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wachovia short sales: Don't Jeopardize the Home Buyer Credit When Buying a Short Sale - 01/16/10 08:24 AM
OK, I admit it. I'm one of those obnoxiously organized people you read about. I have systems for everything because it keeps me efficient. I'm also rarely late for a meeting. If I make an appointment with another person -- doesn't matter who it is, a buyer for homes in Land Park, a Sacramento short sale seller, the pest inspection guy or my hairdresser -- I'll show up 5 minutes early.
That's because I plan ahead. Always looking into the future. Sometimes, I go so far as to look up the time distance between my origination and destination on Google Maps, … (7 comments)
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wachovia short sales: Update on Bank of America Short Sales and California's Housing Market Trends - 11/28/09 09:47 AM
Two interesting bits of information this morning. First, take a look at this chart from the Federal Housing Finance Agency. It shows the appreciation scale for housing in California from 1991 to present. Although we are not out of the slump by any stretch, it indicates the bottom happened in late 2008, which mirrors the movement I see in Sacramento's real estate market.
Second, another of my Bank of America short sales is about to be approved. What makes this Sacramento short sale different is the fact we submitted the file in early October, just as Bank of America was … (17 comments)
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wachovia short sales: Types of Short Sales to Avoid and Why Bank of America is Improving - 11/24/09 09:37 AM
When I list a short sale in Sacramento, I often qualify the sellers partly on instinct. That's why my short sales get approved. Of course, I examine the usual qualifiers such as whether the seller has a hardship and whether the list price is reasonable. But some of my short sales that I thought were a long shot get approved as well, and that's where intuition comes into play.
This year, I've had only 3 short sales that did not close. In 2 of the cases, Bank of America took so long to approve those short sales that the sellers finally … (10 comments)
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wachovia short sales: Some Sacramento Short Sales are Improving But Aurora and CitiMortgage Take the Cake - 11/17/09 09:24 AM
Now that homebuyers no longer feel pressured to buy a home before the home buyer tax credit expires (because it was extended to April 30, 2010), it seems that the market is a teeny bit quieter in Sacramento. Usually Mondays are the worst day of the week, phone-wise. My cellphone tends to ring constantly on Mondays, generally because buyers are out over the weekend looking at homes. But yesterday, it was eerily silent.
In fact, I mentioned to my husband over lunch that my phone hadn't rung once. Was the market slowing down? He asked me if it was turned on. … (9 comments)
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wachovia short sales: Do What You Love, Pay the Price and You'll Always Be Passionate About Your Job - 11/14/09 08:47 AM
I closed a couple more escrows in Sacramento yesterday. One was in Natomas, which was a Wachovia short sale, and I represented the seller. The other was for buyers who had spent a long time looking at homes in Land Park until I suggested they consider a particular home that met their needs. The negotiations for that home were a bit tough because the buyers were not paying anywhere near the list price, and we ran into a snag at closing because the seller could not wire funds to escrow before the buyers' loan lock expired, but we closed on schedule.
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wachovia short sales: If Banks Make More Money on Foreclosures than Short Sales, Why Am I Closing So Many Sacramento Short Sales? - 11/08/09 09:25 AM
A fellow blogger and agent on Active Rain, Pacita Dimacali, wrote a piece that included links which substantiate the theory that banks make more money on foreclosures than short sales. Pacita works in Alameda, about 90 minutes away from me in Sacramento, and she is also a contributor to my book, The Short Sale Savior. Pacita knows her stuff.
If the federal government is subsidizing lossses suffered by banks through foreclosure, it would appear that banks such as Bank of America, Wells Fargo and CitiMortgage have very little incentive to do a short sale. Yet, month after month, those same banks … (10 comments)
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wachovia short sales: Wachovia Approved an Elk Grove Short Sale in 6 Days and Will Pay Seller to Close - 10/27/09 08:56 AM
I've said it before, but I'll say it again, I love working on Wachovia short sales. Give me nothing but Wachovia short sales in Sacramento and Elk Grove, and I'll be a happy, happy short sale agent.
A Wachovia short sale is like that lone flower growing out of a sun-drenched sidewalk crack. I work on enough short sales in Sacramento to thoroughly appreciate the no-nonsense way that Wachovia handles its portfolio of loans in default. Other banks pale in comparison to Wachovia. I'd say that Wachovia performs like a Gold Medal athlete at the Olympics while, let's say, Bank of … (14 comments)
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wachovia short sales: A Wachovia Short Sale Seller in Sacramento Hits the Jackpot - 10/22/09 09:25 AM
In life, there are always little twists that keep it interesting, wouldn't you say? For example, last week I was watching a HGTV show about a couple who were buying their first home somewhere in the Midwest. They had obtained an FHA loan. Because they didn't have the money for a down payment, their parents gave them the cash.
Of course, FHA requires a gift letter from the parents. This gift letter specifically states that the funds are not a loan but a gift. At the end of the show, the couple stood in front of the camera, talking about their … (17 comments)
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wachovia short sales: If You're a Wachovia Short Sale Seller in Sacramento, Elizabeth Weintraub Wants to Be Your Short Sale Agent - 10/15/09 09:13 AM
There's a saying that if you want to know where lines of ants are coming from, you've got to watch the ants. Because of all the rain we've received in Sacramento over the past 48 hours, I presently have an ant invasion in our bedroom. They are crawling up from the baseboards and down from the window sill. I've sprayed them with Windex, planted Grant's Ants stakes both inside the house and outside, but they keep coming. My cats are fascinated by the ants.
The solution here is to find the caulking gun, load it up and go to the source.
… (11 comments)
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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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