Hayes Realty Group

John J Hayes Always stay on "PAR" with your real estate needs Serving Sacramento, Folsom, El Dorado Hills, El Dorado County      Monday June 26th, 2017

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Folsom Short Sales: Why Should I Short Sale? It Costs You Nothing

said December 10th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – This is a continuation of a former article about short sales. We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Short sales are worth the extra effort. They enable you to buy another home much faster than you would have to wait if you...

El Dorado Hills Short Sales: Why Should I Short Sale?

said December 7th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” When you are having a tough time financially, it may seem like you will never get back on your feet. But, most people do get back on their feet. They find another job...

El Dorado Hills Short Sales: Can I Short Sale My Investment Property Without A Deficiency?

said December 3rd, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Phil. Here is Phil's Question. "I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will the loan owner pursue deficiency? If yes, will they follow Florida or California law? Thanks, Phil.” Here was our answer. That is a legal question. Since I am not a lawyer I cannot answer it. I do know that you can usually...

El Dorado Hills Short Sale Question: Renters Trashed My House. What Should I Do?

said November 5th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it! I could rent the house out again, but I would have to spend several thousand dollars fixing it up first. What would you recommend that I...

El Dorado Hills Foreclosure Prevention: My house is in foreclosure. When will I have to move out?

said October 7th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Dave to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Dave asked, "I haven't made a house payment in a while. I'm just wondering how much longer it will be before I have to move out?" Most people in foreclosure are at a disadvantage because they how the process works. Here is the answer...

How To Use A Folsom- El Dorado Hills Short Sale To Stop Foreclosure

said October 7th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – There are many reasons to use a short sale to stop foreclosure. If you want to keep your home, then you need to attempt a loan modification. If you do not want to keep your home, then you need to consider your options. There are 3 options if you do not want to keep your home. Option #1: Do nothing and your lender forecloses on the house. Option #2: Deed in Lieu of Foreclosure. I don't recommend this...

Is It Ethical To Walk Away From Your Upside Down Debt After A El Dorado Hills Short Sale?

said October 6th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Should you walk away or should you stay? Here is how to determine whether or not you should walk away from your home. Because of the decline in the nationwide housing market, I doubt that your home is worth what you paid for it. First, determine the current market value of your home. Talk to a realtor. They will give you a market analysis, based on what other homes similar to yours are selling for. For example, we...

Strategic Default Or Folsom Short Sale. Which Is Better For You?

said October 1st, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – If you are upside down, then you might be tempted to walk away. You'll mail your keys to the lender and move out. Before you move out, I have some important information to tell you. You should stay in the house for as long as possible. In fact, the average length of time you can live for free is 461 days. That number is a statistic I've seen lots of people throw around. I just tried to Google the official...

How Do I Get Back On My Feet After A El Dorado Hills Short Sale?

said September 19th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You find yourself thinking, "When is the bank going to kick me out? "How will I pay back that huge debt?" "When will I ever be able to stop worrying about money?" "I remember when I did not worry about money. How did I do that?" All of these thoughts and more run through your head. A short sale helps you stop...

How Do I Get Back On My Feet After A Folsom Short Sale?

said September 19th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You find yourself thinking, "When is the bank going to kick me out? "How will I pay back that huge debt?" "When will I ever be able to stop worrying about money?" "I remember when I did not worry about money. How did I do that?" All of these thoughts and more run through your head. A short sale helps you stop worrying. Most...