A Sacramento short sale agent has her highs and lows during the day. One day the bank is telling me the investors will not postpone an auction. And I have to pass on that information to the seller, which breaks my heart. I beg for one more attempt. Then, 2 days later, the investor pulls a Jekyll and Hyde and approves the short sale, with the caveat we have to close in 2 weeks and no extension. I swear, I sometimes feel like Fred Sanford, clutching his chest and looking skyward: I'm coming, Elizabeth.
In another short sale, we have approval from Chase Bank. I tell the seller, like I always do, to get legal advice about that approval letter, because my license does not allow me to give advice about it. The letter says that Chase will release the loan and "settle the account." The lawyer says he wants the bank to change the wording on the approval letter. Great, Mr. Lawyer, then send me a formal letter with that request, and I'll gladly forward it to Chase Bank. Tell the bank exactly what you want.
The lawyer then sends a letter to the sellers, which they forward to me. It's pretty wimpy. Not forceful. They ask what I think, and I tell them. Well, what should it say, they ask? Hey, it's not my business to write letters for their lawyer, I respond. That's his business, but if I might I would possibly suggest that he include some kind of verbiage about California Civil Code 580e. Why am I telling a lawyer what to write? I guess because I want this transaction to close. I'm coming, Elizabeth.
If you're looking for a short sale that will undoubtedly close without a lot of drama, here is a new short sale listing in the Del Dayo neighborhood in Carmichael. It's a pool home, too.
Mid-century home, built in 1965. Hardwood floors in most of the rooms, maybe all of them as 2 bedrooms have carpeting and I didn't pull it up. The master suite overlooks the pool. Would be nice to lie in bed reading on a lazy Sunday afternoon and gaze out at the sparkling pool in the sunlight.
It's an open floor plan, with a horseshoe-shaped kitchen. Tiled counters and floor, but it could use updates. The living room has a bay window and a fireplace, plus access to the yard and patio. All together, there are 3 bedrooms and 2 baths, a hair under 1,500 square feet.
There's a bonus room out back. An outbuilding of newer construction. It has electricity and a window AC, making it a perfect location for a workshop, studio, office or even a mancave. Do we have women caves? Oh, right, they're called the kitchen. I'm just kidding about that last part. Besides, my husband in control of our kitchen at home. I don't even know where the pans go.
Del Dayo is a highly desirable place to live in Carmichael, primarily because of the elementary school. If you're looking for an entry level and affordable home in Del Dayo, don't shuffle your feet and lose your seat. Run out to see this and make an offer.
1208 Meredith Way, Carmichael, CA 95608, is offered exclusively by Lyon Real Estate as a short sale at $349,000. For more information, call your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759. For a private showing, call Barbara Dow at 916 761 7398.
Photos: I. Smith and 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.
Elizabeth - This is a great short sale pool home for sale in Del Dayo and no short sale drama is a HUGE plus!
Always excitement of some sort in the world of short sales Elizabeth. Makes life never boring.
Elizabeth, it is so refreshing to learnthat a short sale of bank owned transaction does not involve stress, trauma or anxiety. Good to hear but I'm thinking it's the exception and not the rule ;-)
Not every short sale has drama, but the ones that do are hard to forget. This is a fairly straight forward short sale, and it's a great neighborhood.
Elizabeth - you are saying that not every short sale has drama. Maybe. Most of them do have. Two many parties, and too many agendas, and they do not always play in accord
Elizabeth, this is a very nice home an great info. Goodluck selling.