San Diego Hope Now is a program started by a local San Diego organization to help San Diego homeowners GET THE FACTS about loan modifications, short sales, and other mortgage options. We are your one stop source for help. Find out more about your mortgage options below:
Loan Modification
A Loan Modification is a permanent change in the terms of a loan (Interest rate reduction, Term Length, etc.), which will typically result in a more affordable monthly payment.
Deed in Lieu
A deed in lieu of foreclosure is when a homeowner voluntarily deeds the subject property to the lender in exchange for a release from all obligations under the mortgage.
Short Sales
A short sale will allow a homeowner to sell their home for less than the amount owed on the mortgage. In most cases, the difference does not have to be paid back to the lender.
FAQ's
Do I need to be behind on my mortgage to do a short sale? I've heard that if I do a short sale, I will incur a large tax liability. Is this true? Why is this service free? We have answers.