Looking To Short Sale But Have Much Needed Home Repairs As Well?

Posted on Jan 15, 2013 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 use my blog to keep Roseville and Sacramento homeowners informed on their options for avoiding foreclosure and how to get out from under their mortgage debt. If you are struggling to pay your mortgage and ready to sell your home please browse my website or call my office to chat with an experienced agent today.

For my blog topic I wanted to talk about a recent short sale I closed through Specialized Loan Servicing and some unique aspects that made this very memorable. This particular Roseville and Sacramento home needed a fair amount of repairs in order to be lived in and luckily we were able to sell it as is. However, the market value of the home set by Specialized Loan Servicing was much higher than the actual value given the needed repairs which affected our negotiations. This property also had a federal tax lien on the property which had to be released before we could complete the short sale. In addition, this borrower was able to qualify for some relocation assistance which helped them find a new property to rent. This short sale took some extra work but this demonstrated the importance of showing the lender your true property value. If you are considering a short sale and your home needs significant repairs contact me to discuss the impact on your short sale.

For more information or to find out if a short sale is right for you visit my website and try my Short Or Stay Calculator today. This free tool will give you a real time assessment of what your home is worth currently and also under different recovery scenarios. Thank you for your time and I look forward to helping you with your Roseville and Sacramento real estate problems in the future.

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Our 2012 Short Sale Results

Posted on Jan 4, 2013 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek with Keller Williams Real Estate, your short sale and real estate specialist in Roseville and Sacramento. I wanted to talk today about our team’s success in 2012. We closed well over 50 short sales; the final number won’t be known until the next week or so because we have a few files that are waiting to close. We’re reflecting back on the past year to see how the changes in the short sale world have affected us as a team and what our success has been.

One of the things that I recommend if you’re looking for a short sale agent is to consider asking them how many short sales they’ve closed within the last year and how many they’ve actually lost to foreclosure. In 2012 we lost no short sales to foreclosure; not a single one. I’ve got to say we had some of the most challenging short sales ever in 2012 with regards to HOA liens, multiple liens, city down payment housing assistant programs. Regardless, though, we were able to find a solution for each of these problems. We are aggressive at finding solutions, so if you’re looking for a short sale agent that has a can do attitude and will stop at nothing to get your short sale completed, then give us a call. We’d be happy to talk with you about your situation and if you’re interested in listing your home, we can go over a short sale with you.

If you’re considering a short sale at all, I recommend the short sale calculator to see if it’s best to keep your property or if a short sale may be the best financial decision for you. If you enter in your information, it’ll tell you how long it will take for you to break even and what your property value is. Maybe you’re in a situation where you may have a pay cut coming up or your interest rate is going to increase in the next few months; this could put you in a position where you won’t be able to afford your mortgage payment any more. Many homeowners that I’ve been speaking with have been in a situation such as this and tried to work something out with their lender but they just haven’t been cooperative. If you’re in this situation, please give us a call because we’re happy to help you and determine if a short sale is in your best interest.

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What Can I Do If My Short Sale Has Been Declined With Another Agent?

Posted on Nov 3, 2012 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek with Keller Williams Real Estate in Roseville and Sacramento and I’m your short sale specialist for the surrounding area. I wanted to talk today about short sales that get declined. The interesting thing is that I’m closing yet another short sale that had been declined in the past with another agent. The agent gave up and the seller didn’t think there was any way to get their short sale approved until I got in touch with them. Now they have a short sale approval, will be closing very soon and are avoiding foreclosure.

I wanted to reach to those out there that are in this situation; if you feel you can’t get a short sale approval, please give me a call. On the short sales that I am getting approved, there’s always been at least one or more things that were done incorrectly in the past that made the short sale get declined. If you have one of these situations either send me an email or give me call so we can talk about it. There’s a pretty good chance that I can figure out why your short sale was declined in the past and we’ll give you the opportunity again to avoid foreclosure and get an approval on your short sale.

If you have any further questions, don’t hesitate to explore my short sale website further. It’s a good resource to utilize because there are numerous videos archived on there relating to every subject surrounding short sales. Also on my website you can find the short sale calculator which can help you determine just how underwater you are on your home and if a short sale is the right answer for you. Again, this is Mark Peek, your Roseville and Sacramento short sale specialist, and I’d like to encourage you to browse my website or simply give me a call if you have any questions regarding short sales.

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Another Short Sale Success With Another New Lender In Homeward Residential

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

Hello everyone this is Mark Peek with Keller Williams Realty here in Roseville and Sacramento thank you for your time today. I work with Roseville and Sacramento homeowners every day to find their best option for avoiding foreclosure and use this blog to share valuable information for homeowners in the same situation. If you are currently behind on your payments and your mortgage is underwater please take a minute to browse my website or call my office directly to chat with a short sale expert about the options for selling your distressed property.

For my blog today I wanted to talk with Roseville and Sacramento homeowners who have their mortgage through Homeward Residential about the opportunity to complete a short sale. Homeward Residential really came out of nowhere and is actually the new name for a common lender in this area, American Home Mortgage Servicing. I recently closed my first short sale with Homeward Residential and everything went great. GMAC was the second line holder on this Roseville and Sacramento property but I was able to settle the entire debt for the selling price and we even qualified for HAFA. While not every short sale client I take on is able to qualify for HAFA it is a big help to Roseville and Sacramento homeowners when they know there is a check waiting for them at the closing table. The team at Homeward Residential did a great job helping my client sell their distressed property and I look forward to working with them the next time I have a Homeward Residential short sale. Even if you think you would not qualify for a HAFA short sale it is in your best interest to contact a short sale professional to learn more.

Many Roseville and Sacramento homeowners are denied for programs like HAFA for the wrong reasons which is why someone with short sale success can be a big help. Please fill out a contact form on my website or call me today if you are ready to short sale your property through Homeward Residential. Thank you for your time today and I look forward to helping you in the future with all of your Roseville and Sacramento real estate needs.

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