sacramento short sales: Sacramento short sales - Don't make these 5 mistakes!
- 10/11/11 02:16 AM
Sacramento homeowners facing foreclosure often times don't know where to turn. Hardships such as job loss, divorce, medical emergencies, predatory lending have left many homeowners unable to meet their mortgage payments. Many homeowners have attempted for months to do loan modifications with their lenders, just to be told they do not qualify. Don't make these 5 critical mistakes we often see homeowners make when faced with hardship.
1. Attempting a loan modification or short sale sale without consulting with a Sacramento Realtor and an Attorney before they start.
2. Not answering phone calls or opening mail from your lender.
3. Paying up front fees to … (0 comments)
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sacramento short sales: Sacramento Short Sale closed with happy seller!
- 02/25/11 03:07 PM
Another Sacramento short sale closed this week! It's very rewarding to close a Sacramento Short Sale because we are helping distressed homeowners avoid foreclosure. It feels great to successfully negotiate with the bank or bank(s). This Sacramento short sale was a Bank of America loan and was negotiated through the Equator system.
It was even more rewarding when the seller sent us the following note by email today -
"Andrea and I are so pleased to finally be done. We greatly appreciate all the work you all have done to help us with this short-sale. We have been extremely impressed with the level … (2 comments)
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sacramento short sales: Another Sacramento Short Sale sold and closed!
- 09/10/10 02:45 PM
We just closed another Sacramento Short Sale! This one had a first with Litton Mortgage and a second loan with Bank of America! It took approximately 4 months to get closed, but we did it! Sometimes when dealing with 2 different lenders, negotiating back and forth between them can be trying, but persistence pays off! This was also an investment property for our seller that they were way upside in!
Our sellers owed had purchased the property back in 2006 as a principal residence...well, their family grew and they needed a larger home, so this one was turned into a rental … (2 comments)
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sacramento short sales: HAFA Short Sales avoid deficiency judgement
- 08/31/10 05:22 AM
Sacramento Short Sale sellers you may qualify for a HAFA Short Sale. But first just what is HAFA?
HAFA is a government program that provides financial incentives to Homeowners (Borrowers), Services and Investors who utilize a foreclosure alternative instead of a foreclosure sale to transfer ownership.
What are the rules and guidelines for the HAFA short sale program? Do you qualify? Unfortunately, not everyone does.
Here are the basic HAFA requirements:
The property must be your principal residence The mortgage loan must be a first lien originated on or before January 1, 2009 The mortgage must be delinquent or default is … (0 comments)
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sacramento short sales: Sacramento Real Estate Trends
- 08/16/10 07:27 AM
Last week I wrote blog posts updating the Elk Grove real estate market trends...
Elk Grove Market Update - July 2010 and Elk Grove Market Update - comparison of the 3 zip code areas in Elk Grove
But today I want to put this in perspective as far as the overall Sacramento County real estate market
This graph measures the number of active listings on the market in Sacramento County, number of pending sales and number of closed sales for each month from May 2009 through July 2010. Inventory is up by 7.4% from the previous month, but up by … (0 comments)
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sacramento 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)
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sacramento short sales: Tahoe Park Short Sale - Just Listed - Great Buy!
- 04/11/10 03:33 AM
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sacramento short sales: Mather Short Sale - just listed - very clean and very affordable!
- 02/04/10 02:03 PM
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sacramento 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)
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sacramento 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)
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sacramento short sales: Elk Grove Short Sale - just listed! 8250 Leesburg Way, Elk Grove
- 11/08/09 04:01 AM
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sacramento 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)
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sacramento short sales: Sacramento Short Sale - Woodside Condo just listed
- 11/01/09 02:26 PM
Sacramento condominium located in wonderful gated community of Woodside East near upscale shopping, fabulous restaurants and entertainment centers plus close to Sacramento State Univeristy, and Downtown/Midtown Sacramento.
898 Woodside East #3, Sacramento
This condo is a Sacramento Short Sale...
It features a very popular flooplan with 2 spacious bedrooms,
1228 square feet, 2.5 bathrooms
large dining area, great room with fireplace,
kitchen with tile floors, new appliances, and oak cabinets,
Inside laundry area with washer and dryer.
It also includes a front patio area and a back patio/deck with storage. Also included is a much coveted covered parking space.
All of … (0 comments)
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sacramento 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)
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sacramento 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)
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sacramento short sales: Elk Grove Short Sale just listed - beautiful 2 story in East Elk Grove
- 10/12/09 06:59 AM
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sacramento 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)
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sacramento short sales: Short Sale hardship
- 09/26/09 10:42 AM
Are you having trouble with making your mortgage payments? You know that you have to have a hardship to qualify for a short sale with your bank...are you wondering if you have a hardship that will be acceptable for a short sale?
Here are a list of acceptable financial hardships:
Loss of a job Relocation due to employment Business failure Death of a spouse Death of family members Severe illness Damage to the property Divorce Separation Inheritance Medical bills Military service Increase of mortgage payment or mortgage adjustment Insurance or tax increase Too much debt Incarceration A hardship is NOT, that you … (5 comments)
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sacramento 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)
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sacramento short sales: Elk Grove Short Sale - single story with built in pool on cul de sac
- 09/19/09 09:45 AM
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Sacramento homeowners facing foreclosure often times don't know where to turn. Hardships such as job loss, divorce, medical emergencies, predatory lending have left many homeowners unable to meet their mortgage payments. Many homeowners have attempted for months to do loan modifications with their lenders, just to be told they do not qualify. Don't make these 5 critical mistakes we often see homeowners make when faced with hardship.
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