El Dorado Hills CA – Here is a problem: Buyers don't like short sales because of the uncertainty and the wait. How do we solve this problem? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. During the short sale process, if the BPO gets completed and the bank won't accept the buyer's offer, then request that the bank to keep the file open. There are several reasons that banks should be willing to keep the file open. Reason #1: Their investor has already spent $65 to $100 on a BPO. Reason #2: A bank or servicer's job is reducing the losses as much as possible. Keeping the file open will make the property more marketable, which will cause it to sell for a higher price. Reason #3: It will help the bank/servicer reduce their costs. It will tak... 11/09/2011

El Dorado Hills CA – If you are considering buying a short sale, then you should know what you are getting involved with. First off congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable homes. So you get the advantage of getting a good deal. Now, I am sure you are asking, “Why are short sales a bargain?” The reason is that a short sale takes longer than a normal real estate sale. You have to wait 30-60 days for the seller’s bank to approve your offer. In addition, some agents do not understand short sales. They talk bad about them even though they have not educated themselves on how they work. Here are a few things you should educate yourself on before making an offer on a short sale. How experienced at short sales i... 08/08/2011

What difference does a year make?  All would-be home buyers, waiting for the market to bottom, should consider the following:  While it's true that the best environment home buyers have ever seen may have been from January to late May of this year, outstanding opportunities still exist for those who act soon. If you are planning to buy a home, there are important dates on the calendar that you need to take note of so you can act accordingly. These dates represent money-saving opportunities for consumers.  We may never see rates this low again:  In response to the faltering economy in late 2008, the Federal Reserve announced they would start buying Mortgage Backed Securities (MBS). Immediately after this announcement, 30-yr. fixed rates plunged into the mid 4% range. What you need know i... 07/23/2009