Subscribe to PostsGood 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.
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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.
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Here is Santa Clarita Short Sale Myth Number Two
YOU MUST BE BEHIND ON YOUR MORTGAGE TO NEGOTIATE A SHORT SALE.
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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.
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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.
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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!
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You are welcome to contact us for a free consultation. We’d love to help you explore your options and find a solution.
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Have a Great Weekend!
