elk grove short sales: Sacramento and Elk Grove Short Sales - great month for our short sale closings! - 06/30/10 05:45 PM
As June finishes up, I just realized today that we have closed 8 short sale transactions this month!  Best month so far for us....
Is it because they have gotten easier or we have gotten better at getting them accepted.  I think it's a little bit of both.  They have definitely gotten easier in the past few months...we are now getting approvals with certain lenders in as little as 30 days!  With more and more short sales under our belt, we have gotten stronger in negotiating and escalating to get our files accepted!  It feels so good to help so many … (0 comments)

elk grove short sales: May 2010 Elk Grove Market update - 06/03/10 03:42 AM
Now that we are 5 months into the year, I thought it would be a good time to take a look at the Elk Grove real estate market statistics for 2010 thus far. 

 
As you can see from this chart, through April 2010, Elk Grove single family inventory the first few months of the year remained farily stable, while pendings have increased each month, but solds have been up and down.  For May 2010, closed escrows stands at 235...appears to be up just a little from April 2010, but down about 10% from May 2009.
So now let's look … (0 comments)

elk grove short sales: Buyer Beware - make sure to read your inspections - 03/30/10 04:58 PM
I recently closed an Elk Grove short sale where I represented the buyer.  An investor client of mine purchased the property.  He knew that there was a lot of work to be done - a couple of roof leaks, some dry rot on the front exterior, plus in need of new carpet, paint, and clean up.  We had a termite inspection done and the report showed approximately $4,000 in dry rot work needed.
Well, he starts cleaning it up...paints, orders carpet, tile, gets landscaping going, has roof repaired and then today he takes off the baseboards in the kitchen.  The home … (2 comments)

elk grove short sales: Short Sales - Top 10 Things Buyers Need to Know - 03/15/10 04:34 AM
With Short Sales being a higher and higher percentage of the market and Short Sales undoubtedly being the Market of the Moment for some time to come...there are many things buyers need to be aware of with these transactions. 
Here are my Top 10 Things Buyers Need to Know about Buying a Short Sale:
1.  Of course, I think we all know this one by now...even buyers.  Short Sales are not short!  They are a long and tedious, often times frustrating process for everyone involved.   There are a multitude of reasons for this, but some of them are - the workload … (1 comments)

elk grove short sales: Elk Grove Short Sale - 2 story home in Laguna just listed - 01/20/10 02:33 AM
Just listed!  This Elk Grove short sale is an unbelievable buy!  It's a beautiful home and in great condition!  Don't miss out on this one!  Won't last long at only $158,500!
7700 Gallatin Drive, Elk Grove  95758                          
Features:
3 spacious Bedrooms, 2 Bathrooms
Great room with fireplace
Formal dining area
Nook area or office area off of kitchen
Laminate flooring downstairs
Newer carpet & designer paint
Sunroom and great backyard


For a private showing of this home or more information, contact Lori Mode of Keller Williams Realty, (916) 230-0371 or email Lori at Lori@ModeandDurhaM.com.
 
 
What can … (3 comments)

elk grove short sales: Short Sales - information - 01/19/10 03:25 PM
Short Sales - there has been a lot written about it over the past few years.  I have written many blog posts regarding the short sale process and thought it would be a great idea to have a place to refer potential short sale sellers to so that they can take a look at what pertains to them.
Here is a list of the blogs I have written regarding short sales, the short sale process and questions most sellers have regarding short sales:
Short Sale Myths - what is reality?
Many Reasons to Avoid Foreclosure
Short Sale Hardship
Who Is Eligible … (1 comments)

elk grove short sales: Beware - Craigslist Scam - 01/06/10 03:44 PM
It appears that someone is using my Elk Grove short sale listings to run a rental scam.  In the past few days, I have had 2 phone calls from people wanting to rent my short sale listings and they saw the ad on Craig's List.  Of course, I hadn't run an ad on Craig's List for rental of these homes...I had however run a Craig's List for sale of this short sale listings.
The first call caught me off guard so I didn't really put 2 and 2 together.  However, by the second call, I was prepared with a list of questions … (8 comments)

elk grove short sales: Good Day Elk Grove - Predictions for 2010 - 01/03/10 08:25 AM
Welcome to our 2nd edition of Good Day Elk Grove....
 
In this edition Lori Mode & Bruce Durham, of Keller Williams Realty - Elk Grove along with Todd & Erin Newington of First Priority Mortgage make their predictions of the 2010 Elk Grove Real Estate Market.  Here a recap of the Elk Grove real estate market in 2009 and learn what is going on with our local market from top selling Realtors and Mortgage Planners who specialize in the Elk Grove area!
We are in a sweet spot right now... LOW interest rates - ROCK BOTTOM prices - TAX CREDIT for … (0 comments)

elk grove short sales: Elk Grove Market Statistics - November 2009 - 12/15/09 02:58 PM
The Elk Grove real estate market has been very active for the past few months.  We are continuing to see less inventory, multiple offers on most properties and homes selling very quickly - most in under 1 or 2 weeks!
Here are the numbers for the Elk Grove real estate market (95624, 95757 and 95758 zip code areas) -
We currently have 893 active residential lsingle family home istings in Elk Grove, with an average list price of $268,381.  Of these 893 active listings,  92 are REO's  (Real Estate Owned) or Bank Owned homes.  In addition 197 of these are Active Short Sale listings and 467 are Active Short … (0 comments)

elk grove short sales: Elk Grove Short Sale - just listed! 8250 Leesburg Way, Elk Grove - 11/08/09 04:01 AM
(2 comments)

elk grove short sales: Elk Grove Market Statistics - October 2009 - 11/04/09 01:49 AM
With the winter months quickly approaching and the first time home buyer tax credit looking as though it is going to be extended, what is our current Market in Elk Grove, CA doing????  With incredible interest rates, affordability at a 40 year low and tax credits still available, buyers have been busy - both first time home buyers and investors!
Here's the latest Statistical Summary for the Elk Grove, CA Real Estate market, based on data pulled on October 31st from California Metrolist
Active Listings:
There are currently 878 single family homes for sale in the Elk Grove area - this includes 95624, 95757 and … (1 comments)

elk grove short sales: Short Sale Myths - what is reality? - 11/03/09 05:22 AM
Short Sale Myths...there are so many fallicies surrounding the short sale process and I believe that tt is important that you understand the reality of the process should you find yourself in a situation where you might be considering a short sale on your home.
#1 - Buyers don't want to buy  Short Sale properties - This simply is not true. We have very low inventories currently and our short sale listings are receiving multiple offers within the first few days on the market. For buyers, short sales and foreclosures have become synomymous with "good deals". Many buyers asked agents to target … (1 comments)

elk grove short sales: Elk Grove Short Sales - 2 new listings! - 10/30/09 02:56 AM
We have just listed 2 new Elk Grove Short Sales!  Both homes are incredible buys for first time home buyers!
8716 Westknoll Drive, Elk Grove  95624                       
4 bedroom, 3 bathroom tri level with over 2200 square feet in Camden Park
Formal living & dining rooms, spacious kitchen with large breakfast/dining bar plus breakfast nook
Separate family room with fireplace
Indoor laundry room
1 bedroom and 1 full bathroom downstairs
Needs some TLC!  Listed at $199,000!
 
                        8250 Leesburg Way, Elk Grove
4 bedroom, 2.5 bathroom 2 story home 1862 square feet in wonderful Calvine neighborhood
Living/dining combination, family room … (0 comments)

elk grove short sales: Short Sales - questions to ask the listing agent - 10/25/09 03:45 AM
It seems as though I am hearing over and over again recently that buyers are not sure what is going on with their offer on a short sale listing.  I had an email from a buyer today asking if there was a way to find out from the bank if there offer has been received and is being negotiated.  After emails back and forth, it appears that this particular buyer chose to write their offer through the listing agent and the listing agent is not communicating with them.  How many times do we hear this?
Although there really is not a … (2 comments)

elk grove short sales: Elk Grove Real Estate Market Update - September 2009 - 10/13/09 01:37 PM
The Elk Grove real estate market has been very active for the past few months.  We have had less inventory, multiple offers on most properties and homes selling very quickly - most in under 1 or 2 weeks!
Here are the numbers as of today, October 13, 2009 for the Elk Grove area (95624, 95757 and 95758 zip code areas) -
We currently have 777 active residential listings in Elk Grove, of which 78 are REO's or Bank Owned homes.  In addition 201 of these are Active Short Sale listings and 482 are Active Short Sale Contingent, thus leaving only 16 … (0 comments)

elk grove short sales: Short Sales....Important questions answered - 10/13/09 05:21 AM
I have written a series of posts in the past about short sales, but thought it would be appropriate to post some other questions that I often get asked when we are working on a short sale for a homeowner. 
What kind of information will the bank ask for?
Each bank has their own separate set of forms that they can ask to be filled out. In fact if you have two loans the amount of information can be different between both banks. The types of information that can be asked for as follows: Signed hardship letter Copies of last 2-3 … (2 comments)

elk grove short sales: Elk Grove Short Sale just listed - beautiful 2 story in East Elk Grove - 10/12/09 06:59 AM
(0 comments)

elk grove short sales: Ever had a short sale that you thought would never close? - 10/12/09 03:04 AM
I believe that anyone who works on and closes Short Sale Listings has had one of these, but mine occurred last week and we finally got it CLOSED!  The trick with short sales is to never give up!  This one had it's own unique challenges, each one of course seeming as though we would not overcome it, but in the end we did and everyone is happy!
It began with an Elk Grove listing in the West Laguna area...beautiful 2 story home with a gorgeous pool and backyard.  The seller had not worked in the past year and had stopped making his … (6 comments)

elk grove short sales: Many Reasons to Avoid Foreclosure - 09/20/09 09:27 AM
If you are a homeowner facing financial difficulty, you will hear all sorts of things about why or why not you should let your home go back to the bank.  Some are true and some are not...some depend on your circustances...while some are just crazy.
I actually talked to a couple yesterday that was told by an attorney to stop making their mortgage payments, he would try to do a loan modification for them but if that didn't work they were better off letting the bank foreclose on the home than selling them home on a short sale.  I was appalled that … (4 comments)

elk grove short sales: Elk Grove Short Sale - single story with built in pool on cul de sac - 09/19/09 09:45 AM
(1 comments)

 
Lori Mode, Real Estate Made Simple (The Mode Real Estate Group)

Lori Mode

Real Estate Made Simple

Elk Grove, CA

More about me…

The Mode Real Estate Group

Address: 9250 Laguna Springs Dr., Suite 100, Elk Grove, CA, 95758

Office: (916) 405-5737

Mobile: (916) 230-0371

DRE License #00935148

Lori Mode of Keller Williams Realty, Sacramento Real Estate including Elk Grove and surrounding areas, including home listings, home prices, community information, local statistics, foreclosures and short sales.

If you ever have any questions, comments, suggestions, or anything else, please contact me using one of the methods below. Also be sure to engage in the conversations taking place within each post!




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