Should I Buy A Foreclosured Property?

Green MortgageBuying a foreclosed property in Sacramento and the surrounding area can be different than buying other types of real estate. And if you are a first time home buyer, this may not be a road you want to  travel down.

In many cases you will be able to get a fantastic deal on a home, but you will need to go through quite a bit of work and negotiation. Here are some of the basics facts from a local agent with a ton of experience in the area of Foreclosed property – click here for video Continue reading “Should I Buy A Foreclosured Property?”

Short Sale : How Do I Write A Hardship Letter?

Short SaleThere are alternatives to bankruptcy or foreclosure for home owners who can no longer afford to keep mortgage payments current – It’s called a “short sale”. A short sale is when a property is sold for less than its remaining mortgage principal balance, and executed as a way for both the existing homeowner and mortgage lender to cut their respective losses.

Typically, although not always, short sales are reserved for situations of extreme financial hardship; just prior a bank beginning foreclosure proceedings.

Continue reading “Short Sale : How Do I Write A Hardship Letter?”

Is The Real Estate Market in Sacramento Really Getting Better?

For that matter, is the Real Estate Market in California truly getting better?

84 U.S. Markets Improved In July, and the Wall Street Journal proudly called an end to the housing crisis, a declaration made without hedge, stating, “the housing bust is over.”

Continue reading “Is The Real Estate Market in Sacramento Really Getting Better?”