short sale: SB 931 Deficiency Judgment Rescue on Refi Loans - 11/27/10 05:17 AM
Recently, I wrote an article on Sacramento Real Estate Voice that breaks down CA SB931 which will take effect on January 1, 2011 in California.
This new California bill is  deficiency protection for CA Short Sales of 1-4 units which protects homeowners and investors from recourse on their first mortgages and Deeds of Trust.
Apparently, the banks did not lobby against this bill and some say it is because the banks already have such a bad reputation with the public that they didn't want any further bad publicity. 
My guess is that there is more to it than that and the … (6 comments)

short sale: Loan Modifications Becoming the Next Big Scam - 01/04/09 01:19 AM
Opportunists who want to suck what little money you, the homeowner have left, are calling to HELP with a loan modification.
Are you having trouble paying your house payment?  Many Sacramento homeowners are.  If it sounds too good to be true, it is. 
These scam artist are charging several thousand dollars to do what you can do yourself for FREE.
Yes, many of these people are real estate agents and mortgage brokers hungry for money. These are the same people who put you in the position that you find yourself in today. Don't be fooled!
To find letter examples, qualifications and more be sure to … (14 comments)

short sale: Peeking Makes You A Good Neighbor - 03/01/08 03:03 PM
Everyone living in Sacramento County, Placer County, Yolo County and El Dorado County needs to read this.
A recent home buyer, and now homeowner and friend living in Natomas, CA called me this week.  
While gardening in her backyard in the afternoon, this Sacramento County new homeowner noticed a swarm of mosquitoes.
Since we have a record number of foreclosures, short sales and abandoned houses this is a call to action for all neighbors. 
Sometimes, the homeowner has abandoned their house.  It takes the bank awhile before they realizes this.  In the meantime, no one is taking care of that broken sprinkler, a pool with no chemicals or a pond with standing water.  
Remember, that standing water is a breeding ground for … (20 comments)

short sale: What Do YOU Think? - 01/15/08 05:48 AM
Have you ever had enough quiet time to contemplate?
Do You ever wonder about things and how others view them?
Well, just the other day, while in my Jacuzzi, I had a strange thought.
And I can't seem to shake it, so I thought I'd ask if your ever thought of this and what you think about it.
If you live in an area where there are a lot of short sales, this is for you.
What do you think neighbors around a short sale that didn't sell think of the Realtor who had the property listed?
And if you are in an area where there are … (6 comments)

short sale: Are Short Sales and Foreclosures A Good Deal? - 04/04/07 12:43 PM
This past weekend I showed a short sale to a prospective Home Buyer in Granite Bay, CA. First, if you don't know what a Short Sale or Foreclosure is...now is the time to become acquainted with the terms by clicking on the highlighted and underlined links. Before becoming a Buyer of a Granite Bay CA Short Sale or Foreclosure real estate property you need to know what these terms mean and the process involved in real estate. It was a Saturday morning when I drove to a beautiful upscale Granite Bay neighborhood to show a million dollar home to a prospective … (42 comments)