Extreme Short Sale

Good Afternoon and welcome to ExtremeShortSale.com. Today, Certified Distressed Property Expert, Matt Gregory talks about a recent successful Santa Clarita Short Sale transaction. Matt Gregory is a top Keller Williams Santa Clarita Real Estate Professional and uses ExtremeShortSale.com as a venue to help educate and provide information to all. Take a look at the video and read below to learn more.

Matt is presently representing one of his buyers for a short sale transaction here in Santa Clarita. Escrow opened about 45 days ago and is closing tomorrow! In this case the seller already had an approval from the lender, which is the best kind of short sale listing to have. It’s just one of those deals that worked out great for the buyer, seller, lender, and both Real Estate Professionals. Yes, the lender benefits by saving the costs associated with a foreclosure. The seller avoids foreclosure, protects their future wealth and takes a much shorter credit hit. The buyer didn’t have to wait an unreasonable amount of time for escrow to close. the Real Estate agents are always happy to close their transactions quickly. If you’d like to learn more about the advantages of short sales, see our previous posts at ExtremeShort Sale.com.

.

Although Santa Clarita Short Sales are difficult and lengthy at times, they are closing every single day here in Santa Clarita. Matt Gregory and his team love our Santa Clarita Real Estate business and especially our association with Keller Williams VIP Properties. We look forward to helping others who may be struggling with their mortgages, explore their options and find a solution. It is possible and we can help! Please contact us to schedule a confidential meeting and let us, help you, help yourself!  

.

Again the BIG REMINDER! Beware of the SCAMS out there. If it sounds too good to be true, it probably is!   Don’t give anyone any money up front for a Loan Modification. Watch out for the Forensic Loan Audits and Check for Securities. They rarely work and are very costly! if you do short sale your home be sure to use an experienced short sale Real Estate professional. Short Sale transactions can be exteremely complex and you don’t want to take chances with a failed transaction due to inexperience. Short Sales can be tough enough as it is.

.

Have a great week!

.

Pete@ExtremeShortSale.com

Matt@ExtremeShortSale.com

Welcome to ExtremeShortSale.com!

Today Certified Distressed Property Expert, Matt Gregory continues our series on short sale myths. Matt is an active Santa Clarita real estate professional here in Santa Clarita and the Greater Los Angeles area. Watch the video and read below to learn more about Santa Clarita short sales and please contact us with any questions. We welcome any comments and would like your participation.

.

Myth #3 – There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure

.

This is a myth that probably hurts homeowners the most. Many don’t realize that foreclosure is a process, and that there is time to make decisions that may result in better outcomes.

We recently had a foreclosure postponed 24 hours before the scheduled date! We don’t like, nor do we recommend waiting until the last minute but it can be done. Today, many lenders will agree to a foreclosure postponement with an honest phone call explaining that there is a vigilant effort being made to sell the home.  Most all lenders will agree to a postponement, even numerous times, as long as they have a legitimate sales contract in hand. Most lenders and experienced real estate professionals understand there is time available until the foreclosure process is complete!

.

Remember, most homeowners don’t understand that they have other options besides foreclosure! They seem to know about these almost worthless loan modifications but know little about short sales. The short sale should cost the homeowner nothing. this is one of the main reasons that seven out of ten people that experience foreclosure never even contact an agent. One of the main reasons for this is because they think it’s not possible because they’re to far upside down or, they would have to pay the real estate broker fees with money they don’t have.

.

REMINDER: Watch out for those scam artist out there. They’re just waiting to take advantage of those folks that are experiencing financial difficulties in these tough economic times. Take a look at our other posts to learn more but the main thing to remember is; If it sounds to good to be true it probably is!. Don’t give anyone any money up front for a loan mod. Avoid forensic loan audits and securities checks. if you decide to short sale your home be sure use a real estate agent that is highly experienced with short sale transactions. Your Santa Clarita Short Sale Expert is Matt Gregory. Contact him and his team today!

.

Pete@ExtremeShortSale.com

Matt@ExtremeShortSale.com

661-290-3735

Good Morning to all! Matt Gregory, a top Santa Clarita Real Estate agent and Santa Clarita Short Sale expert announces the FREE Community Town Hall Meeting tonight, 6/23/10, at his Santa Clarita Keller Williams office. The meeting begins at 6:00pm and lasts about two hours. Watch the video and read below to find out more!

.

Matt Gregory is a Keller Williams Real Estate Agent here in Santa Clarita, CA. He holds many designations as well as being a Certified Distressed Property Expert. He is the founder of ExtremeShortSale.com and uses this venue to educate others about our present mortgage crisis. He and his team can help anyone explore their options and find a solution to their mortgage problems. Today, he announces the FREE Community Town Hall Meeting tonight at the Keller Williams office here in Santa Clarita, CA. it starts at 6:00pm so come on down! There will be an expert panel on hand to discuss, foreclosures, short sales, loan modifications, cash for keys etc. If your struggling with your mortgage we will make you a promise right now! If you attend tonight’s meeting you will walk away HOPE. You will see a light at the end of the tunnel because you will find a solution to your mortgage problem. Let us, help you, help yourself!

.

If you can’t attend the meeting but need some advice regarding a mortgage problem, please contact us. We’ll schedule a free, confidential meeting and Matt will explain your options and help you find a solution. 

.

Once again, we want to remind everyone to watch out for the scams out there. A Short Sale should be free to the seller. Pay no money up front for a loan modification. Watch out for the Forensic Loan Audits and the check for securities. These services are costly and there’s only about a 5% chance of finding anything substantial enough to be of benefit.  Remember, if it sounds to good to be true, it probably is! Don’t allow yourself to be taken advantage due to your financial situation. We want to help!

Have a great day!

Pete@ExtremeShortSale.com

Matt@ExtremeShortSale.com

Good afternoon and Happy Friday! Today, Certified Distressed Property Expert Matt Gregory, continues our series on Short Sale myths. Most people think you must be behind on your mortgage to short sale your home. Surprisingly enough, it’s just not true! Take a look at the video and read below to find out more.

.

.

Hello and welcome back to this extreme Santa Clarita short sale world. This blog post is a follow up from last weeks short sale myth #1. As you know short sales make up 40% of our current active real estate market in the Santa Clarita Valley. With so many questions regarding short sales, I thought I would provide everyone with some short sale myths provided by the Certified Distressed Property Institute.

.

Here is Santa Clarita Short Sale Myth Number Two

YOU MUST BE BEHIND ON YOUR MORTGAGE TO NEGOTIATE A SHORT SALE.

.

This has proved to be false as today’s lenders are looking for verifiable hardship, monthly cash flow shortage, or pending shortfall and insolvency.

If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.

.

This short sale myth is provided by the Certified Distressed Property Institute. If you or anyone you may know might be considering a short sale, please consider contacting a Certified Distressed Property Expert. Agents like Matt Gregory are CDPE certified and have extensive knowledge about the short sale process. Matt can be reached at 661-290-3735 and he offers free confidential consultations for anyone with questions.

.

As always, we want to remind everyone to watch out for the SCAMS out there. In times of financial distress we always have those predators out there taking advantage of others. Remember, if it sounds to good to be true, it probably is! Don’t give anyone any money up front for a loan modification. If you do end up short selling your home be sure to use a Real Estate Agent experienced in short sales. Make sure that agent is an expert in negotiating short sales or teams up with an experienced short sale negotiator. A short sale should cost the homeowner nothing. It’s FREE to the homeowner and the broker commissions are paid by the lender! Watch out for those Forensic Loan Audits. They rarely result in anything substantial enough to be helpful and can cost $3,000. to $5,000. Just BE CAREFUL!

.

You are welcome to contact us for a free consultation. We’d love to help you explore your options and find a solution.

.

Have a Great Weekend!

Pete@ExtremeShortSale.com

Matt@ExtremeShortSale.com

Good morning from our team here at ExtremeShortSale.com! Today, Keller Williams Real Estate Agent & Certified Distressed Property Expert, Matt Gregory interviews Expert Loan Officer Keith Renno of Prospect Mortgage. They discuss how a short sale or foreclosure affects your future credit and your ability to obtain a real estate loan in the future. Take a listen and these sharp young professionals will provide the information you’re looking for.  Watch the video and read below to find out more!

Good Morning and Happy Friday!

This morning Matt & Pete talk about how lenders offer loan modifications after the homeowner submits their short sale package. Who might benefit from this action if the owner withdraws their package and accepts the loan modification? This is what we’ll discuss so take a look at the video and read below to find out some surprising information. Matt Gregory is a Certified Distressed Property Expert and one of the top Santa Clarita real estate agents at Keller Williams Realty in Santa Clarita, CA.

Typically, a homeowner struggling with their real estate mortgage will come to us to determine their options. Many times they don’t even know or even fully understand their options and that’s what we help them with. See our earlier post regarding short sales or loan modifications. Remember, loan modifications are really only for homeowners that had a temporary financial problem which is no longer an issue. They got seriously behind in their payments and needed to get current with their lender to avoid foreclosure. A loan modification is not for someone who will no longer be able to produce the income necessary to pay their expenses and mortgage. It also does not solve the upside down mortgage problem. You know what I mean! The homeowner owes way more that the home is now worth.

Example:

So, the homeowner makes an informed decision and determines their best course of action is to short sell their home. This homeowner lists his home with Certified Distressed Property Expert and Keller Williams Real Estate Agent, Matt Gregory. Almost immediately, Matt obtains a qualified market value offer and submits the entire short sale package to the homeowner’s lender. A month or two later the lender contacts the homeowner and tries to get them to cancel the short sale and accept a loan modification. In this case the lender would not disclose the terms of the loan modification and only offered to bring their mortgage current and put the overage on the back end of the loan. This would be great if a loan modification would solve the problem!  The homeowner in this example has no business obtaining a loan modification because he will not be able to produce the income necessary to continually pay the monthly payment. It’s a known fact that 67% of all those that receive a loan modification will default in the first nine months. WELL, don’t you think the bank knows this as well!

HERE’S THE QUESTION! WHY WOULD THE LENDER TRY TO CONVINCE THE HOMEOWNER TO ACCEPT A LOAN MODIFICATION WHEN THE LENDER KNOWS DARN GOOD AND WELL THAT THE HOMEOWNER NO LONGER EVEN QUALIFIES FOR THE LOAN AND WILL PROBABLY DEFAULT!! There’s only one answer to this question and it’s MONEY!! The bank wants to squeeze as much money out of their client as possible. Once they have squeezed the homeowner for every last drop, they can they will then foreclose on the property and take it back! GREED! that’s what it is. If you think they’re doing a favor for the homeowner, think again! NO Way! No lenders give loans because they’re nice guys. When dealing with banks or lenders we must always remember, they’re in it for the money and that’s it. BOTTOM LINE! Don’t fool yourself in to thinking anything different.

If you’re struggling with your mortgage and need some help we would love to be of service. Contact us for a confidential free appointment and we’ll help you determine the best course of action.

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!

Have a great weekend!

Pete@ExtremeShortSale.com

Matt@ExtremeShortSale.com

Today, Certified Distressed Property Expert, Matt Gregory of ExtremeShortSale.com talks about short sale myths. There’s so much misunderstanding out there among the general public that we thought it would be a good idea to start addressing some of the misconceptions. Take a look at the video and read below to find out more!

Myth #1 – Buyers Are Not Interested In Short Sale Listings.

This is a myth that is defeated all the time in the Santa Clarita short sale market. With 38% of the active Santa Clarita real estate market being short sales, buyers are writing multiple offers on short sales. I have multiple offers on every single one of my short sale listings that are located in the Santa Clarita Valley I often times recommend a short sale listing to my buyers who are willing to wait for the short sale approval on a great home. We deal with anyone from a first time buyer that needs closing costs paid by the seller to savvy all cash investors who would like to close quickly. We are getting phone calls from buyers who say they only want to look at short sales because they are just looking for a better deal. For buyers, the term short sale has become associated with “great deals.” If you or anyone you know is interested in buying or selling a short sale, please contact Matt Gregory at 661-713-4799.

Again, before we sign we want to remind everyone to beware of scams out there! Don’t give anyone any money up front for a loan modification, watch out for the forensic loan audits and the check for securities. Read our previous posts to find out more about scams and people wasting their money needlessly. Just remember; if it sounds to good to be true it probably is! If you decide to short sell your home be sure to use an agent that’s experienced in short sales and is an expert in negotiating with lenders. It’s usually best if the agent outsources the negotiating to an expert at negotiating short sales.

Matt & Pete Gregory

pete@ExtremeShortSale.com

matt@ExtremerShortSale.com

 Good afternoon and Happy Friday!  Welcome, from our ExtremeShortSale.com team. We’re lead by Certified Distressed Property Expert, Matt Gregory of Keller Williams in Santa Clarita, CA and creator or ExtremeShortSale.com. Today, he talks about the subject of social embarrassment associated with a short sale. Take a look at the video and read the text below to learn more. 

Some of us are hesitant to discuss our financial situation with anyone, including their own family. They certainly don’t want a Real Estate agent posting a FOR SALE sign out front. Watch the video and visit ExtremeShortSale.com to learn more about Short Sales, Loan Mods, Foreclosures and any other topic associated with distressed properties.

Often times a homeowner will call me about their mortgage issues and they are curious about their options to avoid foreclosure. Short sale is most likely the answer that they will hear from me. Most homeowners quickly agree that this is the best option for them, but are concerned about the possible embarrassment that a short sale might bring them. There are several ways to eliminate these concerns. First off, I tell them their neighbors do not have to know that they are selling their home. We simply wont put a sign in the yard and won’t hold any open houses. That usually brings much needed relief to them. I also tell them that they are not alone. 40% of the active real estate market in the Santa Clarita Valley are short sales. The numbers tell them that they are not alone. I have recently short sold a home where there was no sign, no flyers, no lockbox, and no open house. The neighborhood found out that their neighbor was moving on the actual moving day when there was a big moving truck outside the home. They were so happy and relieved to have short sold their home and nobody knew it, but the people involved in the transaction

As always we take the end of each post to remind everyone to beware of SCAMS! We always find those opportunistic folks (SHARKS) out there looking to take advantage of the misfortune of others. DO NOT give any money up front for help with your loan modification.Watch out for the Forensic Loan Audits & Securities Checks!  If you decide to short sell your home be very careful about who you work with to sell and negotiate your sale. A Short Sale can be very tricky and it’s important to use a qualified real estate agent that’s qualified to handle your sale. Matt Gregory, here at ExtremeShortSale.com is a Certified Distressed Property Expert and highly experienced in such matters. We’re here to help you, even if we don’t end up doing business together. We don’t want to see anyone lose their home to foreclosure or make an uninformed decision about their mortgage. If we think you qualify for a Loan Mod, we’ll tell you!! If we think you’d best benefit from a short sale, we’ll tell you! We’ll help you explore your options!! This is our promise to you! We want to HELP you, help yourself!

Pete & Matt Gregory

ExtremeShortSale.com

pete@extremeshortsale.com

Good Afternoon!

Today, Certified Distressed Property Expert, Matt Gregory of ExtremeShortSale.com talks about how the lender’s broker fouls an short sale deal by making an incorrect “BPO” or Broker’s Prince Opinion. Take a look at the video and read below to learn a little more about short sale transactions.

 When a short sale package and offer is submitted to the owners lender that same lender must verify the offer is of market value. To accomplish this, they have their own broker visit the property and provide them with what’s referred to as a “BPO” or Brokers Price Opinion. If the lender’s Broker comes back with the opinion that the distressed property is valued at substantially more than the offer the lender will not accept the offer and this may kill the short sale deal. Many times, these opinions are wrong, kill the deal and even end up costing the bank money later. One of the reasons for this is, the lenders broker may be from out of the area. That same broker may also be the broker that is awarded the listing if the property forecloses. If so, that’s a conflict of interest and we sincerely hope that is not the case. Matt recently received a call from an REO Broker on a short sale listing he once had that was killed by a bad BPO. As it turns out the bank has now foreclosed and will end up receiving less money that if they would have agreed to the short sale offer. This is not uncommon and it’s a lose, lose for the homeowner, the buyer, bank and the short sale broker. HOW SAD! Sometimes it just seems like the bank wants to foreclose. The reasoning often times does not make sense but that’s the way it goes. A good negotiator will argue the incorrect BPO and sometimes they are successful and other times they are not.

As always we take the end of each post to remind everyone to beware of SCAMS! We always find those opportunistic folks out there looking to take advantage of the misfortune of others. DO NOT give any money up front for help with your loan modification.Watch out for the Forensic Loan Audits! If you decide to short sell your home be very careful about who you work with to sell and negotiate your sale. A Short Sale can be very tricky and it’s important to use someone that’s qualified to handle your sale. Matt Gregory, here at ExtremeShortSale.com is a Certified Distressed Property Expert and highly experienced in such matters. We’re here to help you, even if we don’t end up doing business together. We don’t want to see anyone lose their home to foreclosure or make an uninformed decision about their mortgage. If we think you qualify for a Loan Mod, we’ll tell you!! If we think you’d best benefit from a short sale, we’ll tell you! We’ll help you explore your options!! This is our promise to you! We want to HELP you, help yourself!

Pete & Matt Gregory

ExtremeShortSale.com