Archive for the 'Sacramento Area Short Sale News' Category
Why Choose a CRS? (Certified Residential Specialist)
Sacramento Certified Residential Specialist? What does that mean? Looking For A CRS in the SACRAMENTO, EL DORADO and PLACER CO. Or maybe you have seen the "CRS" behind Forth Hoyt's name, but didn't know what it represents? The Certified Residential Specialist (CRS) is the highest, most prestigious award of the National Association of REALTORS®. The Acclaimed CRS Designation is awarded by the Council of Real Estate. The Council is the leading education and networking organization for residential real estate agents. This professional network comprises more than 32,000 residential real estate agents—the top 3 percent of REALTORS®—who have met rigorous educational, production and experiential qualifications to earn the Certified Residential Specialist Designation. The Council of Residential Specialists is also the largest not-for-profit affiliate of the...
MAKE YOUR HOME SELL FASTER AND FOR MORE without breaking the bank!
[caption id="attachment_19211" align="aligncenter" width="550"] You Can't Over-do Super Clean and Tidy! [/caption] It's showtime! But where do you start? So, You've decided to sell your house. It wasn't a fast decision, you have always known where and what you would be looking for when the time came to move to a bigger place. You've also had great advice and always watch the market and have always kind of known the right moves to make: you've saved for moving expenses, closing costs and money for some new furniture. And even some extra "What if" money. You've interviewed several agents and have settled on using a seasoned pro that you feel comfortable and confident with and you enjoy being around. You have sat down with them...
Short Sales in Sacramento are up in 2015
[caption id="attachment_18508" align="aligncenter" width="300" class=" "] Short Sales in California are many times the reason for a foreclosure sale postponement[/caption] Short Sales in Sacramento are certainly up lately,California short sales and foreclosures up 2.2 percent Q1 2015 and as I look for reasons I come across information showing that Short Sales in California as a whole are increasing. Sacramento Short Sales are poised to increase further, as California is up 58 percent in Bank Repossessions (24-month high). The percentage of short sales and foreclosures advanced 2.2 percent in the first quarter of 2015, the largest increase seen since 2012. The new home distressed data from Clear Capital, shows that many areas are still struggling to recover from the losses seen during the...
Lease Back Program Allows Upside Down Homeowners To Stay and Lease Back!
[caption id="attachment_5912" align="aligncenter" width="670" caption="Certified HAFA Specialist Explains Lease Back Provision"][/caption] Folsom Short Specialist Forth Hoyt explains Short Sale Lease Back Program. Short Sale and Stay in Home! Short Sale Lease Back! Certified HAFA Specialist Can Negotiate to Let you Stay! The Short Sale Lease Back Program Has Been Approved! Its the closest thing out there to a loan mod with a principle reduction... There's new pilot program that is providing a more attractive solution for homeowners who cannot afford their homes but have valid economic hardships and steady incomes to afford a lease payment. -This could be monumental and game-changing, as it will essentially allow a principle reduction to market value. The HAFA guidelines were changed last year and a provision was added that...
California Short Sale Tax – What are the California Short Sale Tax Rules?
[caption id="attachment_19183" align="aligncenter" width="300"] Phantom Income From a Short Sale... - Is it Taxable in California?[/caption] Sacramento Short Sale Specialist Reports: I used to hear it all the time, now most people know that the amount written off by the bank is actually income! The IRS/California franchise tax may tax you on the amount of the forgiven debt! "How could I owe taxes on a short sale?" So I may owe taxes on on a short sale? Taxes on what? I didn't make any money! What are the California Short Sale Tax laws? Short Sales and Cancellation of Debt The IRS and State of California may tax you on the amount of the forgiven debt. (Forgiven debt through foreclosure, with a loan mod or Short Sale.) Questions on...
With a Non Profit Buyer, Seller Stays In Home After Short Sale! Directive 11-02
; [caption id="attachment_5754" align="aligncenter" width="480" caption="Making Home Affordable Supplemental Directive 11-02"][/caption] Can I stay in my home after a short sale? With a non profit buyer, Seller Stays In Home After Short Sale! Sacramento Certified HAFA Short Sale Specialist Forth Hoyt, announces New HAFA Supplemental Guidelines: A Brand New Program May Allow Homeowners who do a Short Sale To Stay! Newest HAFA Guidelines May Allow Families To Stay In Their Home After A Short Sale! It's Almost as good as a principle reduction to today's market value! You see the Home Affordable Foreclosure Alternatives (HAFA) program in the past required that a short sale be an “arm’s-length” transaction, meaning the buyer and seller could not be related and could not have had a...
Certified Short Sale Expert Sacramento, CA
When you know you need answers, need to know your options and have questions about your situation... Contact a Certified Short Sale Expert in Sacramento Trained and Certified to Short Sale Sacramento Real Estate; Trained and Certified to Negotiate With your Bank On Your Behalf: Certified Short Sale Expert Sacramento My Certifications Include: CRS, CDPE, Certified HAFA Specialist, PFC, RDCPro, A-REO, SFR, SRES, e-PRO, Master's Club Life Member Certified Mortgage Resolution Specialist Certified Home Retention Specialist Certified Pre-Foreclosure Specialist Short Sale And Foreclosure Resource Designation I collaborate with many of the nations top Short Sale Specialists and stay on the cutting edge of the newest default industry developments, guidelines, procedures and trends... Questions About Your Situation? We are Certified and trained to help you through the short sale process. The certified short sale specialists at...
CDPE: Does Your Agent Specialize In Short Sales?
[caption id="attachment_5350" align="aligncenter" width="225" caption="CDPE's are trained to know the options designed to keep clients in their homes and out of foreclosure."][/caption] Does your agent specialize in Short Sales? Why would he? To understand the short Sale Process at a very high level! By Forth Hoyt CDPE, CRS, Certified HAFA Specialist,Dave Ramsey ELP, PFC, RDCPro, A-REO, SFR,SRES, e-PRO, And Master's Club Life Member. How did this happen? How did our housing sector get so messed up? Those of us who bought a home over the past five years or so, had no idea about the kind of economic upheaval that was going to follow. In fact, it appears that no one actually anticipated what was in store. But here we are. Nationwide, an estimated one...
El Dorado Hills Short Sales For March Show Marked Increase in Success
[caption id="" align="alignnone" width="646" caption=" Short Sales In El Dorado Hills are Struggling to Close"][/caption] Short Sales Go Pending But Fail to Close- WHY? El Dorado Hills Short Sale Expert Reports: Short Sales in El Dorado Hills are being accepted and approved by the banks and going into pending status far more frequently than ever before. However, as the graph above show, Short Sales in El Dorado Hills are definitely not closing any more frequently. How is this happening? What could be the problem? There are several things going on... I know that many short sale escrows definitely fail because of issues with the property. Buyer inspections are done after the bank approves the short sale and the home goes in pending status (the red line...
Short Sale Agent in Folsom Reports Why Short Sale Escrows In Folsom May Be Failing
1 month 1 year 15 months Jan 11 Feb 11 % Change Feb 10 Feb 11 % Change Dec 09 Feb 11 % Change For Sale 78 67 -14.1% 43 67 55.8% 30 67 123.3% Sold 11 15 36.4% 12 15 25% 15 15 0% Pended 30 54 80% 12 54 350% 17 54 217.6% Just look at the numbers! Short sales in Folsom going pending are going through the roof! Why are the number of short sales that actually close lagging? Folsom Certified Short Sale Negotiator Forth Hoyt shares Folsom Short Sale Information and insights into the Folsom Short Sale Market- Folsom Short Sales going pending (being approved by the bank) are dramatically increasing. But at the same time, the number that actually close escrow and are ultimately selling to new homeowners has been lagging. I keep talking about this on my blogs and I still think why Short Sale escrows are failing has...
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