What are your thoughts on Bankruptcy Judges handling the current Foreclosure crisis?
Just today, when calling for an update on the two Short Sale listings I currently have listed where IndyMac Bank is the mortgage holder, I was told that they receive at least 500 new Short Sales per day! The Short Sale package was sent to IndyMac Bank along with offers for each at the beginning of October.
Needless to say, time has NOT been of the essence for IndyMac Bank. Last week I was given email addresses for the negotiator but have heard nothing back from either one. This morning I was told that there is no other solution but to just wait until I receive an email from both negotiators. No phone number will be given out and no projected date was given when I might anticipate hearing anything.
It is obvious to all or at least it should be, that the servicers can not handle the load of all the homeowners in trouble with their mortgages.
Check out CNBC's video on Housing's New Fix and see where you stand.
My question is how in the world are the Bankruptcy Judges going to be able to handle the load? What do you think about a Judge reducing the mortgage through a Bankruptcy? Will we have a nation filing bankruptcy?
The loan modification program that some of the banks have instituted seems to be an act in futility. What the banks are finding is that those modifications that they have actually approved resulted in the homeowner simply delaying the inevitable and losing the house. It would seem that the loan modification programs were designed for failure.
What is your solution to this problem? With government stepping in, are we solving the problem or creating a new one? What is your take? Do you think the Bankruptcy Judges will be the cure all?
Sacramento single family homes market stats are ready. The Sacramento County homes sold in 2008 for each month is shown in the chart to the right and as you can see shows a steady increase in home sales for most of 2008.
The month of December picked up from November with 1,891 single family homes throughout the Sacramento County area sold.
The average sold price of a home in Sacramento County was $198,919 and the average list price was $200,719 taking an average of 45 days to sell.
To see the 11 year chart for Sacramento just click Homes in Sacramento for the past 11 years.
Courtesy, Gena Riede, Broker, SacramentoRealEstateVoice.com, 916-417-2699
Hey, congratulations on buying a home or condo this past year.
Do you know what is deductible on your taxes if you are a new homeowner? There were a lot of new home buyers this past year who bought homes in the Sacramento and surrounding areas that may not be aware of some of the homeowner deductions that you can take on you taxes in April.
As a Realtor in the Sacramento and surrounding areas, I send all my new homeowners a copy of their HUD1 Settlement Statements which when given to their tax accountant will help to insure that my clients receive all of the possible deductions on their new home or condo purchase.
To read the rest of this article simply click Sacramento New Homeowner Tax Tip
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe 
to get the latest articles sent to your email.
If you have a real estate question that you would like an answer to, be sure to check out 
and read what other home buyers and home sellers have asked and feel free to ask your Real Estate question by email. Perhaps, your question will be part of the next article featured on Sacramento REAL Estate Voice. Just ask the Realtor, Gena Riede.
Click Sacramento MLS where you can pick any community or city around Sacramento and see homes for sale.or simply click on the search icon and pick the area you are interested in finding a home or condo for sale in 
.
Are you renting right now? Been a little scared about taking that first step toward buying a house or condo?
That's good. I hope you are a little frightened. You should be. Perhaps, with that attitude, you will do your homework, first.
Many of the homeowners in trouble right now, didn't have a Realtor that helped them find a good loan and many of them unfortunately didn't listen to their Realtor. If there is anything to be learned from what has happened with all these foreclosures, it is that a home buyer's home loan is the most important aspect in homeownership. Be sure to click and read steps toward homeownership.
Rome wasn't built in a day...take your time...save, pay your bills on time and your dreams will come true.
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.
If you have a real estate question that you would like an answer to, be sure to check out and read what other home buyers and home sellers have asked and feel free to ask your Real Estate question by email. Perhaps, your question will be part of the next article featured on Sacramento REAL Estate Voice. Just ask the Real Estate Broker and owner of Riede Real Estate, Gena Riede.
Remember, you can click on Search for Homes and chose bank owned homes in all of the Sacramento and surrounding areas. Plenty of 1st time home buyers are approved and ready to buy one of these great deals.
Other Home Buyer Articles:
How To Have Peace of Mind When Buying a Home
What Every Home Buyer Must Know
When Should a First Time Home Buyer Buy a House?
New Home Buyer Information You Need to Read
First Time Home Buyer's Check-Off List - Part 1
Opportunists who want to suck what little money you, the homeowner have left, are calling to HELP with a loan modification.
Are you having trouble paying your house payment? Many Sacramento homeowners are. If it sounds too good to be true, it is.
These scam artist are charging several thousand dollars to do what you can do yourself for FREE.
Yes, many of these people are real estate agents and mortgage brokers hungry for money. These are the same people who put you in the position that you find yourself in today. Don't be fooled!
To find letter examples, qualifications and more be sure to read the rest of this article by clicking, Loan Modification Scams Coming to Sacramento.
If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.
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Sacramento Real Estate serving Home Buyers & Sellers in Elk Grove, CA, Folsom, Roseville,, Granite Bay ,Placer County, El Dorado Hills, West Sacramento, love 1st Time Home buyers, too. (916) 417-2699
As the Real Estate Broker and owner of Riede Real Estate, I work as a full time Realtor in the Sacramento area with Sellers, Home Buyers and those relocating to the Sacramento and surrounding areas. You can reach me by email, Gena@GenaSells.com or call (916) 417-2699
There are many areas within Sacramento County that I can help you with such as:
In Placer County, I love to show homes in
El Dorado Hills in El Dorado County is an area that quite a few of my past clients enjoy living. It is an area within the hills overlooking the Sacramento valley. Life doesn't get much better than El Dorado Hills as well as Cameron Park.
West Sacramento is located in Yolo County and is just across the Sacramento River from Downtown Sacramento so it's just a hop, skip and a jump from Downtown Sacramento and home of the River Cats.
My previous Home Buyers and Sellers have written testimonials that appear on my website, expressing their honest feedback after having worked with me (an example of one is listed below).
Both Home Buyers and Sellers have expressed their opinions and most of them have been repeat clients as well as providing the highest compliment a Realtor can receive, by referring me to their families and friends.
I would suggest that you take the opportunity to view these testimonials and see if what my past clients have said is specific to what you personally are looking for in a Realtor. If so, I would be more than happy to assist you in your home buying and selling.
As a Real Estate Broker, I am held to a higher standard and I take that very seriously. Due to my own moral character and ethics my clients never feel pressured or uninformed during the home buying and selling process.
One of the things I pride myself on is being totally responsible for each of my transactions. Home Buyers and Sellers both know that when they hire me, they get me; we become a team with the same goal!
I continue to educate myself through classes and reading as well as keeping up with the ever-changing computer and internet venues which provide more knowledge base for my clients and their transactions.
Each week there are several new articles that I write on my blog, Sacramento REAL Estate Voice to help those living and relocating to our great Sacramento, CA area. If you would like to view my blog for Sacramento and the surrounding areas simply click on SacramentoRealEstateVoice.com .
There you can view some of the neighborhoods that I have featured and video tours to let you become acquainted with the Sacramento area.
Each month I compile questions coming from Sacramento Home Buyers, Sellers and Homeowners where I answer their Real Estate questions while maintaining their anonymity. This is what I call "Got Question, Ask Gena." 
I welcome your comments. If you feel, that we would be a good match, I welcome your call or email and look forward to helping you with all of your Real Estate needs.
My area of expertise ranges from First-time Homebuyers to Luxury Home Buyers as well as those interested in purchasing retirement and/or vacation homes in the Sacramento, Placer, El Dorado and Yolo Counties.
The Sellers I work with either have investment property that they selling, family tract homes or luxury homes. Land and business are an area that I have added to my repertoire as well.
Each Home Buyer, Seller and Real Estate transaction is unique, some more complex than others but each get my full undivided attention and knowledge base.
I work with Home Buyers and Sellers in the Sacramento, Placer, El Dorado and Yolo Counties. 
Simply click on this map and you can use the interactive map to find out about different communities in and around the Sacramento area.
While viewing the map at the above link, you may click on the City/Community and obtain addition information as well as available homes for sale, condos for sale, land for sale, or buinsess opportunities.
I have provided Home Buyers, Sellers and those Relocating an opportunity to gather information about each of our diverse areas here in Northern California in and around the Sacramento area, since each County is unique to the area and has much to offer.
You never have to sign-in in order to view homes for sale. I have always felt that when you are ready, you will contact me. So, feel free to click 
and view all of the homes for sale throughout the Sacramento, Placer, El Dorado and Yolo counties.
To view Testimonials from both Home Buyers and Sellers, go to my website to view more. ********************************************************************
"We are extremely satisfied clients of Gena Riede, one of the very best Realtors ever! We met Gena at an Open House in Elk Grove, CA while on our honeymoon in August 2002 (coincidentally about 2.5 miles from where we recently purchased our new home!). We established a fruitful, long-distance (my wife and I were Chicago residents at that time) professional relationship with Gena, as well as a warm and lasting personal friendship. Despite numerous setbacks over a five-year period, (including four years of renting while waiting for the local housing market to regain sanity) Gena worked with us to find the right house, in the right location, for the right price, at the right time. Also through her business association with an honest, savvy and prudent real estate loan broker, we found the right mortgage that meets our financial situation perfectly.
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Throughout our long trek towards our goal of owning a home again, Gena not only provided excellent service as our agent, she is/was a stalwart partner in that process. She reinforced our resolve when things were most difficult---health issues; job & career issues...whatever obstacles to home ownership that arose.
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There is no greater blessing than for the Lord to accomplish His Divine Will through the diligence, faith and hard work of a dedicated professional like Gena Riede. Home ownership is more than just "The American Dream" : it is -in part-the glue that holds this diverse nation together. We need more Realtors, more people like Gena who put real
people--- common folks like us, first!
If we ever know of anyone who sincerely wants to buy or sell a home, only one name will be spoken: Gena Riede."
Sincerely (proud and happy new homeowners), David S. Sims , Sr. and Cheryl L. Sims
8634 Black Kite Drive
Elk Grove, CA 95624
September 13, 2007
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"Gena is a Realtor that sincerely cares about her clients. She stays on top of all transactions, is very dependable, and continually keeps her clients informed. Gena has high ethics, gives honest opinions, and gives her clients excellent advice on how to prepare their home for sale. She is always available to answer questions or address concerns. If we still lived in the California area and were interested in buying or selling a home, we would definitely hire Gena again. She is a top-notch Realtor!"
Helen & Oliver
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"Gena helped us buy our first house four years ago. She was extremely thorough in her search to help us find the perfect place to call home and worked diligently to provide us with comprehensive information on everything from mortgage to location information. We were so thrilled with how she handled all of the details from start to finish that when we were ready to move again, we called Gena to help us sell and buy our next home. She has also continued to be an excellent resource for us even after we are settled into our home, providing numbers of people who can provide services such as painting or keeping us up to date on the current real estate trends. We recommended several friends to Gena who have successfully also bought and sold homes through her. She is a very dedicated, supportive, enthusiastic, informative, and intelligent realtor and anyone utilizing her services is very fortunate."
Erin & Mike T.
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" Thanks Gena for all your help the past few years! When we were ready to purchase our first home, you helped my wife and I find the perfect place. And when we needed to sell a few years later, again, you were there to help us through the process and get our home sold in a timely manner. We couldn't be much happier with the service you provided."
Thanks Again!
John & Christy D.
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"Gena represented my wife and I in the purchase of our home in El Dorado Hills. Gena is a very respectful and a responsive person to your Real Estate needs 24/7. Gena gets answers to your Real Estate and Financial questions immediately.
My wife and I relocated from San Jose and closed our Real Estate purchase in 30 days.
When we decide to move again, we will seek Gena's advice and expertise and will ask her to be our Real Estate realtor/broker."
Sincerely,
Mr. & Mrs. Cousineau
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"Gena is the first and only real estate agent we have met that fully understands every aspect of the buy/sell process - - I know that may sound silly, but in a sea of agents Gena really stands out from the crowd. We never doubt her advice for a moment! Plus, her customer service attitude and work ethic go unmatched."
Angela & Tom
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"In selling my home, I could not have asked for a better Realtor than Gena! I was impressed by her enthusiasm, thoroughness, and complete availability during the whole process. She was totally involved, every step of the way, to ensure that things went smoothly, and the sale was completed with very little effort on my part. I didn't realize that selling a home could be so easy!! I cannot recommend Gena highly enough!"
All the best!
Joseph Hoffman
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"We have known Gena for four years and she has helped us buy our first home, sell our first home and purchase our second home. Not only is Gena professional, very knowledgeable and a real advocate for her clients, but she has quickly become a part of our family because of her kindness and compassion. The most impressive thing about Gena is that her job doesn't end when you have signed the papers and have moved into your new home. Gena always makes herself available to her clients in order to answer questions or help in any way she can. Gena truly cares about her clients and doing what is in their best interest."
The Lucchesi Family
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"I have used Gena for both buying and selling a home. Because Gena was so "on-the-ball" for me when I was buying my first home, I did not hesitate to call her when I was ready to sell. During the selling transaction, we ran into a few obstacles due to the buyer and buyer's realtor, and Gena was quick to do all in her power to move the deal along in the speediest and smoothest way for me. I recommend Gena to any one out there considering buying or selling a home!"
MS- a happy client
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"Gena is the ultimate professional. She has assisted me with two different real estate transactions and both times went above and beyond the call of duty to ensure that my best interests were at the forefront and that my needs and desires were met. She spent countless hours working out details of contracts and helping facilitate parts of the processes that would have otherwise fallen through the cracks. If I hadn¿t moved out of state the last time, I would always rely on Gena for my real estate needs."
J. Thompson
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"In 2002/2003, my husband and I sold 2 homes with Gena's assistance. She was always there with her assistance and very candid with suggestions to improve the saleability of our homes. She kept in contact and kept us updated continuously. When we decided to purchase a home in the Foothills, we, of course, went back to Gena. When we plan to sell our current home, we definitely plan to go back to Gena !!"
Connie & Brian
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