Hayes Realty Group

John J Hayes Always stay on "PAR" with your real estate needs Serving Sacramento, Folsom, El Dorado Hills, El Dorado County      Friday July 21st, 2017

Contact John 530-306-3316

Buyer Info Category

El Dorado Hills Short Sales: Even Billionaires Are Facing Foreclosure

said February 11th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – This is good news or bad news, depending on how you look at it. Here is the good news. If you are a little guy having financial problems, then you are not alone. Even Billionaires are being foreclosed on. One billionaire real estate developer in Florida had several projects foreclosed on. Another very well known real estate developer is having to re-negotiate mortgages on his investment properties. Even a woman who was married to a man who was...

Another Example Of Folsom Short Sale Lenders Attempting To Abuse Their Power

said February 10th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – The Stop Foreclosure Institute recently received a question from Durry. Here was Durry’s Question. "We have American Home Mortgage Servicing, a loan processor for a Mortgage held by Deutche Bank, adding a 1% “processing fee” that ONLY the buyer can pay at closing. This was never revealed until we received the short sale approval letter. The buyer is upset.” Durry. Here was our answer to Durry’s Question. Yes, the buyer is upset. Buyers think they are in control in today's...

El Dorado Hills CA – People often wonder why their lender will release their debt in a short sale.

said February 9th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – People often wonder why their lender will release their debt in a short sale. Most lenders don't like to release the debt. But, they agree to do it because they know that policy nets them more money. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let's go thru a...

136 Stonington Way, Folsom, CA 95630

said February 8th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Click Here For More Pictures And Info: Great Location In Lexington Hills. 2020 Sqft 4 Bed 2.5 Bath..Master Bed Down Stairs..Fire Place..New Roof..Refinished Hard Wood Floors..Open Kitchen..3 Car Garage.. Backing Up To Park Trails. Schools are: Oak Chan--Folsom MS--Vista Del Lago Thanks for reading this, John J Hayes. John J is a Real Estate Agent at RE/MAX Gold. Phone: 530-306-3316. [email protected] "Hard Work and Dedication" View My homes for sale at www.johnhayesrealestate.com/home-search. John Hayes specializes in loan modification assistance and short sales in El...

Folsom Short Sales: How One Agent Beat The Odds For Short Sale Success

said February 7th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Sometimes it seems like short sales are tough. “Don’t try to short sale your house. Short Sales never go thru”, people tell you. That isn’t true. Here is how one agent beat the odds. A member of the Stop Foreclosure Institute told me about a short sale he recently worked on. Here is the story from the member. “I had a short sale with a large national lender. The loan was owned by Fannie Mae, not the lender. We had...

A Little Known Fact About Folsom Short Sales

said February 7th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Sometimes it seems like short sales are tough. “Don’t try to short sale your house. Short Sales never go thru”, people tell you. You see, we've spent the last few years figuring out all the guidelines for short sales. If the loan being shorted is an FHA Loan, VA Loan, Fannie Mae Loan, or Freddie Mac Loan, then the guidelines for the short sale are different. In this case, the loan being shorted was an FHA loan. Here's what happened. FHA...

Folsom Short Sales: This Short Sale Negotiator Isn’t Doing His Job

said February 4th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Here is a question that the Stop Foreclosure Institute recently received. "I am in the middle of a very long negotiation with Chase. The seller had me to put a clause into the contract stating “upon approval of short sale by seller’s lender, lenders, & or affiliates, client, or heirs will be released from any monetary shortages or deficiencies from said sale of stated property upon successful closing and transfer of title from that date and forevermore.” The...

Folsom Short Sales: Why It Is Cheaper To Short Sale And Rent Versus Staying

said February 4th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification. They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible. Many homeowners bought homes for more than they are selling for today. A perfect example is a homeowner that paid $450,000 for a home. His mortgage...

What Is A BPO And Why Does It Matter On A Folsom Short Sale?

said January 26th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Some agents hate short sales. Why? Because they don't understand them. So, don't believe them when they tell you that short sales are impossible. I will explain what causes their problems in today's post. There are two things you must understand if you are doing short sales. They are BPOs and HUD-1s. A BPO is what the short sale lender uses to determine the value of the property. BPO stands for "Broker's Price Opinion." They are what another real estate...

What Is A HUD-1 And Why Does It Matter On A Folsom Short Sale?

said January 26th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD. A HUD-1 is a document regulated by HUD. It is the financial accounting for a real estate sale. Here is why it is important to a short sale. Before a short sale lender will accept a short sale, they want to know what they will...