A short sale is a real estate transaction where a homeowner is facing hardship and gets permission from a bank to sell their property for less than they owe on the mortgage. If your house in Santa Clarita, CA is worth less than what you owe on the home loan, a short sale maybe your best alternative to foreclosure.
Short sale requires a unique set of skills for a real estate agent and the short sale approval can very much depend on how your agent negotiates with the lender and buyer. Our short sale team has a high success rate on approvals from the banks and closed short sales in Santa Clarita 91321, 91322, 91350, 91351, 91354, 91355, 91382, 91385, 91386, 91387, Los Angeles, Beverly Hills, Santa Monica, Long Beach, Anaheim, Santa Ana, Irvine, Newport Beach, Huntington Beach, Garden Grove, Pomona, Torrance, Redondo Beach, Pasadena, Seal Beach, Fullerton, Thousand Oaks, Simi Valley, Burbank, Glendale, West Covina, Inglewood, Yorba Linda, and Laguna Niguel, California.
Bank approves short sales when they believe a hardship situation exists, however, hardship is not only determined by how much money a person earns but also it factors in a person's expenses, especially if expenses have increased and income has decreased.
Let our experienced Santa Clarita short sale real estate agents help you avoid foreclosure in Santa Clarita, CA. We will negotiate directly with your banks to get short sale approvals for you. Our goal is to reach out and educate homeowners who are behind on their mortgage or think they soon will be. We have solutions that may save your credit and enable you to start fresh.
Santa Clarita short sales are complicated but, can help sellers who owe more than home is worth. A short sale occurs when a property is sold for less than the total debt owed on the property. Santa Clarita short sale must be approved by the lenders and borrowers requesting a short sale must prove a hardship such as a mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation.
Our professional short sale service is totally free for our clients. Contact us for a free confidential consultation today!
The easy availability of loans and a number of linked methods like the payment of equivalent monthly installments has made purchasing a house an easy task. With the fast development of real estate business in Santa Clarita, you can swiftly prepare an excellent house on your own currently. Nonetheless, oftentimes, such investments can become risky. Mortgages on a house as well can verify to be the hugest risk feasible. You usually can not pertain to terms with the location. At the same time, there are numerous possibilities that the value of your house can decrease rather than value. Consequently, the value of money that you have actually invested in the house is far more than its present worth. This ultimately comes to be a greater problem, if you bought your house on a home loan. To this rescue, comes a passionate option called Short Sale.
By doing a short sale, we merely mean that you can sell your undervalued house to another home buyer with the authorization of your bank. If the money owed to the bank takes place to be greater than the amount you will really get, in case you sell your home, then the best decision would be to do so. If the bank consents to a short sale, you can sell your house to a home buyer at its decreased value as well as obtain the balance written off by the bank. Typically, the financial institution writes off your equilibrium from its account. The sum not paid by you shall be shown as revenue in your accounts by the financial institution.
Short sale Santa Clarita only happens when there is an outright warranty that the money worth of the house can not increase in the future. To avoid the risk of a full loss, the financial institution commonly accepts the lowered amount of short sale.
Risks likewise exist if you are the one who purchases short sale homes in Santa Clarita, CA. There are many common mistakes that people make when they buy a house on their own in short sale. If you are buying such a home, after that you must very carefully inspect the condition of the property. Real estate investment will only pay if the house remains in good condition. One more usual mistake is that of overlooking house problems. You must ensure that there are no forgeries or legal problems with the property that you are buying otherwise it might result in bigger problems in the future.