They don’t call it Lame Duck for nothin’ – What about the debt forgiveness act?

    The other news comes in the way of the debt forgiveness act, first implemented in 2008 under then President Bush.  We had been hoping, as are our Short Sale sellers, that there would be an extension to the debt forgiveness act.  It is paramount in helping distressed homeowners that are short selling their homes with “tax relief”.  While they would typically have to pay taxes on the difference between the amount they owed and the amount the home short sold for, the Deft Relief act help make that a non 10-99 issue.

    Lame Duck – it’s not just a clever name 🙂

    Searching for Santa Clarita real estate listingsThis past week, around thanksgiving, Congress was in it’s Lame Duck session.  They were supposed to get to the renewing of that bill, but apparently it was small potatoes when compared with the rest of the Fiscal Cliff facing ourselves, our Government and our President.

    If the Debt Forgiveness act were to be approved next year – it would most likely be retroactive.  So we have to continue to press forward with short sales, even though it is unknown whether it will be re-affirmed and extended.

    Why not forget the whole thing?

    The reason is that short sales take time, if you did not move forward with the short sale because you thought the Deft Forgiveness was not going to be made retroactive, and it was re-approved, you’d lose out.

    It might end up being too late for you to have anyone short sale your home.  Your bank may close it’s doors to you wanting to short sale your Santa Clarita home.  It’s happened in the past – this is nothing new.

    Speak with a local Short Sale Expert in the Santa Clarita Valley cities.  How do you find one?  Get on line and start typing in keywords into Google such as the following:

    • Short Sale experts in Santa Clarita
    • Santa Clarita short sale consultants
    • Santa Clarita short sale agents

    That should help you build your list.  Look at the results and do some light reading.  Then reach out to those agents by telephone and set up appointments in their offices.  Go in with written down questions.  The internet will give you some doosies to ask during the time while you are interviewing at least 3 “self proclaimed” short sale expert agents.  Later, you can decide who to choose.

    How to choose a Short Sale Realtor?

    After you interview a few so called “short sale experts”, you will find one that is a “shiny beacon in an ever-present darkness…”  It won’t be because they are the most attractive, it won’t be because they have all the answers, it will be because they are upfront and honest.  They are not about pressure and don’t talk about themselves and their team as if they are the only one that should be doing short sales in the Santa Clarita Valley.  That is the Santa Clarita short sale team you should hire.
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    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.

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