“Gary, my wife has been following your informational emails for months and believes you are an excellent source of information on today’s market. We own a home in the desert near L.A. that I currently rent to a friend for much less than the mortgage. I want to consider a short sale and need to better understand what I need to do. I tried a loan mod, and they said since I am not owner occupied they can’t help. Can you help me?”
Thank you for your kind and generous words. I’d love to help you, but I only serve clients with real estate in San Diego County.
I suggest you find an agent in that area who specializes in short sales. Be careful as many agents SAY they are specialists because they’ve been to a seminar and have done one short sale. Ask them for a list of short sale listings they’ve sold and go with one who’s done at least 10.
I’d recommend an agent to you, but I don’t know one there. I hope things work out for you…