I received a phone call yesterday from a very unhappy seller whose name sounded vaguely familiar. Apparently, we had a conversation last year about selling his home as a short sale. He was now calling to let me know that although he had listed his home with some other agent, had received an offer and submitted that offer to his short sale lender, the lender had instead foreclosed. He was frustrated with his agent and felt his agent did not have enough short sale experience to help him.
His exact words were: I should have hired you.
Well, why didn't he? That was the obvious question I wanted to ask, so I did. It seemed that this guy had no intention of hiring a Sacramento short sale agent when he initially called me. He just wanted to pick my brain, ask questions and then hire a friend of his who had a real estate license. Now, he was blaming his friend that his home had gone to foreclosure. On top of that, he had taken out a home equity loan. Although this second loan had been wiped out by the foreclosure, it was not gone. Hard money lenders have the right to pursue borrowers and try to collect.
The truth is there are a lot of things that can go wrong with a short sale. Too many to list in this blog at the moment. And while there is absolutely no guarantee that any short sale agent can prevent a foreclosure, at least an experienced short sale agent might have reduced those odds. I felt sorry for the guy because he's hosed. I suggested he call a lawyer.
Here is a new short sale in Roseville. This is a remarkable home with four bedrooms, three baths, soaring ceilings, and a pool. Probably the best feature about it is the back yard. It's huge; the lot is more than 15,000 square feet at .36 acres. It's located in the Courtside subdivision, a little bit south of Douglas Boulevard and Eureka Road.
The first floor features a tiled entry, step-down living room, formal dining room, bright kitchen with a skylight and breakfast nook, a coveted downstairs' bedroom, guest bath, and a family room with a fireplace. Both the family room and kitchen overlook the pool area.
On the second floor, you'll find 3 more bedrooms, one of which has teak hardwood floors. The master suite is spacious with curved windows and a walk-in closet. There is another closet in the master bath, coupled with a jetted tub and separate shower. All together, the home boasts about 2,521 square feet.
A heritage oak stands proudly in the front yard. The back yard has maple trees, mature oleander and rose bushes, but they are all located a reasonable distance from the pool so leaves aren't falling from overhead into the water. It's a very private yard. You really can't see any neighbors.
317 Laver Court, Roseville, CA 95661 is offered exclusively by Lyon Real Estate as a short sale at $349,000. For more information, please call your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759.
Photos: Elizabeth Weintraub
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