Santa Clarita Short Sales–you might want to approach yours in a strategic way…

A Short Sale is a pre-foreclosure.  Some of the short sales we handle in the Santa Clarita Valley, have not had a Notice of Default Filed.  Some of the owners have not missed a payment – but the writing is on the wall. 

 

As an attorney friend, Lou Esbin, of ours states, “the best time to inquire about a Short Sale is when the Sellers are current.”  If you have missed a payment, you still need good advice and need to get into contact with a Short Sale Expert.  Someone that has undergone the certification process with regard to Short Selling Homes and Properties.  If you are the Seller that I mentioned, that has not missed any payments, but see that your payments might fall behind – contact us and we will put you into contact with the right sources of information.

 

Short Sales are nothing new – it is the way in which they are handled that is.  There are government programs that provide assistance.  But some of those programs are not helping “joe and jane” homeowner.  In fact, some of the government programs do not seem to be helping anyone at all.

 

If you want to view all of the government programs – get to our MAC BOX resource and type in the words short sale help.

 

You can find our MAC Boxes on all of our Paris911 Re/MAX Resources – anywhere we are posting you will see, the soon to be more famous, MAC BOX.  We have it set up for Buyers and sellers as well – type in anyone of those titles and you will be able to view very specific and on target intel.

 

Short Sale Negotiation in Santa Clarita Valley

 

If you have been looking for short sale help – don’t forget our short sale resources – We are the Paris911 Team at REMAX and you can find out short sale specific website that will answer so many questions.Short Sale Help Call for Santa Clarita

santa clarita realtor, santa clarita real estate, realty, homes

All of the most recent listings for sale in the Santa Clarita Valley and the Cities Therein are posted and updated on an hourly basis.

You will not find fresher content on the web without them being much more intrusive.  We have developed several systems that populated our sites with the most recent Buyer and Seller Data - So you can view listings without all of the BS.

Let us know if you see anything of interest.  The cities Covered are Acton, Agua Dulce, Canyon Country, Castaic, Newhall, Saugus, Stevenson Ranch and Valencia.

We are RE/MAX of Santa Clarita's Paris911 Team - Head Quartered at 25101 The Old Road, Santa Clarita CA, 91381 - 661-513-4620

Short sales improve at a “snail’s pace”

Short sales improve at a “snail’s pace”: "

More real estate agents are learning to transact short sales, and more homes are selling that way — for less than what’s owed on the mortgage, as long as the lender approves — instead of going into foreclosure.

But a real estate agent who regularly focuses on the big picture in Orange County says it’s not looking good. There’s improvement in moving short sales, he says, but it’s happening at “a snail’s pace.”

Steve Thomas of Altera Real Estate, who does a bi-weekly analysis of the Orange County housing market, writes:

“There is nothing more frustrating than short sales in today’s market. The name should be changed to ‘uncertain’ sales and there is nothing ’short’ about short sales.

“Some short sales are grossly under-priced and receive multiple offers above the list price. Yet, the final agreed upon price may still be too low, jeopardizing the lender’s approval of a short sale.

“In a short sale, there are three approvals that need to take place. First, the buyer must qualify to purchase the home. Second, the seller must have a true hardship, no money secretly tucked away, in order to qualify for a short sale. Last, the home must appraise for close to the agreed upon price between the buyer and the seller.

“A lender is not in a rush to accept a short sale payoff where the home is selling for $25,000 below the real market price. There are so many obstacles to putting a short sale together, it will make your head spin. Outstanding homeowner association dues, outstanding property tax payments, collection agencies, attorneys, first trust deed holders, second trust deed holders, all potentially stand in the way to closing a short sale.”

He says as of last week there were 4,311 short sales pending — 57% of all pending sales in Orange County. But only 627 short sales closed last month.

At that rate, he says, it will take some 7 months to deplete the pending short sales, and there are an additional 2,415 short sales listed.

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Latest on short sales:

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Short sales improve at a “snail’s pace” is a post from: Mortgage Insider

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SCV Short Sale

http://ShortSaleHelpCall.com Giving assistance to homeowners that are in a distressed Short Sale state in the Southern California area.  Head Quartered in the Santa Clarita Valley, our Team holds several Short Sale Certifications to advise you with the best information related to your own specific short sale.

The Short Sale process should not cost you anything at all.  The process should be free.  It is your bank that will agree or not with the property being "sold short".  The final approval of all fee's and offset amounts is totally up to your bank.

Be Safe and make sure you are getting the best information related to your short sale - It is imperative and can be found at our Santa Clarita Short Sale Website

 

Santa Clarita Real Estate

Santa Clarita Valley home value.  Market Snapshots for all inventory in the SCV.  We mostly consider Six cities as being part of the Santa Clarita Valley.  These are Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch, and Valencia.

 

Short Sale Information for Santa Clarita

The average borrower owes more than 70K more than their home is worth. 10 Million Borrowers are upside down on their mortgages - 12 Million Homeowners owe more on their homes than they are worth. In South Florida Alone - 40% of all homes are under water. Of the people that purchased real estate in the past 5 years, 30% are upside down. ***The final depressing word - By Mid 2010, 20% of all homeowners will be upside down with their mortgages.

Relief - Absolutely, hardships serviced here. We can help by you checking out http://shortsalehelpcall.com

Thank You