Extreme Short Sale

The video and post below is written by Matt Gregory of ExtremeShortSale.com and the Gregory Real Estate Group. Matt Gregory is an active and leading Santa Clarita Real Estate Agent for Keller Williams VIP Properties. Matt is also a Short Sale Specialist and a Certified Distressed Property Expert. Matt shares one of his short sale transactions now in progress. This is about a good deal for Matt’s buyer but don’t forget the seller! This seller is going to avoid foreclosure and get out of the mortgage that’s draining the life from them. The seller may, or may not not have already obtained a loan modification. Matt does not represent the seller in this transaction so we don’t know any details of the reason for this Santa Clarita short sale.

Hello everyone, and welcome back from a nice long three day Labor Day weekend! I just wanted to share with everyone a short sale success story from the buyer point of view. I am currently representing an FHA buyer who got their offer accepted on an approved short sale with two different lenders. This home is probably worth 335k and we got our offer accepted at 305k. That is great news as long as we follow the banks rules that they set forth. Take a look at the video and read below to find out more!

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Here are the terms of the short sale approval. The purchase price was 305k. The second lien holder wanted my buyer to contribute 9k to them to satisfy their payoff amount. Lastly, we have to close the transaction in 23 days.

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Lucky enough for everyone involved, my buyer could actually do this and get a great deal on a Santa Clarita home that is in awesome shape! We are still in the middle of this deal, but our home inspection went well on Saturday and the loan is looking good. Most lenders would have a very tough time getting an FHA loan done in 23 days. Fortunately, I work with The Renno Lending Team at Prospect Mortgage here in Valencia and they know how to get it done!!!! Keith and Jason Renno just closed a similar loan for me last month in 20 days.

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My buyer is looking forward to getting this deal done and moving into their new home at an awesome price. This proves that there are some great short sale buys out there for buyers who can follow the banks rules and get escrow closed quickly. If you are a buyer interested in a short sale listing, please contact me at 661-713-4799. Also ask me about my FREE 1 year home warranty program on any home you buy! Matt Gregory.

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Matt@ExtremeShortSale.com   661-713-4799

Pete@ExtremeShortSale.com   661-406-2959