short sale rocklin: Guild Mortgage Short Sale - Approved Short Sale in Lincoln - 01/14/13 02:52 AM
Guild Mortgage Short Sale - Approved Short Sale in Lincoln 
I love starting off the morning with a short sale approval!  I just got an approval letter from Guild Mortgage on this Lincoln short sale.  Guild is a reasonable lender when it comes to short sales getting approved.  They assigned a competent negotiator pretty early on in the short sale process.  Paired with my short sale system, we were able to get the approval in about 6 weeks from the time I submitted the buyers offer...not bad!
This short sale approval is especially sweet for the sellers.  Last year they … (0 comments)

short sale rocklin: This Rocklin Condo is a Short Sale - 12/10/12 10:38 PM
This Rocklin Condo is a Short Sale 
Here is my latest Rocklin short sale, a 3 bedroom condo in Pacific Sunset, 412 Beachcomber Drive.  Condos are the least expensive way to break into Rocklin real estate.  This condo in average condition is listed for $145,000, a great deal.  Buyers will have immediate access to the best that Rocklin has to offer; schools, parks, freeway access, shopping, and a great family environment. 
If you are thinking about short selling your Rocklin condo, it's important to continue to pay the HOA and utilities.  Most likely no bank will approve bank HOA and … (0 comments)

short sale rocklin: Rocklin Short Sales Offer a Way Out - Short Sale Agent Allan Sanchez - 11/02/12 02:37 AM
Rocklin Short Sales Offer a Way Out - Short Sale Agent Allan Sanchez 
The Rocklin short sale process is improving by the day, becoming more streamlined, and easier to accomplish for short sale agents with experience.  Rocklin short sales offer a way out to homeowners who have a hardship, need to move, or bought at the peak of the market.  Short sales are a way to a clean slate and a faster recovery than foreclosure or waiting out the market to gain lost equity.  Some banks even offer short sale incentives (thousands of dollars to help you move.)
Many short … (0 comments)

short sale rocklin: How Do I Short Sale My Home - Rocklin Short Sale - 08/30/12 02:43 AM
How Do I Short Sale My Home - Rocklin Short Sale
How exactly do I short sale my Rocklin home?  It's a question I hear regularly.  You know that a short sale can relieve you of a home that is underwater but getting started on a Rocklin short sale is another story!  Here's how to initiate a short sale for your Rocklin home:
Go ahead and give your bank a call.  Don't go into too much detail but tell them you have a hardship and need to short sale your home.  Some banks, like Bank of America, will give you … (0 comments)

short sale rocklin: The Bank Won't Foreclose on my Rocklin Home! - 08/08/12 02:06 AM
The Bank Won't Foreclose on my Rocklin Home! 
If you're hoping for a fresh start after a foreclosure, you're looking in the wrong direction!  You won't begin to rebuild your credit until the deed of your home is actually transferred to a new buyer.  In a foreclosure, the bank is in total control.  They sometimes wait years to take your home through foreclosure and then years to resell it to a new buyer.  It's once that new buyer records on the deed that the clock starts and you can start to improve your credit. 
There is a way around this.  In … (1 comments)

short sale rocklin: Short Sale Rocklin - The Latest Rocklin Short Sale Info - 06/21/12 03:55 AM
Short Sale Rocklin - The Latest Rocklin Short Sale Info

The summer real estate market is in full swing and Rocklin short sales continue to be a large factor.  Last month, a third of all homes sold in Rocklin were short sales.  Short sales in Rocklin are also proving to be a better deal than traditional sales, selling an average of $40k below regular sales.   
It takes an average of 4 months to get a Rocklin short sale approved by the lender.  I believe the industry can improve this number.  Many of my short sales are approved in less … (1 comments)

short sale rocklin: Rocklin Real Estate Agent - Allan Sanchez - 03/07/12 03:46 AM
Rocklin Real Estate Agent - Allan Sanchez

As a long time resident of Placer County and real estate agent for the last 13 years, Rocklin is my favorite area to sell real estate!  Rocklin is the quintessential, family-oriented neighborhood with a variety of houses, highly-ranked schools, lovely shopping areas, and lots of city pride!  Its hilly streets and mature trees give off a happy vibe that's hard to repeat in other local areas. 
With the current economy, Rocklin real estate agents are seeing the best deals in many years, maybe ever.  The average home price in Rocklin is now $270,000, … (0 comments)

short sale rocklin: Short Sales in Whitney Oaks Rocklin - Agent Allan Sanchez - 12/10/11 09:35 AM
Short Sales in Whitney Oaks Rocklin - Agent Allan Sanchez

As 2011 winds down, I want to give you the Whitney Oaks short sale statistics for this year.  Whitney Oaks has seen a new low in real estate values in the last year, down 5.6% from this time last year.  Short sales have become a popular way to sell homes in Whitney Oaks, even beating out REO/Bank owned homes.  There were 58 short sales sold in Whitney Oaks in 2011 compared to just 18 REOs. 
Average 2011 Price of a Whitney Oaks Short Sale:  $383,884
Average 2011 Days on the … (0 comments)

short sale rocklin: Short Sale Rocklin - Facts About Rocklin Short Sales - 09/01/11 05:53 AM
Short Sale Rocklin - Facts About Rocklin Short Sales
Here is the latest short sale sold by Rocklin short sale agent, Allan Sanchez.  This home in Stanford Ranch on Mountaingate Way was a short sale with Bank of America.  As the largest lender, Bank of America has led the way for short sale negotiation and smaller lenders are taking note.  The short sale process has improved and many more short sales are being approved.

The key to a successful short sale in Rocklin is a complete offer package, quick response times with your bank, and a lot of follow-up.  The … (0 comments)

short sale rocklin: Short Sales Rocklin - Short Sale Realtor Allan Sanchez - 06/07/11 05:44 AM
Short Sales Rocklin - Short Sale Realtor Allan Sanchez
It's important to know that all Rocklin short sales are not alike.  Short sales will affect people in different ways based on their hardship, financial situation, and other assets. 
If you are considering selling your Rocklin home as a short sale, it's important to learn the facts and consult with an experienced Rocklin short sale Realtor. 
See if you qualify for a Rocklin short sale.
2629 Catalina Court - Rocklin Short Sale SOLD by Short Sale Realtor Allan Sanchez

 5820 Pebble Creek Drive - Rocklin Short Sale Contingent by Short Sale Realtor Allan Sanchez
(1 comments)

short sale rocklin: Short Sale Rocklin - What is Short Sale Contingent? - 05/15/11 04:01 PM
Short Sale Rocklin - What is Short Sale Contingent?
One of the first questions I usually get from short sale buyers in Rocklin is "What does short sale contingent mean?" Short sale contingent means that the seller has already accepted an offer on their home but they are still waiting on their lender to approve the short sale.  While waiting for the short sale approval, the MLS listing is labeled "short sale contingent" and will not actually be "pending" until the bank issues an approval letter.
Here is my latest short sale contingent home in Rocklin: 

5820 Pebble Creek Drive in … (0 comments)

short sale rocklin: Rocklin Short Sale - 5820 Pebble Creek Drive, Rocklin CA 95765 - 04/11/11 06:10 PM
Rocklin Short Sale - 5820 Pebble Creek Drive, Rocklin CA 95765
This is my newest Rocklin Short Sale located in Stanford Ranch.  5820 Pebble Creek Drive is a great 4 bedroom with 2.5 baths, 2,124 square feet, and a 3 car garage. It also has great interior features like a  fireplace, high ceilings, and lots of light!  This Bank of America short sale is priced well at $270,000. 

 
Located near top-notch Rocklin schools, this short sale offers so much of the Rocklin lifestyle.
If you are interested in buying a short sale or selling your Rocklin home as a short sale, it's … (1 comments)

short sale rocklin: Rocklin Short Sales - Short Sale Promissory Note - 03/05/11 09:40 AM
Rocklin Short Sales - Short Sale Promissory Note
As a Short Sale Expert in Rocklin CA, I'm negotiating for my clients against big banks.  During the short sale negotiation, some banks will ask the seller to sign a promissory note in order for the bank to recoup some of their loss. 

Here is my advice regarding short sale promissory notes:
If you're a Rocklin short sale seller with a 1st loan ONLY, don't agree to a promissory note or cash contribution.  Your short sale agent should be willing and able to tell the bank NO WAY!  Here's why:  Starting January 2011, … (2 comments)

short sale rocklin: Bank of America Short Sale Roseville & Rocklin - 02/16/11 04:23 AM
Bank of America Short Sale Roseville & Rocklin
I've had the pleasure of working with Bank of America over 80 times selling short sales and foreclosures.  I say "pleasure" because Bank of America is one of my favorite lenders to work with.  In the last year they have streamlined their short sale process.  Bank of America short sales in Roseville and Rocklin are often successful for buyers who are getting a good deal and sellers who are relieved of a big mortgage.

 
 
Here is a Bank of America short sale in Roseville that sold in 2010.
 
 
(0 comments)

short sale rocklin: Rocklin Short Sale Specialist-FAQs About Short Sales in Rocklin CA - 02/15/11 08:31 AM
Rocklin Short Sale Specialist-FAQs About Short Sales in Rocklin CA

Short sales are relieving hundreds of Rocklin homeowners from the financial stress of upside-down mortgages. Since the beginning of 2011, there have been 27 homes sold as short sales in Rocklin. However, short sales come with a lot of questions:  Will I have tax liability? How long will I be able to stay in my home?  When will I be able to buy again?
I am Allan Sanchez, Rocklin Short Sale Specialist, and I have sold over 100 homes in Rocklin and surrounding areas in Placer County.  I know the real estate market, how to … (0 comments)

short sale rocklin: Short Sale Rocklin-Can You Short Sale with an IRS Tax Lien? - 02/09/11 10:54 AM
Short Sale Rocklin-Can You Short Sale with an IRS Tax Lien?
If you have an IRS tax lien, can you still short sale your Rocklin home?  The answer is yes!
Hear Laura Peachey from Stewart Title in Roseville explain how to remove your IRS tax lien and short sale in Rocklin:
  Once you list your home as a short sale in Rocklin, it's important to start the lien release process.  It is best to have Stewart Title communicate with the IRS as the point person.  They will obtain a Certificate of Release from the IRS so you can close escrow.  The release takes … (0 comments)

short sale rocklin: Short Sale Rocklin-Facts About Short Sales in Rocklin - 02/08/11 08:27 AM
Short Sale Rocklin-Facts About Short Sales in Rocklin

Last month, 17 homes sold as short sales in Rocklin.  In past years, short sales were almost impossible to close because lenders weren't willing to accept less than the full mortgage payment.  However, short sales have greatly evolved in the last two years and we are seeing several short sales in Rocklin sell every month. 
If you owe more on your home than it's currently worth, and you need to sell your home, you should consider a short sale for your Rocklin home. 
Benefits to Short Selling Your Rocklin Home:
You will … (0 comments)

short sale rocklin: Rocklin Short Sale-Do I Qualify for a Short Sale? - 01/12/11 04:47 AM
Rocklin Short Sale-Do I Qualify for a Short Sale?
If you are considering selling your Rocklin home as a short sale and have already investigated the short sale process, you are probably wondering if you qualify for a short sale.

To qualify for a Rocklin short sale you must have a hardship of some kind.  Examples of a hardship:
Sudden Illness or medical condition. Unemployment or reduction of hours/pay. Divorce Bankruptcy Death Your lender will also consider the following:
Determine if your home's value has dropped based on recent comparables. Your mortgage is in jeapody of default. Your overall financial … (4 comments)

short sale rocklin: Short Sale Rocklin-Writing a Hardship Letter - 01/07/11 04:34 AM
Short Sale Rocklin-Writing a Hardship Letter
When selling your Rocklin home as a short sale, your lender will ask you to write a hardship letter explaining why you can no longer afford to pay the mortgage on your home.  The hardship letter is an important part of the short sale process.

Learn how to write the best possible hardship letter for your Rocklin short sale:
Make your hardship letter clear, consise, and no longer than one page.
1.  Brainstorm about all the financial reasons why you can no longer afford your Rocklin home.  This includes job loss, reduction of hours, … (1 comments)

short sale rocklin: Rocklin Short Sales-Avoid Deficiency Judgment - 12/29/10 12:23 PM
Rocklin Short Sales-Avoid Deficiency Judgment

What is a deficiency judgment?  A deficiency is the amount of the principle mortgage LESS the amount the bank receives from a short sale.  A deficiency judgment is when the lender tries to collect some or all of the deficiency after the short sale closes. 
Attention Rocklin Short Sale Sellers.... you DO NOT want to agree to a short sale if the bank wants to include a deficiency judgment in the short sale approval letter.  The short sale approval letter will say something like this:  The lender or its investors may pursue a deficiency judgment … (1 comments)