Can’t Afford Necessary Home Repairs? A Short Sale May Be For You

Posted on Nov 28, 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 Roseville and Sacramento homeowners every day finding the best alternatives to foreclosure and use this blog to share valuable information with distressed property owners in similar situations. If you are struggling to make your mortgage payment every month or need to sell your distressed property fast please take a minute to browse my website or call me directly to learn how I can help you find the answer.

For my blog today I wanted to talk with Roseville and Sacramento homeowners who have their mortgage through Bank of America about the opportunity to complete a short sale. I recently closed a short sale through the FHA on a Bank of America mortgage that was very unique. This particular Roseville and Sacramento homeowner had an underwater mortgage but their hardship was a new one for me. This client could afford their current mortgage payments but the home required some much needed repairs in order to stay in the home. These home repairs included a new section of the roof and adding siding but the costs of these necessary repairs were simply too much to afford. In the past some Roseville and Sacramento homeowners would have chosen a home equity line of credit to pay for these repairs but with home prices still recovering this was not an option. In the end we were able to present this as a valid hardship and the short sale was just recently closed.

So remember, no matter what your situation you may qualify for a short sale in Roseville and Sacramento. If you have any questions or are ready to start your file fill out a contact form on my website or call me today to get started. Thank you for your time and I look forward to helping you in the future with all of your Roseville and Sacramento real estate needs.

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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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Why Did My Sacramento Short Sale Get Declined?

Posted on Aug 6, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek with Keller Williams Realty in Roseville and Sacramento thank you for your time today. I work with distressed property owners every day in Roseville and Sacramento and use this blog to share valuable information on your options for avoiding foreclosure. If your Roseville and Sacramento mortgage is underwater and you are unsure what to do visit my website or call me today to learn more about your options.

For my blog today I wanted to speak with you about the possibility of your short sale getting declined in Roseville and Sacramento. It is certainly never a good thing when your short sale gets decline and unfortunately your lender does not always give you the best explanation of why. There are numerous reasons why a short sale is declined including inaccurate paperwork, an invalid hardship, or simply a problem with the negotiator. One thing to remember is that just because your file was declined once does not mean that you cannot get a short sale approval in the future. Some of the Roseville and Sacramento clients I have worked with simply had an unqualified negotiator or their agent did not have short sale experience with that particular lender. If your Roseville and Sacramento short sale is declined it is important to know the reason behind the decision in order to resubmit the file correctly. A good short sale agent does not charge any upfront fees and even if a short sale is declined it is still the top priority to sell your home.

If you have questions on your mortgage or already considering a short sale take a minute to browse my website or call me today to learn more. If you are unsure if a short sale is right for you take a minute to try the Short Or Stay Calculator on my website to find out when your home may be an asset again. Thank you for your time today and I hope to hear from you soon.

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How Long Will I Have to Wait to Purchase Another Home After I Complete a Short Sale?

Posted on May 14, 2012 in Roseville and Sacramento Short Sale FAQs

Hi everyone, this is Mark Peek at Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. Today’s topic is one of the most frequently asked questions I get and that’s how long will it take before I’m able to purchase another home again after I complete a short sale? Well, the time frame for that can actually vary widely. It can vary from a week after I close your short sale to three years. The reason being is if you complete a short sale and you’re current and you have a very valid reason such as divorce or huge loss of income and another is relocation. Especially if you’re relocating a fairly long distance around 100 miles or so, then you might qualify for a short sale and purchase again with an FHA loan. This is something we would want to pre approve before we start the process just to make sure that it is an option for you.

Otherwise, you can actually obtain a new VA loan; if you had an exception on that one within a year. You can also obtain an FHA loan in around 3 years after a short sale. At the end of the day what you really need to look at is your financial situation. How much is your home underwater? If it’s going to take you five or six years to recover, then you might want to think about a short sale as a way of getting yourself back on the financial track.

Again, I’m Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist and I’m here to help. If you have any specific questions about your situation, you can hit the start here button at the top of our website. You can also give me a call directly and I’d be happy to follow up with you. Thank you and have a wonderful day.

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