We have done a great job adjusting with the times and with each Real Estate Market that has presented itself within our Santa Clarita Real Estate Community.  We also continue to shine above the rest in this Valley and The surrounding communities.

There are a lot of Santa Clarita Homes that are in various stages of foreclosure.  There are also a lot of them who have owners living inside and not sure of what to do.  Do I keep paying my mortgage, or a portion of it?  Do I just leave?  Do I try to stay as long as I can until the Sheriff’s Department evicts me? 

Many different emotions flow throughout the Person or Family that is considering a Short Sale.  Their emotions run the gammet from sad to angry, from Depressed to Overjoyed.  The Range of Real Estate Emotion can be quite stressful.

The best thing you can do it find the right advisor - Paris and I would like to be your Santa Clarita Valley and Surrounding Communities Short Sale Advisors.

We do a majority of the negotiation ourselves - but also have retained a law firm to finish various parts of the Short Sale to keep our Clients as safe as possible.

What are the Rumors amongst the Short Sale community in Santa Clarita Valley?  First – that other’s are charging for their Short Sale Services.  I’ll clear up a misconception and maybe even misinformation that is being passed along in the Santa Clarita Short Sale Real estate Community.

The Bank (the ultimate approver) that has the loans on the home that is being short sold – is the ultimate Trier of fact.  They are the ones that will determine how much to pay the Real Estate Agents that have done the negotiation and the Real Estate Agent that brings the Buyer to your Short Sale Real Estate.

If the Short Sale cannot be approved, you need not pay anything for the services rendered to that point.  The negotiation, advertising and paperwork – it is the cost of doing business and we would just wish you well and would ask that you would drop our names, The Paris911 Team, if you know of anyone that would like to buy and or sell real estate at anytime in your spheres of influence.

But, I have heard of 1,000 dollars up front fee for Starting the Short Sale Negotiation and for the Realtor’s time.  I have also heard of some of you getting dragged through the MUD with a Loan Modification then onto more money to start the short sale process when that does not work out.

Get good Short Sale Information and make sure it is all factual.  Get stuff in writing and also do your homework.  If someone approaches our team wanting for us to do the Short Sale negotiation –we don’t take the listing the same day – we want our clients to do homework.  So we give assignments and expect to hear back within a week or so after you have done the Recon we have asked. 

This Recon is a necessary step so you know what you are getting into and all of the possible negative implications that you might face as a result of your short sale.

If you are wondering if you are alone in the Short Sale Process – Please go to our Short Sale committed site that will show you that you are not alone.  In fact, we are approaching the figure of 85% of the entire Real Estate Market for Sale in Short Sale in configuration.

A program is in the works to promote incentives for short sales

This would assist out sellers of Short Sales on a huge level amongst the properties that we negotiate within the Santa Clarita Valley and the Surrounding Communities.

We have developed some wonderful applications to assist with our Sellers and their Short Sales - we have even built stand alone sights aimed at the education of the Sellers of Short Sales. 

Incentives are in the works for promoting short sales in order to avoid more foreclosures than are seen as necessary.  The plan is meant to prod lenders into allowing more short sales.  Currently short sales are frequently avoided by lenders because the offers that come in are seen as too far below the last appraised value of the property, even though the foreclosed upon sales price in the end may be even lower.

The incentives that are being mulled over are expected to pass soon.  The plan is to give the lender $1,000 for allowing a short sale to occur and the buyer a $1,500 credit at closing.  The plan is expected to be passed by the treasury as a way to keep properties selling.

Short sales are seen as a way to help the home owner avoid a harsher hit to his credit as well as to get the house off of a lenders books before it even gets there officially.  The new incentives are seen as a way to avoid the foreclosure rate increasing more than expected.

For more information about the short sale incentive click here to read an article from Realty Times.

If you are thinking about whether or not you should short sale your home - you need good Short Sale advice from  reputable sources.  Feel free to contact the Paris911 Team at RE/MAX of Santa Clarita and we will be your conduit.

Not everything works out in Short Sale configuration - otherwise what you might have been sold - whoops - I mean Told.

Some tooting their horn do it a bit too loudly - we have had banks that have said, “the hardship is not something that we can approve at this time.” - What next? - Foreclosure.

Speaking with a different loss mitigator can make all the difference in the world.

Your agent’s approach will also make a huge difference.  Sometimes, most times, you cannot come head on with someone that is going to be responsible in the approval of a $300,000 loss.

Make sure you sound human when you are working on the Letter of Hardship.

Don’t hesitate to place blame and to write from a emotional person’s point of view.

In fact - the more “heartfelt” and “personal” your Hardship letter is, the Better.

Make sure you get a handle on your situation and get some advice before you move forward with a Short Sale.  It is not the “saving grace” that some propose it to be.  You need a resource that can help align all of your “ducks” so you know what to expect when the dust settles.

There is a huge amount of misinformation populating the Internet in regard to Short Sales in Santa Clarita and in the surrounding communities. We are above that and about unveiling the truth. And with the truth, you will be set free.
We have been developing sites populating with the ever popular pre-foreclosures otherwise known as "short sales". This site is offered by the Remax of Santa Clarita Paris911 Team. It is all inclusive and has our blog and you tube feeds on the home page.

When I called about this iHouse solution site today the sales representative looked up our presence on the Internet. He said I had such a great web profile that I did not need their resource. He sold me from his honesty. I wanted to develop a stand alone solution where I could feature my Sworn Short Sale blog on an independent website. iHouse was a great fit for the Paris911 team and for our current and future Short Sale Clients.
Scripture teaches us that there is nothing new under the sun. Although scripture does not say anything about short sales directly. We want it known what those contemplating a short sale are up against and we can help filter out some of the unnecessary noise.
Santa Clarita Short Sales
iHouse websites
You tube

[Posted with iBlogger from my iPhone]

One of the mistakes or bits of misinformation floating around the Internet, out of the mouths of the "in the know", is that you just need the hardship letter to negotiate a short sale.
That is incorrect. If you are a bank about to get hit with a short sale to negotiate giving you 300k less than what is owed, you are going to want to see a buyer for this asset.
That is the difference between someone just listing your property on the mls and the Paris911 Team that saturates the Internet and publication print to get a qualified, bank approved buyer, to write an offer the bank will accept on your short sale.
See where we are on the net. Google us and you be the judge.
Short Sale Negotiation Santa Clarita
Surrounding Communities Short Sale Negotiation

[Posted with iBlogger from my iPhone]

Where are you with your short sale and the negotiation process.  If you have attempted to do a Loan Modification, you know it is very frustrating.  But what we tell our clients is keep pusing forward until they say and write “NO”, you get a copy of that correspondence and denial.

When you are going or thinking to move forward with your short sale, whether in the Santa Clarita Valley or a short sale in one of the Surrounding Communities - be careful and make sure you get everything in writing after the initial interview.

Also, you need to make sure who is working for whom.  We have  a legal team that does part of the negotiation process.  That is just another level of protection that we offer.  We pay for that service out of our end of the commission that the bank pays us.

A great First step to see if you should consider a Short Sale is to see if you can Refinance your property.  If you have the 80/20 or some of the more creative loan programs, the 80/10/5/5 -etc.  You might be able to refinance depending on when you purchased and how your equity is currently.

The times of the banks lending at more than 100% is far gone in this current real estate market.  But you can make yourself more aware and being armed with knowledge - you then have the power.

Refinancing, a simple word and a sometimes complicated process.  If you are considering refinancing there are a few things to know beforehand so that you know what is expected of you and what you can expect from the process.  Refinancing to lower your monthly payments can be a great idea but it is imperative that you know exactly what you are signing up for before you sign your name on your new papers.

Variable or fixed.  Make sure you know if you are getting a fixed or a variable rate mortgage.  With a fixed mortgage your payments will remain the same for the length of your mortgage (with the exception of a rise or dip in property taxes).  A variable rate mortgage typically starts with low monthly payments that adjust over a period of time.  With a variable rate mortgage the payments can go up dramatically after a period of time.

Is it a good idea to refinance? Sources say that refinancing makes sense if you can reduce your current mortgage by 2 points or more.  Analyze whether the cost of refinancing is worth it by figuring out how long it will take you to cover the refinancing cost and whether you plan on being in your home that long.  If your new mortgage will save you $200 a month in mortgage payments but it cost you $2,000 to complete your refi then it will be 10 months before you recoup the cost.

Length of your mortgage.  Shorter loans have lower interest rates but higher monthly payments.  Mortgages are usually 15 years or 30 years in length.  Make sure that your new loan doesn’t have penalties associated with an early pay-off if your plan is to pay your home loan off early.

Refinancing can be a wise financial decision and with mortgage rates at a 30 year low refinancing is at an all-time high.  Weigh all of the details and make sure that your new mortgage is exactly what you are looking for before signing on the dotted line.

Click here for more information about refinancing from Yahoo Real Estate.

We have several Resources to offer you when you are considering the Short Sale as an option:  go to http://SCVshortsale.com or if you are outside of the Santa Clarita Valley area go to http://ShortSelling911.com - we have a lot of resources that are your for the mere asking.

We have an attorney’s office on Retainer for each Short Sale we represent our Clients interests upon.  This fee for the attorney comes from our End of the Commission.  We don’t hit up the other agents to pay this fee.

No part of our fee comes from our clients.  Both Realtor’s fee’s comes from the Bank that is approving the Short Sale.

We have the Retainer Paperwork at our offices and are glad to have you view it at the same time you are considering The Short Sale being an option for you and your Real Estate Holdings.

Check out http://shortselling911.com to see where we are with regard to Short Sales.

We are The Paris911 Team at RE/MAX of Santa Clarita and would like to assist you with what you need regarding Short Sales and Short Selling your Real Estate – We are head quartered in the Santa Clarita Valley and represent clients in all adjoining communities with their Short Sales.

Something that might not be so nevou - but something that is quite rare in the Santa Clarita Real Estate Short Sale world - Having an Group of Attorney’s handling the short sale negotiation for our Team and thereby our Clients.

What do we charge you for this service?  Nothing.  (nothing hidden - we negotiate this with the bank, if they pay great - if not - so be it)

When you are thinking of a short sale - you might want to saddle yourself to a Team that has Legal Representation and Negotiation on Staff.  RE/MAX of Santa Clarita’s Paris911 Team has this very thing. 

Give us a call to assist you with your Santa Clarita Short Sale - and within the Surrounding communities - so we can assist you.  The interview is free, our fee’s are paid by the Bank, and you personal confidentiality is of utmost importance to us and our Team.

There is No Shame just the facts to you and yours about Handling Short Sales.

CDPE - Certified Distressed Property Expert, we have forgone this certification - We have an Attorney on Staff doing the Negotiation for you and your Short Sale!

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