6.13.2012 – Expedited Short Sales

New rules expedite short sales in San Francisco and throughout California.

You learn something every day! Until reading the CNN Money article at the link below, I had no idea that there was such a large number of short sales in California being attempted. Also surprising to me was how many of these attempted short sales have been falling through due to the delayed response times of involved lenders.

Instead of successful short sales, these slower short sale transactions are going into foreclosure. To combat this severe situation, new rules have been created and are now in place to help expedite the short sale process in California, Arizona and nationwide.

Learn more details about this changing real estate situation and the new federal rules aimed to speed up the short sale process in California and throughout the United States. This improvement in regulations will hopefully lead to a reduction in foreclosures.

CNN Money explains new federal rules expediting short sales.

Hopefully less real estate in Los Angeles, California and throughout the U.S. will be in foreclosure.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout California and Arizona.  We lend in all major cities in California including, Los Angeles, San Francisco, San Diego, San Jose, Fresno, Sacramento, Anaheim, Bakersfield, Riverside and in Arizona cities including, Phoenix, Tucson, Mesa, Chandler, Glendale and Scottsdale.  If you have been turned down by traditional banks, your goal of obtaining a loan is still a possibility. If you need a private hard money lender to fund your hard money loan, Source Capital Funding wants to help you. We can be reached at 858.705.6144 or via email using our convenient online form.

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