In sad news yesterday, more than 900 workers at HomEq lost their jobs in Sacramento County. Another HomEq servicing center in Raleigh is closing. I wonder how many employees at HomEq have a mortgage through HomEq and whether HomEq would qualify these homeowners for a short sale if they did. I wonder how many of these employees will call me for help with their Sacramento short sale? There surely seems to be an uptick in short sales lately.
The last HomEq short sale I negotiated was a horrible transaction. The negotiator demanded a seller contribution of $8,500. The next day, the negotiator's assistant picked up the file and announced there was no contribution. Day after that, the negotiator came back with a second request for $8,500. Well, I asked the assistant to send me the short sale approval letter without the contribution demand. She did. So you know who I continued to correspond with. It wasn't the negotiator with the demand. No wonder HomEq servicing centers are closing.
This new short sale in Galt does NOT have a loan held by HomEq, thank goodness. And it's a perfect starter home with 3 bedrooms and 2 baths. Have you ever been to Galt? If you think Elk Grove is over-developed and too suburban for your tastes, try driving out the 99 freeway a few minutes longer to enjoy the wonderful small-town charm of Galt. Wide, dusty streets. Friendly store owners. Country atmosphere. Slower pace.
This home sits at the end of a cul-de-sac. It has a huge yard, more than 1/4 acre, according to the county records, and RV access. Why, you could store a boat or a gigantic motorhome and still have enough room in the yard to roll around with a football on Sundays. In fact, there are two yards, separated by a fence. The north side, which has an uncovered patio, a swing set that stays with the home, and the RV access, and the south side, which has another lawn, a dog pen and a workshop building.
Of course, it has a 2-car garage with an opener. There is also a fireplace in the living room, vaults, and an open floor plan. The kitchen has a built-in dishwasher and free-standing gas range. The home was built in 1988 and is located in the Reynolds Ranch subdivision, just off of C Street and Wagon Way.
216 Stirup Court, Galt, CA 95632 is offered exclusively by Lyon Real Estate as a short sale at $160,000. For more information, contact your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759.
Photos: Elizabeth Weintraub
Disclaimer: This home is listed in MLS on September 2, 2010. If you are reading this blog months from now, this home is most likely in escrow, waiting for short sale approval, or the home has closed escrow. It could also be listed with another brokerage or otherwise removed from the market. The price could change. Lyon Real Estate and Elizabeth Weintraub make no representations or guarantees about this home beyond the inception of listing. If you want to know the status of this home, you will need to call your real estate agent or 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.
I like your style Elizabeth. I would've communicated with the assistant too. I had a BOA short sale that the neogtiator insisted needed seller contribution, but the processor writing the letter left it off. It closed without a seller contribution. Good luck on the Galt Short Sale.
Yes, we do tend to work those folks that help us help our clients the best don't we? And you just have to wonder about companies where the left hand doesn't know what the right hand is doing.