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loan modifications: Why Are Those Sacramento Short Sales on the Market for So Long? - 01/13/12 11:25 AM
Thanks to Melissa Zavala this morning, she gave me inspiration for this blog. I woke up late, thinking about what I will say tomorrow when I tape a TV show. It's a community outreach program on cable. The producer wants me to talk about short sales. I told him I will lay it on the line. I might say things that go against the norm. There is no sugar coating from me. I'm very opinionated. I'd also like to believe I am informed, especially since I closed almost 100 deals last year.
As a Sacramento short sale agent, I see people … (5 comments)

loan modifications: The Perfect Storm for Sacramento Short Sale Sellers - 09/18/09 09:03 AM
Wells Fargo approved another short sale yesterday for an Elk Grove seller. The negotiator was a chatty guy out of South Carolina who used to live in Sacramento -- on one of the "fish streets" in Rosemont. Very nice guy. I'd like to go on the record as saying that not every negotiator who works for a short sale bank is an evil troll.
In this situation, the seller had tried, unsuccessfully on two separate occasions -- one of which was in the middle of our active short contingent status -- to do a loan modification. He was current on his … (12 comments)

loan modifications: Some Sacramento Short Sales Have a Bumpy Ride But a Happy Ending - 09/03/09 09:12 AM
Once upon a time, long, long ago -- maybe it was in March -- first-time home buyers (let's call them Peter and Lori) wrote an offer on a short sale home in Sacramento. Decent offer, over list price. I sent that offer to the listing agent in southern California. Left voice mails, sent emails, but the listing agent did not respond. No big surprise there.
After a while (I don't recall how many days) but after I mentioned that he left me with no choice but to report him to the Sacramento Board of REALTORS, he responded. This was a company … (21 comments)

loan modifications: How Long Will You Wait For An Offer on Your Sacramento Short Sale? - 04/20/09 10:20 AM
Most of the short sale sellers who list with me have already tried for months to do a loan modification without any success. These sellers have also considered foreclosure and, for a variety of reasons known only to them and their lawyers, have chosen to do a short sale. But with a short sale comes the inconvenience of having to show your home. Sometimes sellers don't want the inconvenience.
Last week a seller told me she was leaning toward foreclosure because she's had her home previously on the market a few years ago, and it didn't sell. She tried listing it … (14 comments)

loan modifications: Need a Loan Modification in Sacramento? Come to the Convention Center on Thursday! - 12/03/08 09:18 AM
You don't have to be behind in your mortgage payments to attend the free HOPE Now workshop at the Sacramento Convention Center on Thursday. Everybody is welcome to attend. On the verge of default or a notice of default already filed? Doesn't matter. Just come. You can meet with your lender to discuss a loan modification and get an answer right then and there. At least 19 lenders will be present at the workshop, which is sponsored by NeighborhoodWorks America and Gov. Schwarzenegger's 90 Days of Hope task force.
This is an excellent opportunity to meet face-to-face with your lender. No … (8 comments)

loan modifications: Let December Be Known as Loan Modification Month - 11/28/08 03:36 AM
The hottest buzz word in the industry right now is not short sales nor foreclosures. It's all about loan modifications. Lots of unscrupulous businesses are springing up that offer consumers help with their loan modifications, and they are charging home owners $3,000 and more to do what home owners can do for themselves.
To find your lender's loan modification requirements, click on the photo and you will find my article on About.com, which details major mortgage lender guidelines for loan modifications.
Nobody wants to admit it, but the lenders are making loan modifications seem confusing and difficult. Perhaps it's an effort … (41 comments)

 
Eliz Rainmaker_large

Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

More about me…

Top 1% at Lyon Real Estate #00697006

Address: 2801 J Street, Sacramento, CA, 95816

Office Phone: (916) 233-6759

Cell Phone: (916) 233-6759

Email Me

Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Columnist at About.com. Sacramento short sale agent.
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