Announcement From Zillow May Require Distressed Homeowners To Act Fast

Posted on Nov 24, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone Mark Peek here with Keller Williams Realty, your Roseville and Sacramento short sale specialist, thank you for your time today. I work with distressed property owners in Roseville and Sacramento every day and use this blog to share valuable information with homeowners who need to sell their home fast in order to avoid foreclosure. If you are struggling to make your mortgage payment every month or have seen the value of your home greatly diminished please visit my website or call me today to chat with an expert about your options.

For my blog today I wanted to talk with Roseville and Sacramento homeowners about some recent changes at Zillow. An announcement came out recently to let Roseville and Sacramento homeowners know that Zillow will be making foreclosures and pre-foreclosures public on their website. In other words if you have received a notice of default or a notice of trustee sale on your property it will show up on the Zillow website. This means anyone searching for your property, whether looking to buy or sell, will have that information available to them regardless of your situation. If you are considering a short sale, or have been struggling to make your mortgage payments, I would suggest taking action before this occurs in order to protect your good name. One of the biggest changes this could bring for Roseville and Sacramento homeowners is the amount of phone calls, e-mails, and mail you may receive from your servicer or investor. Having this information available online will allow mortgage companies and investors to reach out to homeowners much faster than in the past.

If you are considering a short sale or just need to sell your distressed property fast please fill out a contact form on my website or call me today to get started. Thank you for your time today and I look forward to helping you with your Roseville and Sacramento real estate needs in the future.

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Nationstar Short Sale Information from a California Nationstar Short Sale Specialist

Posted on Mar 12, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, I’m Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialists. Today’s topic is Nationstar. Have you had your loan transferred over to Nationstar? Nationstar has taken on a lot of the servicing rights for a lot of the Fannie Mae loans recently.

So if you are interested in potentially discussing a short sale and you have a Nationstar mortgage, we should definitely talk. If you’re interested in a short sale at all, one of the things that I really wanted to point out to you is the calculator that’s on my website. It is the short or stay calculator and what happens is if you enter in your information you can get a detailed report to find out how long it is going to take you to break even on your mortgage. How long is it going to take for you to just break even in this deal?

A lot of people are thinking about their houses as a business decision. If they are upside down $150,000 to $200,000, how many years is it going to take to get back? Does it make more business sense to actually go ahead and complete a short sale? It is a great tool and resource that provides great information to help you make the best decision for your family and your situation.

If you have any questions, you can hit the start here button and I would be happy to follow up with you. Again, I’m Mark Peek with Keller Williams, your Roseville and Sacramento short sale specialist and I’m here to help. Thank you very much.

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Have You Received a Notice of Intent to Accelerate from Your Bank?

Posted on Feb 17, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, Mark Peek here at Keller Williams Real Estate, one of Roseville and Sacramento’s leading short sale specialists. Today’s topic is sometimes my borrowers often get this in the mail from their servicer on their mortgage. If they’re behind in any way, maybe it’s a month or two and they haven’t had a notice of default filed on them yet, sometimes they’ll get a letter in the mail saying a notice of intent to accelerate. What is this? Well, the letter states that they have a right to accelerate the note and foreclose on the property.

Well, the letter is a little misleading because it almost indicates that they can potentially accelerate, call the note due and foreclose on the property immediately. That’s not the case. They still have to go through California’s foreclosure laws in the process. They still have to file a notice of default; they still have to wait the length of time required before they can file a notice of trustee sale before they can take your property to auction at the court house steps, before it’s foreclosed.

So, if you’ve received one of these letters, you are probably in default and you need to talk to me. Hit the start here button at the top of the page, enter in your information and I’d be happy to contact you. If you received a notice of intent to accelerate, you are on the path to foreclosure and let me help you avoid it. I’m Mark Peek with Keller Williams Real Estate, one of Roseville and Sacramento’s leading short sale specialists, and I’m here to help. Thank you very much.

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