 MIGHT be able to 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.

4 bedroom home in Murrieta sold for $221,000 on 11.18.11.  1st was owed appx. $450,000 and settled for $202,463.49. 11.21.11 Murrieta SS.pdf

3 bedroom home in Oceanside sold for $225,000 on 11.1.11. 1st was owed appx. $450,000 and settled for $208,204.09.  11.2.11 Oceanside SS.pdf

5 bedroom home in Murietta sold for $325,000 on 10.25.11.  1st was owed appx. $490,000 and settled for $288,930.79. 10.28.11 Murrieta SS.pdf 

2 bedroom home in Escondido sold for $106,500 on 9.22.11.  1st was owed appx. $320,000 and settled for $184,959.39. 9.9.11 Escondido SS.pdf

1 bedroom condo in San Diego sold for $120,000 on 9.16.11. 1st was owed appx. $125,000 and settled for $109,951.44.  8.19.11 San Diego SS.pdf

2 bedroom condo in San Diego sold for $200,000 on 8.30.11.  1st was owed appx. $315,000 and settled for $172,245.54. 2nd had MI and was owed over $75,000 and settled for $12K

7.29.11 San Diego SS.pdf

4 bedroom home in Murrieta sold for $345,000 on 7.29.11.  1st lender was owed appx. $567,000 and settled for $316,967.39. 2nd was owed appx. $67,000 and settled for $3,673.47           7.28.11 Murrieta SS.pdf

3 bedroom home in Lake Elsinore sold for $174,000 on 7.13.11.  1st lender settled for $149,319.94. 2nd settled for $3,000.  BK court approval obtained. No deficiences on either loan. 6.24.11 Lake Elsinore 1st.pdf      7.13.11 Lake Elsinore 2nd.pdf

5 bedroom home in Poway sold for $299,000 on 6.28.11. 1st lender was owed appx. $500,000 and settled for $269,463.60. 2nd lender was owed appx. $110,000 and settled for $10,740. 1st paid the 2nd the full $10,740.  Multiple foreclosure sale datespostponed.                                 7.1.11 Poway SS - 1st.pdf     7.11.11 Poway SS - 2nd.pdf

3 bedroom home in Canyon Lake sold for $170,000 on 5.17.11.  1st lender was owed $330,000 and settled for $156,232.78.  There was no 2nd lender. 4.14.11 Canyon Lake SS.pdf

2 bedroom home in Oceanside sold for $159,000 on 5.20.11.  1st lender settled for $146,724.10 and there was no 2nd lender. 3.28.11 Oceanside SS.pdf

2 homes on one property sold for $328,300 closed on 2.17.11.  1st lender was owed $520,000 and settled for $303,657.  2nd lender was owed $42,000 and settled for $3,000 1.20.11 Ramona SS.pdf

3 bedroom home in Temecula sold for $185,000 closed on 1.14.11. 1st lender was owed $300,000 and settled for $165,090.97 and 2nd lender was owed $50,000 and settled for $3,000.  12.31.10 Temecula SS.pdf  11.18.10 Temecula SS.pdf

3 bedoom home in Ramona sold for $218,000 closed on 11.24.10. 1st lender was owed $295,000 and settled for $194,487.86. 2nd lender was owed $98,000 and settled for $3,000. 10.28.10 Ramona SS.pdf  11.1.10 Ramona SS.pdf

5 bedroom home in Temecula sold for $365,000 closed on 11.22.10. 1st lender was owed $560,000 and settled for $332,737. 2nd lender was owed $66,000 and accepted a direct settlement payment of $10,770.  10.6.10 Temecula SS.pdf

5 bedroom home in Poway sold for $405,000 closed on 9.24.10.  1 lender was owed $480,000 and settled for $381,349.9.27.10 Poway SS.pdf

3 bedroom home in El Cajon sold for $275,000 closed on 10.19.10. 1st lender was owed $370,000 and settled for $254,370.94. $60,000 IRS lien settled and removed from ttile for $0.00 due to short sale. 7.29.10 El Cajon SS.pdf

3 bedroom home in Rancho Bernardo sold for $435,000 closed on 9.3.10.  1 lender was owed $475,000 and settled for $404,240.76. RB SS.pdf

5 Bedroom home sold for $710,000 in Costa Mesa closed 8.18.10. 1 lender was owed $868,000 and settled for $666,907.69.  Did not pursue the deficiency Costa Mesa SS.pdf

2 homes on 1 lot sold for $400,000 in San Diego closed 8.12.10. 2 lenders.  1st was $500,000 and settled $360,142.35 and 2nd was $132,000 and settled for $13,500. San Diego SS.pdf

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