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

Folsom Category

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from James. Here is his question. “Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien. It could take another 60 days for Bank of America to agree to pay the lien. The buyers don’t want to wait that long. Is there anything we can do? James.” Here is...

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from James. Here is his question. “Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien. It could take another 60 days for Bank of America to agree to pay the lien. The buyers don’t want to wait that long. Is there anything we can do? James.” Here is...

Folsom-El Dorado Hills Short Sales: Do Short Sales Really Take 6-8 Months?

said November 28th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from John. Here is John’s Question. “I am trying to buy a short sale. I have been waiting on an answer to my offer for 6 months. The agent tells me we should have an answer any day. But, they’ve been saying that for a long time already. What should I do? John.” John, I think you should run for the hills. We see a lot of agents quote 6-8...

Why Folsom-El Dorado Hills Short Sales Sell For A Higher Price Than A El Dorado Hills Foreclosure

said November 15th, 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. 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 few examples. [caption id="attachment_1560" align="alignright" width="300" caption="Most Short Sales Are Well Kept Up And...

El Dorado Hills CA – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales. The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with the lender. If the listing agent is a genuine short sale expert and knows what they are doing, then you have a very good chance...

El Dorado Hills Short Sales: Bank won’t allow my seller to avoid short sale process

said November 7th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from another agent. Apparently they were being mislead on a short sale by a large national lender. Here is the question we received: “Do you have a number to contact Fannie Mae? The bank (Large National Bank) will not allow the seller to not do a short sale and agree to repay the loss on a promissory note. She said that she has to talk to the investor...

Folsom-El Dorado Hills Short Sales: Will My Lender Set The Price For My Home?

said November 1st, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Foslom-El Dorado Hills CA – The Stop foreclosure Institute recently received a question from Steve about short sales. Here was Steve’s Question. “I am interested in a short sale. I just have a few questions about how the process works. Does my lender set the price for the property. And, will that price include the realtor fee? Sincerely, Steve.” Here was our answer. Steve, in most cases the lender will not set the asking price for your home. In most cases,...

El Dorado Hills Short Sales: Should I Short Sale or Keep trying to Save the House?

said October 31st, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – We at the Stop Foreclosure Institute receive calls all the time that go something like this “I have fought the bank for year and half, and after paying thousands and thousands I have decided to short sale, can you help me”? Because of this, I decided to break down the reasons to short sale your home. In addition I added in a few reasons you should NOT consider A Short Sale: Do NOT Short Sale if the...

Folsom-El Dorado Hills Short Sales: How To Look At A Short Sale From The Lender’s Perspective

said October 31st, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – The Stop Foreclosure Institute received a few responses from yesterday’s blog post. Most of the questions went something like this. "I think a lender would be stupid to approve an investment property short sale for a wealthy person. If I was the lender I would sue them for the loss. Jan.” The bottom line is that people didn’t think a lender would allow a wealthy person to walk away from the debt on an investment property. Here are...

El Dorado Hills Short Sales: How To Publicize Your Lender’s Failings

said October 28th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – If you get annoyed at your bank, then here are a few methods you can use to let the world know about your lender's failings. One technique is a rip off report. Just put all the information onto www.ripoffreport.com. Just be sure to detail stuff that will hurt them. You will want to put the CEO’s name into your report. You can also put down keywords like "Lender Name Loan." When someone searches Google for your lender’s...