Often I’m asked how soon after I short sale can I purchase a home?
Posts Tagged ‘Sacramento Short Sales’
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Second Mortgages Fight Back! Do you have one or two loans?
June 21st, 2010 
Jen Klein Are you considering a short sale? Did you know that if you only have one loan on your home, the short sale process can be simpler? Or, if you have two loans with the same bank, that’s doable as well. Until recently even if your home had two loans from different banks on it, your short sale had hope.
Wells Fargo/Wachovia Streamline Sacramento Short Sales
April 28th, 2010 Jen Klein After today’s training with Wells Fargo/Wachovia, I have a new respect for Wells Fargo Bank. I also know now that the banks can and should be doing more to facilitate short sales. Granted, their system has some loopholes and caveats, but I do see an effective and efficient system, which is more than any bank can say at this point. Here are the highlights:
Realtor 2.0, not your parents Real Estate Agent!
April 26th, 2010 Jen Klein It’s a new time and era for Realtors. In the past people have picked real estate agents typically by referral. I’ve found that most people looking for a Realtor have often gone to a reliable source to obtain a referral, they’re parents. This mentality is logical, but sometimes not beneficial.
California Mortgage Forgiveness Act, sunshine amid the rain.
April 14th, 2010 Jen Klein Amid all this rain, there is sunshine! Yesterday the California Mortgage Forgiveness Act was signed, which is great news for homeowners. Those who were previously hesitant to short sale their homes due to the potential state tax to be incurred, can now exhale.
Can Homeowner’s Associations negatively impact your Sacramento Short Sale?
February 28th, 2010 Jen Klein Homeowner’s Associations are becoming a more contributing factor in the Short Sale Resale market. As the number of vacant properties increases so does the Homeowners delinquency fees, less homeowner’s to contribute to the Homeowner’s Association’s Dues.
Seller Beware, 12 Common Short Sale Mistakes: #12 Over Worrying
February 15th, 2010 Jen Klein OVER Worrying a.k.a “bugaboo!” – Now I say this lastly and lightly: Becoming a “worry wart” will only hinder the forward progress. I wouldn’t say you shouldn’t worry about your home; that would be absurd. However, whomever you choose to be your realtor must have time to negotiate and do other components of our jobs. Please, be respectful of time.
Seller Beware, 12 Common Short Sale Mistakes: #11 Idly Awaiting Submission
February 12th, 2010 Jen Klein Some negotiators will wait until they receive an offer to submit documents to the bank. There are several things that can be submitted to the bank upon listing to get you in the “mill.” The sooner you start the process, the better the process will go.
Seller Beware, 12 Common Short Sale Mistakes: #10 Spending All the Money
February 10th, 2010 Jen Klein Most people faced with a short sale aren’t able to stay current on outstanding debt. Some people really do have it THAT bad! Let’s be honest, if you are not going to pay the mortgage, avoid the temptation to spend the extra money on discretionary items. Save some of the money!
Seller Beware, 12 Common Short Sale Mistakes:#9 Thinking That the Problem Will “Fix Itself” or Just Go Away
February 8th, 2010 Jen Klein For this problem to go away, you must take charge. You must be proactive if you really want it to go away! It CAN be taken care of, there is hope, there is life after this market, but doing nothing will only make the problem worse and increase your potential for future problems.
