underwater home: How About This Slogan for JPMorgan Chase?
- 05/15/12 12:07 AM
How did Jamie Dimon, the chairman and CEO of JPMorgan Chase, manage to lose $2 billion? You might ask why did the buyers of a Sacramento short sale cancel yesterday? Or, how did a Rocklin short sale go into escrow the day it came on the market? Why do people always want to know the why when the facts often speak for themselves. The "why" doesn't change the facts. It won't rewind the clock. I had agents yesterday begging me to call them back and explain why a short sale was no longer available. It was no longer available because it … (8 comments)
underwater home: Should You Refinance That Underwater Home Instead of Doing a Short Sale?
- 02/18/12 12:05 AM
Reporters have asked me this question. Do I believe the HARP refinance program is a good deal for homeowners who owe more than their home is worth? I guess they think everybody is jumping on the HARP refinance bandwagon, but I kinda don't think they are. For one thing, they'd have to have a job. For another, they'd have to have good credit. For yet another, they'd probably have to be incredibly naive. And I think people are smarter than that. But then I often tend to see the world with rose-colored glasses, as my mom used to say. I believe … (14 comments)
underwater home: It Doesn't Always Pay to Signal Your Turn in a Conversation
- 05/30/11 04:38 AM
My husband believes that some things I say just pop up out of the blue with absolutely no reference point. He says, in conversations, I don't signal my turns. My brain is constantly in transition. Yet, he loves me anyway. During brunch at Bistro Michel yesterday, we were discussing vampire teeth. You mostly see this in women, not men, but I suppose men aren't immune. I'm talking about those long canines. The type that suggest I'd like to bite your neck, in a Bela Lugosi kind of way. They say that the eyes are the windows to your soul, but I … (16 comments)
underwater home: Work Less to Work Smart
- 05/18/11 02:53 AM
Ever since I've been kicking back more, it seems I've been getting more done. Odd as that may seem. Work less to work smart. Or maybe it's because I'm learning to not give a crap about stuff I can't change. I want so desperately for all of my clients to be happy, that when one of them is unhappy, I start to take it personally. But then I stop. The thing is if a person is unhappy, it's really of their own choosing. Because every single person on the face of this earth has a choice of how they react to … (7 comments)
underwater home: Stories From the Trenches: Is Your Short Sale Agent a Crook?
- 04/17/11 04:47 AM
Whenever I talk about crooked real estate agents, I get a ton of emails from agents protesting the term. I get asked: Why do you have to bring up crooked short sale agents? Why make consumers think that real estate agents are unethical or crooked? Well, I hate to say this but consumers already believe it. I'm not putting ideas into anybody's head that aren't already there. A smart consumer is always cautious. Especially when it comes to hiring a Sacramento short sale agent or anybody for that matter to help keep a home out of foreclosure. Even the Sacramento … (7 comments)
underwater home: Is it Smart to Pay on that Second Mortgage if Your Home is Underwater?
- 03/23/11 02:11 AM
If you own an underwater home, should you continue to pay on your second mortgage? Lots of people stop paying, and they don't worry about it. Why don't they worry about it, you may ask? Because the second mortgage holder probably has zero equity. Nada. No security for that loan. If there is nothing securing that loan, the mortgage lender is unlikely to file for foreclosure because there is no financial gain to do so. When a second mortgage lender files for foreclosure, to perfect it, the lender needs to make up the back payments to the first lender, if any, … (11 comments)
underwater home: A Resourceful Sacramento Short Sale Agent Takes on a Short Sale in Natomas
- 02/21/11 03:03 AM
Another Sacramento short sale seller emailed me yesterday, asking if Moi was interested in taking his listing. He didn't give his address, just his name. Being the resourceful person that I am, I checked him out before I called him. I asked what he was planning to do with the underwater home he owned in Natomas, since that wasn't the property he called me about, and was he aware that the home in Rancho Cordova had hard-money loans that looked to be rate and term? Oh, and btw, is he upset with his agent because the home had been on the … (3 comments)
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.
How did Jamie Dimon, the chairman and CEO of JPMorgan Chase, manage to lose $2 billion? You might ask why did the buyers of a Sacramento short sale cancel yesterday? Or, how did a Rocklin short sale go into escrow the day it came on the market? Why do people always want to know the why when the facts often speak for themselves. The "why" doesn't change the facts. It won't rewind the clock.
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