Archive for the 'Short Sale Process 101' Category
How Important is the Hardship Letter? The Short Sale Hardhip Letter Sets The Stage
[caption id="attachment_5047" align="aligncenter" width="400" caption="Short, Sweet And To The Point- The Hardship Letter Summarizes and Explains The Sellers Situation"][/caption] As a Short Sale Agent in the Sacramento Area; I get this question all the time:The Hardship Letter- How important is it? Sacramento Certified Short Sale Specialist Forth Hoyt answers questions about short sale hardship letters and provides Example Hardship Letters. Some of the most frequently asked questions I get have to do with the Short sale Hardship Letter: "How do I write the best hardship letter?", " How much detail should I put in the hardship letter"? or "What is a Hardship Letter?" The simplest and quickest answer is that the hardship letter explains what caused the financial hardship and is like a...
Folsom Short Sale Specialist Explains The Short Sale and Answers Short Sale Questions
[caption id="attachment_5650" align="alignright" width="267" caption="Short Sale Files Contain Information on the Seller's Finacials, The Buyers info and Info on the Short Sale Offer"][/caption] Short Sale Files Contain Information on the Seller's Finacials, The Buyers info and Info on the Short Sale Offer Folsom Short Sale Specialist Forth Hoyt Answers more questions about short sales. I have completed nearly every Short Sale Certification and Designation class I have ever come across. I love to learn and I am driven to understand, share my knowledge and teach my clients and prospects. I closed my first short sale in 2006 and have now closed more short sales than nearly any other Short Sale Agent in the Folsom Area. I can truthfully say there is not a question...
Short Sale Agent in Folsom Reports Why Short Sale Escrows In Folsom May Be Failing
Folsom Short Sales Increase Dramatically Folsom Short Sale Specialist Explains Why Short Sale Escrows are Failing. 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? 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% 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...
Folsom Short Sale Agent Explains Short Sale Process to Short Sale Candidates in Folsom
[caption id="attachment_4902" align="aligncenter" width="275" caption="How To Short Sale 101: By Folsom Multi-Certified Short Sale Specialist Forth Hoyt"][/caption] What is a short sale? A Short Sale in real estate is when a home is sold for market value that is lower than the amount of the debt owed. The Short Sale Process is actually two transactions running side by side, more or less simultaneously. The first transaction is just "real estate 101". This is the transaction between you, the Folsom Short Sale Seller and the short sale buyer. This transaction contains all the traditional real estate time-lines, disclosures and contingencies but also additional addendum's and disclosures letting all parties know that, among other things, it is contingent upon third party approval. The other transaction is...
CAR Short Sale Addendum Form Reminds Us Short Sale Is Often Times Long sale!
Here's a Great article by Bob Hunt from Realty Times There is a sense in which the term short sale is a bit of a misnomer. That is because short sales often take a very long time. This is just one of the things that principals and their agents need to be aware of if they are intending to be involved in a short sale -- i.e. a sale in which the proceeds will be less than the balance owed on the mortgage loan(s). Recently, the California Association of Realtors® (CAR) published a Short Sale Addendum (SSA) that may be used with an offer or counter offer in a short sale situation. The addendum is...
What Documents Are Required For A Short Sale? The “Killer” Short Sale File
[caption id="attachment_4876" align="aligncenter" width="212" caption="A Great Short Sale Package Is The Beginning To A Successful Short Sale"][/caption] Investigating a Short Sale? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center What documents go in a short sale package? Folsom Certified Short Sale Specialist and Certified Short Sale Negotiator Forth Hoyt talks about the benefits of putting together a "killer" short sale file. A well organized, complete, well thought out, strategically orchestrated, professional looking short sale package allows the bank or servicers short sale negotiator to have everything they need to to begin the process of negotiating your short sale with the investor (the owner of your note). Organized, concise, indexed and complete, a killer short sale file sets your file apart from...
California Foreclosure Timelines and Foreclosure Information for California
CA - Time to Foreclose California State Foreclosure TimeFrames, Foreclosure Timelines in California And Time to Foreclose in California 06067 - Sacrameto Time to Foreclose Sacramento County Foreclosure TimeFrames, Foreclosure Timelines in Sacramento And Time to Foreclose in Sacramento California What is the time to foreclose in California? Get the Latest Charts on California's Foreclosure Timelines here. According to Forecloureradar.com, the average time for a foreclosure to be completed in Sacramento County is now 270 days. The timelines for California Foreclosures now stands at 319 days. On both Foreclosure Timeline Charts, this is the amount of time from the beginning of the foreclosure process to the trustee sale. These calculations of time to foreclosure in California and Sacramento foreclosure process time lines both use the...
Sacramento Short Sale Agent’s Fees And Commisions Are Always Paid For By The First Leinholder
[caption id="attachment_3647" align="aligncenter" width="250" caption="Sacramento Short Sale Specialist Explains Short Sale Fees And Short Sale Commissions"][/caption] Sacramento Certified Short Sale Specialist and Expert Short Sale Negotiator Forth Hoyt explains Short Sale Commissions. It seems every time I sit down with a Sacramento area short sale prospect for an initial consultation, either at their home or in my office, the question always comes up: Who pays your fees? How do you, the Sacramento short sale agent get paid? Sacramento short sale specialist agent who is Certified and trained to represent you in negotiations with your lender, we never charge homeowners and always negotiate our fees with the banks. Good question, I answer; you see, just like any seller, my fees for short selling...
How Do I Short Sell My Folsom Home? What Will HAFA Do To Help Me?
[caption id="attachment_3501" align="aligncenter" width="400" caption="Stop Foreclosure In Folsom With A Short Sale"][/caption] Hi! I am a Short Sale Listing Specialist in Folsom and A Sacramento Certified Short Sale Specialist who likes to write about Short Sales, the new HAFA Government Short Sale Program and How The Short Sale Process Works. I'm constantly communicating with Struggling and Upside-down homeowners in Folsom and the entire Sacramento area about how Short Sales Can Keep Homeowners Out Of Foreclosure, and Short Sale Information in general. I talked to two people Today who both called off my website. Both were Struggling Homeowners who are Upside Down In Folsom. They both basically asked "How Do I Short sell My Folsom Home?" Both had questions about HAFA ; how HAFA works and who...
Benefits Of A Short Sale From Short Sale Specialist
[caption id="attachment_5199" align="aligncenter" width="500" caption="Foreclosure Options"][/caption] As a Sacramento Short Sale Specialist, I am constantly being asked about the benefits of a short sale... Strategic short sale or strategic foreclosure? These are personal questions, and ones only you can answer for yourself. But before you do, consider this: The 'hit' to your credit is not only going to be from the foreclosure event, it will also be much more affected by the amount of time you miss payments. Here in the Sacramento area, one of the top foreclosure areas in California, "strategic Foreclosure", which it has been termed, is when a homeowner makes the conscious decision to let go of his ties to the home, quits paying and ...
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