Sacramento Real Estate Views

Archive for June, 2009

Home Sales Report – Stanford Ranch, Rocklin – 5/26 to 6/01

Once again, the Stanford Ranch Rocklin real estate market had a small number of closings this week.  That said, there are over 31 homes in sale pending in the area with 79 homes currently on the market for sale in either short sale or regular active status.  Of those 79 homes, 16 are short sales and 6 are REO or bank owned homes.  In comparison to the Sacramento market, those are great percentages.

Here are the homes that sold this week:

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Tags: rocklin homes for sale

The First Step To Getting Your Short Sale Approved

Having to sell your home short is hard.  You’re in a tough spot, you may have lost your job, getting divorced, been injured or just have too much debt and can no longer afford the mortgage payment.  This is happening all over the Sacramento region as well as all over our nation.

If you must sell your home short of what you owe, you’ve got to make sure that you get the right agent who knows the process of short sales to help guide you through what it will take to negotiate with your lender to approve the sale and get you on your way as quickly as possible.

The Short Sale Package

The first thing to understand is that there isn’t anything quick about a short sale.  They can take up to 90 to 120 to get approval once offers have come in.  Often times the buyer’s get tired of waiting and proceed on to another home and the possibility of foreclosure is looming.

If you get your package together in advance, it can make a world of difference in the time it takes for your lender to approve you to sell short.  Here’s a sample list of what could be required by your lender:

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Tags: short sales rocklin roseville sacramento