A reader from my Homebuying website at About.com sent me this graphic, along with several others showing more closeup images of foreclosures in various cities. They didn't all use the same "close up" so I didn't include them. That would be misleading to show a graphic enlarged 200% versus 100%. But still, that's a lot of foreclosures in the Sacramento area. This map is indicative of 1 in 9.
If you are headed toward foreclosure, you might want to call a Sacramento short sale agent for help. Nothing beats getting legal and tax advice as those are two areas an agent cannot address. But a short sale agent in Sacramento who specializes can be invaluable to you. Be sure to choose an agent who has closed at least 100 short sales. There are very, very few of us like that. But the more short sales we close, the more we know about each bank and the problems that can come up. I've been closing Sacramento short sales for 6 years.
When I assess a potential seller for a short sale, I can accurately predict most of the time which way that short sale will go. I know how long it will take, and the type of short sale the seller should pursue. There are many types of short sales. Due to SB 458, a bank can no longer require a seller to make a contribution and the bank must release the seller from liability. If you qualify for a HAFA short sale, you might get a relocation payment of up to $3,000.
The best way to do a short sale is to begin the complete short sale process just as soon as you think you might not be able to make your mortgage payment. But even if the Notice of Default is filed, it is generally not too late. If you're looking for a Sacramento short sale agent, call Elizabeth Weintraub at 916 233 6759 or, even better, shoot me an email. My email address is elizabeth at golyon.com. If I can't help you for some reason, I'll point you in the direction of somebody who can.
Image compiled at Google, creator unknown.
---
Certified HAFA Specialist
My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.
Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
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.
