I imagine the short sale approval letter I received yesterday from CitiMortgage delights my Sacramento short sale sellers as much as it does their agent. Because an agent's job isn't over when the short sale approval letter arrives. Sometimes, those approval letters contain conditions that requir
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06/20/2009
Everybody knows it's a huge mistake to work with an agent who doesn't know an area like Land Park -- primarily because all real estate is local -- yet, they do it anyway. It's especially true in the Sacramento neighborhood of Land Park. I see some Land Park listings hit the market priced $200,000
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06/19/2009
There are several lessons in this unusual Sacramento short sale story, but perhaps the most compelling is how the lowest short sale offer can end up the highest and best. It may give hope to those frustrated buyers who desperately want to buy a short sale in Sacramento but keep getting squeezed o
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06/18/2009
After talking with several newspaper reporters yesterday, I returned to my home office chair to find a flyer sitting on it. My initial reaction was: "What is this crap my husband put in my chair?" That's because he doesn't ordinarily put crap in my chair. But he does deliver every piece of junk
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06/17/2009
Here is a photo of a new short sale listing in Natomas that received a spammer lowball offer yesterday. It's in active contingent status right now, meaning the seller has accepted an offer. Since it's been on the market for about a week so far, we've received a number of offers for thousands over
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06/16/2009
Almost unheard of in Sacramento -- as we are at the mercy of the Sacramento River and the American River, not to mention the Folsom Dam -- but some parts of Sacramento are not located in a flood zone, and neither is this Land Park short sale. It's located high on a hill. I live a few blocks away
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06/15/2009
I spotted a ruby-throated hummingbird sitting on a telephone wire in the back yard of my Land Park home this morning. We have a lot of hummingbirds in Land Park, probably because all my neighbors grow spectacular flower gardens. They are so small, and I rarely see them resting. Most of the time t
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06/14/2009
I get a lot of calls from buyers on my Sacramento short sale listings, and many of those callers are educated about how to buy a short sale. They want to know which bank holds the first mortgage and whether this short sale is subject to a release of a second loan. Because a second mortgage lender
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06/13/2009
Here's my short sale tip for the day: Because I'm dealing with a couple dozen short sale listings in Sacramento, I receive more than 100 offers from short sale buyers in any given month. Some of these offers are crisp, clean and signed by motivated buyers. Others are, well, a total mess, to put i
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06/12/2009
Buyer calls about Sacramento short sale homes, I can understand. After all, not every website where buyers find property specify that the listing is a short sale, much less whether it's an active contingent (meaning there are one or more offers with at least one accepted) short sale. And, sometim
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06/11/2009
