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 22nd, 2017

Contact John 530-306-3316

Folsom-El Dorado Hills Short Sales: Are Lenders So Desperate They Will Accept Any Offer?

said March 14th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money down. Myth #3: Lenders will accept any short sale offer even if it is for only 50% of what the home is worth. After all,...Read More

El Dorado Hills Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?

said March 14th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Many homeowners bought their home at the peak of the market. In the hardest hit areas, they paid $500,000 for homes that are not selling for $250,000 (or even less.) Their home is costing them $4,000 a month. (That is the total after paying property taxes and insurance.) Renters have moved into the neighborhood and are paying less than $2,000 to rent a comparable home. It just seems like these homeowners are getting an unfair deal all...Read More

What You Should Look For In A Buyer Of Your Folsom-El Dorado Hills Short Sale Property

said March 7th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – Short Sales can be tough. Many buyers don't understand the process and think that since it is a buyer's market, then they set the rules. That's not the case. You, the seller set the rules. After all, you still own the property. But, more importantly, you must set the rules for offers. If you don't then you dramatically reduce your odds of successfully short selling your property. Here is what you should think about before you take...Read More

El Dorado Hills Short Sales: Can I Short Sale My Upside Down Home?

said March 5th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Brent. Here is Brent's Question. "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a short sale? We would like to sell this property and get another property where we are not upside down. Thank you!” asked Brent. Here was our answer. Brent, there is actually a federal short sale...Read More

Another tip to improve the odds of your short sale offer being approved

said March 1st, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – If you are selling your home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter. The listing agent will submit that letter along with the short sale paperwork. With a little luck that letter will help “grease the wheels” and cause the short sale to be approved faster. Short Sale negotiators are human beings. They have emotions that can be touched...Read More

Will I Still Have To Pay Property Taxes If I Do A El Dorado Hills Short Sale?

said February 27th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul's Question. "I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Max." Here is the answer to Paul's Question: In most cases your lender will pay those property taxes. Property taxes are a first priority lien on a property. That means that if a property is...Read More

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

said February 25th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-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....Read More

What Would Dave Ramsey Think About A El Dorado Hills Short Sale?

said February 18th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Dorado Hills CA – You might have heard of Dave Ramsey. He has a popular radio program where he talks explains the benefits of getting out of debt. Dave is a zealot for the debt free life. "You don't need to see the inside of a restaurant unless you are working there", he will tell people in financial trouble that call his show. What does Dave recommend that someone should do in order to get out of debt? Reduce spending, eat at...Read More

Will I Still Have To Pay Property Taxes If I Do A Folsom-El Dorado Hills Short Sale?

said February 12th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul's Question. "I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Max." Here is the answer to Paul's Question: In most cases your lender will pay those property taxes. Property taxes are a first priority lien on a property. That means that if a property is...Read More

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....Read More