Subscribe to PostsWelcome to ExtremeShortSale.com and the Gregory Real Estate Group. Matt Gregory is a Broker Associate and top real estate agent with Keller Williams VIP Properties in Santa Clarita, CA. Matt leads our Gregory Real Estate Group and has successfully closed many Santa Clarita short sale transactions as a representative of home buyers and sellers. We’re beginning to see a little bit of a shift with some lenders regarding property sale date extensions, especially once the NOD has been filed. Take a look at the video and read below to learn more:
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At this time it appears lenders are less inclined to agree to property sale date extension, even if the short sale is close to approval. A common question we hear from homeowners planning a short sale is, at what point should the short sale process begin? The best response is always, the sooner the better! There are a number of factors involved in a successful short sale and starting the process early is one of them. The sooner the short sale process begins, the better the chances of success. Once the homeowner receives a Notice of Default, the foreclosure process has begun and the clock is ticking. Yes, in most cases we’re still able to obtain sale date extensions, but it appears some lenders are a little less agreeable in some instances. That being said, we still believe it’s never too late to successfully complete a short sale. We must always remember, the chance for success is better if the process is started early.
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If you’re struggling with your mortgage and would like to discuss your options, we’d like to help! Please contact Matt Gregory at 661-290-3735 and he’ll schedule a confidential consultation, FREE of charge! Remember, the broker commissions for a short sale transaction usually costs the homeowner nothing!!
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Pete@ExtremeShortSale.com 661-406-2959
