The biggest problem facing a short sale seller in Sacramento is not really whether the bank will issue approval of that short sale. At least not on my short sale transactions, because the sellers I typically work with possess a genuine hardship and their property values have declined. The biggest
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08/22/2009
The thing about being a Sacramento short sale agent is the rules change daily. Especially if the bank is Bank of America. Probably 1 out of every 4 short sales I'm doing in Sacramento involves a Bank of America loan. It's even worse if the loan originated from Countrywide. Some of my B of A short
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08/21/2009
Because of HVCC, some buyers are standing on shaky ground if they release contingencies. It's considered typical practice due to standard verbiage in the C.A.R. purchase contract to release contingencies on the 17th day after contract acceptance. Of course, there is a box to check that leaves the
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08/20/2009
I can't believe that Fannie Mae, operating under government conservator-ship, is telling short sale sellers to go into default. The U.S. Department of Treasury is giving Fannie Mae up to $200 billion dollars to bail it out. Yet, what we have here is the government telling short sale sellers to s
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08/19/2009
Most people don't know that I got my start in real estate in the 1970s as a title searcher at First American Title. After a few years of standing for hours in 6-inch heels at the courthouse (without A/C) and hoisting up those heavy Grantor and Grantee books on the counter, I changed career paths
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08/18/2009
I turned my phone off for a few hours on Sunday so I could clean up my front yard. It was beginning to resemble those of an REO listing. While my husband could care less, I don't want my neighbors to think we're in foreclosure. Dead hanging plants because I've had no time to water them. My strawb
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08/17/2009
A client called yesterday to share bad news with me. Patricia (not her real name) just received a pink slip and will soon be out of work. She is part of the national growing trend of single women home buyers, and had bought a home last month in College Greens, a popular Sacramento neighborhood ju
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08/16/2009
When I read my recent Trendgraphix report -- available exclusively to Lyon real estate agents before anybody else gets this information -- I was astonished to learn that the number of pending short sales in Sacramento County has jumped 471.9% over the past 15 months. That's an incredible percent
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08/15/2009
My watch stopped working last week, followed by a dead remote for my car. I was forced to wear an old wind-up watch and stick my ignition key into my car door to lock it. The horrors, right? How spoiled we get. I've been so busy listing and selling Sacramento short sales that I didn't have time t
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08/14/2009
If you're tired of trampling through beaten-up bank-owned homes in Sacramento, come on out to Stone Creek in Rancho Cordova to see this gorgeous short sale home. It oozes with pride of ownership. Lush green lawns in the front and back with meticulously cared for landscaping. Plus, it backs to a c
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08/13/2009
