If you have been considering foreclosure for your Santa Clarita real estate you should enter the situation armed with as much knowledge as possible. Foreclosure is a big step, giving ownership of your home to the lender and ruining your credit for the next seven to ten years. Typically a Santa Clarita property is in pre-foreclosure before entering into full foreclosure. The pre-foreclosure period is when the mortgage has not been paid for three months or so and a letter has been received from the lender informing the home owner that foreclosure steps will be taken. Sometimes this process is short, sometimes long.
Foreclosure can be avoided on your Santa Clarita home by entering into a short sale, which must be approved by the lender, going through a loan modification, or paying off the debt that you owe on the home. Foreclosure can and should be avoided whenever possible. Please contact us today to learn more about Santa Clarita foreclosures, how to avoid them or how to invest in them.
Contact us at Remax Santa Clarita today to learn more about Santa Clarita real estate, as well as to have free access to the Santa Clarita MLS and all Santa Clarita properties that are currently listed for sale.