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Folsom-El Dorado Hills Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore
Folsom- El Dorado Hills CA – What a relief! You can now short sale your home and not feel like a loser. In fact, it's becoming the "cool" thing to do. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. I recently read an article about how Medicare was costing way more than the government had projected it would cost. The article stated that there were several stages of how these programs work. First, people who are...Read More
Folsom-El Dorado Hills Short Sales: Why Persistence Is So Important In Success At Short Sales
Folsom-El Dorado Hills CA – In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Then, that person orders an appraisal on the property. After that appraisal comes back, the bank employee reviews the...Read More
More Examples of Stupid Things Banks Do On Short Sales In Folsom-El Dorado Hills
Folsom-El Dorado Hills CA – We received an email from another agent named Mark that shows how the flawed short sale process causes banks to lose thousands. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is the email from Mark. "I have been working on a Short Sale for almost a year now. The abandoned Home was listed at $103,000 in the beginning. The price was unrealistic for a virtual tear-down built in 1860....Read More
El Dorado Hills Short Sales: Some of the Stupid Things Banks Do On Short Sales
El Dorado Hills CA – I have something shocking to tell you. Bankers are not as smart as you or I think they are. You know the "perfect banker" that we meet in public. The person has never missed a payment, never been late, and has always had a bunch of savings in the bank. They sneeringly look down on normal Americans that haven't saved their money like Scrooge Chuck. Click here to discover how other sellers successfully did a short sale...Read More
Mather Short Sales: Bank of America Still Has Huge Problems
Mather CA – In 2010, an agent I know talked to the person at Bank of America in charge of the Loss Mitigation Department. He was the top manager in the department that handles short sales, loan modifications, and foreclosures. He contacted this agent because agents were banding together to educate the public on the mistakes he thought that Bank of America was making. Today, almost 2 years later, Bank of America is starting to make a few, small changes to the...Read More
Folsom-El Dorado Hills Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy
Folsom-El Dorado Hills CA – The National Consumer Law Center wrote a White Paper on how banks handle loan modifications, short sales and foreclosures. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They titles their White Paper "Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer Behavior." Check out the White Paper at this link: http://www.nclc.org/images/pdf/pr-reports/report-servicers-modify.pdf. The "servicer" they are referring to is a bank that is handling a mortgage for another entity. As...Read More
4001 Wimbledon Dr, Diamond Springs, CA 95619
GREAT FIND IN DIAMOND SPRINGS 1338 SQFT 3-4 BEDS 2 1/2 BATHS..LARGE LOT..HARD WOOD/TILE FLOORS VERY CLEAN HOME...CLOSE TO SHOPPING.. GREAT HOME FOR FIRST TIME HOME BUYER OR INVESTOR. Beds: 3-4* Baths: 3 (2 1) (FH) Sq Ft: 1338* Lot Sz: 0.097ac* Yr: 2004* Listing #12010003 $150,000 (LP) Click Here To View More Pictures 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...Read More
Folsom-El Dorado Hills Short Sales: What To Look For In A Buyer’s Offer
Folsom-El Dorado Hills CA – Short sales often get multiple offers from different buyers. Which offer should you accept over the others? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Most people would assume that you would automatically pick the offer with the highest price. However, this isn't always a good idea. The offer with the highest price may have the shakiest financing. Most short sale lender issue a deadline when they approve a short sale....Read More
Folsom-El Dorado Hills Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?
Folsom-El Dorado Hills CA – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner. Many homeowners look at this as the best way to get their loan balance reduced. "I owe 400k, my house is worth 200k, and the bank won't reduce the amount I owe on a loan modification. I'll just...Read More
Folsom-El Dorado Hills Short Sale Question: Can I short sell my house and rent from the new owner?
Folsom-El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Roberta. Here was her question. "A company has talked to me about short selling my home to them and they will then rent it back to me. They will allow me to buy it from them after my credit is repaired a few years down the road. This sounds too good to be true. Am I going to get in trouble with my lender if I do this?...Read More
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2340 E. Bidwell St
Folsom, CA 95630
Office: 916-984-8778
Direct: 530-306-3316
About John
CA DRE#01709600
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Short Sale FAQ
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