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 September 22nd, 2017

Contact John 530-306-3316

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El Dorado Hills Short Sales: I Want To Short Sale And Buy A New Home. What’s The Best Way To Do That?

said July 16th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – In the field of real estate buying a new home while short selling an old one is not an easy task. The reason that banks allow you to short sale and walk away from the debt is to benefit the bank, not benefit you. Banks approve short sales because they see it as a way to cut their losses versus a foreclosure. They do not like it when people short sell to benefit themselves and walk away...

El Dorado Hills Short Sales: Don’t Go To Jail by Making This Short Sale Mistake

said July 16th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Short selling a home is not always an easy task. Many people make a number of mistakes, inadvertently, not knowing of the legal repercussions that follow. If you are someone interested in selling their house via short sale, then you should be aware “buy and bail”. Buy and bail is a mistake some short sale sellers make by purchasing a new house and walking away from the old one because it is 'underwater.’ This is a method...

A Common El Dorado Hills Foreclosure Myth: I Can’t Short Sell Because The Bank Already Foreclosed On My Home

said July 6th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Many homeowners do not understand the foreclosure process and how it works. A recent story I heard illustrates this. A homeowner's lender told them that a foreclosure auction date had been scheduled for their home and that they should move out. The homeowners moved out a few weeks later. Three years later they notified of a lawsuit against them. Someone had tripped on their sidewalk and hurt themselves. They were suing the homeowner because they were still...

A Common El Dorado Hills Short Sale Myth: Negotiations With The Bank Are Adversarial

said July 2nd, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Lenders are misunderstood when it comes to a short sale. Some people think that lenders prefer a foreclosure over a short sale. This is not true at all. Lenders actually lose out when they foreclose on a house. Remember, your lender prefers the option that will net them the most money possible. They prefer a win-win situation a short sale offers. The lender knows that they are losing money and expect to suffer a lost. They just...

Is It Ok For A Buyer To Write Five Contracts On Different El Dorado Hills Short Sale Properties In The Hopes That One Will Get Accepted?

said June 28th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Yes, it is legal for one to place multiple offers on many properties. But, it is also risky. Whenever a short sale is approved the home seller will accept the buyer to actually buy their home. So what happens if two short sales are approved at the same time? They will be very unhappy when they find out that the buyer is unable to buy their home. The buyer will probably lose their escrow deposit. In addition,...

What Is A Legitimate Hardship For A El Dorado Hills Short Sale?

said June 22nd, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – A hardship is definitely an adversity. Anything that affects you in a negative way is considered to be a hardship. The only thing is that these hardships have to be explained to your bank. Your hardships have to be explained to the bank in a Hardship Letter. As the name suggests, you have to highlight and explain your hardship matters to the bank in this letter. In some cases, you might also have to attach some documents...

A Few Mistakes To Avoid When Short Selling Your El Dorado Hills Home

said June 21st, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Short sales are confusing. Many people do not understand the necessary steps to successfully short sell a home. The first priority is to find an agent with prior short sale experience. The more experience the better. They will know the necessary steps to help you short sale. Unfortunately, many agents do not have much short sale experience. If you want to successfully short sale your home, then avoid hiring an agent who is not experienced with short...

Are Buyers Interested In Buying A El Dorado Hills Short Sale Property?

said June 20th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Are you thinking about buying a short sale? Many people would gasp, or look at you sympathetically, if you told them you were buying a short sale. Some of them would probably warn you about the drawbacks of buying a short sale - one of which would be the waiting period for the short sale to be approved by the mortgage holder. There is usually an agreement between the home seller and their mortgage holder whereby the...

A Common El Dorado Hills Short Sale Myth: I Can’t Short Sell My Home Because I Don’t Have Any Money To Pay The Realtor

said June 19th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – A number of myths have hurt the reputation of short sales. There is a common misconception that a short sale seller is unable to sell his house due to the inability to pay a realtor. You can short sell your home and it costs you zero out of pocket. How is that possible? Your bank will pay the realtor for you. Here is how it works. A seller puts their home up for sale as a short...

Can I Short Sell My El Dorado Hills Home If It Needs Repairs?

said June 18th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Yes, there is absolutely nothing stopping you from selling your home even if it requires repairs. Some realtors will make an issue out of leaking pipes or other problems. The truth is that the short sale lender doesn't make a big deal because they know that they have to sell the home. They will either sell it as a short sale, or after a foreclosure. One way or another it is selling. Just because you can sell...