Hayes Realty Group

John J Hayes Always stay on "PAR" with your real estate needs Serving Sacramento, Folsom, El Dorado Hills, El Dorado County      Saturday August 19th, 2017

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Market Trends/Values Category

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

said February 8th, 2014 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 investor pursue deficiency? If yes, will they follow FL or CA 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 short sale...

Why January is a great time to buy a home

said January 23rd, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – If you are looking to buy a home, then you probably want to get the best deal. January is the best time to be purchasing a home. Let me explain why. A lot of people put their homes on the market in January. In addition, there are very few people looking to buy a home in January. This is because most of the people transferring for a job have already bought a home. Their companies want them...

Folsom-El Dorado Hills CA – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth. The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that? Until the lender forecloses on the home the home owner is in the driver’s seat. They “own” the property...

El Dorado Hills CA – Many agents and buyers are scared of short sales. Here is something that I do to make the short sale process easier for the home seller. Before I start negotiations with your lender, I will order a complete title search. Here is why I do that. I want to know all the costs upfront, before I give the bank a number. If I don't do this, then the short sale lender will approve the short sale at...

Folsom-El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Tamra. She is buying a home and her agent is trying to talk her out of short sales. Here is Tamra’s question. “I am looking to buy a home. Some of the best priced properties are short sales. However, my agent won’t show me these homes. She keeps on telling me the prices are lower than the lender will accept and that short sale never close. What should...

Yes, Banks Are Approving Short Sales in El Dorado Hills-Folosm

said January 22nd, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example. The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house. Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago. The bank did an appraisal....

5730 Gelston Way, El Dorado Hills, CA 95762 OPEN HOUSE 1/12/2014 1-4PM

said January 12th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Just Simply Amazing Single Story Home In Serrano. This Newly Remodeled Home Has A Lot To Offer. 3/4 Beds..2.5 Baths..2457 Sqft.. Single Story..Corner Lot..Newly Refinished Cabinets..Stainless Steel Appliances..Granite Counters..Hardwood Floors..Large Pool With Water Fall..Stamped Colored Concrete..Come See For yourself! Listing #13067717 $530,000 (LP) Beds: 3-4* Baths: 3 (2 1) (FH)* Sq Ft: 2457* Lot Sz: 0.2860ac* Yr: 2005

Folsom-El Dorado Hills Short Sales: Even The Rich Are Being Foreclosed

said January 10th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-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...

El Dorado Hills CA – It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating. A good example is a guy I will call Seth. Seth has perfect credit. He has worked to keep perfect credit for the last 12 years. Seth has a several credit cards with high balances. He ran the balances up when the economy was strong. Today, he can barely afford to make...

El Dorado Hills CA – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year. The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they can’t go after you for any upside down debt. The only thing a lender gets in a Chapter 7 Bankruptcy is any collateral they have...