I met the sellers of this new short sale in Fair Oaks about 4 years ago, back when they were first-time home buyers. I had purchased a rather expensive item from an establishment the seller managed and mentioned I was in real estate. A year later, the buyers remembered me and called. We looked at homes. We wrote 13 offers. Count them, 13 offers. More than I've had ever had to write in my life for a buyer.
Then we found this home in Fair Oaks. The then-seller of that home paid for a brand new roof and gutters. I remember shooting a photograph of the ecstatic buyers standing in front of the JUST SOLD sign. They gave me a succulent plant that has grown to over 5 feet in my Land Park cactus garden.
And today, they are selling this home in Fair Oaks as a short sale. Their loss is not as substantial as most of my Sacramento short sales, but like most short sales, the sellers' circumstances have changed. This is my first short sale in 5 years that is a previous client's home, so this is a bit difficult for me. It's worse for them, I assure you.
This is a 3-bedroom, 2-bath, ranch-style home. It has a formal living room and dining / family room combination. The kitchen counters are tiled, and you'll find beams in the family room with a Roman brick fireplace. The home was built in 1959 and has mostly hardwood floors throughout.
The washer and dryer are in the garage, and they stay with the home. There is also a separate room in the garage that can be used as a den or a hobby room. It has a gigantic yard at .23 acres with an uncovered patio.
Best of all, this is a preapproved price from Wells Fargo, and all the paperwork has been submitted. The only thing we need to move forward is an offer from a qualified buyer. I'd expect short sale approval in fewer than 30 days.
8814 Mohawk Way, Fair Oaks, CA 95628 is offered exclusively by Lyon Real Estate as a short sale at $180,000. For more information, call your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759.
Photos: Elizabeth Weintraub
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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.
Your clients are in good hands Elizabeth and I wish them well as they move forward. Wells Fargo has been quick to respond with a short sale that I have, it took a month to get accepted.
Elizabeth - this looks like a very nice home at this price. Hope it sells quickly.
Looks like a great home for the money! Best wishes for a speedy sale!
This must, indeed, be bitter-sweet. Your sellers know they are in good hands in a bad situation.
Best of luck finding a buyer for this short sale quickly. It's nice to hear that Wells Fargo is pre-approving deals.
It's a difficult position, but they know you will see them through it and always have their best interest in mind and heart.
I attempted to help a former buyer sell his property in a Short Sale, but the bank foreclosed too quickly. It was sad since he'd worked so hard to get his credit repaired to buy, and then years later, lost his job and had to sell.
Hi Elizabeth, I like the sound of the less than 30 day approval. I'm glad they called you and wish them a ton of luck. I think under these circumstances I would find it difficult too, I get so attached to my clients.
Lovely home It is bittersweet, and it shows how much they trust you to come to you for help.