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El Dorado Hills Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost”
El Dorado Hills CA – Most of the short sale sellers that we help are selling this home because of financial problems. They can't afford the payments and sell their home to avoid foreclosure. Because of this I am very familiar with helping my customers who have financial problems. Many of them are struggling to buy groceries, keep the power turned on, and pay for gas to get to work. They are struggling to pay for the necessities just to survive and...
Here’s Proof That Your Bank Actually Wants You To Short Sale Your El Dorado Hills Home
El Dorado Hills CA – A recent article in the Tampa Bay Times shows how much lenders prefer short sales to a foreclosure. It discussed how Bank of America recently came out with new short sale incentives. Bank of America is willing to pay borrowers up to $30,000 for moving expenses to short sale their house. I doubt that many homeowners will receive $30,000. Most will receive the lower amount of $2,500. But that is still better than repaying your lender thousands...
El Dorado Hills Short Sales: Why Do Bank Negotiators Break The Rules?
El Dorado Hills CA – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules. This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow FHA’s Specific Instructions on how to handle the short sale. Here's what happened. FHA sends all of the lenders who handle their loans a letter called...
El Dorado Hills Short Sale Deficiencies On “Sliced & Diced Loans?
El Dorado Hills CA – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans. Here is how that happened. John gets a loan from ABC Bank. ABC Bank is running out of money to lend out. So, they sell 1,000 of their mortgages to Goldman Sachs. Goldman then securitizes that bundle of 1,000 mortgages...
RE/MAX Highest in Customer Satisfaction J.D. Power: John Hayes
In the 2011 J.D. Power and Associates Home Buyer/Seller Study released today, buyers and sellers award RE/MAX the highest rankings in customer satisfaction. It’s clear: RE/MAX Associates are the ones consumers trust most to guide them through one of the most challenging real estate markets ever seen in the U.S. View the buyer survey results View the seller survey results "I want to personally thank and congratulate every one of you for contributing to this prestigious recognition," says RE/MAX Chairman and Co-Founder Dave Liniger....
Folsom-El Dorado Hills Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender
Folsom-El Dorado Hills CA – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal. Ask your realtor “Hey, what are houses in my area selling for?" I've seen people who bought a house for $500,000. Guess what’s it selling for today? $300,000. If your house has had a 40% drop in value, then you shouldn’t be paying a mortgage payment based on a value of $500,000. You should be paying a mortgage...
Another Example Of Just How Lousy A Folsom-El Dorado Hills Loan Modification Is For You
El Dorado Hills CA – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home? People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much money as possible. Here is an example of a homeowner that accepted a forbearance agreement with their lender. The homeowner was desperate to keep his home...
How To Get Your Finances Back On Track After A El Dorado Hills Short Sale. Buy Rental Property
El Dorado Hills CA – Buying a rental property can be an excellent long term investment. Some of the wealthiest people I know made their millions from rental properties. They started with a house and gradually moved up to apartment complexes. But, does it make sense for everyone? Most definitely not. Rental properties are not for the faint of heart. But, if you have ever considered rental properties now is a great time to get started. The market is close to the bottom,...
The Biggest Mistake Buyers Make When Buying A Short Sale
El Dorado Hills CA – We get all sorts of questions from buyers trying to purchase short sales. "We made an offer on a short sale almost 2 months ago. We haven't heard anything back from the bank. Why won't they approve my offer?", they ask us. So why do some buyers wait for 2-3 months and never get a response on their short sale offer? Are the banks really that bad? Here is the answer to those questions. In some cases the...
Step Three to Get A El Dorado Hills Short Sale Approved In 90 Days Or Less
Today, we're going to explain Step 3: Find out the BPO value. El Dorado Hills CA – We are explaining the steps to approving a short sale in 90 days or less. This seems fairly simple. But, most agents never find out this number. as a result, they don't know why their short sales are not being approved. We talked to another agent a little while ago. "I've got 5-6 short sale files under contract. But, none of them are being approved." "The...
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2340 E. Bidwell St
Folsom, CA 95630
Office: 916-984-8778
Direct: 530-306-3316
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