bank owned homes: Behind the Scenes in Sacramento Foreclosures - 05/19/15 02:57 AM
It seems like I'm always rooting for the underdog, even though I try to be fair and balanced, which means I can't be quiet when I see inequities, people being treated unfairly, and laws that probably should be changed. Yet, I don't have any aspirations to enter law or politics, so I simply write about it and hope that my words will be read, perhaps to inspire action by somebody else better suited to tackle these issues.
Can't help my attitude: I don't like it and find it painful when I see naive people being taken advantage of, and especially when it … (5 comments)

bank owned homes: What "As Is" Means in a Sacramento Short Sale - 01/12/11 01:37 AM
It seems that home buyers in Sacramento sometimes believe that dealing with a short sale bank is identical to dealing with a bank that has foreclosed upon a home, when the two types of escrows are actually quite different. There are different departments of the bank that handle these two types of transactions and different procedures for the escrow.
In a short sale, the bank is not required to let the seller sell the home. It is at the bank's option when it allows a buyer to purchase the home from a seller at a negotiated price. Banks that elect to … (7 comments)

bank owned homes: Where's That Pot of Gold at the End of the Foreclosure Rainbow? - 02/11/09 01:12 AM
Having a large presence on the web for a Sacramento real estate agent can be both a blessing and a curse. The benefit from being everywhere online is my phone rings a lot. The drawback is some of those callers are, to put it politely, insane. But as any veteran real estate agent will tell you, even insane people buy real estate. In fact, a lot of real estate is sold to insane people, if you really want to know the truth.
The secret, I've learned, is to choose the sane, logical and motivated clients to work with because that's how … (20 comments)

bank owned homes: Bank-owned (REOs) and Short Sales Lead Sacramento's Market - 11/19/08 01:19 AM
Here are a few charts from Trendgraphix that I thought you would find interesting. It shows the amount of homes on the market, the number of pending and the closed sales as of October 2008. The big chart directly below is the non-REOs for sale in Sacramento county, and you can see how the inventory is falling as more sellers remove their homes from the market:

The charts below show the tri-county region of REOs and bank-owned homes on the left versus non-reos on the right. You can easily see where the interest is in today's market. But it doesn't … (4 comments)

bank owned homes: The Reason Why Banks Are Slow to Respond to Foreclosures - 09/25/08 03:40 AM
The banks are taking a long time to decide on foreclosures for one reason: They can't do it any faster. Many asset managers are handling 500 files per month. The banks are overwhelmed with foreclosures and understaffed. Not only are they dealing with potential sales, but there are a flood of other homes in foreclosure that need to be listed and put on the market, in addition to tons of others receiving notices of default.
Banking insiders -- sources that I cannot name -- have told me the banks are withholding foreclosures from the market and releasing them when inventory begins … (19 comments)

 
Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) Rainmaker large

Elizabeth Weintraub Sacramento Realtor Top 1%

Put 40 years of experience to work for you

Sacramento, CA

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RE/MAX Gold

Address: 3620 Fair Oaks Blvd, Sacramento, CA, 95864

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Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.< Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you. View all AR Posts By Elizabeth Weintraub Elizabeth Weintraub website  


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