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

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El Dorado Hills Short Sales: Could A Homeowner Collect Damages From Their Lender After A Foreclosure?

said October 16th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Here is a quick recap of what I recommended Arman do. Step #1: Call up IBM and demand a written letter explaining why they are declining the short sale offer. Step #2: Write down what you project your damages are going to...

El Dorado Hills Short Sales: Another Success Story

said October 12th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA's short sale guidelines. Here was how these sellers benefited from the short sale. Benefit #1: The sellers were able to walk away with the debt wiped out completely. The FHA short sale guidelines released them from the first mortgage debt. The...

What is my house value in Folsom Ca

said October 10th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

What is my house value in Folsom Ca Click Here 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 in loan modification assistance and short sales in El Dorado Hills California. El Dorado Hills Loan Modification Help, El Dorado Hills Short Sales. El Dorado Hills Short Sale Realtor. Sacramento CA Loan Modification Help, Sacramento CA Short Sales. Sacramento CA Short Sale...

Why Lenders Approve El Dorado Hills Short Sales When A Borrower Is Current

said October 2nd, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – It sounds weird that a lender would approve a short sale when a homeowner is current on their payment. There is a logical reason that they do it. Let me explain. Let's look at a person who owes more than their home is worth and moves for a job transfer. Their lender does not approve their short sale. The lender tells them, "We granted the loan thinking you were a credit worthy borrower. We expect you to...

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...

A Common El Dorado Hills Short Sale Myth: Banks Don’t Approve Short Sales Because They Don’t Want To Admit Their Losses

said September 17th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – I've heard the following myth from a lot of people. I've even seen this myth publicized in newspaper articles and quoted by so called financial experts. Here is what people tell me. "The banks can't afford to approve loan modifications because they don't want to take the losses on their books that fast. Also, their investors may not approve the short sale, because they can't afford to write off too much loss at once. And the circle goes...

How A Folsom Short Sale Can Help Save The Folsom Housing Market

said September 13th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Short Sales and foreclosures have a big impact on home values. But, how they affect them varies dramatically. Every short sale helps stabilize the housing market. The reason is because short sales sell for much more than a foreclosed property does. Most short sales have a homeowner who still lives there. The homeowner has kept the home in good shape. They mow and water the lawn, trim the bushes, and keep up on the house. Now, let's contrast this...

How To Write A Hardship Letter For A Folsom Short Sale

said September 3rd, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – A hardship letter is one of the most important items in a short sale. This is your opportunity to explain why your lender should approve your short sale and let you walk away from the debt. In clear terms, you need to layout exactly why you can no longer afford to keep the property. Under no circumstance should you say any of the following. * "I don't want the house anymore." * "It doesn't make sense to keep the house because...

El Dorado Hills Short Sales: How Your Bank Benefits When They Approve A Loan Modification You Can Afford To Pay

said September 2nd, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – There is a hidden secret in the foreclosure business. Many lenders are losing money by turning down loan modifications. Here is how it works. A borrower offers to pay his lender the monthly payment for a $400,000 mortgage. The lender turns it down and forecloses on the home. They put the home on the market and it ends up selling for less than $400,000. If it sells for $350,000, then we could easily argue that...

The Pros And Cons Of A Folsom Short Sale

said August 27th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – There are many benefits of a short sale. Many people don't see the benefit. They don't do anything to avoid foreclosure and let their bank foreclose. Benefits of a Short Sale: 1. A short sale often allows the seller to walk away owing nothing. You are often able to negotiate away all the debt. Banks know they will net more money with a short sale versus foreclosure. In fact, a recent study showed banks would net 20% more money...