I agree with SK. I have seen no significant impact on short sale processing or trustee sale quantity due to any regulatory issues in San Diego county. As SK said the quality of the servicing is mediocre at best. Furthermore there is no urgency at all. The bailouts have happened, the accounting for the distress asset has been completed for the most part.
Why should the servicing happen with any expediency or quality when there is no incentive to do so?
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What I find more often then not is that people generally do not have a long term plan. What is your long term plan? Is it to acquire real estate? Is it to invest in equities? Are you trying to time the real estate market? Are you in the process of acquiring rentals? More often then not people do things because the present conditions. Those conditions may be in their personal life, work life, or external market conditions. So they let the external world guide their process. Other people are the opposite. I think the best way is to have a blend of both, to have a long term plan that guides major decisions however the timing of those decisions will be influenced by the present conditions. As I said earlier, really the only reason to sell now is if you belief the market will depreciate substantially in the NEAR future. Additionally if you do not have a solid plan for what to do with your proceeds then that may not be good.
It sounds to me like you are attempting to be a market timer with respect to the San Diego re market. Nothing wrong with that at all. I have not seen any plausible explanations for what will cause a sudden turnaround and won’t waste time arguing those that I have seen. I don’t agree with the timing but you never heard of anyone going broke selling in hot market. Just don’t do something stupid with the proceeds.
