It very nice to see a break in the warm weather and even to get a bit of rain but I am happy to see we will be getting some nice warm days this week as we move deeper into October.
Over at MagnumOne Realty we had a strong past week with some new listings and some nice escrow closings. One of the joys of this business is to complete a sale for my clients and this past week it was fun to see my customers from the southern part of the state move into their new home here in Roseville.
Even with bailout legislation we are still anticipating seeing the Sacramento area foreclosures continuing to be a significant part of our local real estate market. This means we will continue to help clients avoid foreclosure by representing them on short sales in Sacramento. I will be adding three new short sale listings during the next week.
Our team is getting very good at working with the lenders to get these short sales completed but there is nothing easy about the process. One of our short sales is being caused by the seller being transferred out of state to maintain employment. For some bizarre reason their lender, who has the completed short sale package we prepared, sent the loan to HOPE where they specialize in finding a way to keep the homeowner in their homes by restructuring the loan. When they have to move to keep a job, this is not exactly what they need and could cause a delay of up to two weeks in getting an answer to our short sale request. Even when you call the lenders as often as we do to keep the process on track, some still find ways to "drop the ball."
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