short sale elk grove: Elk Grove Short Sales are Very Much Alive
- 06/08/14 09:58 AM
Elk Grove Short Sales are Very Much Alive It's wishful thinking, I think. That by this time, Elk Grove short sales would be a thing of the past because of a much improving real estate market and economy. Don't get me wrong, the real estate market has greatly improved. But, real estate value are not as strong and solid as we all hoped. It's now the end of Spring, usually the real estate high point every year. This year, we're seeing movement but it's a little slow. Elk Grove average home prices have actually decreased 1.5% in the last month. Inventory has … (0 comments)
It's a wild time for Elk Grove real estate. Inventory is still the lowest it's been since the recession. Homes are getting multiple offers within the first few days on the market. Elk Grove short sales continue to dominate. Last month 42% of all sales were short sales. Here is my newest Elk Grove short sale. 6380 Chesterbrook Drive is a cute 3 bedroom, 2 bath home with 1,500 square feet and stylish upgrades. It has stained concrete floors, custom paint, backyard with mature landscaping, and a great floor plan. This … (1 comments)
With the LOW inventory of homes for sale in Elk Grove, I'm even more excited for this new short sale! 5887 Bishops Cap Ct. is in a fantastic location on a quite court. It has room for everyone with 5 bedrooms, 3 baths, and 2,658 square feet. The 3 car garage and lots of interior upgrades are icing on the cake. All this for $240,000! This Elk Grove short sale is with Bank of America and Patelco. Because they are the largest bank, Bank of America sets short sale standards for … (4 comments)
Many people think that you can't short sale a home with a FHA mortgage. In fact, you can! Take a look at this FHA short sale I just sold in Elk Grove. 4809 Noriker Drive had a FHA loan with Bank of America. This is a lovely 4 bedroom, 2 bath home that closed for $185,000. FHA short sales are different than typical short sales. Elk Grove short sale agents can get a FHA pre-approval with a pre-approved list price BEFORE listing the house on the market. … (0 comments)
short sale elk grove: Elk Grove Short Sale Success - Wells Fargo Short Sale
- 11/04/11 06:35 AM
Elk Grove Short Sale Success - Wells Fargo Short Sale Here is my latest SOLD short sale in Elk Grove. This home on Hummingbird Way was a short sale with Wells Fargo. It was a great buy at $100,000 and got multiple offers the first week. The sellers accepted an offer and as the short sale agent, I submitted the short sale package to Wells Fargo right away. About 3 weeks later, we received a short sale approval! That's a very quick approval in short sale time...Success!
Just before this Elk Grove short sale closed escrow, the buyer got cold … (0 comments)
All short sale sellers in California can now be certain! With the passage of SB 458, if a lender agrees to a short sale, they will consider the loan paid in full and the seller will not be held liable for any additional payments. This includes all junior loans as well as 1st loans. Short sale sellers in Sacramento will now have closure and confidence after a short sale. Sellers will be able to recover from a short sale more quickly, fix their credit, and buy a new, more affordable home. The … (1 comments)
short sale elk grove: Elk Grove Short Sale - What is Short Sale Contingent?
- 06/28/11 09:45 AM
Elk Grove Short Sale - What is Short Sale Contingent? One of the first questions I usually get from short sale buyers in Elk Grove is "What does short sale contingent mean?" Short sale contingent means that the seller has already accepted an offer on their home but they are still waiting on their lender to approve the short sale. While waiting for the short sale approval, the MLS listing is labeled "short sale contingent" and will not actually be "pending" until the bank issues an approval letter. Here is my latest short sale contingent home in Elk Grove: 10026 Blossom Ridge in Elk … (0 comments)
6410 Noble House Way in Elk Grove, 95758, is approved by Bank of America for $210,000! This 2,135 square foot home has a great floor plan with 2 bedrooms and 2 baths downstairs, 2 bedrooms and 1 bath upstairs. It also has a 3 car garage and is located in the lovely Foulks Ranch neighborhood. Bank of America short sales are some of my favorite to negotiate. BofA has streamlined their short sale process in the last couple years, greatly improving the … (0 comments)
short sale elk grove: Short Sale Elk Grove-What Should Sellers Keep Current During a Short Sale?
- 02/14/11 01:29 PM
Short Sale Elk Grove-What Should Sellers Keep Current During a Short Sale? When a seller decides it's time to short sale their Elk Grove home, they usually stop paying the mortgage. This is common practice during a short sale. Sellers are often insolvent and truly can't afford the mortgage payment. Not making mortgage payments also give a strong message to the bank that owners can no longer afford their home. Even though not making mortgage payments is acceptable during an Elk Grove short sale, it causes a lot of problems if sellers stop paying their HOA, utilities, or child support. Laura Peachey … (2 comments)
Lenders have incentive to negotiate a short sale with a distressed Elk Grove homeowner. For example, if your lender took back your home as a foreclosure, they would become responsible for the maintenance, HOA fees, utilities, and other fess. They would also be responsible for any vandalism, squatters, or damage done to the property. Foreclosure can take many months. Once it's for sale as a foreclosure, it's often in much worse condition than comparable short sales. For these reasons, it is in the best interest of many lenders to agree to … (1 comments)
Most Elk Grove sellers need help understanding what a short sale is and the short sale process. In a short sale, an Elk Grove short sale expert will sell your home to a buyer at, or slightly below, market value. Then your short sale agent will negotiate with your lender to see if they will accept the proceeds as payment in full. Lenders are not required to accept any discounted payoffs however most lenders are open to short sales because lenders want to … (0 comments)
short sale elk grove: Elk Grove Short Sale-Foulks Ranch Listing-95758
- 12/16/10 11:30 AM
Elk Grove Short Sale-Foulks Ranch Listing-95758 Here is the newest Elk Grove short sale located in upscale Foulks Ranch: Elk Grove Short Sale: 6410 Noble House Court, Elk Grove, CA 95758 This home has a fantastic floor plan. The master, guest room, and 2 bathrooms are downstairs and there are two more bedrooms, a loft, and a bedroom upstairs. It totals 2,135 square feet. It also has a built-in-pool, 3 car garage, and extra energy saving features. It's very close to the neighborhood park and racquetball club. Priced at $199,000. To view this and other Elk Grove short sales, contact Elk Grove … (0 comments)
It's a short sale, not a fire sale! Many real estate agents will convince you to accept any short sale offer that comes to you. Bad idea! In order to have a good chance at a short sale approval, you must have a short sale offer that is more attractive to the lender than a foreclosure. What short sale offer should you accept? Your Elk Grove short sale expert should provide you with the most recent comparables in your neighborhood. Take the lowest comparables and knock off 5%. Lets say that the lowest comparable … (0 comments)
Elk Grove Short Sales are Very Much Alive 
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