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.

A short sale listing can also be very advantageous for a buyer.  Since many buyers and real estate agents are not familiar with the short sale process, they tend to shy away from them.  This may present an excellent opportunity to buy a short sale at a substantially discounted price since there is far less buyer competition.  As a "Certified Distressed Property Expert", I am uniquely qualified to navigate not only sellers but also buyers through this process.

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

Below is a list of short sales listed for sale in the city of Chatsworth California with the following zip codes:

91311

If you would like to expand your search to other parts of the San Fernando Valley or throughout Southern California, try my advanced search.  You will also be able to save your search as well as have new listings emailed to you as they become available.

If you are interested in discussing this tremendous opportunity further, please feel free to call me anytime at (818) 605-2447 for email me at Roger@RogerHornRealty.com