Sara Mehrpouyan Los Angeles Short Sale Agent

Get Woodland Hills Ca Real Estate Information From Local Realtor

There is no better place to get Woodland Hills Ca Real Estate information than from a Local Realtor and Woodland Hills homeowner! Woodland Hills is one of the best cities in the San Fernando Valley - Los Angeles. We have homes for sale that are South of Ventura Blvd and real estate in nice neighborhoods, North of Ventura Blvd. Great schools too! Whether you are looking for condos, smaller homes, or larger estates -- we have it all. Feel free to contact me directly at 818-903-2040 if you are looking to buy or sell Woodland Hills Ca Real Estate.

Woodland Hills Ca Bank Owned REO Foreclosure Real Estate

Woodland Hills Ca Short Sale Homes For Sale

Woodland Hills Ca Single Family Homes for Sale Under $500,000

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Looking for Woodland Hills Ca Real Estate ? Market Update

As of today, there are almost five hundred properties for sale in Woodland Hills, Ca. Of the hundreds of homes that make up Woodland Hills Ca Real Estate, over sixty homes for sale are bank owned or foreclosures. Almost 200 properties in Woodland Hills are Short Sales. Prices for active listings range from $119,000 - $3,745,000. The average list price is $550,888.

In the last six months there were almost three hundred seventy-five homes sold in Woodland Hills. About eighty of the properties were bank owned or foreclosures. Approximately eighty-five of the sales were Short Sales. So, about forty-five percent of the sales in Woodland Hills Real Estate were either Foreclosures or Short Sales in a six month period. Sale values during this time ranged from $92,000 to $1,950,000 and the average sale price was $523,733.

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Why Does The Short Sale Process Take So Long ? ~ Woodland Hills West Hills Ca

Often times, buyers and sellers will ask how long or how much time does it take for a short sale? No one can give you an exact timeframe. Lenders work differently. There are Wachovia Short Sales which can take less than a week for lender's approval. They have a special Fast Track short sale program.

First, the homeowner usually lists their home for sale as a short sale. Some lenders will take a short sale package from the seller's agent before an offer has been accepted by the owner. This package includes information from the seller (financial statement, bank statements, tax returns, hardship letter etc etc). The seller's agent will submit an estimate of the closing costs associated with the sale so that the lender can approve or disapprove the various fees. The bank will also order a Broker Price Opinion or an Appraisal. The Broker Price Opinion (BPO) is a report for an estimate of fair market value of the property that is completed by a local real estate broker/agent. It will take time to order the valuation and time until it has been submitted and reviewed. If the lender thinks that the buyer's offer is too low, they will come back with a counter offer.

If there is more than one loan on the property, then the second loan will also have to approve the short sale. Most of the time, the second lien holder will need to wait on the first lien holder to see how much of the proceeds from the sale they will allow to go to the 2nd. Some 1st loans will only approve for a small amount to the 2nd. If the second mortgage company wants more money, they may ask for a contribution from the seller and/or a buyer contribution (this means additional cash brought into escrow)

The short sale process can take a little while. However, the listing agent or person negotiating with the lender (s) on behalf of the seller should be "on top" of the banks. Every short sale may be different in some way from another. There are different negotiators working on the files. It feels like a great achievement when the short sale approval letter has finally been received. Then, it should be a "typical" escrow. If the buyer is financing, it is taking an average of 45 days for closing.

Feel free to ask any questions that you may have regarding Short Sales. It is recommended that you consult with an accountant and attorney for tax and legal advice.

My websites http://www.short-sale-vs-foreclosure-help.com and www.DistressedHomeOptions.com have more information available.

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Afraid of Lender Pursuing Deficiency Judgment After Short Sale ? California Is Close to SB 931 Going Into Effect

January 1, 2011 brings a New Year but it is also the date in which SB 931 goes into effect. This will be very important for sellers that will attempt a Short Sale in Los Angeles, Ca. Governor Schwarzenegger signed the bill into law. The new law may be found in California's Code of Civil Procedure section 580e. The lender will not be allowed to pursue a deficiency from the borrower after a Short Sale. This will apply to first loans or mortgages and not second or junior loans. I have completed a Short Sale in Los Angeles and been able to have the lender waive any deficiency because the loan or loans were purchase money. Purchase money loan is the same loan that was obtained when the property was purchased. (mortgage was not refinanced) With this new law, the lender should hopefully NOT be allowed to pursue deficiency for most first mortgages. Home values in the Los Angeles area have declined and unemployment is still high. Los Angeles Short Sales can be found in every neighborhood. Make sure that you find a qualified Short Sale Realtor to assist you if your situations calls for a Short Sale.

FIND West Hills Ca Short Sale Foreclosure Homes Real Estate For Sale

Buyers ask-- is now a good time to buy a home? My answer is YES.

There are over one hundred short sales listed for sale in West Hills, California.

Here are just some short sale properties currently for sale in West Hills:

$300,000 and under Short Sales

7137 Shoup Ave 3, West Hills, Ca 91307 $249,999 2 bed+ 3 bath townhome

24425 VANOWEN St 82 West Hills, Ca 91307 $274,000 2 bed + 3 bath townhome

6902 Fallbrook Ave West Hills, Ca 91307 $280,000 3 bed + 2 bath single family home

7633 Shoup Ave West Hills, Ca 91304 $299,000 4 bed + 2 bath single family home

7625 Minstrel Ave West Hills, Ca 91304 $300,000 3 bed + 2 bath single family home

$600,000 and below Short Sales

7432 SAUSALITO Ave West Hills, Ca 91307 $315,000 4 bed + 2 bath single family home

8304 Amond Ln West Hills, Ca 91304 $399,000 4 bed + 2 bath single family home

7113 DARNOCH Way West Hills, Ca 91307 $449,900 4 bed + 2 bath single family home

7553 Pomelo Dr West Hills, Ca 91304 $529,900 4 bed + 2 bath single family home

7033 Shade Tree Ln West Hills, Ca 91307 $589,000 4 bed + 3 bath single family home

$1,000,000 and below Short Sales

8445 DENISE Ln West Hills, Ca 91304 $619,900 4 bed + 3 bath single family home

7862 Valley Flores Dr West Hills, Ca 91304 $765,000 3 bed + 2 bath single family home

24648 Stonegate Dr West Hills, Ca 91304 $849,000 5 bed + 4 bath single family home

7330 Hillsview Ct West Hills, Ca 91307 $949,000 5 bed + 5 bath single family home

7211 Whitehall Ln West Hills, Ca 91307 $1,000,000 5 bed + 5 bath single family home

Feel free to contact me if you are looking to purchase real estate in West Hills, California. There are many more listings available for sale.

*Note: Property listing information is provided by SoCalMLS and various agents.