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Sacramento Homeowners Need Help
July 1st, 2009 categories: Loan Modification
Sacramento, CA
As a Short Sale Realtor ® I receive many calls from homeowners having trouble paying their house payments.
Also,homeowners who foresee difficulty paying their mortgage in the next few years, call.
I thought I would devote this article specifically to them.
You have a few options available:
The woman I spoke with today, called about loan modifications and was told that it would cost her $4,000. Not everyone has $4,000 to toss around especially if they are all ready in trouble.
Makes me wonder how legitimate these companies are if they demand so much money up front. Are they afraid after all their work, you won’t get a loan modification? Seems they don’t exactly have a lot of faith in what they are doing…wouldn’t you say?
Can you imagine if I charged my real estate fees up front? hmmm…what a concept.
There are many scams artists out there and I don’t know them all…they come out of the woodwork whenever they see a niche so as to take advantage. They prey on those less fortunate. Try to avoid them at all costs!
There’s a simple way, go to a FREE government site specifically for loan modification.
You can trust this website.
At Making Home Affordable you will see if you QUALIFY for a loan modification. It’s an easy site to use and should be the first place you go for help.
Call your mortgage lender, service provider, the place you pay your mortgage and ask them for a loan modification. Be persistant, don’t give up. This is a long and tedious process so be strong and keep calling even if they say no, call again.
By clicking on CA State Department of Real Estate you will find a list of individual and corporate real estate brokers who have submitted an advance fee agreement to provide loan modification services. (The CA Dept. of Real Estate does not endorse this people, however). If you decide to go this route, be sure to read what the CA Dept. of Real Estate Consumer Alert has to say.
If a Notice of Default has been recorded, the ONLY person that can legally help you is an attorney. Do NOT pay anyone else.
Do You Qualify for a Loan Modification?
Don’t let the scammers tell you that they can do one if you find out from the government site that you don’t qualify. That’s what they are hoping you will be dumb enough to do.
Making Home Affordable is a SAFE government FREE site for Loan Modifications.
The lady that called today has not missed any house payments. What many of us have experienced are banks telling homeowners they can’t do anything to help them if they haven’t missed a house payment. Then once the homeowner misses a few payments, the bank says they don’t qualify since their credit score went done due to missing the payments.
Many homeowners are loosing their jobs, income reduced due to cut backs and still those of course that got caught up in the Lending arena.
This article has gotten much too long so I will devote this article to Loan Modifications and write write later to those who may be interested in knowing about Short Sales, Deed in Lieu and Foreclosure.
Stay tuned…
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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
Other Loan Modification Articles:
Want to Know How To Get A Loan Modification?
Loan Modification Scams Coming To Sacramento
| Discussion: Comments »
Short Sales Are Slow but NOT Rocket Science
June 29th, 2009 categories: Short Sale
Sacramento, CA
Time for Sacramento agents to make sure their sellers are QUALIFIED for a Short Sale BEFORE listing the house for sale.
Get your paperwork from the Seller BEFORE listing the house for sale. No point in wasting everyone’s time including home buyers.
Next, when receiving offers, treat it as any other offer. Present all offers to the home seller and let the seller chose the best offer.
- Get a HUD statement from a Title company
- Send the home buyer offer
- Send all the home sellers qualification paperwork
Next Step…
Then, PLEASE update the MLS to read “Active Short Cont.” This is an MLS rule and home buyers are checking the Internet and reporting when this is not done.
I can’t blame them. It’s frustrating to think a home is available only to find that offers have been presented and sent to the bank.
This is part of our job and the home buyers would appreciate it if we take the time to update the MLS and not WASTE their time.
Acknowledge Sacramento home buyers by sending the seller’s signature on the Purchase contract so they know you have actually presented their offer and the homeowner has accepted their offer as the first step in the Short Sale approval process while waiting for the Bank’s final approval.
Don’t leave the home buyer in the dark.
As a Sacramento Real Estate Broker and Short Sale agent helping both home buyers and home sellers, it’s important for all of us to work together toward a clear and concise process for both home buyers and home sellers.
This is a difficult time for all and it is our job as short sale agents to do the job correctly and thoroughly.
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.
. 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 | Discussion: Comments »
Sacramento Short Sales & MORE $$$ for Home Buyers
June 26th, 2009 categories: Sacramento Real Estate Videos
Once the moratorium is over in California, Foreclosures will once again be KING unless and until the banks figure out that they are far better off with Short Sales.
However, Short Sales are plentiful. With Wachovia, now Bank of America has been working on streamlining the Short Sale process. This is GOOD news as it has been an antiquated system to say the least.
We need to have an ESTABLISHED procedure for ALL Short Sale including how the listing agents are handling them.
Hopefully, more banks will get on-board and get this coveted on-line system for Short Sales.
As a Real Estate Broker representing both buyers and Short Sale Sellers, I welcome the new Short Sale procedure! Now, if we could get agents to adopt the same procedure…what a gift that would be.
If Congress passes the NEW bill for home buyer tax credit, this will be quite a coo for home buyers. How does $15,000 sound to you?
Not only is the added money a thrill but more importantly a change in the income requirement will be in my opinion a definite push in the right direction for real estate and the recovery.
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.
. and read what other home buyers and home sellers have asked Gena Riede 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 | Discussion: 2 Comments »
Is Your Home a Short Sale Home For Sale?
June 24th, 2009 categories: Short Sale
Sacramento, CA
It is never easy to loose a house or condo that you live in. As a Realtor ® I understand the frustration with the banks and being placed on hold which seems endless.
I also understand that some, not all got tangled up in mortgage loans they didn’t understand.
But, what I don’t understand nor do I sympathize with in any way shape or form, is the destruction some homeowners are doing to their property upon vacating.
- For those who decide to take the toilet…are you going somewhere where there is no toilet?
- For those who take the stove…do you think there won’t be a stove for you to cook on where you are moving?
- Homeowners taking down patio covers…is your next home going to have the same dimensions? Are you putting it up at a rental that you are renting? Or are you going to pay storage for years until your credit is decent enough to buy a house again?
The bank doesn’t see the damage you do to your homes.
Many homeowners think they are getting back at the bank. WRONG.
It’s the new home buyer you are hurting, not to mention yourself.
Don’t you believe in Karma? I would think, you had just about enough bad Karma without adding more to it! Read the rest of this entry »
| Discussion: Comments »
Best July 4th 2009 Fireworks and Fun Around Sacramento
June 22nd, 2009 categories: Fun Things
Sacramento, CA
Sacramento will be celebrating 4th of July 2009…all over the Sacramento County area with spectacular shows.
Do you know what you will be doing on July 4th? How are you celebrating Independence Day?
In honor of our fallen heroes and those serving our Country it only seems befitting for each of us to display the American flag in front of our homes.
It would be great to see each home owner, apartment dweller and renter in Sacramento displaying our American flag.
Below is a list of professional firework displays for your July 4th Celebration, Independence Day (for more detail information just click on the highlighted links for each City since several have all day events that would be fun to attend).
Have a safe and fun July 4th! Happy Independence Day!
To find out where the fireworks displays and fun activities are for the day, be sure to click and read more below.
Sacramento, CA Fireworks
Cal Expo and the City and County of Sacramento July 4, 2009 Cal Expo will again put on the largest display of fireworks beginning at 9:30 p.m…gates open at 6:00 p.m. Free admission, $8 parking fee. You are encouraged to bring lawn chairs and blankets.
Carmichael, CA Fireworks
July 4th Breakfast at Carmichael Park (5750 Grant Ave.) from 7 am-11 am. Parade starts are 10:30 am starting at Marconi/Fair Oaks down Fair Oaks Blvd to Cypress and Manzanita, come for the fun and food. Fireworks show at La Sierra Community Center (5325 Engle Rd.) begins at 6 p.m. and the fireworks at around 9:15 pm
Citrus Heights, CA Fireworks
Fireworks is held at Sunrise Mall begin at 7:30 pm with live music and 3-D glasses to view the fireworks starting at 9:40 pm . or go for the day for fun starting at noon. The firework event is FREE
Elk Grove, CA Fireworks
Salute to Red, White & Blue at Elk Grove Regional Park at 9:45 pm for fireworks is a favorite all day event with food, games, vendors and just plain fun. Gates open at 6 am with entertainment starting at 3 pm. Admission is FREE, parking is $10 per vehicle
Folsom, CA Fireworks
Gates at Folsom Lions City Park open at 6 pm. Fireworks at Folsom Pro Rodeo in the Dan Russel Arena nightly from July 2-4, 2009. The Pro Rodeo begins at 7 pm Price: $15 to $22.50 Free shuttle courtesy of Jackson Rancheria at the WalMart parking lot.
Rancho Cordova, CA Fireworks
will celebrate at Rancho Cordova Hagan Park with 2 days of fun, parades, food, concerts ending with fireworks displays both Friday, July 3rd and Saturday, July 4th. Hagan Park is located at 2197 Chase Drive. Click to see a map of the area and where the festivities will be at Hagan Park It’s best this year with all the many fires throughout California to leave the fireworks to the professionals and just sit back and enjoy.
El Dorado County Fireworks
South Lake Tahoe will be having Lights on the Lake . North Shore at Lake Tahoe North Shore Fire Works Schedule July 4th, 2009 at 9:00 pm bring a picnic, meet your neighbors and claim your spot on the beach.
- Kings Beach
- Squaw Valley
- Tahoe City
- Truckee (Donner Lake)
- Incline Village
- Westshore Lake Tahoe
Tahoe City’s July 4th Celebration begins at 9:30 pm at Commons Beach Incline Village celebrates Red, White and Tahoe Blue starting July 4 at the Village Green Truckee, July 4th hometown parade starts at 10 am and fireworks at 9:00 pm at Donner Lakes West End Beach (beach access is limited to homeowners & local residents)
PLACER COUNTY Fireworks
Placer County Fireworks
Auburn, CA Fireworks
Auburn Gold Country Fairgrounds appears to have fireworks this year. Bring your own chairs and a picnic and join Little Miss and Little Mr Firecracker. Parade starts at 7:00 pm with fireworks at 9:40 pm Click Google map to Auburn Gold Country Fairgrounds at 1273 High Street. Click for July 4th Parade route.
Lincoln, CA Fireworks
Roseville, CA Fireworks
Start off your July 4th celebration in Downtown Historic Roseville with an early morning 10:00 a.m. parade that ends at Royer Park for loads of fun, food and games from 11:00-2:00 p.m. Then high tail on over to Placer County Fairgrounds for the 9:30 pm July 4th Fireworks show.
Yolo County Fireworks
Davis, CA Fireworks
will celebrate with a party at the Community Park with free swimming, vendor and entertainment will be present with fireworks kick off at 9:30 p.m.
If you have a favorite 4th of July activity or know of a community with fireworks, please comment below and I will be sure to include. Check back for updates.
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.
. 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 | Discussion: 15 Comments »
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