Rocklin Short Sale Specialist– As a short sale specialist in Rocklin, CA, I can tell you that many buyers are uneducated about the process and think they set the rules. That's simply not the case. You, the seller, sets the rules. After all, you still own the property. But, more importantly, you must set the rules for offers. If you don't then you dramatically reduce your odds of successfully completing a Rocklin Short Sale. Here is what you should consider before you take your home off the market. 1. You should only accept and work with one offer at a time. Accepting more than one offer at a time only confuses the Bank. Also, the highest offer price is not always the best offer. 2. You should make sure the buyer is approved for a loan. We need a written letter from preferably a Direct ... 03/02/2011

Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (February 22-25, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of February 22-25, 2011 (there were no trustee sales on February 21, 2011 due to the President's Day holiday): 3014 Springview Meadows Drive, Rocklin, CA 95677 (4/3, 1550 sq. ft. built in 1988) 2808 Club Drive, Rocklin, CA 95765 (4/3, 2403 sq. ft. built in 1992) In comparison, there were 7 properties in Rocklin, California that went back to the bank last week. Some of these REO properties may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Rocklin, California! Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you ar... 03/01/2011

Buy a Home in Rocklin CA - Top 10 Reasons to Live in Rocklin Imagine a city where you're surrounded by beautiful scenery, highly ranked schools, and top-notch amenities. Rocklin CA is all of these things and more. Located in Placer County, just 30 minutes from Sacramento, Rocklin CA. is ranked #65 in CNN Money's list of America's best small cities. Here are 10 reasons to consider buying a home in Rocklin CA: 1. Unbeatable schools. With very high API scores, Rocklin is home to many California Distinguished Schools. 2. Home affordability. In the last few years, Rocklin home prices have fallen significantly. These days, the average Rocklin home price is $275,000. If you want to spend more, Rocklin has some fabulous neighborhoods where current prices range from $700K-$1M. Consider buying a ... 02/25/2011

  Rocklin Short Sale Facts and FAQs - About Short Sales in Rocklin CA - Rocklin Short Sale Specialist, Mark Peek, has seen it all.  Some buyers and agents think that since it is a buyer's market, they have the right to make ridiculous offers. Yet they can't understand when the seller rejects or counters their lowball offer. Here is a recent example. A buyer makes an offer on one of my Rocklin Short Sales. 1. The buyer offers a minimal $1,000 deposit but doesn't want to place the money in escrow for the home. They don't have any "skin in the game." In other words, they have zero risk. (Meanwhile, the seller is still risking foreclosure.) 2. They are putting $200,000 down on the home, but won't bother putting any more than $1,000 in escrow and only after the short sale is approved. 3. The... 02/25/2011

OMG! Yogurt at the Blue Oaks Town Center (Rocklin, CA) It was a combination of the warm sunshine and a Groupon special that brought us to visit OMG! Yogurt at the Blue Oaks Town Center in Rocklin, CA for the first time this afternoon. We have had the pleasure of experiencing different fro-yo shops in the San Francisco Bay Area, from Palo Alto to Danville, Pleasanton and Brentwood...but this was our first experience having fro-yo in Placer County. Starting with a friendly welcome and a very helpful & cheerful employee, we had a wonderful experience at Rocklin's OMG! Yogurt. It was pretty refreshing to see the presence of social media there...from QR codes (leading to their Facebook and Twitter pages) to free Wi-Fi for customers of OMG! Yogurt. Not only is there a choice of 10 frozen yogu... 02/23/2011

Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (February 14-18, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of February 14-18, 2011: 4626 Midas Avenue, Rocklin, CA 95677 (3/2, 1445 sq. ft. built in 2002) 1201 Reading Way, Rocklin, CA 95765 (3/3, 1658 sq. ft. built in 2001) 3200 Hickory Way, Rocklin, CA 95677 (3/2, 1313 sq. ft. built in 1978) 6379 Edgewood Way, Rocklin, CA 95677 (3/2, 1560 sq. ft. built in 1981) 2211 Solitude Way, Rocklin, CA 95765 (5/3, 3196 sq. ft. built in 2001) 6600 Kings Canyon Drive, Rocklin, CA 95765 (5/3, 3370 sq. ft. built in 2003) 2645 Bonanza Street, Rocklin, CA 95677 (3/2, 1360 sq. ft. built in 1974) In comparison, there were 4 properties in Rocklin, California that went ba... 02/21/2011

Yesterday, a woman called me from south Sacramento. She said it was imperative that I drop what I'm doing and come over to list her home as a short sale. She had just received paperwork that said she was approved for a HAFA short sale, and she had until February 19th to submit a listing agreement. She did not know that she had to hire a real estate agent. I asked her if she realized that doing a HAFA short sale meant she would be selling her home. Yes, she understood that part. It made me wonder what kind of person would apply for HAFA and be unaware that had to hire a Sacramento short sale agent? Hmmm . . . sounds like a seller who thought maybe they'd sell their home to a friend, an acquaintance, a relative? She appeared very distraught when I explained the nuances of an arms-length a... 02/17/2011

Short Sale Rocklin CA Facts & FAQs – Rocklin Short Sale Specialist, Mark Peek, answers an FAQ about short sales.  You have probably heard the term "BPO" and wondered what it meant. BPO stands for Broker's Price Opinion. A Broker's Price Opinion is when a licensed real estate agent gives their opinion of the value of a property. That value is what the lenders use to process the short sale. Most short sale approvals or denials are based off of that opinion of value. The agent goes thru all the recent sales of properties similar to the property they are valuating. They want to find the 3 closest comparable sales. The more recent a sale is then the closer of a comparable it is considered to be. The same goes for properties that are close geographically (in the same neighborhood is preferre... 02/16/2011

Rocklin Short Sale Specialist-FAQs About Short Sales in Rocklin CA Short sales are relieving hundreds of Rocklin homeowners from the financial stress of upside-down mortgages. Since the beginning of 2011, there have been 27 homes sold as short sales in Rocklin. However, short sales come with a lot of questions:  Will I have tax liability? How long will I be able to stay in my home?  When will I be able to buy again? I am Allan Sanchez, Rocklin Short Sale Specialist, and I have sold over 100 homes in Rocklin and surrounding areas in Placer County.  I know the real estate market, how to sell in this market, and negotiate a successful short sale for you.  I will assist you in getting your short sale sold in the most discreet, professional manner possible.  Before you short sale your home, ... 02/15/2011

Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (February 7-11, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of February 7-11, 2011: 2540 Polar Star Street, Rocklin, CA 95677 (3/2, 1482 sq. ft. built in 1976) 2313 Canary Drive, Rocklin, CA 95765 (3/2, 1526 sq. ft. built in 2001) 4915 Whitney Boulevard, Rocklin, CA 95677 (4/2, 1662 sq. ft. built in 1976) 1711 Poppy Drive, Rocklin, CA 95765 (4/2, 1870 sq. ft. built in 1998) In comparison, there were 11 properties in Rocklin, California that went back to the bank last week. Some of these REO properties may soon be listed on the market, so consider this an sneak preview of future foreclosure listings in Rocklin, California! Please contact Bob Souza at (925)... 02/14/2011

  Rocklin CA Loan Modification – Have you ever attempted to get a loan modification? If you have, then you probably get annoyed when you hear banks talk about how they suposedly care about their customers. Somehow these banks think we will believe it. They must think that, or they wouldn't be running ads that say: "Come to ABC Bank. We answer you by your first name. You're not just a number. We care about you." What a lie. Anyone who has attempted to negotiate a loan modification feels like they just went thru the meat grinder. Discover how other sellers successfully did a Rocklin Short Sale to avoid foreclosure. "Sir, we can't approve your loan modification until you send us the TPS form", the person at the bank tells you. "But, I already faxed that to you five different times over the... 02/14/2011

  Rocklin Short Sale Facts & FAQ's - Wells Fargo is one of the largest lenders in the US. They are the second largest short sale lender we work with. The Wells Fargo Loss Mitigation Department has improved more than other bank's loss mitigation departments. Wells Fargo has two loss mitigation departments. One is located in Fort Mill, South Carolina. The other is located in Milwaukee, Wisconsin.  If you have a loan with ASC - America's Servicing Company, Wells Fargo is also the point of contact to start and negotiate your short sale. 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. Yes, they st... 02/12/2011

  Short Sale Information Rocklin – Rocklin Short Sale Specialist, Mark Peek, recently received a question from Mike. Here is Mike's Question. "I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Mike." Here is the answer to Mike's Question: The bank will pay those property taxes. Property taxes are a first priority lien on a property. That means that if a property is foreclosed upon, then they still have to be paid. They don’t go away for any reason. This is also why most banks want to charge you monthly and then pay the property taxes themselves. They know that the taxes are a big bill that only comes once a year. Not everyone can afford that big bill. Because your bank knows they will still have to pay the taxe... 02/10/2011

Short Sale Rocklin-Can You Short Sale with an IRS Tax Lien? If you have an IRS tax lien, can you still short sale your Rocklin home?  The answer is yes! Hear Laura Peachey from Stewart Title in Roseville explain how to remove your IRS tax lien and short sale in Rocklin:   Once you list your home as a short sale in Rocklin, it's important to start the lien release process.  It is best to have Stewart Title communicate with the IRS as the point person.  They will obtain a Certificate of Release from the IRS so you can close escrow.  The release takes 60 days so it's best to get started at the beginning of the short sale process. The IRS realizes that if you're short selling in Rocklin, you've lost any extra equity in your home.  That is why they may release the lien.  Instead of a lien on... 02/09/2011

Rocklin Short Sale Deficiency – Rocklin Short Sale Specialist, Mark Peek, recently received a question from Tom. Here is Tom's Question. "If I pay mortgage insurance and default on my loan, why wouldn’t that cover the deficiency amount? Tom." Here is the answer to Max's Question: Yes, the Mortgage Insurance should pay your lender for any loss. So that reduces the amount that your lender will lose on the short sale. There are a couple of problems. Many Mortgage Insurance Companies have gone bankrupt. They can't pay on their claims. In this situation your lender may or may not pursue you for the loss. (I've written extensively on deficiencies on other blog posts. In most short sales, you won't owe a deficiency. E-mail me at mdpeek@gmail.com and I can research your specific situation.) Th... 02/09/2011

Short Sale Rocklin-Facts About Short Sales in Rocklin Last month, 17 homes sold as short sales in Rocklin.  In past years, short sales were almost impossible to close because lenders weren't willing to accept less than the full mortgage payment.  However, short sales have greatly evolved in the last two years and we are seeing several short sales in Rocklin sell every month.  If you owe more on your home than it's currently worth, and you need to sell your home, you should consider a short sale for your Rocklin home.  Benefits to Short Selling Your Rocklin Home: You will be elligible to buy another home in 2 years. You will feel good knowing you sold your home and didn't let it go into foreclosure. Your credit will suffer less damage with a short sale than with a foreclosure. You can st... 02/08/2011

Short Sale Process Rocklin – Here are a few things you should not be surprised to see crop up during the Rocklin Short Sale Process. Unscrupulous Debt Collection Tactics. If you are facing financial hardship, then paying credit cards and other unsecured debts is your lowest priority. An unsecured debt is a debt without collateral, meaning the lender can’t take away your car or house. A secured debt has something as collateral, such as your car, house, or anything else of value. The most common unsecured debt is a credit card. When you stop paying them, they will call you nonstop. The reason is because they don’t have any other way to collect from you. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. They can’t take away your car or take yo... 02/07/2011

Find a Home to Buy Rocklin-Search for Rocklin CA Homes for Sale Buying a new home is a big and exciting step.  Buying a home in Rocklin CA is a smart move!  Rocklin is: Beautiful.  It is hilly, has lots of trees, and well kept homes. Family friendly.  Many move to Rocklin primarily for the schools.  It is home to several CA Distinguished Schools.  It also has tons of children's activities & sports. Close to the action.  Rocklin borders Roseville.   Roseville has everything!  Rocklin is also about 30 min. away from Sacramento and has good freeway access. Affordable.  Most homes in Rocklin are between $200K-$700K.  The average is $300K-$400K.  These prices are also a good bang for the buck.  You'll get much more square footage than the same price home in Sacramento. Find your next Rocklin... 02/07/2011

  Short Sale Specialist Rocklin – Some lenders are very stubborn about collecting what they feel they are “rightfully owed.” The most stubborn banks are typically credit unions and small community banks. Also, loans that were granted with Private Mortgage Insurance can be very demanding. Private Mortgage Insurance companies such as Radian, Mortgage Guaranty Insurance Corporation, United Guaranty, and Republic Mortgage Insurance Corporation have stepped up their loss mitigation efforts. They negotiate hard and say they will not approve a short sale without a promissory note. However, that is not always the case. You can often convince them to waive the deficiency if you do the following. 1. Prove to them that you don’t have any assets or any extra monthly income. 2. Prove that your home ... 02/07/2011

A dear friend who has long since passed away, Margie Moreno of Midway City down in southern California, used to say that palm trees were overrated. She totally freaked out my husband the time I took him to Newport Beach. I was trying to talk him into moving to Newport Beach, because that's where I used to live and sell real estate. Of course, there are tons of palm trees everywhere in southern California. Margie Moreno told him that rats live in the base of palm trees. OK, that wasn't the only reason he refused to move to Orange County and chose Sacramento instead, but that's not really a true statement about all palm trees. In fact, most palm trees aren't even indigenous to California. Most of our palm trees come from the tropics, Asia or Europe. But it doesn't stop us Californians fro... 02/07/2011