Posted on March 22nd, 2011, 1:41 pmby Matt & Pete Gregory
Welcome to ExtremeShortSale.com and the Gregory Real Estate Group! With the number of short sale properties on the market today, we thought it might be a good idea to address one of the questions we sometimes hear from our clients. Why would my lender agree to a short sale? Take a look at the video and read below as expert short sale agent, Matt Gregory explains:
.
In most distressed mortgage situations, foreclosure is a last resort for all parties involved. Simply put, both the homeowner and the lender usually want to avoid foreclosure at all costs. That is why lenders have come up with various alternatives to foreclosure, which they are very motivated to pursue prior to going to foreclosure. A short sale gives the lender to ability to cut their losses up front, avoiding the time and expense of a foreclosure and potentially greater losses. Lenders want to make loans! They don’t want to be in the business of owning and managing real estate. In many cases, a short sale offers a better return on the lenders investment than a foreclosure. Contact Matt Today!
.
Last year we had a perfect example of a lender taking heavier losses by foreclosing than if they would have agreed to a short sale. The lender mistakenly thought the property was worth way more than they were offered on the short sale. They went ahead a foreclosed but sold the property for much less than they were offered on the short sale. In this case the lender was unfortunately provided an incorrect and low BPO by their own broker.
.
If you’re struggling with your mortgage and would like some help exploring your options and solutions, contact us to schedule a confidential consultation. You may contact Matt at 661-290-3735. Matt is a short sale expert and a top Keller Williams real estate agent in Santa Clarita, CA.
Posted on January 28th, 2011, 2:01 pmby Matt & Pete Gregory
Welcome to ExtremeShortSale.com and the Gregory Real Estate Group. Today Certified Distressed Property Expert and Santa Clarita Short Sale Specialist, Matt Gregory shares a new success story regarding one of his Santa Clarita Short Sale listings. Again, Matt was able to help a homeowner short sale their home and move on with their lives. Check out the video and read below to learn more!
This is a Saugus Short Sale transaction of a condo on Susan Beth just off of Bouquet Canyon Road. The primary lien holder was ING Direct and there was also a 2nd trust deed, held by Citibank. Matt listed the property quite some time ago, received an offer and had his top negotiator work with the lender to reach an agreement. We received the approval letter from the lender just this week and escrow will close very shortly. Our homeowner is happy, to say the least and the buyer is getting a good value.
.
If you’re a homeowner struggling with your mortgage you’re in the right place. We’ve helped many other homeowners avoid foreclosure and short sale their homes. We’ve also helped many homeowners to save their homes. We’re always available for a private consultation and we can help you explore your options and find a solution. Lead by Matt Gregory, our Gregory Real Estate Group utilizes up to date and cutting edge solutions, necessary in successfully dealing with today’s real estate market. We’re happy to meet with you and review your potential loan modification. We’re sure we can offer some options you probably haven’t yet discovered, that may work for your specific situation. Remember, the broker fees for a short sale cost the homeowner nothing. In some cases we’re even able to get a little money back to the homeowner to help with their re-location. Contact Matt Gregory today at 661-713-4799.
.
If you’re a buyer looking for a new home it’s a given you’ll be looking at some Santa Clarita short sale listings. there’s just no way to get around it because the Santa Clarita real Estate market is just loaded with short sales. don’t pass up the chance at choosing your dream home just because it’s a short sale. Although some real estate agents, for good reason, tend to shy away from short sales, we at the Gregory Real Estate Group look forward to the challenge. If you’re looking to buy a home please contact Matt Gregory at 661-713-4799 or Pete Gregory at 661-406-2959. Obviously, we’re highly experienced with short sale transactions but we’re also very active in the Santa Clarita Real Estate market. Contact us today!
Posted on November 30th, 2010, 1:13 pmby Matt & Pete Gregory
Greetings and welcome back to ExtremeShort Sale.com and the Gregory Real Estate Group. We hope you’ll find this Santa Clarita Short Sale information helpful and as always, we welcome your comments. Today’s video contains a 2011 New Years prediction for Santa Clarita Short Sales and the Santa Clarita Real Estate market. Take a look at the video and read below to find out more.
.
The big prediction for 2011 is absolutely no surprise but here it is: People will continue to struggle with their mortgages! Foreclosures and short sales will continue to be a large percentage of the Santa Clarita real estate market. Here’s how we see it: It’s a known fact that 67% of everyone receiving a loan modification will default within one year. There were many loan modifications made in 2009 and 2010. If the 67% default factor is true, many of those loan modifications will turn in to short sales or foreclosures. Understandably, many of us let our emotions dictate when it comes to financial decisions regarding our homes and mortgages. The sad truth is, most homeowners obtaining loan modifications in the last year should probably have gone the Santa Clarita short sale route. Here’s why:
.
Loan Modifications are a good solution for those that may have experienced a temporary loss or reduction of income and fell behind with their mortgages. They may have been without employment for a few months, but are now back to work. They may have been ill for a short while. Whatever the reason, the income problem is no longer an issue but the homeowner is still faced with the task of catching up with their mortgage payments. Sometimes the amount behind is just too big a number, so the best option might be a loan modification. Here’s the problem:
.
MOST PEOPLE OBTAINING LOAN MODIFICATIONS DO NOT FIT THE ABOVE MENTIONED EXAMPLE. Their income losses were not a short term problem but long term. As a result, they may now default on their loan modification! They probably should have completed a Santa Clarita Short Sale as opposed to obtaining the loan modification. Yes, they would have lost their home, but look at the future wealth they could have saved! If you fit even a portion of the profile above, you can take comfort in knowing you’re not alone! Also, it’s also not too late to now make the right decision.
.
Contact Matt Gregory and his short sale experts at the Gregory Real Estate Group, for a confidential meeting. We can help you explore your options and find a solution to your mortgage struggles. It’s critical the homeowner avoid foreclosure, no matter what! We can help so please contact us and remember this: A short sale transaction usually costs the homeowner nothing! In some cases the homeowner can even walk away with a few bucks! Matt Gregory and his group are extremely active in the Santa Clarita Real Estate market. Matt Gregory is a Certified Distressed Property Expert and a Short Sale Specialist. If you’re considering a short sale as a possible solution to your mortgage difficulties it’s critical to contact us today. We look forward to hearing from you.
Posted on September 29th, 2010, 2:10 pmby Matt & Pete Gregory
Welcome to a “Walk In The Park,” brought to you by ExtremeShortSale.com and the Gregory Real Estate Group. This is our fifth post featuring our Santa Clarita Parks, “Walk In the Park” video series. Each week we prepare and post a video or slide show movie of a different park in the Santa Clarita Community. See more videos and find out about other smaller parks here in the Santa Clarita Parks system. Santa Clarita Real Estate has so much offer, not the least of which is the Community Parks System. Today’s feature park is Valencia Glen Park, located in Valencia, CA! Here’s a list with links of more parks. Take a look at the short “Walk In the Park” video and enjoy!
Valencia Glen Park is another very nice, quiet and peaceful community neighborhood park, typical of Santa Clarita Real Estate development over the years! It’s located off Orchard Village and Mcbean Parkway in Valencia Ca. Click here for directions It’s another one of those wonderful smaller, passive Santa Clarita Parks. Additionally, it’s tied in to the neighborhood pasaeo walkway system, which is very common in Santa Clarita The Gregory Real Estate Group have closed numerous Santa Clarita Short Sales and other Santa Clarita Real Estate transactions as well. We always love showing or listing homes in the area surrounding the Santa Clarita Parks because the parks are such an attraction. They’re well maintained, relaxing and fun for the entire family. Check out this list of other similar Santa Clarita Parks
.
Now, for just a little Santa Clarita Real Estate business! The Gregory Real Estate Group prides ourselves on our success in helping our friends and clients with all their Real Estate needs. If it’s time for you to sell your home or buy a home, we want to help! If your struggling with your mortgage and facing the possibility of foreclosure, we can help. In fact, Matt Gregory leads our group and is a top Santa Clarita Real Estate Agent and an expert in Short Sales and helping others to avoid foreclosure. Many of our clients have tried Loan modifications and failed. The reason loan modifications are usually not the solution is because loan modifications are only right for a very few individuals. Most people should be exploring other options to solve their mortgage crisis. In most cases, a short sale is going to be the answer. Schedule a meeting with us and we’ll help you explore your options and find a solution that’s right for YOU! We want to help! Our first goal is always to help the struggling homeowner try to save their home, if at all possible. This service is FREE, from the Gregory Real Estate Group! Contact us today to schedule a FREE and confidential meeting.
.
Our office is located at 25124 Valencia Blvd in Valencia, CA 91355. It’s the Keller Williams VIP Properties building on Valencia Blvd, right next to the 5 Freeway.
Posted on August 26th, 2010, 1:32 pmby Matt & Pete Gregory
Welcome to ExtremeShortSale.com! Have you submitted your Loan Modification package and receiving no response? Have you received a Notice Of Default? Is your Sale Date approaching? Does your lender have your head spinning like the video below? We can help. Call the Gregory Real Estate Group today at 661-713-4799 or 661-406-2959. We can help and it’s FREE! Our goal is to help our friends and clients avoid foreclosure and save their home, if possible. You have options and there are solutions.
.
Did you know that only 4% of those that apply for loan modifications actually receive a loan modification. Also, 67% of those that do receive a loan modification end up defaulting within 9 months. These statistics are not encouraging but they are true. Loan Modifications are really only meant for those with specific financial situations. One example would be the temporary loss of job. Another example would be temporary health problems. The key word here is temporary! That is, whatever reason that you fell behind on your mortgage is no longer an issue. If you’re now back on your feet financially, and you’re not totally upside down on your mortgage, go for that loan modification. If you’ve been experiencing financial difficulties for some time and the situation is not going to change in a short period of time, a loan modification is probably not the correct solution. It would be wise to avoid foreclosure, no matter what! In this case, a Santa Clarita Short Sale, or a Short Sale in any other city, might be the best solution.
.
What’s most important is that you understand is, you have options and there are solutions. We can help! Contact us today and schedule a FREE confidential consultation. Did you know that a Santa Clarita Short Sale usually costs the homeowner NOTHING! It’s usually FREE! Contact Matt Gregory at the Gregory Real Estate Group, TODAY. We can help and we want to help.
Posted on August 9th, 2010, 12:55 pmby Matt & Pete Gregory
Good Morning and welcome to ExtremeShortSale.com! As you may be aware, there are many myths and misunderstandings associated with Santa Clarita Short Sales. To help clear up some of these incorrect assumptions, we offer our Santa Clarita Short Sale Myth series. Today we offer Santa Clarita Short Sale Myth Number Eight! Matt Gregory is a Certified Distressed Property Expert and is highly experienced in Short Sales. Matt Gregory is a top Keller Williams Santa Clarita Real Estate Agent and very active in the Santa Clarita Real Estate market. Remember, if you’re struggling with your mortgage there are options and solutions. Loan Modifications often are not the answer. Avoid foreclosure! Watch the video and read below to find out more.
A short sale transaction can be time consuming, frustrating and most often it’s a complex and lengthy process. It requires patience and good understanding of how the various lending institutions deal with short sale submissions. Many people have a Santa Clarita Real Estate agent they’ve used in the past. Their first thought when they consider selling is home is to contact an agent referred by a friend or one they may have used in the past. Be advised, this could be a big mistake with a short sale. Not every agent knows how to work a short sale. If the agent you choose has little or no experience with short sales, you will be jeapordizing the success of your short sale! If they have no specialized training in short sales or no track with successful short sale transactions, you’re taking a risk you can’t afford. Short sales are tough enough to close, even for the experienced Santa Clarita Short Sale Agent. Also, it’s best if the short sale agent uses an experienced bank negotiator. Some agents have almost no experience and try to negotiate with the bank themselves. We do not advise anyone use an agent with no experience in specifically negotiating a short sale with lenders. Here’s some questions any homeowner should ask their prospective Santa Clarita Real Estate agent:
.
Have you ever worked a short sale? If so, how many short sales have you successfully closed? Have you received any specialized short sale / pre-foreclosure training?
.
Do you negotiate with the lender yourself? If the answer is yes, what are your qualifications to provide this service?
.
Do you use and pay an experienced negotiator? If so, who do you use? What are their qualifications?
.
How much will I, as a homeowner, have to pay for my Real Estate Broker to sell and negotiate my short sale? In most cases, the answer is $0.00. FREE. The lender should always pay the broker, not the seller!
.
Your new agent should try their best to help you avoid foreclosure and stay in your home. The agent should be able to help you analyze any possible loan modification options. Your agent should help you to understand all your options before you decide to short sale your home, even if it means “no listing” for your agent. this process should cost you nothing! FREE!
Be sure to check your prospective Santa Clarita Real Estate Agents’s referrences. You can’t afford to have your transaction fall apart due to inexperience!
Matt Gregory has received specialized training and is a Certified Distressed Property Expert and is a pre-foreclosure Specialist. He has successfully closed many Santa Clarita Short Sale transactions and has plenty of references. Contact Matt today at 661-713-4799.
Posted on August 3rd, 2010, 1:44 pmby Matt & Pete Gregory
Good Afternoon and welcome to ExtremeShortSale.com! Our team here at Extreme Short Sale is lead by a top Keller Williams Santa Clarita Real Estate Agent, Matt Gregory. Matt’s also a Certified Distressed Property Expert and highly experienced in short sales, especially here in Santa Clarita. Today we continue our Santa Clarita Short Sale MYTH series. Take a look at the video and read below to find out more.
This is absolutely FALSE! This is one of the top misunderstandings of homeowners that are facing foreclosure. So many homeowners don’t even bother with a short sale because of this misconception. The truth is that banks do not want to foreclose on your home because the process is very costly. Banks tend to make more money through a short sale than a foreclosure and with less problems. A homeowner that is trying to complete a short sale usually is still caring for the home and maintaining the home. When a bank forecloses on a homeowner, the homeowner tends to be angry and can often damage the home and make it tougher to sell for the bank. So these are the reasons why your bank does want to work with you on a short sale.
I am always here to help! Please feel free to contact me with any questions regarding your real estate needs. I also do private consultations and I’m happy to help others analysize their potential loan modifications and mortgage status. We’re here to help so please contact me and we’ll set up an appointment. Matt Gregory 661-713-4799.
Posted on July 14th, 2010, 3:06 pmby Matt & Pete Gregory
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.
.
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.
.
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.
.
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.
Posted on July 2nd, 2010, 10:28 amby Matt & Pete Gregory
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!
.
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.
.
Here are my suggestions for anyone in trouble with their mortgage:
.
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.
.
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.
.
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!
Posted on June 29th, 2010, 3:40 pmby Matt & Pete Gregory
Good Afternoon and welcome to ExtremeShortSale.com. Today, Certified Distressed Property Expert, Matt Gregory talks about a recent successful Santa Clarita Short Sale transaction. Matt Gregory is a top Keller Williams Santa Clarita Real Estate Professional and uses ExtremeShortSale.com as a venue to help educate and provide information to all. Take a look at the video and read below to learn more.
Matt is presently representing one of his buyers for a short sale transaction here in Santa Clarita. Escrow opened about 45 days ago and is closing tomorrow! In this case the seller already had an approval from the lender, which is the best kind of short sale listing to have. It’s just one of those deals that worked out great for the buyer, seller, lender, and both Real Estate Professionals. Yes, the lender benefits by saving the costs associated with a foreclosure. The seller avoids foreclosure, protects their future wealth and takes a much shorter credit hit. The buyer didn’t have to wait an unreasonable amount of time for escrow to close. the Real Estate agents are always happy to close their transactions quickly. If you’d like to learn more about the advantages of short sales, see our previous posts at ExtremeShort Sale.com.
.
Although Santa Clarita Short Sales are difficult and lengthy at times, they are closing every single day here in Santa Clarita. Matt Gregory and his team love our Santa Clarita Real Estate business and especially our association with Keller Williams VIP Properties. We look forward to helping others who may be struggling with their mortgages, explore their options and find a solution. It is possible and we can help! Please contact us to schedule a confidential meeting and let us, help you, help yourself!
.
Again the BIG REMINDER! Beware of the SCAMS out there. If it sounds too good to be true, it probably is! Don’t give anyone any money up front for a Loan Modification. Watch out for the Forensic Loan Audits and Check for Securities. They rarely work and are very costly! if you do short sale your home be sure to use an experienced short sale Real Estate professional. Short Sale transactions can be exteremely complex and you don’t want to take chances with a failed transaction due to inexperience. Short Sales can be tough enough as it is.