Santa Maria Real Estate Update: Can Investors Purchase Short Sales?

Santa Maria Real Estate:  Can investors purchase short sales?

Yes, investors can purchase short sales. There are pitfalls though, such as if the property has a notice of default filed on it.  In that case, specific disclaimers MUST be provided to the seller.  California law seeks to protect sellers from unscrupulous equity strippers, and as ironic as it may sound, those disclaimers still apply when the property is a short sale.  So, even though there is no equity, investors much make sure sellers are aware of their rights.  This is another reason why it is important that investors work with an experienced REALTOR® when purchasing a short sale home.  The penalty for violating this provision of California law is surprisingly stiff and includes jail time; and any investor seeking to buy Santa Maria or Orcutt short sale homes should be aware and provide the necessary disclaimers in their offer.

If you are interested in purchasing Santa Maria or Orcutt short sale real estate, please contact me at (805) 878-9879.

Tni LeBlanc, Mint Properties
www.MintProperties.net

* Those interested in buying short sale properties are always advised to consult with legal counsel in each individual situation.

Santa Maria Real Estate Blog

In July 2006, Mint Properties opened an office in the Mission Creek Plaza on Santa Maria Way. Tni’s stated aim is to offer the highest quality representation and professional service to her clients. Independence affords her the ability to avoid a volume driven approach; the result is prompt, reliable, individualized service coupled with straightforward advice. Indeed, she brings the same level of professionalism to real estate as she did to the law.

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I’m Seriously Ill — Will that Qualify me for a Short Sale?

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How Does the Bank Determine the Value of My Home in a Short Sale?

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#1 Agent in Number of Residential Sales Transactions (2016)
in Santa Maria (per CCRMLS)

$125 Million in Career Sales

REALTOR® of the Year (2014)
(voted by Santa Maria Association of REALTORS®)



Tni LeBlanc, REALTOR®, J.D.
Mint Properties
(805) 878-9879 (mobile/text)
Contact Us Online

Lic #01871795





Certified Military Housing Specialist

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