Watching the local Santa Clairta Valley real estate market is not just about the new listings that hit the “for sale” realm. However, if you want to see the new listings for the SCV click here
It involves looking at the “off market” activity for each one of the Santa Clarita Valley cities.
Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch, Valencia and Santa Clarita. A daily search for the NOD, Notice of Default, and the off market Bank owned real estate keeps our clients informed as to the “most current” happenings in our valley. Search the off market NOD’s and Bank Owned listings
We have watched as the NOD’s have continued to be filed by the banks that own mortgages that they deem as “having not been paid” or not “kept current”. Typically, if you are falling behind due to some traumatic life changing event – most banks give approximately 90 days before they head over the local court house and file the Notice of Default against you. Examples of Life Changing Events are the three D’s – Death, Divorce, Disease. There is a J in there too – Job Loss is also a Huge Factor with the Short Sales my Team handles.
The NOD filing puts the court on notice and establishes a “legal frame” to allow them to move forward with foreclosure on the property, if the payments are not caught up and satisfied.
It is at the time when a Home Owner in the Santa Clairta Valley is still current, starts to ask themselves the question of “What are we doing with regard to our home”, when they need to contact a local Santa Clarita short sale team. Local Santa Clairta short sale agents comfort zone.
It’s just like my 18 year old son. He wants to go to college and I think it’s a great idea. I explained to him that going to college keeps doors open. If he does not attend and obtain at least a 4 year degree – his resume won’t make it to the “personnel department” with most employers..
I continued to tell him that most “big business” have scanners that look through the applications received and if the boxes are not checked off – because he is lacking what they want, the application does not move forward.
Of course, there are those stories – rumors and legends of those meeting a top CEO at a Starbucks, being discovered and then offered a job. It happens, but due to the fact it’s “legendary”, it does not happen often enough to allow for a person to have doors close due to non attendance.
With our Santa Clarita short sales and our negotiation of them, it is great for the Short Sale Seller to contact our REMAX Paris911 Team before they fall behind. It is even better to get a grasp on what may happen if they fail to make their next mortgage payment. That way all of the “doors” remain open. The short sale seller is still current, they have all of the options available to them. Loan Modification, Deed in Lieu or Short selling.
That process has a specific timeline and only the savviest of Short Sale Agents can explain the A through the Z of that process.
Sometimes, a Short Sale Seller does not know what to do. That is why our Short Sale Briefing is paramount during the time when “doubt” enters the homeowners mind. At the very first inclination that they may be struggling in the near future. It’s about education and self-awareness. Not about grabbing a short sale listing through scare tactics.
If you are selling short – it may be for another reason entirely. It may be that you are so far upside down you see no other option. It may be that your home value has decreased over 50% from where you originally purchased the home.
If that is the case – you are going to want to undergo a Strategic Short Sale. That is the situation where there is no “verifiable” hardship. In fact, we find those getting accepted as well by the investors and banks that are working with our Santa Clarita short sale sellers. They work out, albeit it’s a bit harder of a process, they get approved and those Strategic Short Sale Sellers feel the relief of getting the call, “We are finished – your short sale has closed – you are released…”
With agents that have built into their business, the “short sale methods – Whether Strategic oriented or Trauma Oriented”, they are going to be your best advisors.
In addition, a Short Sale agent cannot promise you anything!!! They don’t know until they get into the process with your hardship/strategic short sale and start the line of communication to your bank.
If they are giving you tax advice, legal advice, and advice as to whether or not you should make your next payment – Be very weary…
The BEST Short Sale agents in the Santa Clarita Valley do not give any advice pertaining to those items mentioned above.
The BEST Santa Clarita short sale agents have hired a Licensed Negotiator that is a part of their team, working in their office and directly on their payroll to handle the “hours and hours” of telephone calls to find the “Short Sale Departments Negotiator(manager)” on the banks side. Once that happens, the Short Sale Expert you have hired can get it done! click here to see more about what the Paris911 team says about Short Sales