Many involved with buying Santa Clarita real estate wonder why short sales take such a long time. Red tape and paperwork is the simplest answer but truthfully a lender takes his time examining the sale, poring over sale figures from the area’s recent real estate sales and analyzing whether a short sale is better than foreclosing on the Santa Clarita property in question.
In a short sale situation the lender is accepting the sales price and is taking a hit on the balance of the loan owed to him. The owner is still on the title and is selling the home but the lender has the final word. Because of this, everyone involved (buyer and seller) is relying on the lender’s approval, which can change at any moment.
Please contact us today to learn more about Santa Clarita real estate opportunities. Whether you are buying or selling we can use our knowledge and experience to educate you on the short sale process.
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.