Underwater Mortgages Affecting Average Joes and Celebrities Alike, You Are Not Alone

Posted on Oct 4, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek with Keller Williams Realty in the Roseville and Sacramento area thank you for your time today. I work with distressed property owners in the Roseville and Sacramento region every day to help them find their best alternative to foreclosure and use this blog to share that information with you. If your mortgage is underwater or if you are struggling to make your payment every month please take a minute to browse my website or call me directly to learn about all of your real estate options.

For my blog today I wanted to talk with Roseville and Sacramento homeowners about the difficult decision to complete a short sale and hopefully provide some reassurance when making this tough decision. Having lived in the Roseville and Sacramento area for a long time I have seen numerous homeowners, whether people in my neighborhood or big time Hollywood celebrities, have to go through a foreclosure or be able to save them self through the short sale process. This includes big time actors and athletes such as Bert Reynolds, David Cassidy, and JaMarcus Russell and just goes to show that everyone has been affected by this weakened housing market. Even if your mortgage is underwater by forty or fifty percent a short sale is still a possibility and it is never to early to consider one. Hopefully this information has provide you some comfort in that this is a national problem that affects numerous homeowners.

If you are ready to sell your distressed Roseville and Sacramento property and are considering a short sale please fill out a contact form on my website or call me directly to learn what your options are. On my website you can also try our Short Or Stay Calculator which will help you determine if a short sale is right for you. Thank you for your time today and I look forward to hearing from you soon.

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Is It Possible To Do A Short Sale With A Federal Tax Lien?

Posted on May 13, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone this is Mark Peek at Keller William’s Real Estate, your short sale specialist in the Roseville and Sacramento area. Today’s topic is regarding IRS tax liens that have been attached to your house; the tax lien could have happened in the past or is recent, but either way, it’s been attached to your home loan and you need it removed in order to complete the short sale. You may be underwater at this point, wanting to do a short sale and wondering how that will happen. Will the IRS actually negotiate that, will they remove the lien and can we move forward with the sale?

I can tell you that I can negotiate with the lien holders, such as Bank of America, Chase, Wells Fargo, and get them to settle for less, but the IRS will not settle for less. They will, however, appreciate the fact that you’re trying to avoid foreclosure and will work with you in order to complete a short sale and remove the lien. They won’t necessarily discount your payoff on your tax lien, but they will work with us to get it removed, as long as you provide the requested paperwork. There is a lot of paperwork that they require, such as a buyer’s appraisal and certificate of tax discharge documentation; essentially you need to make sure all of your financial documents are in order to get the federal tax lien removed so we can close the short sale.

If you have any specific questions or you have a situation similar to this, please give me a call or click Start Here at the top of the page. I would be happy to follow up with you, answer all of your short sale questions and help you with your specific situation. Again, I’m Mark Peek with Keller William’s Realty in Roseville and Sacramento and I’m your short sale specialist for the entire Roseville and Sacramento area. I look forward to working with you and meeting your short sale needs.

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Does It Make Financial Sense To Rent Instead of Short Sale Your Property

Posted on Mar 9, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek and I am your short sale specialist in the Roseville and Sacramento area. Thank you for checking out my blog today. I use my blog to provide valuable information to Roseville and Sacramento homeowners on their options for avoiding foreclosure in this tough housing market. If you are behind on your mortgage or already considering a short sale please stop by my website or contact me directly to discuss your options.

For my blog topic today I wanted to talk about renting your underwater property as an alternative to completing a short sale. I have numerous clients ask me if this is a viable option for staying current on their mortgage instead of going through the short sale process. This may seem like a great short term solution but there could be problems for you down the road. First of all, if the rent paid each month is not enough to pay your mortgage you will still be paying money out of pocket for a home you have no equity in. Another important factor to consider is how your renters will treat your home while renting it. The wrong tenet may cause severe damage to your home causing even more out of pocket expenses for repairs and upkeep. If there is damage and you need to make repairs you may lose that rental payment and have to pay even more out of pocket to cover the entire mortgage. Anytime there is a negative cash flow situation on your property it is in your best interest to talk with a short sale expert about the different options you have.

While renting is an option, if it’s still costing you money out of pocket each month then a short sale may be your best option. On my website you can find a great new product that can help you make this decision called the Short Or Stay Calculator. This free tool will show you how long it may take to start building equity in your current property. After using the Short Or Stay Calculator give me a call to discuss your results and what your next step should be. Thank you for your time and have a great day.

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An Interesting Short Sale Story While Working With AHMSI

Posted on Feb 1, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek with Keller Williams Realty, your Roseville and Sacramento area short sale specialist, thank you for checking out my blog today. I work with homeowners in the Roseville and Sacramento area to avoid foreclosure and I update my blog frequently to provide valuable information on that exact topic. If you are behind on your mortgage, or already considering a short sale, please browse my website for more information or give me a call to discuss your options.

Today I wanted to talk specifically with homeowners who may have their mortgage through American Home Mortgage Servicing Incorporated. Their company name can be tough to remember and unfortunately their negotiators can be even more of a headache. On one particular file I received a handful of e-mails that were not only hard to read but also made no mention of responding to my inquiries. Granted this is only one of their many negotiators but it just goes to show that sometimes it is necessary to seek out a manager in order to get a short sale approved. On this short sale I ended up reaching out to some of the vice presidents of the company in order to get this deal closed.

While every short sale file is not nearly this troublesome it does show how dedicated I am to helping homeowners get out from under their distressed property. Hopefully my short sale experiences with AHMSI are better in the future but either way we will get an approval If you have a mortgage with AHMSI, or any other lenders, please give me a call today to discuss your options for avoiding foreclosure. I am Mark Peek your Roseville and Sacramento short sale specialist, thank you for your time and have a great day.

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