About Folsom's American River Canyon

Folsom Short Sales - SOLD by Agent Allan Sanchez

Here is my latest SOLD short sale in Folsom. 348 Caples Drive is an adorable 3 bedroom/2.5 bath home the gated neighborhood of American Canyon North. It has 1,423 square feet and sold for $240,000. The buyers are very excited to move into this beautiful area of Folsom with its great schools and beautiful surroundings.

I worked with GMAC on this Folsom short sale and quickly obtained an approval. Short sales are very different from traditional sales because the bank is involved. It takes an experienced Folsom short sale agent to know how to successfully sell short sales. Agents who don't specialize in short sales don't know how to contact the bank, submit a complete offer package, negotiate on the seller's behalf, and most importantly, follow-up regularly (I can't emphasize how important this is)!

Short selling is a big decision. Before you decide to sell your Folsom home as a short sale, find out the FAQs and interview to a few agents to see who you feel most comfortable working with.

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

Folsom Short Sales - SOLD by Agent Allan Sanchez

Folsom-El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Dan. Here was his question.

“My property is in rough shape and needs work. Can I still do a Short Sale? Dan.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to his question. You can still do a short sale. It is a fact that lenders are more motivated to do a short sale on a property that needs repairs than on a property that doesn’t.

Most lenders understand that the risk of loss goes up when they foreclose on a property that needs lots of work. Here is an easy way to get a discount approved for a short sale.

Show your lender that a lot of repair work is needed to bring the property back up to a marketable condition so it can be sold. Lenders are simply not set up to get any repair work done.

They are in the loan business, not the repair or handyman business. It really doesn’t matter the type of house or condition, all mortgages can be discounted.

The very best types of properties to perform short sales on are houses that are in rough shape and need repair work because the bank will often allow a bigger discount for it.

If you have a property that is in rough shape and needs work, do not leave it to be foreclosed. I am here to help. 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. 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 Sale Question: My property is in rough shape and needs work. Can I still do a Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Approved Folsom Short Sale - 348 Caples Drive

Take a look at my newest APPROVED short sale in Folsom. The bank says it will accept $240,000 for this awesome gated short sale home in the American River Canyon neighborhood in Folsom. 348 Caples Drive has 3 bedrooms, 2.5 baths, 1,423 square feet, 2 car garage, and lots of upgrades. Upgrades include custom paint, high grade carpet, and laminate wood floors. This Folsom short sale has lots of personality!

Folsom short sales are very different from traditional sales. In a short sale, the seller owes more on the home than it's currently worth. Their Folsom short sale agent must negotiate with the bank to convince them to approve the short sale and accept a loss on the property. In a short sale, the short sale agent not only handles negotiation between the buyer and seller, but also between the seller and the bank. It's also important to note that the bank pays the short sale agent out of the sale proceeds. Sellers do not come out of pocket for short sale expenses!

To tour this Folsom short sale, contact Folsom short sale agent, Allan Sanchez: 916-205-2265 or allanshomes@yahoo.com.

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

Approved Folsom Short Sale - 348 Caples Drive

El Dorado Hills CA – Many people mistakenly think that a short sale is adversarial. "I will fight that banker and convince them to let me short sale and walk away from the upside down debt", they think to themselves.

That is not how short sales actually work. Most negotiations are not adversarial. In fact, most short sale negotiators are just normal people.

They go to work each day and go thru their files. There is a lot of paperwork and reports that have to be filed. Most of them don't get out of bed looking forward to a tough negotiation.

They simply have to process their file in accordance with the guidelines. The banks have budgeted money to write down mortgages on short sales.

The CEO (or someone similar) at the bank sits down and talks about the loans in default. We have X number of loans in default and we can expect to lose X percentage on each loan.

That means that I have to set aside 10 Million Dollars to cover the projected losses on those loans. He will then give the person managing the short sales guidelines.

Those guidelines will be used to keep the losses at 10 Million Dollars or less. This is why short sale negotiations are no adversarial. They banks already know they are losing money.

They have resigned themselves to losing it. Now they just have to go thru the process and minimize the losses as much as possible.

They know that a short sale reduces losses by an average of 20% compared to a foreclosure. That makes them eager to negotiate a short sale with you.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. 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

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

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. 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 A Common El Dorado Hills Short Sale Myth: Short Sales Are Adversarial is provided as a courtesy to our viewers to help them make informed decisions.

Sacramento CA – The Stop Foreclosure Institute recently received a question from Luis. Here is Luis's Question.

"I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as my home is worth, plus the interest on that mortgage? It just doesn’t make sense.

How can I get a loan mod with a fair interest rate where I am repaying what my home is worth today? Thank for your help, Luis.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was our answer. You are asking for something that most lenders don’t like to do. Lenders don’t like principal reductions. Here is why.

Principal reductions usually have to be written down right away on their financial books. If you owe them $300,000 and they reduce your loan principal to $150,000, then they immediately have to reduce the company’s earnings by $150,000 for the year.

If they do that on enough loans, then it hurts the CEO’s ability to get a bonus. He may even risk losing his job. I don’t offer much sympathy to CEOs, but that’s how it works.

Here is what lenders like to do instead. They will reduce your interest rate to 2% for 5 years. After that, the interest rate will go back to the original level.

That way the write off will be much smaller than $150,000. It might be a $30,000 write off. That makes a much smaller difference on the CEO’s bonus for the year.

It’s also one of the reasons that most loan mod programs don’t work. The banks aren’t willing to be realistic.

It’s also why I think a short sale is the best principal reduction plan. You get to erase the bad debt. Rent a home for 2-3 years and then buy a new one at today’s market level.

That way you guarantee your principal reduction and don’t waste time arguing for a principal reduction with someone who isn’t allowed to give it to you. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. 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

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Sacramento loan modification kit has the instructions you will need to get a loan modification approved with your bank. www.johnhayesrealestate.com.

John Hayes specializes in loan modification assistance and short sales in Sacramento California. Sacramento Loan Modification Help, Sacramento Short Sales. Sacramento Short Sale Realtor. Short Sale Realtor. Sacramento CA Short Sales. Sacramento Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. 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. The views expressed here are John J Hayes's personal views and do not reflect the views of RE/MAX Gold.

This information on Sacramento Short Sales: Why Should I Pay Double For My Home? is provided as a courtesy to our viewers to help them make informed decisions.