sacramento short sales: Don't Look to SB 458 To Save Your Butt in a Sacramento Short Sale
- 11/08/11 01:50 AM
There is so much confusion surrounding SB 458 these days. You can tell who is on the ball in the land of Sacramento short sales by how they interpret SB 458. Agents who don't know what they are doing will say SB 458 makes short sales easier because now second lenders can't go after sellers. That is just not the case; it's not easier. Other agents will say SB 458 slows down short sales if they involve two loans on a short sale. Not true, either.
And yet a third bunch of 'em will say SB 458 lets sellers contribute to … (6 comments)
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sacramento short sales: Short Sales and the Twilight Zone Share Similarities that Mortgage Brokers and Morton's Do Not
- 10/14/11 03:03 AM
There are agents in town who think this particular Sacramento short sale agent can walk on water. Perhaps these are agents who hang out at pot dispensaries. I don't understand that perception. Yes, it's true that miracles happen every day, but not as a direct result of my actions. They happen because we agents in the short sale world live in the Twilight Zone. Nothing is as it seems. Nothing really makes sense. And I'm OK with that.
I've learned how to be successful in this type of dysfunctional system know as Sacramento short sales. I can sail my ship across … (3 comments)
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sacramento short sales: Is It Possible For a Sacramento Short Sale Agent to Never Meet the Sellers or See the Home?
- 10/02/11 04:03 AM
I closed a short sale in Sacramento County last week in which I had never met the sellers. I had never seen the home, either. If you can believe that. I drove out to Elk Grove to pick up my lockbox and realized this was a home I had not put the lockbox on. I didn't put the lockbox on it because I didn't shoot the photos, and I didn't inspect it. One of my team members did it for me. That's rare, because I am very much a "hands-on" agent.
Being a hands-on agent means I will probably never make … (5 comments)
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sacramento short sales: Adobe Acrobat X Pro is Essential Software to Streamline Sacramento Short Sales
- 09/25/11 04:11 AM
The thing about being self-employed as a Sacramento short sale agent is the fact that limitations are present every day in my business. I am not boasting when I say there is only so much that one person can do. It's the truth. The way I stay successful is to stay hands-on. I could list 1,000 short sales a year if I wanted to but I do not. To do that volume, I would need to hire a bunch of agents to work for me, and then the quality of my work would suffer.
There is no way around that. Nobody … (7 comments)
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sacramento short sales: You Can Get the Conveniences of City Living in a Short Sale in Cameron Park, Plus a Deer
- 09/24/11 02:56 AM
I closed a short sale in Elk Grove yesterday and a short sale in Lincoln the day before that. There is something odd about both of these Sacramento short sales. something they both share in common. Both of these homes have a ton of upgrades that were not reflected in the sales price. Stuff the original sellers paid through the nose to get when they bought. Because upgrades is where the money is for builders.
All of those amenities -- elevation, plantation shutters, stainless appliances, oiled bronze, crown molding, CAT-5, stain finish, natural wood upgrades, tumbled stone, stained glass, slab granite, … (6 comments)
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sacramento short sales: Weintraub is Not Too Busy to Handle Your Sacramento Short Sale
- 09/08/11 03:16 AM
A prospective short sale seller told me yesterday that everywhere she goes online to read about short sales, she finds this Sacramento short sale agent. She asked if I was too busy to work with her. Then she answered her own question. She said, "Well, you've been talking to me for 45 minutes, so I guess you have time."
The thing is I make time. I weave it out of thin air. Not really. But I am selective as to which short sales I accept. I prefer to list those that will close. Call me silly, but that approach seems to … (2 comments)
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sacramento short sales: How a Missing Carbon Monoxide Detector Almost Caused a Short Sale Blow Up
- 08/25/11 03:17 AM
The sellers are taking all of the appliances and leaving the range. I read that in the marketing comments of a Sacramento short sale listing yesterday. Wow, really makes a buyer want to buy that short sale, doesn't it? Speaks volumes about the owners and, I might be reading too much into it, but it sounds like the listing agent could be a little irked, too.
What that type of sentiment conveys is the bank screwed the sellers so the sellers are going to screw the bank. Except it's not the bank that suffers. It's that first-time home buyer who is … (7 comments)
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sacramento short sales: Do You Want to Cut Off Your Nose to Spite Your Face?
- 08/15/11 03:17 AM
Unreasonable demands. It would appear that today is filled with unreasonable demands. Part of that is because I am a Sacramento short sale agent. Yeah, I know, nobody forced me at gunpoint into this profession. I chose it willingly, walked in with my eyes wide open -- I wasn't blindsided. Still, doesn't mean I can't yip about it.
The root of the problem is often two-fold. Either a person isn't thinking straight -- and let's face it, nobody says a bank negotiator has to think to stay employed; they don't pay them to think -- or a person is uninformed. In … (7 comments)
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sacramento short sales: Every Day is an Important Day in History, and an Elk Grove Short Sale
- 08/09/11 03:38 AM
Would you live your life differently if you knew that every day was an important day in history and not just some other day? Because the choices you make today affect what you will do down the road. You have a choice in the way you decide to live your life. The thing is some people never see that unless they are looking in the rear-view mirror. And then it's too late. It's all behind you at that point.
I see many sellers who regret the day they bought their home because it's now a short sale. They wish they did … (6 comments)
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sacramento short sales: Niacin Can Kill You, and Here's a Short Sale in Galt
- 08/04/11 03:06 AM
For the past 30-some years, I've been taking niacin to lower my cholesterol. Oh, sure, in the beginning it was just all fun and games because niacin gave you such a rush. Especially if you didn't take the time-release version. But now it is time to say goodbye to my daily ritual of niacin. Because the medical community has recently determined that taking niacin can give you a heart attack! I kid you not. And it has been found to have absolutely zero benefit for lowering cholesterol.
If you can't trust a doctor, who can you trust? One day, it's take … (5 comments)
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sacramento short sales: Help, My Computer is on Fire
- 07/25/11 02:59 AM
I'd like to say that I play computer games to bridge "down" time, but that would be a lie. As a Sacramento short sale agent, I don't have any free time during the week. I work my butt off from Monday to Friday, typically from 5 AM to 7 PM. Yup, I put in 14-hour days / 70-hour weeks on selling Sacramento short sales.
On Saturday, I write several articles and a handful of blogs at my second job, for which I am paid by the New York Times. Not everybody can work at this pace, but it works for me. … (12 comments)
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sacramento short sales: Many Short Sale Banks Are Issuing Counter Offers on Sacramento Short Sales
- 07/14/11 03:19 AM
A trend I am noticing in my Sacramento short sales is buyers who try to negotiate on my short sale listings end up back at my list price. I don't know if I am flagged in a computer-based network somewhere as an agent who knows what she is doing as a Sacramento short sale agent, but many banks are accepting my list prices. I'm getting counters if the buyers didn't offer list price. And those counters are at my list price.
Then, the buyers get ticked off. Hey, I never told them to offer less than list price. They aren't my … (8 comments)
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sacramento short sales: Meeting With Sellers at the Last Minute Isn't Always the Best Idea
- 06/21/11 03:18 AM
A reporter named Whitney Mountain (real name, not making that one up) wrote a story for the Sacramento Bee this morning about auto theft. Whit that says our Central Valley is the worst in the nation for auto theft. California has the highest rates in the country. Sacramento moved from ranking at #11 to #6 this year. Our rate zipped per 1,000 people up to 5.79. Think about it -- don't you know somebody (if it wasn't you) who has had his or her car stolen?
My husband had his Honda Civic stolen about 10 years ago. It was missing for … (9 comments)
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sacramento short sales: Does the Bank Pay All of the Costs and Fees in a Short Sale?
- 06/08/11 03:05 AM
I see such outlandish advertising in Sacramento about short sales. Agents put out marketing pieces that say all services free to homeowner. Hate to burst their bubble, but our short sale services are not free to the homeowner. Or, agents will advertise that there is no cost to the seller because the bank pays everything, including commission. Excuse me? The bank does not own the house.
One of the biggest worries that sellers have is whether they will have to pay the commission. It's a big chunk. No doubt about it. As a Sacramento short sale agent, I have the lucky … (7 comments)
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sacramento short sales: The Million Dollar Question for a Short Sale and How C.A.R. Screwed It Up
- 05/28/11 03:51 AM
Practically every single day I battle this. I blame C.A.R. That would be the California Association of REALTORS, which creates the real estate forms we agents use in our business day in and day out. C.A.R. made the Short Sale Addendum difficult for the average Joe agent to use.
See, real estate agents don't tend to read forms. They simply insert a property address and ask their clients to sign and date. If you don't believe me, you're not in the real estate business. Even though I may discuss with buyer's agents the two points my sellers are looking for in … (11 comments)
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sacramento short sales: Work Less to Work Smart
- 05/18/11 02:53 AM
Ever since I've been kicking back more, it seems I've been getting more done. Odd as that may seem. Work less to work smart. Or maybe it's because I'm learning to not give a crap about stuff I can't change. I want so desperately for all of my clients to be happy, that when one of them is unhappy, I start to take it personally. But then I stop. The thing is if a person is unhappy, it's really of their own choosing. Because every single person on the face of this earth has a choice of how they react to … (7 comments)
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sacramento short sales: What Takes Short Sales So Long to Close?
- 04/30/11 03:52 AM
What takes short sales so long to close in Sacramento? That's what buyers want to know. I can tell you what part of the problem is and you're looking at her. OK, not me, personally, but some other Sacramento short sale agent. It's the listing agents who can hold up the short sale process and cause delays.
Short sale listing agents who screw up do 3 major things wrong. The first thing is they don't collect the entire short sale package upfront from the seller. I know, sellers grumble and don't understand why they have to submit all of this stinkin' … (6 comments)
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sacramento short sales: What Does a Rocklin Short Sale Have to Do With My Cat's Prozac?
- 04/19/11 04:26 AM
This morning I have been trying to reorder my cat's prozac prescription through an online drugstore. Yeah, my cat has his own account online. For some reason his account isn't working -- probably because his password has been temporarily misplaced in those boxes up in my attic. So, I asked for a new password. It's just not happening. It's not happening because I can't recall the answer to the stupid security question.
Who came up with the question of Who is Your Childhood Hero? Blasted stupid question. There are so many. Was it Rod Serling? George Reeves? Or maybe it was … (9 comments)
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sacramento short sales: Who's the Boss?
- 04/18/11 03:42 AM
Last week's show on NBC's hilarious Community was about Abed taking a class that analyzed the question of who was the boss in that old TV show with Tony Danza and Judith Light. You know, Who's the Boss? I'll give you a clue, it's not Tony Danza. Community is perhaps one of the best 22-minute sitcoms on TV today. It messes with your mind and makes you laugh at the same time.
When it comes to my business in real estate, of being a Sacramento short sale agent, I sometimes have to remind myself that the boss is not me. Much … (33 comments)
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sacramento short sales: Stories From the Trenches: Is Your Short Sale Agent a Crook?
- 04/17/11 04:47 AM
Whenever I talk about crooked real estate agents, I get a ton of emails from agents protesting the term. I get asked: Why do you have to bring up crooked short sale agents? Why make consumers think that real estate agents are unethical or crooked?
Well, I hate to say this but consumers already believe it. I'm not putting ideas into anybody's head that aren't already there. A smart consumer is always cautious. Especially when it comes to hiring a Sacramento short sale agent or anybody for that matter to help keep a home out of foreclosure.
Even the Sacramento … (7 comments)
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There is so much confusion surrounding SB 458 these days. You can tell who is on the ball in the land of Sacramento short sales by how they interpret SB 458. Agents who don't know what they are doing will say SB 458 makes short sales easier because now second lenders can't go after sellers. That is just not the case; it's not easier. Other agents will say SB 458 slows down short sales if they involve two loans on a short sale. Not true, either.
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