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short sales: Worst to best with a flaw - 04/28/09 11:07 AM
Two years ago when a client told me they wanted me to short sale their home and their lender was Wells Fargo, I would visibly cringe.  Dealing with Wells Fargo in those days was a nightmare.  They didn't have sufficient staffing to handle the requests, their process was weak and it took so long that when you got the approval the buyer had moved on so you had to start all over and nobody at Wells cared.  Today they are one of the fastest, they make status update calls to you and often you can deal with the negotiator through email. 
… (4 comments)

short sales: Buying a short sale listing - 01/27/09 10:56 AM
What do I need to know about buying a short sale listing?  This was essentially the question one of my readers sent me last week.  I have written a number of articles including "Six Steps to a Successful Short Sale" and "Short Sale Success," on using short sales to avoid foreclosure but have not spent much time addressing the buyer in a short sale transaction. 
If you or someone you know is considering buying a home in the Sacramento and Roseville area you will more than likely look at one or more short sale listings.  What should you know and be … (0 comments)

short sales: Stop Sacramento Foreclosures - 01/23/09 12:02 PM
A total of 523,624 California properties received foreclosure filings, including default notices, auction sale notices and repossessions in 2008. This was a 110 percent increase from 2007 and almost five times as many compared to 2006.
The city Stockton registered the highest foreclosure rate in California and the nation with a 9.46 percent of its housing receiving a foreclosure filing during the year. Other California cities in the nation's 100 largest metropolitan areas in 2008 included Riverside-San Bernardino at number 3, Bakersfield at number 4 and our own Sacramento at number 9.
Sacramento foreclosure filings impacted one in 19 properties or … (2 comments)

short sales: Positive News in Sacramento Forecast - 01/13/09 08:58 AM
As soon as the holidays were behind us it seems like the media has again focused on the economy and in particular the negatives.  I don't know about you but when I hear too much negative news it impacts my mental attitude and slows me down.  There are some bright spots in regards the Sacramento and the real estate market.  I think we should understand the overall situation but take the time to remind ourselves of what is positive. 
In my weekly real estate column over at Rocklin & Roseville Today, "Sacramento Economic Forecast," I highlight some of the strengths of … (1 comments)

short sales: Rant: Service is key to short sale - 12/18/08 12:28 PM
In today's competitive real estate services industry there is nothing more important than client service.  I am referring to what may be called Realtor helpers such as title/escrow companies, home inspectors, lenders and others who help us get our transactions completed.
It is this group of professionals who can make closing a sale easy or a nightmare.  Over the past two plus years we have been working with a number of clients who would like to avoid foreclosure/bankruptcy by having us negotiate a short sale with their lenders.  Trust me when I say, this is not as easy as it sounds.  … (2 comments)

short sales: You won't believe this! - 12/10/08 12:13 PM
A good portion of the business we do at MagnumOne Realty is helping financially struggling Sacramento area homeowners avoid foreclosures by helping them qualify and negotiate with their lenders to accept less than they are owed by accepting a short sale.  Lenders tend to treat us as the enemy even though we are helping them and the entire process can be long and arduous but we are good at them and there is a good deal of satisfaction when we complete a short sale and our clients can step away from payments they can no longer afford to pay and a … (4 comments)

short sales: Are we going to lose our home? - 12/04/08 11:08 AM
Just when I thought we might start seeing a decline in the number of homeowners who are facing foreclosure the next wave came crashing in.  The new wave is a combination of more homeowners who have experienced a financial setback such as a lost job or reduced income combined with continuing declines in home values.  A married couple with two incomes making their payments all of a sudden are struggling to when one of them loses their job have lost their option to sell their house, pay down credit card debt and move to more affordable housing because their home is … (2 comments)

short sales: Staying Busy with Roseville Real Estate - 10/09/08 12:49 PM
It very nice to see a break in the warm weather and even to get a bit of rain but I am happy to see we will be getting some nice warm days this week as we move deeper into October.
Over at MagnumOne Realty we had a strong past week with some new listings and some nice escrow closings.  One of the joys of this business is to complete a sale for my clients and this past week it was fun to see my customers from the southern part of the state move into their new home here in Roseville.
… (1 comments)

short sales: Short Sale Headaches - 06/12/08 08:18 AM
Short Sale Headaches
June 11th, 2008
Many lenders have dedicated staff to deal with short sales and some appear to have developed a process that works for them. Where the problem occurs is the volume of requests for short sales. It overwhelms the negotiators and others who deal with borrowers and Realtors who are requesting short sale consideration. Yesterday, we were talking to a negotiator for a lender who when we asked her to call us back with some additional information she didn't have, said, "I have over 200 people just like you that want me to call them, just … (7 comments)

 

Julie Jalone

Roseville, CA

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MagnumOne Realty

Office Phone: (916) 290-9339

Cell Phone: (916) 276-6883

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