Extreme Short Sale

Good Morning to all!

I’m Pete Gregory with ExtremeShortSale.com and I’m here today to write & talk about Distressed Properties, along with other other related topics. We welcome your comments and would love to hear comments from all. Just keep it Honest, Keep it Clean & NO SPAM. We want to help others and any knowledge we gain will benefit everyone.

We’re now a third of the way through 2010 and it’s time to assess where we’re at here in Southern California with Short Sales & Foreclosures. As we predicted, short sales and foreclosures make up much of the real estate market. Standard home sales are far and few between so we’re still focusing on Short Sales. As planned, we continue to help our clients to successfully short sell their homes. Short Sales are not getting any easier, Loan Mods continue to be a joke. The statistics have not changed!! As usual when people are hurting financially there’s always the SCAMS out there offering something too good to be true. Do not give anyone any money up front to help you with your Loan Modification. We’ll help you with it for free. That’s right, I said FREE! If you explore your options with us and we find that your best option is to apply for a loan mod, we’ll help you with that for FREE!

Forget the Loan Audits! If it sounds to good to be true, it probably is! You will pay someone $3000.00 to $5,000.00 to do an audit for you and you only have a 5% chance of them finding something substantial enough to help you out!! These banks have been writing loan docs forever so don’t expect them to make many errors substantial enough to be of benefit for you! You know in your heart this is not the way out!!

Certified Distressed Property Expert Matt Gregory leads our Keller Williams, ExtremeShortSale.com team. I’m Pete Gregory, Matt’s Dad and and Matt’s primary back up and support.  We specialize in short sales and Matt is highly experienced in closing these transactions. If you’re struggling with your mortgage, we want to help! Yes! If we sell your home for you we’ll make money, but what we want to do first is HELP! Contact us for a confidential appointment and we’ll help you to explore your options. If that does not result in any immediate business for us, great. We primarily want to first help you stay in your home and avoid foreclosure if at all possible. The problem is that we all have a hard time recognizing our true financial position due to our emotional state, because we’re hardwired to “protect our castle”. Many times it’s best to explain your financial position to an outside party and that person can help you see your true situation.

Let us help you help your self! Avoid the pitfalls! Avoid the SCAMS! See the TRUTH!

We want to help!

Pete@ExtremeShortSale.com

Good Morning and welcome to ExtremeShortSale.com! In the video below you will see Matt Gregory, a Certified Distressed Property Expert, discuss Loan Modifications at one of his short sale home listings in Santa Clarita, CA. If you’d like more information about the home please contact us and we’ll be happy to set up a private viewing just for you. If you’d like to see some other properties we have available go to mattsellsscv.com 

The mortgage history of the home where Matt’s making the video above, is a very common occurance as far as loan modifications go. The homeowner was one of the lucky 4% that actually received a loan modification and it lasted one year before he defaulted. As many of you know, most folks who receive loan mods end up defaulting within the first year! the actual percentage is 67%. Yes that’s right! 67% of those lucky people who actually receive loan mods end up defaulting within the first year. One of the reasons the percentage is so high is because a loan modification is not right for most mortgages. It’s an ok solution for those that only had a temporary problem such as illness or loss of job. It’s not for those that are way upside down on their loans or those that can’t make their monthly payments. The reason so many are turning to loan mods is because that’s all we’re hearing or reading from the MAIN STREAM MEDIA and paid advertising! It’s one way the lenders can get a little more money out of the borrower before the loan defaults! They suck you dry and then they default the loan!! This just makes me sick! I’ll tell you right now, the solution for most people is not a loan modification!! The real solution is probably a SHORT SALE!! here’s an offer you can’t refuse! Contact the team here at ExtremeShortSale.com and we’ll help you explore your options for FREE! If your best option is a loan modification, we’ll help you with it for FREE. As always, with any loan modification or short sale, the submittal package to your bank is critical!! If it’s not right your package will be filed away and never seen again. Don’t expect the courtesy of a phone call or e mail either! You can expect to spend many hours and days trying to contact them only to find out a month later that you must re-submit! Matt Gregory uses a professional negotiator for all their short sales and if you list your home with us, it’s FREE!! FREE!FREE!

PLEASE, PLEASE, PLEASE do not pay money to anyone up front for a loan modification. Beware of the SCAMS and if it sounds to good to be true it probably is! By the way, don’t count on the whole business about a Forensic Loan Audit or a Check for Securities Violations. They cost $3000.00 to $5,000.00 and there’s less than a 5% chance of finding anything significant enough to help your cause. Let us help you, help yourself! That’s what we’re here for!

Matt & Pete Gregory

Keller Williams Realty

ExtremeShortSale.com

Matt Gregory of Keller Williams Realty and ExtremeShortSale.com, interviews Mike Ferrantino, a top Bank Negotiator with Access Loss Mitigation. They discuss the advantages of using an experienced and well connected third party negotiator to work with your lender and CLOSE YOUR REAL ESTATE DEAL! Matt & Pete Gregory of Keller Williams Realty and authors of ExtremeShortSale.com, almost always use an expert third party Bank Negotiator to help get the deal done! Our first choice is Mike Ferrantino & Access Loss Mitigation. If you’ve got Extreme Mortgage Problems you need help NOW! The expert Real Estate short sale team consisting of Matt Gregory’s, Gregory Group along with Mike Ferrantino’s, Access Loss Mitigation. Contact us and we’ll help you short sell your home NOW! You pay nothing!! It’s FREE to the homeowner!

Real Estate Broker Matt Gregory, a top agent for Keller Williams VIP Properties in Santa Clarita, Califormia is an experienced and “Certified Distressed Property Expert” He has plenty of experience and has closed many short sale type Real Estate Transactions. Matt & his team have successfully helped their clients complete their short sale transactions by teaming up with expert negotiators like Access Loss Mitigation. We’re presently working on several transactions with Access Loss Mitigation and find them to be a major factor to our success. We all know that lenders can be difficult to work with and negotiating a short sale is extremely time consuming business. It takes someone experienced to work with the homeowner, submit the package & follow up with the many phone calls necessary to complete a transaction. We’ll cover what’s needed from the homeowner for that submittal package in a later post but for now,  just know this! If the package submitted to the lender is not perfect it may not even be looked at by your lender!! You submit your offer package, you wait for a response and nothing happens! Finally you contact your lender a month later, only to find out you’re missing some piece of critical information the bank needs, to even consider your offer!! This is a very common occurance, so it’s critical to have a great negotiator in your court to help address the hidden pitfalls close the deal!!

If you’re struggling & upside down with your mortgage and want to explore your options, please let us help you! Contact us and we’ll set up a confidential meeting or phone call to help you explore your options and find a solution. If it turns out a loan modification is right for you, we’ll be glad to help. If short selling your home is the solution, you have the experts right here to handle everything for you. Stop stressing and worrying & give yourself a break!

Extremeshortsales.com highly recommends ALM. Access Loss Mitigation or ALM is a national leader in the field of loss mitigation. Their expert loss mitigation specialists are highly trained and throughly knowledgeable in every aspect of this often complicated process. Visit their website at www.accesslossmitigation for more information.

Have a Great Day!

Matt & Pete Gregory

Keller Williams Realty & ExtremeShortSale.com

A close friend from Santa Clarita, CA recently contacted Matt Gregory and asked him to help determine what he should do about his Mortgage struggles. Knowing Matt’s a Certified Distressed Property Expert & is someone that he could trust, he finally shared his financial situation. This was a huge step in itself because most of us clam up and don’t share our financial difficulties with anyone until it’s almost to late. Matt’s friend started having financial problems over a year ago. He somehow was one of the lucky few that actually received a loan modification. (Only 4% of those that apply for a loan modification actually receive one) The question is, did it make sense for him to get the loan mod? The answer is, absolutely not!! We’re all hardwired to “Protect Our Castle” or save our homes at any cost. The problem with this line of thought is it doesn’t always make good financial sense. The first thing most of us do is go broke trying to save our home. We try to handle things ourselves, and god forbid we share our problems with an expert, that can see our situation from a detached position. Back to the story, Matt’s friend now is in a position of defaulting on his loan or short selling his home. Remember, 67% of those that actually receive a loan modification will end up defaulting in the first year. Not only was Matt’s friend one of the lucky 4% that received a loan mod, he may also be one of the unlucky 67% that default within one year! Ironic isn’t it! To make a long story short, Matt’s now selling his friends home and we plan to complete the short sale transaction, before foreclosure occurs.  Matt’s friend can now move forward with his life and in a year or two he can have his credit repaired and buy another home.  

The question remains, why do many of us go broke trying to save a mortgage that we’re completely upside down on. Human nature & the “Protect Our Castle” syndrome. It’s sad but true. You don’t have to lose your retirement savings to try to save your upside down mortgage. Please don’t do that! Don’t forget, our lending institutions aren’t blameless in all this either. They had no business writing loans they darn well knew folks didn’t qualify for!!

If you’re struggling with your Mortgage:

Contact us here at ExtremeShortSale.com and we’ll be happy to schedule a confidential meeting with you to help to decide your best course of action. Most of the time it’s best to let someone from the outside see your financial situation for what it truly is. They may be able to help you to see the truth and make a sound decision regarding your future. We’re here to help you, help yourself.

 Have a great day! 

Pete & Matt Gregory

Keller Williams

ExtremeShortSale.com