It's a Short and Sweet "Betty White Day" in Short Sales

Real Estate Agent with Lyon Real Estate BRE #00697006

betty whiteDo you believe it? Nearly 21% of all of the foreclosures in the county for the third quarter of this year are in California. Those two words: California and foreclosure go hand-in-hand. You can't pick up a newspaper or turn on the news without seeing those headlines. We're not the land of milk and honey anymore. We're the land of foreclosures.

Equally ubiquitous is Sacramento and short sale. It's one of the reasons that HGTV producers from Pietown came to town a while back to film a Sacramento House Hunters show about short sales. I spent 3 days filming in Natomas.

Our Sacramento suburbs are brimming with short sales. Lincoln, too. Few years ago, I had never even been to Lincoln. Now, it's not unusual for me to sell a short sale in Lincoln.

You know what teachers might start using for math equations in grade school? Assuming a 90-day publication period in the public records, plus 20 days in a newspaper of general circulation, if the Notice of Default was recorded on June 1, on what day would a foreclosure go to auction? If you owe $500,000 on your home, but the market value is $200,000, how far upside down are you?

As a Sacramento short sale agent, I deal with short sales day in and day out. Hey, I just ran a quick check on Trendgraphix. Ending the third quarter, stats show 5,721 homes for sale in Sacramento. Of those, nearly 35% or 2,001 active listings are short sales, and that doesn't count the pending short sales or active contingent short sales. A year ago, we had half of that number in short sale status in MLS. Short sales are everywhere you look.

Just like Betty White. You can't turn on TV without finding Betty White on some show. It's no longer a case of WWJD, you know. I'm getting one of those bracelets that say WWBW. Betty White is sweet, smart, sexy and funny. And that damn woman is 88 years old. I hate her. No, really, who could possibly hate Betty White? God, I hope I grow up to be just like her.

Except I probably won't. I'm not sweet enough.

What do you think? Maybe she's not really that sweet, either.

Photo: Big Stock Photo

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Elizabeth Weintraub is an author, home buying expert for, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to


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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Elizabeth, it's hard to be as funny as Betty White is and not be sweet!  Loved her on SNL.

Oct 14, 2010 04:46 AM #1
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

While I admire Betty White for getting out there and keeping active, I'm not sure what all the hype is about. She was pretty good on MTM, but I have lost interest since then.

Oct 14, 2010 05:07 AM #2
Jim Patton
Century 21 M&M - 209-404-0816 - Turlock, CA
Realtor - Stanislaus & Merced county Realtor.

Elizabeth - Just a few years ago I was like a lot of agents and steered clear of short sales.  I saw the hand writing on the wall and saw that that was where the market was heading.  I jumped in and got educated on short sales and now that is just about all that I do.  I actually enjoy short sales now.  As for Betty White, I would love to meet her.  I will believe that she really is a sweetheart.

Oct 14, 2010 05:58 AM #3
Jim Hale
Eugene Oregon's Best Home Search Website

Betty White in real estate that's an interesting thought-picture.

Can you imagine any office in which she worked getting any serious work done?

Oct 14, 2010 11:55 AM #4
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Elizabeth - Sometimes you frighten me, because you express thoughts I have had.  Just the other day, I thought to myself, "I hope I'm just like Betty White when I grow up."  I enjoy watching Betty far more than continually hearing the dire straits of our current housing market.  But news is what it is - dire or not:-)

Oct 14, 2010 12:40 PM #5
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

That's because we're two peas in a pod, Myrl. We don't wait for other people around us to keep us amused. We amuse ourselves.

Oct 15, 2010 10:38 AM #6
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