short sale roseville: Roseville Short Sale | Short Sale Roseville CA with Federal Tax Lien - 12/11/12 12:00 AM
Roseville Short Sale | Short Sale Roseville CA with Federal Tax Lien Roseville Short Sale Specialist, Mark Peek, announces another closed Short Sale in Roseville with multiple lien holders: Specialized Loan Servicing, and an IRS Federal Tax Lien.  This short sale closed, releasing the homeowner of deficiency from Specialized Loan Servicing.  In addition, the Federal Tax lien was removed to allow this Roseville Short Sale to close.  IRS tax liens can be removed with or without payment.
The home needed substantial repairs and was sold "as-is", without any seller repairs.  All of my short sales are sold "as-is" unless the the seller absolutely … (2 comments)

short sale roseville: Short Sale Roseville CA |Mark Peek| Wells Fargo Short Sale Sold - 05/22/11 02:50 AM
 
Short Sale Roseville CA |Mark Peek| Wells Fargo Short Sale Sold - Roseville Short Sale Specialist, Mark Peek, closed another Roseville Short Sale at 1439 Hickory Street, Roseville, CA 95678.  The homeowner had two mortgages, both with Wells Fargo Bank.  The second lien was a Wells Fargo HELOC (Home Equity Line of Credit). Wells Fargo approved Short Sales on both liens and accepted $125,000 and settled the lien.  
This Wells Fargo Short Sale was approved without any seller contributions or promissory notes.  The homeowner avoided foreclosure and can qualify to purchase another home in as little as 2 years.  More importantly, the seller was be released from the lien and … (2 comments)

short sale roseville: Roseville Short Sale - Short Sales are on the rise in Roseville CA - 02/08/11 10:44 AM
 
 
Roseville Short Sale - Short Sales are on the rise in Roseville CA and account for a substantial amount of available homes on the market today. There are 491 Short Sales that are unsold out of 892 total homes for sale in Roseville. I expect these numbers to soar in 2011.  Unfortunately, only 43 Roseville short sale homes sell every month, on average. That's less than 10% of the available Roseville short sale listings! In addition, 240 Short Sales in Roseville have expired or have been withdrawn in the last 6 months alone, many due to foreclosure.
It is very important to choose an experienced … (2 comments)

short sale roseville: Short Sale Roseville - Who is in charge during a short sale? - 01/28/11 12:22 PM
Short Sale Roseville – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth.
The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that?
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Until the lender forecloses on the home the home owner is in the driver’s seat. They “own” the property until the lender forecloses.
We have … (0 comments)

short sale roseville: Short Sale Roseville Home - Seven Ways You Benefit From A Roseville Short Sale - 01/27/11 12:24 PM
 
Short Sale Roseville Home – A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.”
That was the first thing that popped into our head. But, I knew there are more benefits to a home owner than simply better credit. So I put together the entire list and here they are.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
1. The upside down debt is erased … (0 comments)

short sale roseville: Short Sale Roseville - US Bankruptcies just reached a 5 year high - 01/24/11 05:28 PM
Short Sale Roseville – According to data from the National Bankruptcy Research Center, US bankruptcies have reached a 5 year high.
The last record was set in 2005. That record was set because bankruptcy laws were being tightened up and people wanted to file before the laws changed.
(The big banks had convinced congress to make it harder for debtors to get relief.)
Discover how other sellers successfully did a Short Sale Roseville to avoid foreclosure by clicking here.
The number of bankruptcies filed in 2010 reached 1,530,078. That was an increase of 8.7% over 2009. Even though the economy is starting to show … (1 comments)

short sale roseville: Sale Sale Advice Roseville - Why Should I Pay Double For My Home? - 01/20/11 11:23 AM
Short Sale Advice Roseville – Roseville Short Sale Specialist, Mark Peek,  recently received a question from Frank. Here is Frank's Question.
"I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as my home is worth, plus the interest on that mortgage? It just doesn’t make sense.
How can I get a loan mod with a fair interest rate where I am repaying what my home is worth today? Thank for your help, Frank.”
Discover how … (0 comments)

short sale roseville: Short Sale Realtor Roseville - Do I qualify for a Short Sale If I Don’t Have A Normal Hardship? - 01/12/11 07:24 AM
Short Sale Realtor Roseville – Roseville Short Sale Agent, Mark Peek, recently received a question from Paul. Here is Paul's Question. 
"I own a condo that I purchased in 2005, pre-construction for $350k and have a mortgage balance of $335k.
I have been trying to sell my unit for upwards of 2 years with no success. I have been unable to refinance because my unit is worth much less than the balance on my mortgage.
I have been denied a loan modification. I must move by this summer and do not want to make a penny on the sale. I just want to … (0 comments)

short sale roseville: Short Sale Help in Roseville CA - I can't afford my payments. What should I do? - 01/09/11 03:59 AM
Short Sale Help in Roseville CA – Roseville Short Sale Agent, Mark Peek, recently received a question from Tom. Here is Tom's Question. 
"I divorced four years ago. We had had our home on the market for some time, but it wasn't selling. My ex needed money to buy another home.
Since it wasn't selling, we refinanced and split the equity. She used the money to buy another house and I stayed here. I put the home back on the market recently.
Today, several years later it still isn't selling. The market value today is $350,000. I owe over $550,000 today.
I am … (0 comments)

short sale roseville: Short Sale Roseville CA - A 2nd Common Loan Modification Mistake and How to Avoid It - 01/03/11 04:55 AM
Short Sale Roseville CA – Here is another common loan modification mistake that many homeowners make. They accept a very short term payment agreement that is not a loan modification.
They could have gotten a real modification, but settled for whatever the lender recommended to them. They settled for what is called forbearance. Here’s how it works.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
A forbearance does not reduce your payments. It doesn’t reduce your back payments, or reduces them very little. The lender just allows you to catch up on all the debt over … (0 comments)

short sale roseville: Short Sale Process - Will I Owe Income Tax After A Short Sale? - 12/27/10 08:09 AM
 
Short Sale Process - Roseville Agent, Mark Peek, answers one of the first questions a potential short sale seller asks us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask.
The following article is my personal opinion only. I recommend that you consult with a competent legal or tax professional before moving forward with a short sale.
In most cases the answer is that a short sale will usually not cause you to owe income tax.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
… (2 comments)

short sale roseville: Short Sale Roseville - How GMAC Short Sales Work - 12/22/10 04:28 AM
Short Sale Roseville - GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial.
However, many people still have loans from the original GMAC. Some of these homeowners want to short sale, but are curious about how it works.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
A GMAC short sale is not too much different from other short sales. To start a short sale with GMAC, first call them at the 800 number on your most recent statement. That number is currently … (2 comments)

 

Author Bio: Mark Peek | Rocklin Short Sale | Roseville Short Sale | Lincoln Short Sale | Short Sale Agent. Mark Peek specializes in helping sellers avoid foreclosure in Roseville, Rocklin, Lincoln, Granite Bay, Citrus Heights, Fair Oaks, Orangevale, Folsom, El Dorado Hills, Sacramento, and Surrounding areas.



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