San Diego

Whether you are thinking of Mount Hope, Stockton or Park West, San Diego can mean very different things to you. That should be your first effort, find the neighborhood that offers the lifestyle you need, urban, downtown or family oriented with a garage. There are more short sales than there are foreclosures now in all of our big cities around the US. Look for the term ‘pre-foreclosures’ since that is what a short sale is, another words the bank has not taken it away yet they are helping the seller get rid of that home.
For as little as $250,000 you can purchase a short sale in the middle of all that is great about San Diego and still be west of Escondido Highway near Imperial Avenue. If you are hoping for a condo steal, go for it! This is where you can benefit big time from the many investors who lost their shirts when the boom tanked. San Diego’s Gas Lamp District and Beech Street areas have many super deals under $300,000 for a 1 bedroom in the heart of the city. Many of the sellers have just received their Notice of Default and are entering the short sale market. Since they are going to see a 1099 for the amount their lender is willing to let go – don’t be shy on your offer price. If the lender can get 5% over what is owed, they will typically be able to afford your offer. Happy short sale hunting!