• Home
    • Blog
    • Navigating The Santa Clarita Short Sale Process

    Navigating The Santa Clarita Short Sale Process

    short sale process Santa Clarita
    Click to see how we do Short Sales

    What are Short Sales?

    A Short sale is started at a time when the owner of a property, with a hardship, decides they would rather have the bank approve them selling their home for less than what they owe than experiencing a foreclosure.  This differ’s from not paying a mortgage and allowing the property to go to Foreclosure or Auction.  Short Sales do a better job at protecting the “seller”.  Schedule an appointment with us to find out more about the “protective nature” of Short Sales.

    Rough waters ahead

    Navigating the short sale process can be a daunting process to say the least, luckily these days there are many real estate professionals that can help. A CDPE is a certified distressed property expert, one who has been through an education process and gained real life experience with regards to buying and selling distressed properties. A short sale is a great way to sell your home while avoiding foreclosure. However, this process is neither easy nor quick.

    Patience is a virtue and reminding yourself of this on a daily basis is key if you are going to make it through a short sale transaction. While you may get your paperwork to the lender in a timely manner, the length of time that it takes a lender to follow through can be long and slow. Of course this will be followed by more paperwork too!

    About the hardship letter

    One important piece of the short sale puzzle is the hardship letter. There is no prototype here, no legal definition of what the letter should contain. Clearly to be accepted for a short sale you need to show why you are in this position and why your hardship deserves consideration. Some situations that fall under the hardship category include: job loss, divorce, death of an immediate family member, too much debt, high medical bills, and so on.

    A short sale transaction is an experience, one which is made easier with professional help. Stay the course and a successful short sale can help you avoid foreclosure and ease your burden in the long run.

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.
    Comments are closed.

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)