Johnny ShortSales

Notice to all the buyers who are sitting on the fence and waiting to see if prices decline further:

If interest rates increase 1%, that's equivalent to 10% in purchase price.

Ask yourself, "Which do I think is more likely - interest rates increasing 1% or sales price dropping another 10%?" Are you willing to bet with your bank account?

This is the best time to buy in Southern California in a generation. Take advantage of it while you still can!

If you're doing short sales, you'll quickly realize that your clients will need to have a legitimate hardship for a lender to approve the short sale. Examples of legitimate hardship: loss of income, medical issues, death, divorce, etc. These are long-term situations that cannot be remedied.

Examples of things that are NOT considered a hardship: two bathrooms instead of three, "I'd really like to move," I saw on TV that I can walk away from my house with no repercussions, I made a bad decision and spent all my savings on a vacation , etc. (Yes, these are real "hardships" I have encountered)

What we're seeing in our market right now are two types of sellers:

1. Those who have a legitimate hardship OR were put into a mortgage through fraudulent or deceptive practices. This is the group that deserves our attention and needs our help.

2. Those who made poor financial decisions and are trying to beat the system by walking away from their obligations because of the current economic chaos. This group does not deserve our attention.

The lenders and the government are sympathetic to group number one. Group two? Not so much.

For a free copy of a sample hardship letter that works like a charm, send a message to info@johnnyshortsales.com.

Pretend you are moving to San Diego and you've never been there before. You're committed to living in a beach community, but you don't know much about any of them.

What do you know about the beach communities in San Diego that would be useful for an outsider to know? What do you wish someone would have told you? Favorite bars, restaurants, and shops? What are your "insider's secrets?" Bring the good, bad, and the ugly. I have a Starbucks gift card for the best post, so don't be bashful!!!

San Diego beach communities, in no particular order...

1. Pacific Beach

2. Ocean Beach

3. Mission Beach

4. La Jolla

5. Imperial Beach

6. Coronado Island

7. Point Loma

8. La Playa

9. Roseville/Fleet Ridge

10. Solana Beach

We have great relationships with all the major banks - especially the ones who were offering the adjustable-rate products. Sometimes you can keep your house and sometimes it makes sense to sell it. Either way, it beats a foreclosure on your credit report.

If you know someone who needs to sell real estate in San Diego County and has no equity, we can help. There are lots of scammers out there and we are happy to show you how we work and why. We believe there is a "win-win" in every transaction and our program has been approved by the best lawyers in the business.

Contact us today for a free, no obligation consultation. You can remain anonymous...we don't mind.

If you're a real estate professional and need help for your clients in situations like this, we can help you too.

info@johnnyshortsales.com