How do Santa Clarita Short Sales work? What is Mike Bjorkman’s Short Sale Program?
I kind of pioneered the short sales and went through all of that with the banks back then. This go around is much different and it takes quite a bit of experience. I wanted to point out a few things about our particular short sale program. I did it back in the day and it works really well today. We closed out three to five short sales a month and we have a lot of experience. So let me get started with this.
First thing that I want to do is I want to let you know we are going to put no for sale sign in your yard, unless you want it. A lot of people if they are a little embarrassed they don’t want the sign in their yard. They don’t want their looky-lou neighbors to come over and say hey why are you short selling, why is the … you know forget that, we have good qualified buyers that work through top agents in the community and us and they work with no signs. They work off our network groups the MLS and many other ways. So you don’t need a sign, nobody in your neighborhood needs to know what’s going on.
Second thing I want to point is we really fight for you to not have seller contributions what I mean by that is once I’ve successfully negotiated the short sale with your bank. Then they come back and say hey we will go ahead and do this of the seller brings in X amount of dollars. Now typically if you’re doing the short sale you don’t have X amount of dollars and this particularly applies to some of the luxury properties that we do that don’t qualify for the half a program, which I’ll get into in a second.
Another great benefit about working with myself and my staff is that I am also the owner broker of SCV leasing we’re one of the top producing property management companies in Santa Clarita. What that means to you is I can quite often give you first shot at a great rental property and help you get into that. Of course, some credit restrictions apply and you can call my cell phone and we can go over that.
Next seller relocation. This is the biggest thing I’ve ever seen in real estate it makes sense to me but at the same time, nobody believes it. I work with Bank of America, Chase, Citi, US Bank some of the biggest banks in the country, which you probably have or are paying huge amounts for relocation. For example, I’m a Chase priority partner with Chase. They actually just gave one of our clients 35,000 to move with a short sale. Then the other one was 30,000. I’ve seen some pretty high numbers out there and people say how do you do that well we know which banks will do it which ones don’t and we know how to negotiate with the negotiators in your behalf, so when it comes time to picking your agent think about that. I can get you up to $35,000. Amazing but true.
Next what I want to talk about is, oh its government incentives. Government incentives, especially with the half a program are pretty good, $3000 for half a $2000 different banks for cooperation with the short sales. The numbers get pretty high so they will pay for your move your first and your security at your next place whatever you want to use the money for it’s not a bad thing to get out of your house free and clear escape with cash in your pocket. That makes a lot of sense.
Talk a little bit more about experience, again since the earthquake in the early 90s. I’ve been doing short sales. It really makes a difference whether it’s going to take six to nine months. Whether your house is good foreclose and you’re not going to get those incentives, I actually have a full-time negotiator on my staff that’s very experienced does all of our short sales along the side with me and we get these things hammered through which some of the agents out there. Maybe they’ve done one or two with a couple of different banks. But be careful out there you guys I would always want you to consult with me before run around rampant out there.
The last thing I want to talk about is my favorite website. I talked about it and a lot of my videos makinghomeaffordable.gov, that’s makinghomeaffordable.gov. What they do is allow you to have a HUD counselor counsel you through this program, there is a couple of different reasons why number one. They help you choose an agent say this is the kind of agent you’re looking for.
Number two, they help you avoid scams there’s a lot of people out there that was say I’ll do this for X amount of dollars. Now scams is one of the biggest things out there right now. We really want to protect you again so we can save your credit, get your seller relocation, your government incentives, all that sort of stuff. It just makes for a really nice smooth short sale. SI want you to take this video as an invitation to meet with me, a free no obligation consultation.
Come with me sit down in my office or your home and we will go over all the pros and cons and then I’ll help you get in touch with a good CPA to talk about the tax consequences, are you going to get a 1099 or not. Are you insolvent or not, was your second or third purchase money was it a HELOC all those things come into play when it comes time to sit down and talk to your accountant, so remember experience counts. My cell phone is 212-8075, that 661-212-8075. I know a short sale sounds scary but it’s really not when you’ve done it as much as I have. Have a great day. I look forward to talking to you. Bye-bye.