Welcome again to ExtremeShortSale.com! Certified Distressed Property Expert and top Keller Williams Santa Clarita Real Estate Agent, Matt Gregory continues our series on Santa Clarita Short Sale Pitfalls and how to avoid problems with your short sale. Take a look a the video and read below to learn more.
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Pitfall: The buyer is not properly qualified to buy a home
In the current Santa Clarita real estate economic climate, a buyer’s willingness to make an offer on a short sale or any other property for that matter does not mean that the buyer is truly qualified to purchase. The reality is that buyers need to be pre approved for financing, closing funds must be verified, and their ability to buy needs to be confirmed. Many times I will show up to our office in Valencia and have a 1 page faxed offer to purchase one of my short sales in my fax machine. These offers are from investors that have never seen the home, did not provide a pre approval letter, did not provide proof of funds, and are not a qualified buyer for this home. Accepting this sort of offer can and most often will lead you directly into a pitfall! The idea here is to avoid foreclosure! You’ve probably already discovered that a Loan Modification won’t work for you! If your buying a home or selling a home, you can’t afford mistakes with your short sale, so be sure to contact Santa Clarita Short Sale Expert, Matt Gregory.
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Solution: Properly Qualify All Buyers
Your agent should be familiar with what must be verified in order to qualify a buyer to submit an offer on your property. Otherwise, these offers may have little chance of closing. Don’t risk this process with an uneducated agent who does not appreciate this aspect of short sales. It is a requirement on our short sales that all buyer’s get preqaulified with The Renno Lending Team at Prospect Mortgage. Once pre qualified with my trusted lenders we will open escrow and look forward to a successful close of escrow!
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One more time! The idea here is to avoid foreclosure and protect your future wealth! You’ve probably already discovered that a Loan Modification won’t work for you! If your buying a home or selling a home, you can’t afford mistakes with your short sale. We highly recommend you be sure to contact Santa Clarita Short Sale Expert, Matt Gregory. You may contact Matt right here or call him at his cell phone now! 661-713-4799.
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STRUGGLING WITH YOUR MORTGAGE? YOU’RE INVITED / LATE NOTICE
If you’d like to attend tonight’s Community Townhall Meeting, it’s tonight, Wednesday, 7/28 from 6:00pm to 8:00pm at the Valencia Library. This is a great and free meeting featuring an expert speaker & panel on the topic of Distressed Mortgages. You will be able to ask questions directly to the expert panel, consisting of a CPA, Loan Officer, Bank Negotiator, Attorney and Real Estate Broker. Matt Gregory will be there, but you should RSVP in advance since seating is limited. As always, if you can’t make the meeting Matt will be glad to meet with you for a confidential meeting to explore your options and find a solution that’s right for you.
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