Granite Bay CA – First, it benefits the owner of the loan. This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings. All of the listings were the similar properties in similar neighborhoods. First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT. Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. They are sold for an average of $85 a SQFT. These homes average 1,700 a SQFT. That means a 1,700 SQFT REO sold for $30,600 less. Ouch! Discover how other sellers successfully did a short sale and request a free consultation by clicking here. The other person that’s getting valu... 11/20/2010

Granite Bay CA – I’m sure you have heard about forensic loan audits. I’ve heard people say how wonderful they are. “Your lender will approve your short sale right away”, claims one. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. An agent told me a story about forensic loan audits. He worked with a woman who was trying to short sales 3 houses. He knew they were short sales and was glad to list them for sale. There was a guy involved who was supposed to be doing all the “negotiating” with the lender. Little did this agent know this guy was trying to flip the houses. This guy had a forensic loan audit done. He claims he paid foreclosure defense lawyers out of his own pocket. He did all this stuff in an attempt to force the lender ... 11/19/2010

Granite Bay CA – The Stop Foreclosure Institute recently received a question from James. “My loan was just sold. I was making payments to CitiFinancial and they sold it to Nationstar. Is that good or bad?” James asked. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Here is the answer. It’s neither good nor bad. In fact, I don’t think your loan was sold. You see, most loans were packaged up and sold to Fannie Mae, Freddie Mac, or Wall Street. James’s loan was more than likely packaged up and sold off. I asked him who his original lender was. He said it was a company called First Magnus. (First Magnus declared bankruptcy in 2007 and was afterwards closed.) The Stop Foreclosure Institute has negotiated short sales on loans that we... 11/19/2010

Granite Bay, CA - Foreclosures / Bank Owned Homes / REO Properties (November 8-12, 2010) Here is a list of bank owned homes in Granite Bay, California (Placer County) that foreclosed during the week of November 8-12, 2010: 6953 Brandy Circle, Granite Bay, CA 95746 (3/2, 1808 sq. ft. built in 1983) 6025 Macduff Drive, Granite Bay, CA 95746 (4/2, 2292 sq. ft. built in 1977) In comparison, there were 2 properties in Granite Bay, California that went back to the bank last week. These REO properties may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Granite Bay, California! Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you are interested in buying foreclosures through Souza Realty and would like to be notif... 11/15/2010

Granite Bay CA – What do you do when the house won’t sell for any more money, but the bank keeps on rejecting the offers? You can give up, but the seller may lose their home to foreclosure. Ouch! Why not escalate the file and get it approved. Here’s an example of how it worked for the Stop Foreclosure Institute. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. We had a house on the market for 4 months. We started the price at 200k and slowly brought it down to $169,900. We finally got an offer for $159,000. Since I knew the bank’s appraiser’s valuation, I knew the offer wouldn’t work. The bank’s appraiser said the house was worth $195,000. Yes, after we had had the house on the market for 4 months. Because I knew the loan owner’... 11/11/2010

Granite Bay CA – First, it benefits the owner of the loan. This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings. All of the listings were the similar properties in similar neighborhoods. First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT. Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. They are sold for an average of $85 a SQFT. These homes average 1,700 a SQFT. That means a 1,700 SQFT REO sold for $30,600 less. Ouch! Discover how other sellers successfully did a short sale and request a free consultation by clicking here. The other person that’s getting valu... 11/10/2010

Granite Bay Short Sale – Many people think that in order to be eligible for a short sale you must stop paying your lender. That is not true. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Many lenders will approve a short sale, even if you are current on your payments. They will consider a short sale based on another hardship, such as a job transfer, job loss, or if you foresee that you won’t be able to make the payments in the near future. Should you stop making your payments? I am not a lawyer, and therefore cannot give legal advice. I can tell you my opinion. It all comes down to what is most important to you. If reducing damage to your credit rating is important, then continue paying for as long as possible. Continue paying... 11/09/2010

Granite Bay CA – The Stop Foreclosure Institute received another testimonial from a seller. She said a lot of stuff and it refreshed my memory. The average person just doesn’t realize how “going broke” makes people feel like trash. People start doubting themselves. They keep on kicking themselves down mentally. “Why did I buy that house?” “Why didn’t I work harder at my job, so I wouldn’t get laid off?” Why did I get laid off, and not Joe?”, they say to themselves. “I am such a loser and I can’t find a decent job anymore!” Discover how other sellers successfully did a short sale and request a free consultation by clicking here. They start thinking all of this stuff. Then, they start getting a lot of mean people calling the house. People such a bill collectors, debt collectors, and their... 11/09/2010

Granite Bay, CA - Foreclosures / Bank Owned Homes / REO Properties (November 1-5, 2010) Here is a list of bank owned homes in Granite Bay, California (Placer County) that foreclosed during the week of November 1-5, 2010: 4570 Rolling Oaks Drive, Granite Bay, CA 95746 (4/2, 2429 sq. ft. built in 2001) 8920 North Seville Circle, Granite Bay, CA 95746 (6/8, 7695 sq. ft. built in 2007) In comparison, there were 0 properties in Granite Bay, California that went back to the bank last week. These REO properties may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Granite Bay, California! Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you are interested in buying foreclosures through Souza Realty and would like t... 11/08/2010

Granite Bay CA – I’ve heard the following myth from a lot of people. Here’s what they tell me. “The banks can’t afford to approve loan modifications because they don’t want to take the losses on their books that fast. Also, their investors may not approve the short sale, because they can’t afford to write off too much loss at once. And the circle goes around and around”, they say. This common myth isn’t true. Here is why. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. The odds are that your loan is not owned by your lender. For example, 80% of all Bank of America’s loans are not owned by them. The biggest holders are the Government Sponsored Enterprises, also called GSEs. The GSEs are Fannie Mae, Freddie Mac, and Ginnie Mae. Th... 11/08/2010

Granite Bay CA – Short Sales can be frustrating. Ask anyone who has negotiated a short sale with a lender and they will tell you the process is tough. Here is a story that illustrates this point. You are negotiating a short sale with a lender. You call in and talk to a someone in a call center overseas. They are very helpful and give you the fax number for the short sale paperwork. You fax the short sale package. A few days later you call in to follow up. (Most lenders systems take a few days to process the paperwork.) They tell you that they have no record of having received your paperwork. “That’s pathetic”, you tell them. “I sent it to this fax number. Can you confirm that is the right one?” “No, that is not the correct fax number”, they tell you. “Here is the correct fax number.” Th... 11/05/2010

Over 17 Offers On This Home - 7635 Memory Lane, Granite Bay, CA 95746 I am not the listing agent for this property located at 7635 Memory Lane in Granite Bay, California, but I represented a cash buyer who was apparently outbid...even though he offered $30,000 over the asking price of $185,000! The home at 7635 Memory Lane, Granite Bay, CA 95746 has been in "pending" status for 10 days now and I'm curious to find out what the final sales price is when it finally closes escrow...it was a cash offer that the seller accepted on this traditional sale, so perhaps it will be closing soon! There were no pictures for this listing on the MLS, but I took some when I was there since my buyer was going to completely remodel and add on to the existing home, which was only 1250 square feet with 3 bed... 11/05/2010

Granite Bay CA – Wall Street Fat Cats say homeowners shouldn’t walk away from upside down homes. Why? “If you do it, then everyone will start doing it”, they say. “It isn’t moral. People should own up to their commitments. People should be responsible. This is more than just a contract. It’s what holds the entire economy together.” However, those same rules don’t seem to apply to the Wall Street Bankers. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Turns out Wall Street firm Morgan Stanley strategically defaulted on their upside down properties. Here is the article from Bloomberg: Morgan Stanley to Give Up 5 San Francisco Towers Bought at Peak. Here is what the article says: “Morgan Stanley, the securities firm that spent mor... 11/03/2010

Granite Bay Short Sale FAQ's – Should you walk away or should you stay? Here is how to determine whether or not you should walk away from your home. Because of the decline in the nationwide housing market, I doubt that your home is worth what you paid for it. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. First, determine the current market value of your home. Talk to a realtor. They will give you a market analysis, based on what other homes similar to yours are selling for. For example, we recently helped a home seller who had paid around $700,000 for his home. We thought the home was worth about $400,000. His mortgage payment was a little over $4500 a month. When you add in the property taxes and insurance his total monthly p... 11/02/2010

Granite Bay, CA - Foreclosures / Bank Owned Homes / REO Properties (October 18-22, 2010) Here is a list of bank owned homes in Granite Bay, California (Placer County) that foreclosed during the week of October 18-22, 2010: 5000 Eagleton Way, Granite Bay, CA 95746 (4/4, 3440 sq. ft. built in 2001) 5135 Stirling Street, Granite Bay, CA 95746 (5/5, 5222 sq. ft. built in 2003) 7605 Sierra Drive, Granite Bay, CA 95746 (3/3, 2059 sq. ft. built in 1969) In comparison, there were 0 properties in Granite Bay, California that went back to the bank last week. These REO properties may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Granite Bay, California! Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you are inter... 10/24/2010

Granite Bay CA – Wells Fargo is one of the largest lenders in the US. They are the second biggest short sale lender we work with. The Wells Fargo Loss Mitigation Department is much better to work with than other lender’s loss mitigation departments. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Wells Fargo has two loss mitigation departments. One is located in Fort Mill, South Carolina. The other is located in Milwaukee, Wisconsin. Here is what we do to negotiate a short sale with Wells Fargo. To start a short sale with Wells Fargo, we first call 1-877-216-8448. We ask the representative what the short sale fax number is. That is where we fax the entire short sale package. In my experience, these phone and fax numbers are ofte... 10/21/2010

Granite Bay, CA - Foreclosures / Bank Owned Homes / REO Properties (October 4-8, 2010) Here is a list of bank owned homes in Granite Bay, California (Placer County) that foreclosed during the week of October 4-8, 2010: 9401 Treelake Road, Granite Bay, CA 95746 (4/3, 2558 sq. ft. built in 1994) 6060 Carolinda Drive, Granite Bay, CA 95746 (3/3, 1962 sq. ft. built in 1999) 8418 Granite Cove Drive, Granite Bay, CA 95746 (3/2, 1650 sq. ft. built in 1999) In comparison, there was 1 property in Granite Bay, California that went back to the bank last week. These REO properties may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Granite Bay, California! Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you are inter... 10/10/2010

Granite Bay CA – If you are upside down, then you might be tempted to walk away. You’ll mail your keys to the lender and move out. Before you move out, I have some important information to tell you. You should stay in the house for as long as possible. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. In fact, the average length of time you can live for free is 469 days. That number is a statistic I’ve seen lots of people throw around. Many lenders take around 12 months to file foreclosure. Then, the foreclosure process can last 6-12 months, if not longer. Here is the bottom line: Don’t move out as soon as you get behind. Stay in the house and save the money you would be spending on rent. After the lender forecloses you will have ... 10/09/2010

Granite Bay CA – A hardship letter is one of the most important items in a short sale. This is your opportunity to explain why your lender should approve your short sale and let you walk away from the debt. In clear terms, you need to layout exactly why you can no longer afford to keep the property. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Under no circumstance should you say any of the following. “I don’t want the house anymore.” “It doesn’t make sense to keep the house because it isn’t worth what I owe on the mortgage.” Or, “I can afford the house, but I think paying the mortgage is a bad investment.” Absolutely do not say anything like that. Instead, say the following. “Our income went down and we can no longer afford ... 10/09/2010

Granite Bay, CA - Foreclosures / Bank Owned Homes / REO Properties (September 27 - October 1, 2010) Here is a list of foreclosures / bank owned homes in Granite Bay, California (Placer County) that became REO properties during the week of September 27-October 1, 2010: 4623 Snowden Court, Granite Bay, CA 95746 (4/4, 3772 sq. ft. built in 2000) The number remains the same, as there was 1 property in Granite Bay, California that went back to the bank last week. This bank-owned property may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Granite Bay, California! Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you are interested in buying foreclosures through Souza Realty and would like to be notified when a p... 10/04/2010