Joshua Suess and his team of experts just closed a Short Sale with a first lienholder of OCWEN bank. The home was in the 91384 zip code of Castaic Calfornia and the Seller received an approval letter with no deficiency language.
Many California mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in California and Santa Clarita. With the prices of Santa Clarita homes decreasing, and the interest rates on previous sub-prime loans increasing, many Santa Clarita home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as Suess Real Estate Experts, Short Sale Agents to sell their home and negotiate the sale with the bank.
The Suess Home Selling Team offers a tool called the Short Sale Or Stay Calculator. This tool can be used to help a Homeowner in California receive an instant estimate on what their home is worth in California. They can enter their mortgage payoff and use this math to decide whether to consider a Santa Clarita Short Sale or Stay. This tool can be found at http://www.ShortSaleOnAHome.com
Suess Real Estate Experts is an award winning team specializing in Distressed properties - specifically Santa Clarita Short Sales as well as residential real estate in Santa Clarita,Stevenson Ranch,Saugus,Castaic,Newhall,and Canyon Country.
Reach Santa Clarita REALTOR® Joshua Suess with The Suess Home Selling Team today at 661.251.8900 or visit http://ShortSaleOnAHome.com