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 May 29th, 2017

Contact John 530-306-3316

Sacramento Category

108 Fargo Way, Folsom, CA 95630 * Sold

said May 15th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Great Home For First Time Home Buyer Or Investor! 1311 Sqft Home..4 Beds-2 Bath..Hard Wood Floors..Fire Place..Large Lot With Pool. Newer Roof..Schools are.. T Judah..Sutter MS...Folsom HS Beds: 4* Baths: 2 (1 1) (FH)* Sq Ft: 1311* Lot Sz: 0.1970ac* Area: 10630 Yr: 1959* Listing #12046438 $200,000 (LP) $215,000 (SP) Price/SqFt: 164.00 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...

Folsom Short Sale Question: How Long Do I Have To Wait After I Short Sell My Home To Buy Another Home?

said May 15th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – The Stop Foreclosure Institute gets asked this question quite a bit. The answer depends on the type of loan you are looking to use to purchase your next home. Here are the details on your options to buy another home after a short sale. Owner Financing. You can buy a home with owner financing anytime after a short sale, provided the home seller agrees to owner finance with your credit history. FHA Financing. (FHA is very popular because it...

How Do You Handle Multiple Offers On A Folsom Short Sale?

said May 8th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – The Stop Foreclosure Institute recently received a question from another agent. Here was her question. "I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you've already submitted one to the lender, does it reset your timeline to the beginning? Do you just put them in backup position? What about the poor buyer whose offer was...

Folsom Short Sale Question: Why Do I Have To Short Sale If I’m Willing To Repay The Debt?

said May 8th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – The Stop Foreclosure Institute recently received a question from another agent. Their seller had a misconception about what to do when selling an upside down home. Here is the question we received: “Do you have a number to contact Fannie Mae? The bank will not allow the seller to not do a short sale and agree to repay the loss on a promissory note. The seller wants to talk to the owner of the loan, which is...

Don’t Believe The Common Myth That El Dorado Hills Short Sales Are Difficult And Banks Never Approve Them

said May 3rd, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently talked to a homeowner whose home had been sold on the courthouse steps. We asked if she had considered selling the home as a short sale. “I did, but I heard that short sales are difficult and not worth trying. My friend told me that the banks never approve them”, she told us. After we got off of the phone, we reviewed what she had lost. She lost the opportunity to protect...

How To Contact Congress About Your Folsom Short Sale Or Loan Mod Taking Too Long To Be Approved

said May 2nd, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – A lot of people think that it is normal to wait 6-8 months for an answer on a short sale or loan modification. Bank of America, Chase, and several other lenders need to improve their response times. But, they won't do it without some prodding. They have the resources available to make the changes. Bank of America, Wells Fargo, JP Morgan Chase, and Citigroup are all currently profitable. We can get them to improve their process and response times on...

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened. Brandon’s Question: "My lender is tring to charge a 1% short sale processing fee to the buyer. Is that legal? The buyer is upset. They have stipulated that ONLY the buyer can pay the fee. This was never revealed until the short sale approval letter arrived. Brandon." Our comments on this. Yes, the buyer is upset. Buyers...

Folsom Short Sales: Why A Second Mortgage Is Willing To Negotiate On A Short Sale

said April 22nd, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – After yesterday’s blog post, I am sure that some people were wondering why a Second Mortgage or HELOC gets zero from a foreclosure. Let me explain why. When a property is foreclosed upon, it is auctioned on the courthouse steps. Let me give you a scenario where a homeowner owes the following on the property. First Mortgage is owed $200,000. Second Mortgage is owed $40,000. There is a HELOC (Home Equity Line of Credit) that is owed $100,000. (The home increased...

El Dorado Hills Short Sale Question: I’m Having A Hard Time Negotiating A Short Sale On A HELOC Loan

said April 21st, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question about short sales. Here is the question. “What is your experience with HELOCs? I have a HELOC that is a 2nd mortgage. The first mortgage will give them 6% or approximately $3000. The HELOC is saying that they want 30% ($30,000.) They won't budge. They want this in CASH, not as a promissory note (in case the seller does a bankruptcy.) They are telling me they will...

Another Common Myth About Folsom Short Sales: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

said April 18th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it's not true. Many homeowners have short sold their home and never missed a payment. The lenders will approve a short sale where the seller has not missed a payment when the following is in place. 1. The homeowner owes more on their home than it is worth. 2. The homeowner has a verifiable hardship that will force them...