Extreme Short Sale

Welcome again to ExtremeShortSale.com! Certified Distressed Property Expert and top Keller Williams Santa Clarita Real Estate Agent, Matt Gregory continues our series on Santa Clarita Short Sale Pitfalls and how to avoid problems with your short sale. Take a look a the video and read below to learn more. 

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Pitfall: The buyer is not properly qualified to buy a home

In the current Santa Clarita real estate economic climate, a buyer’s willingness to make an offer on a short sale or any other property for that matter does not mean that the buyer is truly qualified to purchase. The reality is that buyers need to be pre approved for financing, closing funds must be verified, and their ability to buy needs to be confirmed. Many times I will show up to our office in Valencia and have a 1 page faxed offer to purchase one of my short sales in my fax machine. These offers are from investors that have never seen the home, did not provide a pre approval letter, did not provide proof of funds, and are not a qualified buyer for this home. Accepting this sort of offer can and most often will lead you directly into a pitfall! The idea here is to avoid foreclosure! You’ve probably already discovered that a Loan Modification won’t work for you! If your buying a home or selling a home, you can’t afford mistakes with your short sale, so be sure to contact Santa Clarita Short Sale Expert, Matt Gregory.

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Solution: Properly Qualify All Buyers

 
Your agent should be familiar with what must be verified in order to qualify a buyer to submit an offer on your property. Otherwise, these offers may have little chance of closing. Don’t risk this process with an uneducated agent who does not appreciate this aspect of short sales. It is a requirement on our short sales that all buyer’s get preqaulified with The Renno Lending Team at Prospect Mortgage. Once pre qualified with my trusted lenders we will open escrow and look forward to a successful close of escrow!

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One more time!  The idea here is to avoid foreclosure and protect your future wealth! You’ve probably already discovered that a Loan Modification won’t work for you! If your buying a home or selling a home, you can’t afford mistakes with your short sale. We highly recommend you be sure to contact Santa Clarita Short Sale Expert, Matt Gregory. You may contact Matt right here or call him at his cell phone now! 661-713-4799.

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STRUGGLING WITH YOUR MORTGAGE? YOU’RE INVITED / LATE NOTICE

If you’d like to attend tonight’s Community Townhall Meeting, it’s tonight, Wednesday, 7/28 from 6:00pm to 8:00pm at the Valencia Library. This is a great and free meeting featuring an expert speaker & panel on the topic of Distressed Mortgages. You will be able to ask questions directly to the expert panel, consisting of a CPA, Loan Officer, Bank Negotiator, Attorney and Real Estate Broker. Matt Gregory will be there, but you should RSVP in advance since seating is limited. As always, if you can’t make the meeting Matt will be glad to meet with you for a confidential meeting to explore your options and find a solution that’s right for you.

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Matt@ExtremeShortSale.com

Pete@ExtremeShortSale.com

Good afternoon and happy Friday from our team here at ExtremeShortSale.com! I’m Pete Gregory filling in for top Santa Clarita Valley Real Estate Keller Williams Agent and Certified Distressed Property Expert, Matt Gregory. Yea, I know I’m not near as good looking on the video as Matt but regardless, I’ve got some good information here. If your struggling with your mortgage and finances I encourage you to take a look at the video and read below. Don’t be afraid! Check it out.

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Last post we stressed, as Santa Clarita Real Estate professionals, our first priority to our financially challenged friends and clients is to help them avoid foreclosure and still save their home. If your behind in your mortgage payments due to a temporary health or employment problem a loan modification might work for you. We always try to help you save your home first. If a Loan Modification won’t work we can help you short sale your home. The question is, will you ask for help? Many of us tend to avoid our financial difficulties and not face their own personal financial truths. This sort of thinking will lead you right to foreclosure and/or bankruptcy! Our present financial situations are tough to face and we’re always hoping for the best! We’re embarrassed, angry, depressed and would rather not think about it or discuss it, period! This is really dangerous thinking and I want to encourage each and everyone of you that might be experiencing financial difficulties, to please, please share your situation with a qualified person. Many times folks are just uninformed and since they don’t want to think about their problem, they don’t want to research it. We understand that! Who wants to dwell in their problem? Here’s the deal! If your struggling with your mortgage you need to contact us because we want to help. Matt Gregory is an expert in Distressed Properties. He’s an expert in Santa Clarita Short Sales and Santa Clarita Real Estate. We will help you explore your options and find a solution. We love to get more Real Estate to sell but we would prefer to help you find a solution and save your home first. Most people that visit us for a meeting walk in to the meeting with that stressed look in their faces. They have that proverbial monkey on their back! Guess what? When they walk out of the meeting the monkey’s usually gone. They walk away with hope! Why? Because they’ve faced their financial fears and become informed. They know they have some viable options they previously didn’t know existed! We can help you too. Come see us and let us, help you, help yourself!

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Contact us today for a free and confidential appointment. Did you know it’s free to the homeowner to short sale their home. We have much more to offer but you need to just reach out, just a little, and we’ll help you from there.

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Pete@ExtremeShortSale.com

661-406-2959

Good Morning from our team here at ExtremeShort Sale.com. Today, Matt Gregory talks and writes about our understanding of a home owner’s desire to save their mortgage and their home.  Matt is top Keller Williams Santa Clarita Real Estate Agent is also a Certified Distressed Property Expert. Matt has vast experience in Santa Clarita short sale transactions, Santa Clarita Real Estate and has helped many to avoid foreclosure by successfully transacting a short sale. Matt and his team always try to assist the client in keeping their home as a top priority. Take a look at the video and read below to find out more.

Many of us are experiencing financial difficulties and are struggling with our mortgages. As human beings, we’re instinctively hard wired to save our homes or “protect our castle”.  Being active in Santa Clarita Real Estate for a number of years, we understand our clients first want to do everything they can to save their homes. When a client comes to us with mortgage problems we always first help them explore their options and try to save their homes. In most cases we find that it usually doesn’t make much financial sense to try to obtain a loan modification but most of us want to try anyway. At this point, we help them analyse their potential loan modification offer, so they completely understand their exact financial position should they accept the loan mod. The honest truth is, most people receiving loan modifications will default within the first year. We believe it’s important our clients face the truth so they know exactly what this loan modification will cost them, long term. Most often it takes someone from the outside to see the financial truths many of us can’t or don’t want to see. Sometimes it’s difficult to “see the forest through the trees” and we promise we can help with this.

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If, after obtaining a loan modification our clients find they’re still having financial struggles we can always help them avoid foreclosure. Matt Gregory can represent them and short sale their home. A Santa Clarita Short Sale is often the best option and the solution our client should have chosen in the first place. The reason the client did not choose this option first goes back to our instinctive nature to “save our homes” no matter what. We understand this and it’s just a process many most experience before short selling. Either way, Matt Gregory is here to help his friends and clients through the process, regardless if we end up short selling their homes or not.

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Please contact us to schedule a confidential appointment and we’ll help you to explore your options and find a solution. Have a great day!

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Pete@ExtremeShortSale.com

Cell   661-406-2959

Office 661-290-3735

Good Afternoon from our team here at ExtremeShort Sale.com. Today, Matt Gregory continues our series on Short Sale Pitfalls with Santa Clarita Short Sale Pitfall Number Two”. Matt is top Keller Williams Santa Clarita Real Estate Agent is also a Certified Distressed Property Expert. Matt has vast experience in short sale transactions and has helped many to avoid foreclosure by successfully transacting a short sale. Take a look at the video and read below to find out more.

Short sales can be very tough and take a very long time if you don’t submit your file to the bank with all of the requested and necessary documents. This brings us to Santa Clarita short sale pitfall #2.

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Pitfall #2: Not Submitting your file Properly to the bank
If you do not follow the directions you receive from the bank for submission of your file, then you are expecting an over-worked, under-staffed department to go out of their way to handle your file. There is very little likelihood of this situation working out in your favor. I know of one bank short sale negotiator in particular that has over 300 files that she works per month and only closes between 15 and 20 files per month. So the question is this: How do you give your file the best odds of becoming the 15 or 20 files a month getting approved?

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 Answer: Verify your lender’s requirements, follow Instructions closely and carefully.
First, be sure to verify with your lender on exactly what they require to be included in the short sale package. Not all lenders are the same andal though they all require the same basic information, there will be some differences. If you are instructed to fax your file, fax it and send a backup copy in the mail. If you are instructed to mail two copies, mail two copies. When you reach the point of having a contract, all your information, and a valid purchase, you do not want your deal to fall apart because no one sees it. Also, if you don’t have time for these tasks, hire an assistant or a short sale negotiator on your team. Often times they are very inexpensive and they don’t get paid until the transaction closes escrow. These are some simple instructions that give your file a great chance to be approved as long as you follow them. Good luck!

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Reminder!!

Be on the look out for scams!  With our current economy, many are struggling with their finances and mortgages. As a result, we have scam artists out ready to pounce and take advantage of others in desperate financial situations. People are desperate looking for a solution! This desperation is what can cause some folks to make poor financial decisions which end up costing them more money and make their situation even more desperate! Remember this:

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If it sounds to good to be true, it probably is!

Do not give anyone any money up front for a loan modification.

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Be sure to make an informed decision about obtaining a loan modification. Loan modifications are really only for someone that has experienced short term loss of income due to health or employment issues. We know you hear all the advertising about loan modifications but in the end you’ll pay more money for your loan than you were before. Matt Gregory offers a free analysis of your loan modification and you can find out exactly what it will cost you. Contact Matt to arrange for a free confidential meeting.

Avoid the Forensic Loan Audits and Check for Securities. These services can cost $3,000. to $5,000. and rarely result in any significant savings.

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Good Luck! We look forward to your comments & we look forward to hearing from you. We’d like to help!

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Matt@ExtremeShortSale.com

Pete@ExtremeShortSale.com

661-290-3735

CitySlick local ads and coupons. Find Real Estate Deals Deals!

Good Afternoon and welcome to ExtremeShortSale.com! Today, Certified Distressed Property Expert and top Keller Williams agent, Matt Gregory talks and writes about a positive Santa Clarita Short Sale Buyer experience! This is a great Santa Clarita Real Estate experience for Matt’s buyer and it occured just a day or two ago. If you’re planning to buy a home or sell a home it can take time, especially a short sale. Persistance is the key, but watch the video and read below, to find out more.

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Purchasing a short sale in the Santa Clarita real estate market can be stressful, take a long time, very confusing, but also very rewarding. This was proved again last week with one of my favorite buyers. We had been writing offers in the Valencia and Stevenson Ranch areas of the Santa Clarita Valley for over a year with no luck. At one time, we did have an accepted offer on a beautiful Valencia home in the Tesoro area. We waited, and waited, and waited, and waited for 9 months with no approval. So, we began shopping for homes again. In January of this year, we found another Valencia home and again it was a short sale. We wrote an offer at 530k, but this time another buyer beat us to the home and we had to become the back up buyer.

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Well I got great news over the 4th of July weekend. The listing agent for the second Valencia home called me and said the buyer backed out and that we were now in first position to buy the home. Also, the approved short sale price is now 500k instead of 530k. So we went ahead and opened escrow last week and it turned out to be a great deal for my buyer. He was very happy to get the home, but even more happy to get the home 30k under his previous offer.

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Short sales have positives and negatives, but this wait for a short sale had a very positive outcome. Our Matt Gregory Real Estate Team would love to help you buy or sell your home, short sale or not! Please contact us and we’ll be happy to set up a free, confidential appointment to review your options and discover what makes the most sense! We’re also willing to offer free assistance to help you analyse your possible loan modification. Often times a loan modification just makes no sense but we always want to help you try to stay in your home first! If that’s not a good option for you we’ll help you avoid foreclosure and get a short sale done.

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Contact us and we’ll help you, help yourself!

Matt@ExtremeShortSale.com

Pete@ExtremeShortSale.com

Natural instinct demands we protect our home but sometime it just doesn't make financial sense!

Good Afternoon and Happy Friday to all! Certified Distressed Property Expert & top Keller Williams Agent, Matt Gregory and our team here at ExtremeShortSale.com offer a helpful and free loan modification analysis. In addition to helping with loan modification analysis we’re also extremely experienced with Santa Clarita Short Sales. Take a look at the video and read below to learn more. Like the children in the video below, it’s human nature to protect our castle. Sometimes it just doesn’t make the best financial sense, but most of us feel we have to at least try first!

We are here to help! That’s right, The Matt Gregory Real Estate Group at Keller Williams VIP Properties in Santa Clarita is here to help homeowners who are in trouble with their current mortgage payments. More and more banks are offering loan modifications to these homeowners which are resolving problems for families trying to avoid short sale or foreclosure. A loan modification can be great for a family that has a temporary shortage of income or maybe facing a higher adjustable rate on a loan. Look, bad things happen to good people. These same great people that had good jobs, good credit, and a healthy financial portfolio are now in trouble and are facing foreclosure. Our advice to these people is to take action! Contact your bank and let them know your situation. Often times they may offer you a temporary or permanent loan modification to get you back on your feet. We know that a loan modification can be great as long as the terms are favorable for the homeowner.

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So one might ask: How do I know if the banks loan modification terms are right for me?

The answer is very simple. Contact the Matt Gregory Real Estate Group at Keller Williams Realty. We are offering free loan modification analysis to ANY AND ALL homeowners! We have updated software available to determine if the banks loan modification terms are right for you. We have recently helped several people make the decision to save their homes from foreclosure and relieve their stress. Please contact us with any questions and we look forward to helping you out. Remember, if your loan modification doesn’t work out, a short sale will! 

Matt Gregory 661-713-4799

Matt@ExtremeShortSale.com

Pete@ExtremeShortSale.com

Good Afternoon from our team here at ExtremeShortSale.com. Matt Gregory is a top Keller Williams Real Estate Agent and Certified Distressed Property Expert. Matt’s topic for the day covers how to correctly price a Santa Clarita property for short Sale. Take a look at the video and read below to learn more. Thanks for visiting and we welcome your comments.

The Santa Clarita Valley real estate market currently has 784 active listings for sale and 316 (40%) are short sale listings. With such a large number of Santa Clarita short sales flooding the market, I thought it would be a great idea to talk about one of the pitfalls a homeowner faces when listing their home as a short sale and a simple solution to avoid that pitfall.

Short Sale Pitfall #1 - Your Property is Priced Incorrectly

It is no secret that all homeowners want top dollar for their home. Over pricing a home is the most common mistake made with all properties, and the number one reason that a property doesn’t sell. In the case of a short sale, this pitfall can lead a homeowner straight down the path of foreclosure. Most short sale listings are time sensitive and are usually facing a deadline to get the home sold or the lender will foreclose.

Solution - Hire an Experienced Short Sale Agent

Short sales are NOT an easy task for an inexperienced agent. Pre qualify your real estate agent and make sure that they have extensive training in short sales and have actually completed a short sale transaction. An agent such as a CDPE Certified Distressed Property Expert has gone through proper training and understands the concept of a short sale. This real estate agent will go through a detailed listing price strategy with you, allowing you to see exactly where your property should be priced based on its current condition, sales in your area, and most importantly, how much time you have left to sell.

Matt Gregory

Matt@ExtremeShortSale.com

661-290-3735

Good Morning and Happy 4th of July (almost)!

Matt Gregory, A CDPE or Certified Distressed Property Expert and a top Keller Williams Agent,  continues our Santa Clarita Short Sale Myth series with Myth #4. Take a look at the video and read below to find out more!

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It is false to believe that Short Sales are impossible and never get approved. Especially here in Santa Clarita. Are short sales more difficult to complete? Yes. Do you, as a homeowner, need to learn about a new process? Yes. Are they impossible? Absolutely not. This myth is one of the top reasons why homeowners get foreclosed upon. When I come in contact with a former homeowner in the Santa Clarita Valley who just had their home foreclosed on, my question to them is always why? What happened? Did your short sale not get approved? The very sad answer I often get is that they never even tried. They assumed they did not have enough time to get a short sale approved and just gave up. Or even worse, they did not do their homework and hired their family Realtor who was not experienced in the short sale real estate market. These are costly mistakes that could force a homeowner to be foreclosed up and could have been prevented.

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Here are my suggestions for anyone in trouble with their mortgage:

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Contact a real estate professional that specializes in the short sale market. Look for agents that hold a certification such as the PSC certification Pre-Foreclosure Certification) or the CDPE designation (Certified Distressed Property Expert). Short sales need to be handled very carefully by an educated individual.

Agents with the Certified Distressed Property Expert® (CDPE) Designation receive thousands of short sale approvals on a monthly basis. These professionals have undergone extensive training in methods to help homeowners in distress and process short sales. While there are no guarantees in any transaction, more and more short sales are being approved regularly. This is far from an impossible process.

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Currently, Forty percent of Santa Clarita real estate market are short sales. If you are looking for a Realtor that specializes in Santa Clarita Valley short sales, please contact Certified Distressed Property Expert Matt Gregory with Keller Williams VIP Properties for a free consultation. 661-713-4799.

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Remember, do not give anyone any money up front for a loan modification. Avoid the Forensic Loan Audits. They cost $3,000. to $5,000. and there’s very little chance for it to be helpful. Avoid SCAMS! If it sounds too good to be true, it probably is!

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Have a great 4th of July weekend!

Matt@ExtremeShortSale.com