Greenhaven - Pocket Real Estate Portal

Have you visited the Greenhaven - Pocket Real Estate portal: Your single stop for finding a home in the Greenhaven and Pocket areas of Sacramento.  Here you can search every available home for sale in the Sacramento area.

The Greenhaven-Pocket area is a City of Sacramento community.  It is located along Interstate 5 on the east and a semi-circular "pocket" bend in the Sacramento River about 10 minutes south of downtown Sacramento.   Entering the Greenhaven-Pocket community from the south along Interstate 5, visitors are greated by a large water tower with the words "Sacramento, City of Trees" painted on it; this marks the southern boundary of the City of Sacramento.

Before being developed the Greenhaven/Pocket area was a rural farmland.  It was first developed as a planned community in 1962.  Greenhaven/Pocket includes 18 community parks, several gated communities, shopping and great schools.

And make sure to sign up for our daily updates for new listings and price reductions!  This site is updated daily with new Greenhaven - Pocket homes for sale and properties that come on the market in the Sacramento area. Often, homes are sold within days of coming on the market. That is why it's valuable to have the full, updated homes and property data on this website.  Sign up NOW!

Camden Homes for sale

Have you visited the Camden homes and real estate portal: Your single stop for finding a home in Camden Passage, Camden Park and Camden Point.  Here you can search every available home for sale in the Camden area, a popular neighborhood in Elk Grove.

Camden Passage and Camden Park are located between Bond Road and Sheldon Road off of Elk Grove Florin Road in Elk Grove CA.  These two subdivisions include over 900 homes and are separated by a seasonal creek. Camden is a community of custom, semi-custom and production homes and includes Camden Lake with miles of walking/running/biking trails, nature areas, greenbelts and several parks.

If you are interested in purchasing in a great community in Elk Grove, CA, make sure to check out the Camden area - Camden Passage, Camden Park and Camden Point.

As of today there are many homes and properties for sale that are available in the Camden area. The number of homes changes daily, so be sure to keep coming back right here, to the best site for Elk Grove homes for sale.

The Camden area is situated between Elk Grove Florin Road on the east, Sheldon Road on the north, Bond Road on the south and Harding Hall on the west.

Start your Elk Grove home search here -

And make sure to sign up for our daily updates for new listings and price reductions!  This site is updated daily with new Elk Grove homes for sale and properties that come on the market in the Elk Grove area. Often, homes are sold within days of coming on the market. That is why it's valuable to have the full, updated homes and property data on this website.  Sign up NOW!

 

I am asked this question quite frequently by Elk Grove homeowners contemplating an Elk Grove Short sale - Will my lender approve a short sale even if I'm not behind in my payments?

The short answer is, it depends on your lender.  Some lenders may require that you are behind on your payments before they will consider approving a short sale.  I actually am representing a buyer on an Elk Grove short sale and after our offer was submitted to the bank, the bank came back and stated that they would not consider the short sale until the seller was delinquent at least 31 days.

However, many lenders now are approving short sales when the homeowner has never missed a mortgage payment.  The homeowner just happens to be in a negative equity position and have a need for the short sale or a hardship in order to sell their home.  One way to find out whether your lender will accept a short sale file for approval on a loan that is current is by submitting a short sale file to your lender.

We have closed a couple of Elk Grove short sales now where the sellers were not behind in their payments.  One was a job relocation and another was a divorce situation.  Both sellers had a hardship and could not keep their homes.  We were able to explain this to their existing lenders with our short sale package.  We received our approval, closed escrow and helped these sellers not only avoid foreclosure but also help maintain their credit by not having delinquencies on their credit report.

If you are an Elk Grove homeowner thinking about selling your Elk Grove home and you are upside down on your mortgage or behind in your payments, now is a good time to get your home on the market. 

If you are a home buyer looking for an Elk Grove home, remember Elk Grove short sales are closing.  Just make sure that your real estate agent asks the right questions about the short sale before you make your offer.  If you would like a list of the right questions, give us a call at (916) 405-5737 and we will be happy to send them to you!

Remember, the deadline is fast approaching for the Mortgage Forgiveness Debt Relief. 12-31-2012.  If you have any questions about this deadline or want to know what your options are on your mortgage, give us a call at (916) 405-5737 or send us a quick email to Info@ModeandDurhaM.com  We are here to help!

Here are some quick links to other blogs I have written regarding Elk Grove Short Sales -

How much will a short sale cost me?

Are there credit consequences to a short sale?

Who is eligible for a short sale?

Questions to ask the listing agent?

What is a deficiency judgement?

When is it too late to list your home as a short sale?

Behind on payments - how long until the bank forecloses?

If you are interested in finding out more about the Elk Grove real etate market, buying foreclosure properties or short sales or about financing investment properties, make sure to check out our website at www.FindaHomeinElkGrove.com.

More information on the Elk Grove, California real estate market

New Spacious East Sac listing!

Quick Links   Elk Grove Homes for Sale     HUD Homes for Sale     Sacramento Homes for Sale     Galt Homes for Sale     FREE List of Foreclosed Homes for Sale     Distressed Homeowners-Find Out your options     What is your home worth     New Listings Alert       See Property Details   Call: 916-230-0371 for more information on this or any other property. Information valid for the date of this posting only. Please contact us for the most current information and status of this property.   Visit Property Website       Find your Home's Value Get a free comparative market analysis of your home's value sent to you with no obligations.               What an opportunity! Bank owned in East Sacramento! Over 3,000 square feet with formal living and dining, separate family room, library/den, hardwood floors, upstairs laundry room, sunroom, and built in pool. All at an affordable price!         3636 Folsom Boulevard, Sacramento, CA 95816 4 Bedrooms Bathrooms: 3 full List Price : Get Current Price Living Area Approx : 3187           I want to see this property.                 Courtesy : Lori Mode Email Me Now 916-230-0371

Phone: 916-230-0371 for more information on this or any other property. Visit our website for more: www.ModeandDurhaM.com Keller Williams Realty works with sellers, buyers, developers and investors all throughoutSacramento, Elk Grove and all of California. Each Office is Independently Owned and Operated. 2007 Keller Williams Realty. Equal Housing Opportunity.

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What is happening with the current market in Elk Grove and Elk Grove Short Sales?

Well, closings have gone up! This is as a result of a couple of factors.  First, buyers have gotten more accustomed to them and are not as afraid to make offers on Elk Grove short sales and secondly, the lenders really are approving them faster!  We are definitely closing more Elk Grove short sales and helping more homeowners avoid foreclosure!

Take a look at these statistics for Elk Grove short sales -

As you can see the inventory has steadily decreased for the past year as has our total inventory in Elk Grove. Actual closings were at their highest in December 2011 at 102 Elk Grove short sales closing!  Also pending sales have stayed steady around the 150 mark for the past 6 months.

And although inventory has been steadily decreasing, prices on Elk Grove short sales have still been declining.  Only a little each month and we are holding pretty steady around the $100 per square foot mark, however they have been decreasing a little each month.

And as I said previously, inventory has been steadily going down.  We currently have only a 1.7 month of inventory on the market for Elk Grove Short Sales.  This covers all 3 zip codes - 95624, 95757 and 95758.  As of today, January 25, 2012, we have even less inventory in Elk Grove - 152 short sales are currently on the market.

So what does this all mean?

If you are an Elk Grove homeowner thinking about selling your Elk Grove home and you are upside down on your mortgage or behind in your payments, now is a good time to get your home on the market. 

If you are a home buyer looking for an Elk Grove home, remember Elk Grove short sales are closing.  Just make sure that your real estate agent asks the right questions about the short sale before you make your offer.  If you would like a list of the right questions, give us a call at (916) 405-5737 and we will be happy to send them to you!

Remember, the deadline is fast approaching for the Mortgage Forgiveness Debt Relief. 12-31-2012.  If you have any questions about this deadline or want to know what your options are on your mortgage, give us a call at (916) 405-5737 or send us a quick email to Info@ModeandDurhaM.com  We are here to help!

Here are some quick links to other blogs I have written regarding Elk Grove Short Sales -

How much will a short sale cost me?

Are there credit consequences to a short sale?

Who is eligible for a short sale?

Questions to ask the listing agent?

What is a deficiency judgement?

When is it too late to list your home as a short sale?

Behind on payments - how long until the bank forecloses?

If you are interested in finding out more about the Elk Grove real etate market, buying foreclosure properties or short sales or about financing investment properties, make sure to check out our website at www.FindaHomeinElkGrove.com.

More information on the Elk Grove, California real estate market

Most Elk Grove Short Sale sellers have many, many questions prior to us listing their home.  We hold a FREE consultation with them where we hope we answer their questions.  I have written other blogs previously about seller's questions on Elk Grove short sales.  Well, we got another question today, so I thought I would explain it here once again.

"What happens if the bank expects more money than the home is worth?"

Good question.  And we have had this happen a couple of times in the past.  We recently closed an Elk Grove short sale that Chase, the existing lender, told us was worth $170,000.  We had previously had it on the market at $170,000, didn't receive an offer; dropped it to $160,000, didn't receive an offer; then dropped it to $150,000 and received an offer at $140,000.  We knew in the current market, we would never sell it at $170,000! 

Obviously the bank's appraiser or BPO came in high and this is not uncommon.  We tried to discuss this with the negotiator at Chase and he said we needed to cancel the first transaction and put the property back on the market at $170,000.  I tried to submit a dispute letter along with my market analysis showing the true value of our listing and a listing history, however the negotiator wouldn't even look at it.  He gave us no choice but to put the property back on the market.

Once we did what the Chase negotiator wanted and put the property back on the market at $170,000, didn't get any offers at their price and dropped the price consistently once again, the negotiator decided to order another BPO.  Of course, this is what we wanted in the first place!  This one came in at the correct price which was $140,000.  We then received our short sale approval at $140,000 and we closed the escrow, helping another Elk Grove homeowner avoid foreclosure!

The moral to this story is that we never stop trying!  We push as hard as it takes with the negotiators, escalate to management if we need to and work hard to help our Elk Grove homeowners avoid foreclosure!

Remember, the deadline is fast approaching for the Mortgage Forgiveness Debt Relief. 12-31-2012.  If you have any questions about this deadline or want to know what your options are on your mortgage, give us a call at (916) 405-5737 or send us a quick email to Info@ModeandDurhaM.com  We are here to help!

Here are some quick links to other questions I have answered regarding Elk Grove Short Sales -

How much will a short sale cost me?

Are there credit consequences to a short sale?

Who is eligible for a short sale?

Questions to ask the listing agent?

What is a deficiency judgement?

When is it too late to list your home as a short sale?

Behind on payments - how long until the bank forecloses?

I had heard about Pinterest before but I didn't get it!  Well, I finally caved and signed up in the past few days.  Now I'm having so much fun with it.  It's basically an online bulletin board of your favorite things or things you want to remember.  It's a great site for sharing ideas.  I have discovered that many of my Facebook friends have also discovered Pinterest.  It seems a lot of people use the site to get inspiration for projects in their life.  The above photo is just one of my boards that I have been enjoying....

If you haven't checked out Pinterest yet, I suggest you take the time to give it a try. 

We list quite a few Elk Grove bank owned homes and if a recent listing is any indication of what is going to happen with them this year, everyone needs to hold on.                                

We received a listing agreement from Bank of America on a Friday for this Elk Grove foreclosure....I had valued it at $235,000 to $245,000 on the BPO I completed for the bank depending on repairs that they might decide to do.  The air conditioner was stolen, it needed carpet and interior paint.  Well, the bank decided not to do any of this work and put it on the market at $214,900!  By Monday morning, we had received 7 offers, sent them to the bank and the bank on Tuesday came back with a counter to all of them to bring their highest and best offer by Wednesday at 5:00.  Well, by Wednesday at 5:00, we had received another 8 offers...all offers had their highest and best offer in at that time.  So 15 offers in less than 1 week!  And I was still receiving phone calls from agents wanting to submit offers...I had to tell them, sorry no more offers.

The interesting thing is that the offers ranged in price from $195,000 up to where the price should be....around $240,000.  (I can't tell everyone the final price as we have not closed escrow!).  Some of these were cash offers, some conventional and some FHA....oddly enough at least a couple of the cash offers were considerably over the list price.  This is because the agents involved had run comparables on the property and knew we were under priced. 

Our inventory in Elk Grove is down considerably from where we were a year ago.  The Elk Grove bank owned inventory is currently only 10% of our market and so if these homes are priced correctly for the condition of the home, the homes are receiving multiple offers within the first few days. 

If you are looking for a home in the Elk Grove area currently and are looking at bank owned homes, make sure that you and your agent are watching the new listings daily and then make sure that your agent runs comparables on any home you are interested in placing an offer on.  On top of that, write a good clean offer with a preapproval from a local lender. 

And to learn more about buying foreclosures or short sales in the Elk Grove real estate market, register for our upcoming Home Buyer Workshop on February 23rd! 

If you are interested in finding out more about the Elk Grove real etate market, buying foreclosure properties or short sales or about financing investment properties, make sure to check out our website at www.FindaHomeinElkGrove.com.

More information on the Elk Grove, California real estate market

Search all Elk Grove homes for sale now!