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 April 28th, 2017

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Short Sales Category

El Dorado Hills Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

said September 2nd, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation. That is like saying that there are no traffic laws. If that were the case, then everyone could drive 100 MPH and never get a ticket. That is like saying that the court system has no rules. (Go ask a...

Folsom-Shingle Springs-El Dorado Hills Short Sale Question: Can I Short Sale If My House Is Already In Foreclosure?

said August 18th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-Shingle Springs-El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Dave. Here was his question. “I would like to short sale my house. However, the foreclosure has already started. I don’t know how soon the bank is going to come and kick me out. Can I still short sale? Or, is it to late? Dave.” Here is the answer to his Question. Dave, yes you can still short sale your house. It does depend on how far along...

Fixing Credit After A Folsom- El Dorado Hills Short Sale Step 9: Rinse & Repeat

said June 10th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – If you have a foreclosure or short sale on your credit report, then it will lower your credit score quickly. In the near term, the decrease will be much more than it will be a few months down the road when it starts to inch its way back up. The credit reporting bureaus weigh the most recent activity more heavily than the distant past. Taking action now to build up the most recent activity is a great...

The First Step To Fixing Your Credit After A Folsom-El Dorado Hills Short Sale

said June 1st, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – One of the common reasons that people are concerned about a foreclosure or short sale in their history is because they are concerned about their credit score. While it’s true that your credit score will be adversely affected by these items, it is also true that you can move past blemishes on a credit report. You may want to consider doing some credit repair or credit restoration. It isn’t hard to do, and when taken step by...

Does My Folsom-El Dorado Hills Short Sale Have To Be Approved Before I Put It Up For Sale?

said February 12th, 2014 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. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. I am concerned that they might do that when I finally sell the property and I’ll never get the short sale approved.” Here was our answer....

How Long Does It Take For My Credit To Recover After A El Dorado Hills Short Sale?

said August 14th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills [state(acronym)] – The Stop Foreclosure Institute recently received a question from Sammy. Here was his question. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. "I like your blog post about how to get out of paying a deficiency. However, how long will it be on your credit report before your life goes back to normal? I would like to resolve the deficiency but the attorney/collector doesn't seem willing to budge from the...

Why Do Some El Dorado Hills Short Sales Fail While Others Succeed?

said August 5th, 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 James. Here was his question. "I’ve heard that there is a 70% failure rate on short sales. Is that true? If so, then why do so many short sales fail? James” Here is the answer to his question. Yes, a lot of short sales do fail. However, those statistics are for individual short sale offers submitted to lenders. If the first offer on a short sale is turned...

Why Didn’t My Offer To Buy A El Dorado Hills Short Sale Get Accepted While Another Buyers Offer Was Accepted?

said July 26th, 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 Jonathan. Here was his question. “I am looking to buy a short sale. The seller wouldn’t accept my offer. My agent told me it was because the short sale lender has told them they wouldn’t accept the offer. I am a cash buyer and can’t understand why they wouldn’t take my offer. Why do some buyer’s offers get accepted while others are declined? Jonathan.” Here is the answer to...

El Dorado Hills Short Sale Question: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

said June 27th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting. We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The good news is that if FHA considers something a hardship, then it is likely that most lenders agree. Here is the list of things...

Step 5 To Fix Your Credit After A Folsom Short Sale: How To Mail The Letter

said June 14th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Once your strongly worded credit report dispute letters are written to each of the three credit reporting companies, then it is time to get it into the hands of their dispute department. The goal is to get your letter read, taken seriously, and responded to. **Make sure you make a copy of whatever you are sending to the credit bureaus.** Just keep all your credit reports, letters, etc. in a file so you can use these later (this will...