About Folsom's Terrazzo Estates

El Dorado Hills CA – Here is a problem: Buyers don't like short sales because of the uncertainty and the wait. How do we solve this problem?

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

During the short sale process, if the BPO gets completed and the bank won't accept the buyer's offer, then request that the bank to keep the file open.

There are several reasons that banks should be willing to keep the file open.

Reason #1: Their investor has already spent $65 to $100 on a BPO.

Reason #2: A bank or servicer's job is reducing the losses as much as possible. Keeping the file open will make the property more marketable, which will cause it to sell for a higher price.

Reason #3: It will help the bank/servicer reduce their costs. It will take less time for them to approve future files, versus if the file had to be completely re-opened, a new BPO ordered, a new negotiator assigned, and the financials reviewed all over again.

In fact, congress is even thinking about making this a law on Fannie Mae & Freddie Mac short sales. Until then, we will have to petition for it on each individual file. 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 How I Make The El Dorado Hills Short Sale Process Faster and Easier is provided as a courtesy to our viewers to help them make informed decisions.

El Dorado Hills CA – If you are considering buying a short sale, then you should know what you are getting involved with.

First off congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable homes.

So you get the advantage of getting a good deal. Now, I am sure you are asking, “Why are short sales a bargain?”

The reason is that a short sale takes longer than a normal real estate sale. You have to wait 30-60 days for the seller’s bank to approve your offer.

In addition, some agents do not understand short sales. They talk bad about them even though they have not educated themselves on how they work.

Here are a few things you should educate yourself on before making an offer on a short sale.

How experienced at short sales is the seller’s agent? If the seller’s agent has little short sale experience, then you should probably look at another house.

How many liens does the seller have? If the seller has three or more mortgages and/or liens, then you should pass. It’s hard to make a short sale work in these situations.

Remember the Aesop’s Fable about the monkeys with their hands in the jar? Well, all three lienholder’s hands are in the cookie jar. But, none will put down any cookies so they can pull their hand out.

The bottom line: One or two mortgages and/or liens is ok. Three or more is not.

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

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 What You Should Know Before Buying A El Dorado Hills Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

What difference does a year make? All would-be home buyers, waiting for the market to bottom, should consider the following: While it's true that the best environment home buyers have ever seen may have been from January to late May of this year, outstanding opportunities still exist for those who act soon. If you are planning to buy a home, there are important dates on the calendar that you need to take note of so you can act accordingly. These dates represent money-saving opportunities for consumers.

We may never see rates this low again: In response to the faltering economy in late 2008, the Federal Reserve announced they would start buying Mortgage Backed Securities (MBS). Immediately after this announcement, 30-yr. fixed rates plunged into the mid 4% range. What you need know is, this program by the "Fed" expires on 12/31/09. With the Fed having bought up to 85% of the MBS since March, when the program expires, the rise in mortgage rates may be as dramatic as the drop this past November, returning to levels well above 6%.

Want $8k for buying a home? The $8,000 tax credit for first time home buyers (anyone who has not owned a home the past 3 years qualifies) is set to expire on November 30, 2009. Buy a home and close escrow on December 1st, and you may have just lost $8k.

Homes have never been more affordable: The National Association of Realtors® keeps track of what is known as the "Home Affordability Index." The Home Affordability Index is arrived at as a function of both median home prices, available interest rates, and median family income. The index represents the amount of monthly income that is required to pay a mortgage payment. In 2005, approximately 23.3% of a family's monthly income was required to pay a mortgage payment. With falling home prices and interest rates, the percentage of monthly income required to pay a mortgage payment is now approximately 15%. This means that for a family at the median income level purchasing a home priced at the median income level, the monthly mortgage payment has declined nearly 36%.

It is always easy to look back and identify times people should have acted, and this could well be one of those times people will look back and say, "Wow, I could have bought a home in 2009!"

Regional Snapshot: Available inventory of homes for sale in Sacramento county dropped to 5,628 with 1,766 home sales last month. Home buyers are now looking at only 3 months of inventory, which in a typical market would be termed a "sellers market." Of the 1766 sales, 963 were bank owned (55%), 219 were short sales (16%) and the average home sales price rose again to $201,457.

Folsom: Folsom closed out June with 60 home sales. 15 (25%) were bank owned sales and 12 (20%) were short sales, making distressed home sales 45% of the total volume. The average home sales price was $383,000 with an average of $184 per square foot. Folsom is now down to a 4.5 month supply of inventory. Excluding short-sales, Folsom is down to a 3 month supply of inventory.