SHORT SALE AND FORECLOSURES
Sean Seckar- Santa Clarita's Top Short Sale and Pre-Foreclosure Specialist
Welcome to the official Short Sale and Foreclosure website of Santa Clarita Valley REALTOR® Sean Seckar, your source for all Santa Clarita Real Estate and surrounding areas. Sean is a California Licensed Real Estate agent with a degree in Interior Design and Architecture. As such, Sean’s depth of experience and education makes him the right choice for both the seasoned real estate investor, and the first time home buyer. Sean is also CDPE and HAFA certified so he has extensive knowledge of Short Sales and Foreclosures.
WHAT IS A SHORT SALE?
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
But to be technical, here’s a more official definition:
A homeowner is ‘short’ when the amount owed on his/her property is higher than current market value. A short sale occurs when a negotiation is entered into with the homeowner’s mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then ‘sold short’ of the total value of the mortgage.
For homeowners to qualify for a short sale, they must fall into all of the following circumstances:
Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall – In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
This seems simple enough, but it is a complicated process that takes the expertise of an experienced CDPE professional.
If you are behind on your payments and the bank is threatening or has already filed an NOD (Notice of Default), please reach out so I can fill you in on your options as they are not always as grim as you may be thinking.
Let's talk about your situation
Everyones situation is different so let's talk about yours and come up with a solution so can finally stop worrying and take action to alleviate the stress it is causing.
Let's see what your home is worth
Home values area always changing so yours may be worth more than you think. It is best to get a clear picture of the values so we know what you are working with.
GET TO KNOW ME
Sean Seckar - Keller Williams Realty
Whether you’re looking to invest in a new property, dealing with a short sale or you’re trying to sell your current property, Sean is ready to work with you. Sean has been working hard since 2002 as a full time realtor, assisting clients through every step of the real estate process - from negotiation final prices to handling legal issues and paperwork. If you want to work with the best Real Estate Agent, look no further.