Short Sales in Arroyo Grande, Avila Beach, Buellton, Grover Beach, Lompoc, Los Alamos, Nipomo, Oceano, Pismo Beach, San Luis Obispo, Santa Maria-Orcutt, Santa Ynez, Solvang
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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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Santa Maria Real Estate Update: 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.
Coast Hills Short Sale Approved in Two Days!
Coast Hills Short Sale Approved in Two Days!
I have another short sale success story to report. Just last month, I closed a Coast Hills short sale that was approved within two days of submitting an offer to the bank’s representative. Coast Hills is a local credit union and working with a local entity is very different from working with a national bank. An appraisal had already been completed and the sellers financials were already on file -- so they did not require these documents to be resubmitted. In total, this short sale was closed within 65 days of it being placed on the market.
So, beginning to end, this was a two month process for the seller and very much mirrored the timeline of a traditional sale. I think the buyer was shocked given what everyone says about short sales. But, not every short sale is a long drawn out experience. Smaller banks have the ability to be quicker in their response time. The reality is that a short sale does not take months and months to process, and if you can get your file to a decision maker quickly, you will usually get a quick decision.
If you are considering a short sale of your Santa Maria, Orcutt, Nipomo, or Arroyo Grande home, you should seek out an experienced Central Coast short sale agent to guide you through this process. If you would like a short sale consultation, please call my office to schedule a meeting or a telephone consultation at (805) 938-9950.
Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent and Certified Distressed Property Expert (CDPE) serving the Santa Maria, Orcutt and Five Cities area of the Central Coast of California.
*Nothing in this article is intended to solicit listings currently under contract with another broker. This article offers no legal or tax advice. Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement. Mint Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
Copyright© 2011 Tni LeBlanc *Coast Hills Short Sale Approved in Two Days!*
