Extreme Short Sale

Happy Thanksgiving, Good Afternoon and welcome to ExtremeShortSale.com! Here is a quick market update for the Saugus real estate market in the Santa Clarita Valley from Santa Clarita Short Sale Expert, Matt Gregory of the Gregory Real Estate Group

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Matt Gregory of the Gregory Real Estate Group is a top Keller Williams agent & very active in the San Fernando Valley & Santa Clarita Real Estate market. Matt  is highly experienced in Santa Clarita Short Sales and is a Certified Distressed Property Expert. The goal is always to help our clients avoid foreclosure and save their home, if desired and if it makes financial sense. Matt will help to analyze any possible loan modification so you can decide if a loan Modification is right for you. If there’s no way a loan modification will work, Matt can help you avoid foreclosure and short sale your home.

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As promised, here’s the Santa Clarita Short Sale Update for Saugus, CA, by Matt Gregory:

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Hello Everyone and Happy Thanksgiving from the Gregory Real Estate Group at Keller Williams. I just wanted to give you a brief Santa Clarita short sale market update for the Saugus community. Right now, there are 195 active homes for sale in Saugus ranging from a two bedroom town home for 115k all the way up to a 2.5 million dollar twenty acre ranch down San Francisquito Canyon. 96 of these homes are short sales seeking bank approval. This means that 49% of homes for sale in Saugus are short sales. The Saugus real estate market has seen 486 homes change ownership so far in 2010. 143 of these homes were short sales that successfully received bank approval. That means that 29% of homes that have sold in Saugus this year have been short sales.

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I hope you found this information helpful. For any real estate questions please feel free to contact Matt Gregory at 661-713-4799. I will be glad to help you with any of your real estate needs. Happy Thanksgiving!

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Avoid Foreclosure! We can assist you with your loan modification analysis and possibly save your mortgage and your home! If not, we can professionally handle your Short Sale and allow you the best chance to successfully close your sale and look forward to a brighter financial future . 

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Please remember to avoid those TOO GOOD TO BE TRUE, SCAMS. Unfortunately, there are people in our world taking advantage of others that are struggling with their finances and mortgages. You can see our other posts regarding this subject but we suggest avoiding those Forensic Loan Audits and Check for Securities. They can be very expensive and rarely yield any significant results. NEVER give anyone any money up for a loan modification. If you plan to enter into a Santa Clarita short Sale transaction it’s critical to be represented by a real estate agent that is an expert in short sales. These transactions are becoming more and more complex and there’s absolutely no reason to take a chance with an inexperienced real estate agent. this problem can be easily solved byt contacting Matt Gregory, today!  Just remember the old adage: If it sounds too good to be true, it probably is!! 

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As always please feel free to contact me with any and all real estate needs. You may contact me by clicking here or at my personal cell phone at 661-713-4799. 

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Pete@ExtremeShortSale.com 661-406-2959

Matt@ExtremeShortSale.com 661-713-4799

Welcome to ExtremeShortSale.com and Matt Gregory’s Gregory Real Estate Group! We’re glad you’ve visited our site and welcome your comments. Today’s video may be similar to some of our other videos but we feel the Santa Clarita Short Sale and Loan Modification topic warrants continued discussion. Once again, it rarely makes good financial sense to obtain a loan modification as a way to avoid foreclosure. Loan Modifications are only right for a very few and in fact, 67% of all people obtaining loan modifications will default in the first nine months. What’s more upsetting is, the lenders are aware of this statistic but don’t care! In most cases, a Santa Clarita short Sale is the best option to avoid foreclosure. Take a look at the video and read below to learn more.

Real Estate Agent/Broker, Matt Gregory leads our group and is a Certified Distressed property Expert and a Short Sale Specialist. It’s critical, if you’re struggling with your mortgage, to talk to an expert! Matt Gregory and his group are extremely active in Santa Clarita short Sales and the Santa Clarita Real Estate market.

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The Santa Clarita Real Estate market are loaded with Santa Clarita short Sales. Many homeowners are avoiding foreclosure by obtaining loan modifications. the problem is, loan mods are really only right for those that experienced a temporary financial setback and are presently recovered. The homeowner may have fell several months behind on their mortgage and just don’t have the money to pay their mortgage current. That’s what a loan modification is for! If the homeowner obtains a loan modification with the knowledge that they still won’t have enough money to keep up, they will undoubtedly default on their mortgage within a year. That’s why, in most cases it makes much more sense to have the Gregory Real Estate Group complete a Santa Clarita Short Sale! Be advised, our first priority always is to help our friends and clients save their home. If that’s what is desired by our client we’ll help them determine if it makes good financial sense.

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Matt will help you analyize your potential loan modification for FREE. It cost you nothing, so give us a call, schedule a meeting and get that monkey off your back. Often times, just talking about your present mortgage situation & facing your financial truth will tremendously relieve your stress. it’s amazing really! Contact Us today and let us help you, help yourself!

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Matt@ExtremeShortSale.com   661-713-4799

Pete@ExtremeShortSale.com   661-406-2959 

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Good Afternoon!

Today, Certified Distressed Property Expert, Matt Gregory of ExtremeShortSale.com talks about how the lender’s broker fouls an short sale deal by making an incorrect “BPO” or Broker’s Prince Opinion. Take a look at the video and read below to learn a little more about short sale transactions.

 When a short sale package and offer is submitted to the owners lender that same lender must verify the offer is of market value. To accomplish this, they have their own broker visit the property and provide them with what’s referred to as a “BPO” or Brokers Price Opinion. If the lender’s Broker comes back with the opinion that the distressed property is valued at substantially more than the offer the lender will not accept the offer and this may kill the short sale deal. Many times, these opinions are wrong, kill the deal and even end up costing the bank money later. One of the reasons for this is, the lenders broker may be from out of the area. That same broker may also be the broker that is awarded the listing if the property forecloses. If so, that’s a conflict of interest and we sincerely hope that is not the case. Matt recently received a call from an REO Broker on a short sale listing he once had that was killed by a bad BPO. As it turns out the bank has now foreclosed and will end up receiving less money that if they would have agreed to the short sale offer. This is not uncommon and it’s a lose, lose for the homeowner, the buyer, bank and the short sale broker. HOW SAD! Sometimes it just seems like the bank wants to foreclose. The reasoning often times does not make sense but that’s the way it goes. A good negotiator will argue the incorrect BPO and sometimes they are successful and other times they are not.

As always we take the end of each post to remind everyone to beware of SCAMS! We always find those opportunistic folks out there looking to take advantage of the misfortune of others. DO NOT give any money up front for help with your loan modification.Watch out for the Forensic Loan Audits! If you decide to short sell your home be very careful about who you work with to sell and negotiate your sale. A Short Sale can be very tricky and it’s important to use someone that’s qualified to handle your sale. Matt Gregory, here at ExtremeShortSale.com is a Certified Distressed Property Expert and highly experienced in such matters. We’re here to help you, even if we don’t end up doing business together. We don’t want to see anyone lose their home to foreclosure or make an uninformed decision about their mortgage. If we think you qualify for a Loan Mod, we’ll tell you!! If we think you’d best benefit from a short sale, we’ll tell you! We’ll help you explore your options!! This is our promise to you! We want to HELP you, help yourself!

Pete & Matt Gregory

ExtremeShortSale.com

Good Morning All!

The topic for the day is Short Sales and hardship! Read the text below and be more informed! We welcome your comments. 

With several homeowners upside down on their homes, we’re starting to see more homeowners becoming strategic defaulters on their loans. What does this mean? This simply means that homeowners who do not have a true hardship such as loss of job, loss of income, or any sort of financial hardship are selling their homes for less than what they owe by doing a short sale. Many people are asking how can this be done? First off, we’re not saying that strategic default is right or wrong. We’re just stating that it is happening out there. Most people believe that there must be a valid hardship for the homeowner to complete a short sale, but my question to all of you is this? Who has the hardship when the homeowner/borrower stops paying the bank or lender? THE BANK OR LENDER DOES!!! The bank or lender is the one that is receiving the money from the borrower and when that payment stops coming in who suffers? THE BANK DOES! Here is another example of passing on a hardship to another party. My friend Joe owns a condo as a rental property. He rents it out to Lisa for $1,400.00. Lisa stops paying Joe. Who suffers?JOE DOES! So when a homeowner current on payments with no valid hardship decides to stop making payments, it becomes the banks problem. Of course the bank has three options at this point. They could let the homeowner live in the home for free, foreclose, or approve the short sale! Now the bank has a hardship because they are not going to let the homeowner live in the home for free so they are narrowed down to options two and three. Foreclosure or short sale and we all know that it is savings over foreclosure. A short sale would be a better choice for a bank because they will save MONEY over foreclosing. Like we mentioned earlier, we’re not saying that this is right or wrong. We’re just showing how a bank would end up having the hardship.

WATCH FOR SCAMS

Again we must remind everyone to please  beware of SCAMS out there. With the number of people struggling with their mortgages and without jobs there’s always those sharks looking to take advantage of the situation. If it sounds to good to be true, it probably is!! NEVER give anyone any money up front to help you with your loan modification. Stay away from the Forensic Audits as well as the Check for Securities. These are not exactly scams but the chance that either one of these being helpful is less than 5% and cost $3000 to $5000.

Realtor commissions for short selling your home should be FREE to the homeowner. It should be negotiated with the lender to pay the commissions.

Please contact us for a FREE consultation and we’ll help you explore your options. There are always solutions and we really want to help you find one.

Have a Great Day!

matt@ExtremeShortSale.com

Good afternoon & welcome, from all of us here at ExtremeShortSale.com. It’s Monday, 5/24/10 & we’re very excited about this weeks FREE Community Town Hall Meeting. If you’re struggling with your mortgage and just want to be informed this is the perfect meeting to attend. You’re all invited but you must RSVP to reserve your seat. Space is limited! Take a look at the video announcement and read below for all the information.

 This meeting is FREE but you must RSVP by calling us at 1-800-952-1105 ext 1061. It’s this Wednesday night, 5/26/10 located at Valencia Library but call the number for all the updated information. You will be able to hear an expert speaker talk about Foreclosures, Loan Modifications, Cash for Keys, Short Sales as well as legal ramifications and tax issues. How does any one of these options affect your credit?? Come to the free community meeting and find out! You will have the opportunity to interact with an expert panel including an Attorney, CPA, Real Estate Broker, Bank Negotiator & Loan Officer at NO CHARGE! If you’re struggling with your mortgage you must attend this FREE meeting! Don’t despair! You have options! Don’t believe everything you read in the newspaper or hear on the news. Your bank cannot be believed regarding these issues! Your Government cannot be believed regarding these issues! You owe it to yourself to learn the unbiased and absolute truth!

If you’re unable to attend this meeting you may also contact us direct at pete@ExtremeShortSale.com or call the number listed above. We will arrange a confidential personal meeting and help you explore your options. Please, please, watch out for yourselves. There are scams out there looking to take advantage of your desperate situation. Remember, if it sounds too good to be true, it probably is! Do not give anyone any money up front to help you with a Loan Modification! Watch out for the Forensic Loan Audits! If you decide to short sell your home be very careful about who you work with to sell and negotiate your sale. A Short Sale can be very tricky and it’s important to use someone that’s qualified to handle your sale. Matt Gregory, here at ExtremeShortSale.com is a Certified Distressed Property Expert and highly experienced in such matters. We’re here to help you, even if we don’t end up doing business together. We don’t want to see anyone lose their home to foreclosure or make an uninformed decision about their mortgage. If we think you qualify for a Loan Mod, we’ll tell you!! If we think you’d best benefit from a short sale, we’ll tell you! We’ll help you explore your options!! This is our promise to you! We want to HELP you, help yourself!

Pete & Matt Gregory

ExtremeShortSale.com

Good Afternoon to all!

Today, Certified Distressed Property Expert Matt Gregory interviews Chicago Title Account Manager, Derrick Le Blanc. They discuss how a short sale transaction affects the process of clearing title during the escrow process. Watch the video and read below to learn about short sales and title issues.

Guess what? There are no added title clearance issues or difficulties associated with a short sale transaction! As we’ve mentioned before, once the seller receives their approval letter from their lender the mechanics or a short sale transaction progresses as a normal real estate transaction. This holds true for the process involved in clearing title as well. The process is the same as any other real estate transaction. This does not mean there will be no problems but there will not be any more problems because it’s a short sale. That’s good news! As always, the key to a successful short sale is doing the work up front in preparing your package to your lender. After that it’s just the waiting and hounding the lender to obtain their response. We all know they are slow to respond and that has not changed much in the last year!

ANNOUNCEMENT!

The FREE Townhall Community Meeting is coming up again this month on Wednesday, May 26th at the Valencia Library from 6:00pm to 7:30pm. there will be a guest speaker & expert panel on hand to answer any questions you might have regarding Loan Modifications, Foreclosures, Short Sales, Cash for Keys, etc. You must contact us in advance to reserve a seat and seating is limited. If your struggling with your mortgage this is a great opportunity to learn about your options and find a solution!

Have a great day! 

pete@ExtremeShortSale.com

Good Afternoon and Happy Friday!

If you’re struggling with your mortgage and thinking about short selling your home there’s much to learn! The most inportant factor in determining the success or failure of your deal may be the contents and proper submittal of your package to your lender. We at ExtremeShortSale.com provide this information in an effort to help those folks that find themselves in difficult financial situations to find a suitable solution to their problem. You have options and there are solutions. Watch the video and read below and please contact us with any questions.

Today Certified Distressed Property Expert, Matt Gregory discusses the importance of the actual short sale package submittal. the success or failure of most short sale transactions are determined in the first 30 days. Once you’ve received your offer you need to have your lender submittal package ready to go so it can be sent to your lender along with the offer. It’s absolutely critical that the package contain all the information your lender might require. The various lenders may require slightly different documentation but here’s what’s needed to start with. At the very least, you’ll need bank statements, tax returns, mortgage statements, hardship letter, employment status, etc. Virtually everything you would provide to obtain a new loan may be required when submitting this package. By the way, you must get this info to your agent or negotiator just as fast as you can after your home is listed! Do not delay in compiling this information!  It’s critical you hire an experienced Real Estate Agent that specializes in short sales. It is also critical that your agent use an experienced bank negotiator to handle this process. This should be outsourced or the negotiator should be a member of the agents staff. Most agents are not bank negotiators and it’s critical you find out before you hire your realtor how they intend to negotiate your deal. If this package is not submitted in a complete and professional manner the odds of your success go down!! Beware!

As always, please avoid those scams out there! Remember, if it sounds to good to be true, it probably is! Never pay anyone any money up front to help you with your loan modification. Loan Modifications rarely work. Forget those Forensic Loan audits! Don’t allow yourself to be taken advantage of during these difficult times!! Contact us for a free consultation and we’ll help you explore your options and find your solutions. We want to help you help yourself. Don’t despair! We’ll help if you let us!

Pete & Matt Gregory

ExtremeShortSale.com

pete@extremeshortsale.com

Good Morning to all!

I’m Pete Gregory with ExtremeShortSale.com and I’m here today to write & talk about Distressed Properties, along with other other related topics. We welcome your comments and would love to hear comments from all. Just keep it Honest, Keep it Clean & NO SPAM. We want to help others and any knowledge we gain will benefit everyone.

We’re now a third of the way through 2010 and it’s time to assess where we’re at here in Southern California with Short Sales & Foreclosures. As we predicted, short sales and foreclosures make up much of the real estate market. Standard home sales are far and few between so we’re still focusing on Short Sales. As planned, we continue to help our clients to successfully short sell their homes. Short Sales are not getting any easier, Loan Mods continue to be a joke. The statistics have not changed!! As usual when people are hurting financially there’s always the SCAMS out there offering something too good to be true. Do not give anyone any money up front to help you with your Loan Modification. We’ll help you with it for free. That’s right, I said FREE! If you explore your options with us and we find that your best option is to apply for a loan mod, we’ll help you with that for FREE!

Forget the Loan Audits! If it sounds to good to be true, it probably is! You will pay someone $3000.00 to $5,000.00 to do an audit for you and you only have a 5% chance of them finding something substantial enough to help you out!! These banks have been writing loan docs forever so don’t expect them to make many errors substantial enough to be of benefit for you! You know in your heart this is not the way out!!

Certified Distressed Property Expert Matt Gregory leads our Keller Williams, ExtremeShortSale.com team. I’m Pete Gregory, Matt’s Dad and and Matt’s primary back up and support.  We specialize in short sales and Matt is highly experienced in closing these transactions. If you’re struggling with your mortgage, we want to help! Yes! If we sell your home for you we’ll make money, but what we want to do first is HELP! Contact us for a confidential appointment and we’ll help you to explore your options. If that does not result in any immediate business for us, great. We primarily want to first help you stay in your home and avoid foreclosure if at all possible. The problem is that we all have a hard time recognizing our true financial position due to our emotional state, because we’re hardwired to “protect our castle”. Many times it’s best to explain your financial position to an outside party and that person can help you see your true situation.

Let us help you help your self! Avoid the pitfalls! Avoid the SCAMS! See the TRUTH!

We want to help!

Pete@ExtremeShortSale.com

Good Morning and welcome to ExtremeShortSale.com! In the video below you will see Matt Gregory, a Certified Distressed Property Expert, discuss Loan Modifications at one of his short sale home listings in Santa Clarita, CA. If you’d like more information about the home please contact us and we’ll be happy to set up a private viewing just for you. If you’d like to see some other properties we have available go to mattsellsscv.com 

The mortgage history of the home where Matt’s making the video above, is a very common occurance as far as loan modifications go. The homeowner was one of the lucky 4% that actually received a loan modification and it lasted one year before he defaulted. As many of you know, most folks who receive loan mods end up defaulting within the first year! the actual percentage is 67%. Yes that’s right! 67% of those lucky people who actually receive loan mods end up defaulting within the first year. One of the reasons the percentage is so high is because a loan modification is not right for most mortgages. It’s an ok solution for those that only had a temporary problem such as illness or loss of job. It’s not for those that are way upside down on their loans or those that can’t make their monthly payments. The reason so many are turning to loan mods is because that’s all we’re hearing or reading from the MAIN STREAM MEDIA and paid advertising! It’s one way the lenders can get a little more money out of the borrower before the loan defaults! They suck you dry and then they default the loan!! This just makes me sick! I’ll tell you right now, the solution for most people is not a loan modification!! The real solution is probably a SHORT SALE!! here’s an offer you can’t refuse! Contact the team here at ExtremeShortSale.com and we’ll help you explore your options for FREE! If your best option is a loan modification, we’ll help you with it for FREE. As always, with any loan modification or short sale, the submittal package to your bank is critical!! If it’s not right your package will be filed away and never seen again. Don’t expect the courtesy of a phone call or e mail either! You can expect to spend many hours and days trying to contact them only to find out a month later that you must re-submit! Matt Gregory uses a professional negotiator for all their short sales and if you list your home with us, it’s FREE!! FREE!FREE!

PLEASE, PLEASE, PLEASE do not pay money to anyone up front for a loan modification. Beware of the SCAMS and if it sounds to good to be true it probably is! By the way, don’t count on the whole business about a Forensic Loan Audit or a Check for Securities Violations. They cost $3000.00 to $5,000.00 and there’s less than a 5% chance of finding anything significant enough to help your cause. Let us help you, help yourself! That’s what we’re here for!

Matt & Pete Gregory

Keller Williams Realty

ExtremeShortSale.com