Extreme Short Sale

Welcome to ExtremeShortSale.com and the Gregory Real Estate Group! Here’s a cool grant opportunity for first time home buyers, with low to moderate income levels, to receive $4,000! Read below to learn more, or contact Keller Williams Associate Broker/Agent Matt Gregory! 661-713-4799.

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As you know, most of the Santa Clarita real estate market consists of short sale or real estate owned (foreclosed) properties. Many Santa Clarita homeowners have been hurt so bad by the recession, they’re either short selling their homes to avoid foreclosure, or have already suffered foreclosure. Matt Gregory and his Gregory Real Estate Group have helped many friends and clients avoid foreclosure by short selling their homes. Matt has also helped many home buyers with their Santa Clarita Distressed Property purchase and transactions. These transactions are often complex, difficult and time consuming. Now days, your favorite real estate agent friend or neighbor may not be the best choice for representation. These distressed property transactions require a real estate agent that is trained and experienced, with a proved successful track record. Matt is a Certified Distressed Property Expert and a Short Sale Specialist!  Contact Matt Gregory today at 661-713-4799.

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Here’s the GRANT information:

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2011/2012 First-Time Homebuyer Grant for Short-Sale & REO Properties, and NSP2 Rehabbed Properties from LAHNS

The Southland Regional Association of REALTORS® is currently offering grants to qualified first-time homebuyers who purchase an REO/foreclosure or short-sale property, or an approved NSP2 rehabbed home from the Los Angeles Neighborhood Housing Services (LANHS) within the San Fernando or Santa Clarita Valley and have a low to moderate income-level. The amount of each grant will be $4,000 and will only be paid to qualified applicants after the close of escrow. Repayment of grant is not required.

SRAR staff will administer the applications and grants will only be awarded to the most deserving candidates, as decided by the 2011 HAF Grant Subcommittee. 

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NOTE: THERE ARE A LIMITED NUMBER OF GRANTS. GRANTS WILL BE AWARDED TO QUALIFIED APPLICANTS BASED ON AVAILABILITY OF FUNDS AND ACCORDING TO INDIVIDUAL APPLICANT NEED, AS DETERMINED BY THE REVIEWING COMMITTEE. BUYERS MUST BE ADVISED THAT SIMPLY SUBMITTING AN APPLICATION DOES NOT GUARANTEE AN AWARDED GRANT.

Qualification Requirements:

• Applicant must be a first-time homebuyer, as defined by the State of California.
• Applicant must use a REALTOR® member of the Southland Regional Association of REALTORS® (SRAR) in the purchase of their home through the close of escrow.
• Applicant must purchase an REO/Foreclosure or Short-Sale property, or an approved NSP2 rehabbed home from the Los Angeles Neighborhood Housing Services (LANHS).
  • For more information about LANHS’s NSP2 rehabbed properties, contact them at 888-895-2647
• The home to be purchased must be within the jurisdiction of SRAR.
• Applicant must not exceed the following income limitations:
  • 1-2 Household Members = $95,160
  • 3 or more Household Members = $111,02
• Applicant must attend the Los Angeles Neighborhood Housing Services’ (LANHS) First-Time Homebuyer seminar and must prove the successful completion of the seminar with the certificate provided by LANHS
  • For more information on available classes, visit www.lanhs.org, call 888-895-2647 or email Counseling@lanhs.org
  • There are other First-Time Home Buyer courses that are approved by the City of Los Angeles and would be acceptable for use with this grant program. Click here for a full list of approved providers of First-Time Home Buyer courses.

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To receive the funds you will need:

1. A photocopy of your ID (BUYER)
2. A copy of your final closing statement. You will receive this from the Escrow Company a few days after your transaction.
3. Page 8 of the contract showing buyer’s agent
4. Applicant’s LANHS First-Time Homebuyer Seminar Certification
5. Income verification
6. First-Time Homebuyers verification (Lender/CPA/W2′s etc.)

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Matt & his Gregory Real Estate Group can help you assemble your information. Once you have assembled this information, it will be submitted to:
Southland Regional Association of REALTORS
7232 Balboa Blvd., Van Nuys, CA 91406

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NOTE: It may take 30 days or longer to receive the funds once your application is approved.

Los Angeles Housing Department (LAHD)

APPROVED HOMEBUYER EDUCATION PROVIDERS

All Borrowers applying for the LAHD Homebuyer Purchase Assistance Programs

are required to attend an eight (8) hour homebuyer education course given by

an LAHD Approved Homebuyer Education Provider.

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East LA Community Corporation (ELACC)

530 South Boyle Avenue

Los Angeles, Ca 90033

(323) 269-4214

Languages: English and Spanish

Website: www.elacc.org

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Korean Churches for Community Dev (KCCD)

3550 Wilshire Blvd., Suite 922

Los Angeles, Ca 90010

(213) 985-1500

Languages: English and Korean

Website: www.kccd3300.org

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LA Neighborhood Housing Services (LANHS)

3926 Wilshire Blvd., Suite 200

Los Angeles, Ca 90010

(213) 381-2862

Languages: English and Spanish

Website: www.lanhs.org

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New Economics for Women (NEW)

303 South Loma Drive

Los Angeles, Ca 90017

(213) 483-2060 ext. 106

Languages: English and Spanish

Website: www.neweconomicsforwomen.org

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Shalom Center

2975 Wilshire Blvd., Suite 415

Los Angeles, Ca 90010

(213) 380-3700

Languages: English and Korean

Website: www.shalomcenter.net

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West Angeles Comm. Dev. Corp. (WACDC)

6028 Crenshaw Blvd.

Los Angeles, Ca 90043

(323) 751-3440 ext. 29

Languages: English

Website: www.westangelescdc.org

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Please note that the information above may change. Please contact the agencies directly to obtain current

information.

All of the agencies above are HUD Approved Housing Counseling Agencies. If you are a HUD Approved

Housing Counseling Agency and are interested in becoming an LAHD Approved Homebuyer Education