What is a strategic Short Sale and how is it handled differently

    A Regular Garden Variety Short Sale is one involving hardship.  The Strategic Short Sale is without hardship.

    It’s kind of like a Guilty plea versus a No Contest plea.  One is with guilt, the other one is without guilt, but with admitting.

    Today in our current economically down real estate market, it is hard not to find some point of hardship.  However, we have a lot of buyers that are happier having us conduct a Strategic Short Sale for them.

    Both are handled the same way with one exception.  The “hardship letter”.

    We always request that our clients fill out the Short Sale hardship letter being true to themselves and only relaying factual verifiable information to the bank.

    We know not if the bank is going to dispatch an investigator during the process.  It might be years later, after the dust settles, that the banks might want to do a bit of investigation. It might never be the case that any future entity will look at the short sales that had been conducted.

    Better safe than sorry.  Provide only factual information to the agent you are choosing to represent you.

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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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