Folsom, CA

Local St. Patrick’s Day Fun Runs in Sacramento – March 17, 2012

Four local races on St. Patrick’s Day in the Greater Sacramento Area. Come join to fun in Folsom, Sacramento, Davis, and Jackson, California.

Folsom Shamrock 10K/5K

Saturday March 17, 2012 - 9:00 am
10K/5K Run/Walk

Register Now!

Registration available online until midnight, Thursday, March 15th

24th Bunsen to Beaker

Jackson Lions Club Dandelion Days 5k Fun Run

Saturday, March 17, 2012

Rain or Shine

Registration begins at 7 a.m. in Detert Park, Jackson

Race starts at 8 a.m.

BANK OWNED (Foreclosure/REO) HOME SALES DATA FOR FOLSOM, CA – FEBRUARY 2012

This is the latest monthly report of our more than four-year study of bank owned (Foreclosure/REO) home sales in Folsom, CA. This report covers February 2012.

There were 12 Bank Owned homes sold in Folsom this month, two more than in the previous month.

The average days-on-market decreased from 47 the previous month to 42 in February. Only one of the homes had been on the market for over 100 days, and 41.7% of the homes that sold were on the market for two weeks or less. Well prices homes in good condition are selling quickly.

The 12 Bank Owned homes that sold represent 20% of all homes sold in Folsom this month. The very low bank owned home inventory is the reason this segment or market is so low.

The available inventory of bank owned homes in Folsom decreased to a .8-month supply, down from a one month supply the previous month. That inventory level has not exceeded a two-month supply since February of 2011. The inventory for bank owned homes in Folsom peaked at a 2.8-month supply in January and has steadily declined since. The available inventory for ALL homes available edged up to a 1.7-month supply, up from a 1.6-month supply the previous month. We have not had an inventory of more than a three-month supply since February of 2011. Pundits tell us that a 6-month supply is neutral market, so Folsom remains a strong seller’s market for both bank owned homes and all other homes on the market.

The average cost-per-square-foot for bank owned homes was $ 147 in February, down from $ 155 in January. The average cost-per-square-foot for ALL homes sold in Folsom in February was $ 153, down one dollar from the previous month. It has been moving within a narrow range for the past year. Last month the cost-per-square-foot for bank owned homes was higher than the cost for all homes sold is statistical anomaly.

The overall sales price for REO homes was 97.2% of the final asking price and 94% of the original asking price. In addition, 33% of the buyers paid the asking price, or more, for their Folsom bank owned home in February.

Based on the cost-per-square-foot, bank owned homebuyers saved six dollars per foot on their bank owned home compared to the cost for all homes sold in Folsom this month. When applied to a 2,500 square foot home, that represents a savings of $ 15,000: a tidy sum

Given the overall data, it is obvious that homeowners who do not have to sell are keeping their homes, rather than accepting current market value offers.

If you have any questions about purchasing a home in Folsom, a Folsom Foreclosure, or an REO anywhere in the area, feel free to give us a call

(916) 337-0658.

The data follows:

Click Here To View All Active Short Sales In Folsom Ca

Inventory In Folsom Ca remains low, we are seeing multiple offer on most homes. Interest rates remain at an all time low. So with this said when you are writing offers on homes make sure you are writing your highest and best offer..also a good tip it is a good time to start writing letters with your offers telling the seller a little about yourself and what you love about their home, and "Yes" you can even do this on REO's. Also make sure you show the seller you are committed to there home. "I.E." EMD in title right away, shorter contingency periods,no seller credits.

Thanks for reading this, John J Hayes.

John J is a Real Estate Agent at RE/MAX Gold.

Phone: 530-306-3316. 3hayes@sbcglobal.net.

"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 Realtor. Folsom CA Loan Modification Help, Folsom CA Short Sales. Folsom CA Short Sale Realtor. Mather CA Loan Modification Help, Mather CA Short Sales. Mather CA Short Sale Realtor. El Dorado Hills CA Short Sales. El Dorado Hills Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

John J Hayes, RE/MAX Gold, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are John J's personal views and do not reflect the views of RE/MAX Gold.

This information on How A El Dorado Hills Short Sale Could Help You Avoid Owing Money In The Future is provided as a courtesy to our viewers to help them make informed decisions.

Folsom Short Sale Approved & Foreclosure Postponed

Many people don't know that starting the short sale process will postpone a foreclosure date. 1572 Thurman Way is my latest Folsom short sale approved by Bank of America. This Folsom home had a foreclosure date of March 15th but because a short sale was initiated, the foreclosure has been delayed and will sell as a short sale instead!

Folsom short sales are much preferred for most sellers compared to walking away and letting the home go to foreclosure. In a short sale, credit scores are less damaged. Sellers can also qualify to buy a home in 2-3 years compared to 3-5 years with a foreclosure. In a short sale, seller's can stay in the home until it closes and not be worried about the uncertainty of a foreclosure. Short sales provide much more control and are usually less emotionally damaging than a foreclosure.

If you are considering selling your Folsom home as a short sale, it's important to work with a real estate agent who specializes in short sales. Short sales are very different from traditional sales because the bank is involved. Folsom short sale agents know how to negotiate with the bank on behalf of the seller, submit a complete short sale package, follow up regularly, and push for a short sale approval. Agents without short sale experience don't know what to do once they get an offer and can jeopardize the short sale by wasting valuable time trying to figure out how to proceed. Interview a few agents to pick the best one for you!

See if you qualify to sell your home as a Folsom short sale.

Folsom Short Sale Approved & Foreclosure Postponed

Folsom-El Dorado Hills CA – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why.

Many banks are turning down loan modifications where the payments received would repay a mortgage amount higher than what they sell the property for as a foreclosure.

A bank has two options when negotiating a loan modification.

Option 1: Foreclose and sell the property for $150,000.

Option 2: The homeowner is offering to repay $1,000 a month for the next 30 years. At today's interest rates that will repay a $211,000 mortgage.

In fact, these same banks are spending thousands of dollars advertising to get people to borrow $211,000 and repay them $1,000 a month. But, in most cases they would rather foreclose and kick this homeowner out of their home.

This makes the bank a loser on two counts. First, they are losing money. But, second of all, they are a loser for unnecessarily kicking a family out of their home. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at 3hayes@sbcglobal.net. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 530-306-3316

Thanks for reading this, John J Hayes.

John J is a Real Estate Agent at RE/MAX Gold.

Phone: 530-306-3316. 3hayes@sbcglobal.net.

"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 Realtor. Folsom CA Loan Modification Help, Folsom CA Short Sales. Folsom CA Short Sale Realtor. Mather CA Loan Modification Help, Mather CA Short Sales. Mather CA Short Sale Realtor. El Dorado Hills CA Short Sales. El Dorado Hills Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

John J Hayes, RE/MAX Gold, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are John J's personal views and do not reflect the views of RE/MAX Gold. This information on El Dorado Hills Short Sales: Who Loses When A Loan Modification Fails? is provided as a courtesy to our viewers to help them make informed decisions.