If I could say one thing to people who are facing foreclosure that could make a difference, that one thing is call a real estate agent. You might not want to sell your home but you might not have any choice. At least if you sell the home, you will probably get paid for your equity. If you let the home go to foreclosure and ultimately a trustee's auction, you will receive nothing.
While, technically, if there is a profit at the auction, you're supposed to get the overage, but it doesn't happen that way. Plus, an agent can help you in ways you can't even begin to imagine. I just tracked down a seller who was in foreclosure last month and sold her home, put money into her pocket. But this lawyer from yesterday had a different outcome, and you will see why.
Read more in my personal blog today at this link: How the Request for Notice of Default Lost a West Sacramento Seller Her Home.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.