Over the past few years short sales have become a large part of the real estate market & sales business in Santa Clarita where I practice. While in reality there are millions of home owners staring foreclosure in the face, it seems only a small percentage of them actually reach out for help. Nevertheless, short sales have become fastest growing alternative to foreclosure over other available options because of the [...]

Short Sale Specialists Helping One Family at a Time Santa Clarita Valley – San Fernando Valley – Antelope Valley This would also be a good time to consult with a tax advisor and a RE/MAX Agent who specializes in your market. RE/MAX agents are trained in working with distressed properties, and we will be able to help you explore options over foreclosure. Truth-be-told, but lenders don’t want to foreclose. Foreclosure [...]

Let me start by by telling you how the Santa Clarita market looks in terms of Short Sale, Foreclosure/REO, and Equity Sale listings. As of 5:14pm on July 12, 2011 the cities of Valencia, Stevenson Ranch, Canyon Country, Castaic, Newhall, and Saugus have a combined total of 1,077 Active Listings. Of these listings approx 43% (466) are Standard Sales, 43% (466) are Short Sales, with a mere 14% (147) being [...]

Purchasing a short sale property in Santa Clarita, San Fernando, Antelope Valley or anywhere else for that matter is much like any other home purchase if, when, and once you get into Escrow. Notice the “if, when, and once”. The difference between a short sale property, a Standard Sale/Equity Sale, Foreclosure Sale, or Investor Owned Home is that there is often a longer than normal wait period before you know [...]

As if working through short sales wasn’t tedious enough….It appears as of 2011 Bank of America Short Sales are becoming a little more frustrating…Bank of America handles its short sale negotiations through a specific online system called “Equator”. Through the Equator system REALTORS® & Short Sale Negotiators work through the rigorous short sale processing tasks assigned by a contact at Bank of America. There are multiple tasks and months of [...]

Many homeowners are upside down on their home. This means the debt owed to the bank(s) is more than the home is worth, or could bring in if sold. This coupled with the weakened job market, income cuts, layoffs, etc. homeowners are finding themselves on the verge of losing their home to foreclosure. Homeowners and families faced with foreclosure must understand they are not alone. Although, it may feel as [...]