short sale: Inspecting Homes in the Rain and a Land Park Bath Remodel - 12/02/14 10:57 PM
This Sacramento REALTOR battled three-for-three yesterday in our torrential downpour; we need rain so desperately that I am just happy to see water falling from the skies and forming puddles in the street. I covered both sides of my territory, too, driving from Land Park to Roseville, then out to Lincoln and finally over to south Sacramento. Could not fully accomplish my objectives.
The home in Roseville was locked up tight and none of the keys worked. I was grateful for the porch roof that kept the raindrops off my head.
The lockbox in Lincoln was missing the key basket; which … (4 comments)

short sale: Voting and When the Time is Ripe for a Commission Discussion - 11/04/14 10:52 PM
They say there is always a first time for everything, although I suspect part of that is because we don't always remember the first time. Take last night for example. There we are at the polling place to vote, which is at the Land Park firestation. It's a little wild to see a fire truck that upclose and personal. On the back of one of the trucks was a sign that warned people to stay back 300 feet. Isn't that the length of a football field. How do people do that when they see it driving down the road?
I am … (6 comments)

short sale: Why Won't the Listing Agent Present my Buyer's Offer? - 05/25/14 02:49 AM
An agent in Sacramento interrupted my weekend activities with his phone call, all excited that his "client" had an urgent desire to present an offer on my listing that is pending. Granted, it's pending short lender approval because it's a short sale, but that listing status in Sacramento means the seller does not want any additional offers. I explained that to the caller. He was not about to give up.
He continued to push. But why, he whined, I wanna know WHY. Because it's pending short lender approval, I explained.
Well, my client wants to offer a big suitcase filled with … (7 comments)

short sale: Why Buyers Might Not Want to Buy a Short Sale Today - 05/24/14 02:53 AM
The only way most buyer's agents in Sacramento will show a short sale is if there is nothing else for sale. However, even in the midst of low inventory like our spring housing market in Sacramento, buying a short sale is not high on a buyer's list of desired priorities. That's because most home buyers want to move into their new home about 30 days after making an offer. That time period is unrealistic in a short sale, and it won't happen.
When 70% of the listings in Sacramento were short sales or foreclosures, buyers didn't mind waiting through the short … (8 comments)

short sale: Struggling with that Short Sale Hardship Letter? - 12/03/13 11:34 PM
After I finish telling sellers in Sacramento all of the things that I do for them in a short sale, including how they should not send any documents to the bank or have a reason to correspond / chit-chat with the bank during the short sale because I take care of all of that for them, I add that I get paid the same as if it was not a short sale. I get paid just like it was a regular transaction, in which all I did was simply bring together a buyer and a seller to agree on price and … (8 comments)

short sale: Getting Real Estate Done Before Thanksgiving - 11/27/13 02:55 AM
Holy toldedo, it's like everybody wants to cram in everything they can just before the holiday. It's almost 11 AM and this Sacramento real estate agent just finished a carton of yogurt at her desk because I haven't had time for breakfast. We received short sale approval for a home in Sacramento this morning, another has been submitted for approval today, and we got approval for a short sale in Roseville. I have several new regular listings to take next week and prepare paperwork for, and my out-of-state seller is finally set to close.
I began writing about dealing with difficult … (13 comments)

short sale: Taking a Sacramento Listing Involves Much Upfront Work By the Agent - 06/06/13 06:55 AM
Some agents go running out the door to a list a home as a short sale the minute a seller calls. I generally hold back a little bit, because unless we have a Notice of Default filed, a short sale probably does not require immediate attention. First, I need to determine whether the home must be sold as a short sale. Some homes have enough equity now that they no longer fall in short sale territory. Then, I need to qualify the seller. I need signed permission to speak with the seller's bank. The sellers need to gather documents, not to … (6 comments)

short sale: Is it Possible to Guarantee a Sacramento Short Sale? - 06/04/13 04:37 AM
There are some short sales on the market in Sacramento that will never close because they were not a short sale to start with. A willing seller most likely called an agent to say she wanted to do a short sale, and the agent said OK without ever qualifying the seller for a short sale, and plopped that home on the market.
I can tell you which short sales are likely to close and which are not just by looking at who has the short sale listed and the type of financing involved. But that's because I make it my business … (1 comments)

short sale: How Down Syndrome Does Not Relate to a Nationstar Bank Short Sale - 03/06/13 11:57 PM
Who would write about Nationstar Bank and Down Syndrome in the same article? You know who. Yup, you're reading her words as they fly off her fingertips to the keyboard this very minute. Nothing is too sacred to write about. It just depends how you do it. Trying to stay politically correct while straddling that comedic high wire between falling off and killing myself (badly mutilating, I imagine) or making it to the other side is what I specialize in doing.
Because I sell real estate in Sacramento. This is my business, and I've learned how to adjust to it over … (12 comments)

short sale: The Dangers of Writing Overpriced Offers - 02/19/13 01:04 AM
Granted, it's much more of a problem if a buyer writes an overpriced offer on a short sale than for a traditional equity sale in Sacramento, but when there is financing involved, it's still a problem all the same. It requires more work on everybody's part, and it's often a battle to close escrow. The problem is the appraisal. If the home doesn't appraise at the amount the short sale lender agreed to accept, the short sale bank won't always back down and lower the price. Not only that, but now that short sale bank has a number in mind that … (7 comments)

short sale: Bank of America to Pay Fannie Mae $11 Billion - 01/08/13 02:08 AM
The top four banking giants might soon dwindle to three if this keeps up. The bank settlements for improper foreclosure procedures / robosigning was part of the excitement in the banking industry on Monday, but Bank of America still leads the way with its $11 billion settlement with Fannie Mae. To pay the bill, Bank of America has been releasing servicing like crazy -- to do a service release means to sell the rights to service a loan to another entity -- sometimes right in the middle of a short sale. By dumping mortgages left and right, Bank of America is … (2 comments)

short sale: The Best Part of a Short Sale Closing - 12/30/12 03:37 AM

Chris Ann Cleland wrote a blog about how an agent in her office views closing a transaction. It inspired me to write a blog this morning about what happens at closing for a Sacramento short sale agent. I had a bunch of closings on Friday and a bunch more will close on Monday. It's year end for the short sale business and many sellers want to close before January 1. Some are worried about taxes because of the mortgage debt relief expiring. Some are worried just to worry because it's in their nature to worry.
Read more on my personal … (7 comments)

short sale: Mortgage Debt Relief Extension Might Not Matter To You - 12/14/12 12:10 AM
If you live in California, you might not have to worry one little bit about whether the mortgage debt relief extension will happen. Because your short sale might not be affected by it. The problem is with the way we get our news today. We get it online and from dubious sources. People see a link in Google and they click on it, and they think it was written by God, when it was really created by some mouth-breather guy in Pocatello who wants to sell you Viagra.
This Sacramento short sale agent talked last week with Ken Harney, the reporter … (3 comments)

short sale: You Can't Buy and Then Short Sale - 12/09/12 12:37 AM
One of the golden rules of being a Sacramento short sale agent is I don't take listings from sellers who expect to do a short sale after buying a new home. I don't do it because I'm wasting their time, giving them false hopes, and that is against the Code of Ethics. I also don't do it because it's a waste of my own time and everybody else's time around me. It's a waste of time for my transaction coordinator, it's a waste of time for my escrow officer, and it's a waste of time for my company to drive over … (8 comments)

short sale: Thankful to Be a Sacramento Short Sale Agent - 11/20/12 08:13 PM
I am so happy to see Thanksgiving around the corner. In part, because I am thankful to have made a good living this year selling short sales in Sacramento. Yup, I know it sounds crazy to say I am happy that I am a Sacramento short sale agent, given all of the craziness inherent with this profession, but I am. I know I yelp and moan and complain about it, but I wouldn't trade this life for the world. Besides, nobody would ever believe what goes on in a short sale if short sale agents like me didn't talk about it … (3 comments)

short sale: Trulia Doesn't Show Active Short Contingents in Sacramento - 11/12/12 11:52 PM
The thing about answering my own phone is even though I hear the phone number repeated in my ear, it doesn't tell me who's calling unless I look at my phone. Even then, I don't know who I'm talking to half the time. Yesterday, a guy called and demanded to know about a Sacramento short sale property he found listed in Trulia. I told him if he spotted a home to buy in Trulia it's probably sold, and offered up my website as a trustworthy place to look.
This guy got very upset. He said he thought that Trulia had misled … (3 comments)

short sale: Propositions and Politicians: A Bank of America Cooperative Short Sale - 11/07/12 11:37 PM
I felt exhausted after voting this week. Didn't you? The election wore me out. Especially if you voted in California. Holy cow. In Sacramento, we had four pages on our ballot. Four pages of Propositions and Politicians! There were just too damn many things to vote for. You've gotta ask yourself why aren't the guys in Congress, the men and women we elected, doing this stuff? Why are they taking it to the people and making us decide? Huh?
That kind of question makes about as much sense as what the banks are doing. Especially Bank of America and it's Cooperative … (5 comments)

short sale: Death and the Short Sale - 11/05/12 11:33 PM
This isn't like the death of a short sale. This is death and the Sacramento short sale. Like a person who has died and his heirs or spouse or partner on the deed need to do a short sale. I have 2 of those types of Sacramento short sales I'm working on this week, and another that is coming up in January. Not that the person is dying in January, we don't plan that far ahead, no, no. But that the person has already died and the heirs just aren't up to dealing with it until January.
There is little more … (12 comments)

short sale: A Bank of America HAFA Short Sale Pays Ten Bucks a Day - 10/11/12 12:23 AM
What is it about those Bank of America HAFA short sales that make you want to poke out your eyeballs? You know what they say about insanity, right? Insanity is when you do the same thing over and over and expect different results. Well, I am not insane because I know when I accept a HAFA short sale transaction that I must negotiate through Bank of America, it will take a long, long time. It won't take the 30 days the government tells you it will take. It will take months and months and months. It could run into years if … (11 comments)

short sale: Three Short Sales In and One Short Sale Out - 09/24/12 11:37 PM
I did a spot news interview yesterday with Ben at Channel 13 in my front yard in Land Park. The TV crew popped by to see what I thought about a Bay area investor buying 1,000 homes in Sacramento. I loaded them with stats from Trendgraphix that showed how we had more than 10,000 homes for sale 5 years ago and today that number has dwindled to less than 1,700. What do these investors think they're gonna do? Buy half the town in Sacramento? We are choking on no inventory.
Even though there are very few homes for sale in Sacramento, … (7 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

Office: (916) 233-6759

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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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