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

Contact John 530-306-3316

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Another Reason You Must Hire An Experienced El Dorado Hills Short Sale Realtor

said June 16th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The way that most lenders handle short sales is very weird. They have a strange policy of demanding that all home buyers close on their home purchase within 30 days of them approving the short sale. The sad truth is that you can only push home buyers so hard. On a traditional sale many people wait 2-6 months for their home to sell. Most buyers agree to close within 30 days. The biggest reason for a closing...

Are El Dorado Hills Short Sales Really That Difficult?

said June 14th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Remember the first time you drove a car? Was it easy? No, it wasn't. The first time we drive we have both hands on the wheel and are looking in every direction. We are focused on the road ahead to make sure we don't have an accident. After we have been driving for a while we start to relax. "Driving isn't so hard after all", we think to ourselves. After a little practice some people are eating,...

How We Convince A Lender To Approve A El Dorado Hills Short Sale

said June 12th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – In yesterday's blog post we explained why some realtors consider short sales to be a "nightmare." Then, we explained how we do to inform the actual loan owner of the lender's negligence. Today, we'll explain how this works if the lender owns the loan in house. After all, there is no third party loan owner who will hold the lender accountable. Here is what you do in this situation. First, contact the CEO. We have a solid...

Are El Dorado Hills Short Sales Really A Nightmare?

said June 11th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – I read a blog post by another agent the other day. He had a long story about a short sale that he worked on that was so difficult. He said the lender sent him a form on Friday. On Friday afternoon they demanded that he send them back a form signed and notarized by the sellers. He sent it back to them on Saturday. On Monday they closed the short sale file because they hadn't received the...

Why Are Some El Dorado Hills Foreclosures and Short Sales Being Sold With Tenants Still In The Property?

said June 7th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – A person recently asked me about how the banks foreclose on properties with a tenant living in it. "Why would a bank go to the trouble of a foreclosure if there is already a tenant in the house paying them?", they asked me. That's an interesting question. I think that the reason this happens is because the banks are not in the real estate business. They don't want to deal with collecting rents, handling evictions, and all...

El Dorado Hills Short Sales: How We Overcame The Odds To Make This Short Sale A Success

said June 6th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Here is a success story on a short sale that the Stop Foreclosure Institute worked on for a long time. This was a very difficult short sale and it dragged out for over a year. The reason that this short sale drug out for such a long time is because the short sale lender thought that the house was worth more than its actual value. Imagine that you were a bank losing hundreds of thousands of dollars...

El Dorado Hills Short Sales: A Short Sale Success Story

said June 6th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Here is a success story about a short sale that the Stop Foreclosure Institute worked on. We recently closed this short sale and helped the seller avoid a big deficiency judgment. Ed & Cathy bought their house at the top of the market in 2005. It had dropped in value and they couldn't afford the mortgage payment anymore. We listed the home and started the short sale negotiations with the lender. The lender was a credit union....

Do Banks Want To Do El Dorado Hills Short Sales?

said June 4th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say. "Hi, I am a Real Estate Agent. You have some good information on short sales. But, is it written assuming that banks actually want to do short sales. I have worked on a particular short sale with a large national bank. We started on it seven months ago. They sent out an appraiser a couple of months ago. Then, they said...

El Dorado Hills CA – Yesterday we discussed how to avoid getting into a jam on short sale negotiations when there is two mortgages on the property. We received a question from another agent on short sale negotiations. Here was their email. "I have been working on a file with two mortgage. The second mortgage wants $7,500 or they won't approve the short sale. The first mortgage will approve the short sale, but they aren't willing to pay the second mortgage a dime....

How To Avoid Getting Into A Jam With Second Mortgage Negotiations On El Dorado Hills Short Sales

said May 30th, 2012 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – We received a question from another agent on short sale negotiations. Here was their email. "I am having a problem on a short sale and would like to know how to avoid it next time. The first mortgage gave me a price and a net they would allow. The home sold for enough money to get them the price and their minimum net they said they had to have. We put together the closing statement with the...