Folsom CA – The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?”Christy asked. Here is the answer.If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within. I have seen lenders wait a year after the first missed payment just to file for foreclosure. Yes, you can live in your house for free for a long time. However, a short sale has many advantages over a foreclosure. It does less damage to your credit and allows you to buy another home in 2 years versus the 5-7 years after a foreclosure. In addition, you can get some money as an incentive for doing the short sale. If you want the be... 10/28/2012

FOLSOM, CA HOME SALES DATA – SEPTEMBER 2012 The purpose of this post is to provide those interested in the Folsom, CA housing market data about that market. The data presented covers September 2012, and the preceding fourteen months. If you would like to view all homes available for sale in Folsom at this time, select this link. You will have to take two additional steps. Scroll down and check the Folsom box on the left side of the page and select either the Search Now button over List Your results or Map Your results at the bottom of the page. The first chart lists the cost-per-square-foot for all homes sold in Folsom by month. Although there is a very slight fluctuation from month to month, the reader can see that there has been is an upward trend over the past year. The September nu... 10/19/2012

BANK OWNED (Foreclosure /REO) HOME SALES DATA FOR FOLSOM, CA – SEPTEMBER 2012   This is the latest monthly report of our five-year study of bank owned (Foreclosure/REO) home sales in Folsom, CA.  This report covers September of 2012.  In order to simplify the post for the reader, we will only use the term Foreclosure.   If you would like to see all of the foreclosure homes available for sale in Folsom, select this link.  To view the available foreclosure homes you will have to scroll down to the Folsom box on the left side of the page and then select the Search Now button at the bottom of the page.   There were six foreclosure homes sold in Folsom, two more than sold the previous two month.   The average days-on-market dropped from 58 the previous month to 22 in September.  Foreclosure ... 10/16/2012

Folsom-El Dorado Hills CA – There are many reasons to use a short sale to stop foreclosure. If you want to keep your home, then you need to attempt a loan modification. If you do not want to keep your home, then you need to consider your options. There are 3 options if you do not want to keep your home. Option #1: Do nothing and your lender forecloses on the house. Option #2: Deed in Lieu of Foreclosure. I don't recommend this option. Option #3 is a short sale. The good news is that your lender will often put any foreclosure proceedings on hold while the short sale is being processed. Here are the benefits a short sale offers over a Foreclosure or Deed in Lieu. Will you be able to buy another home in the future? Current Fannie Mae Guidelines allow you to purchase another house 2 years ... 10/09/2012

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Dave to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Dave asked, "I haven't made a house payment in a while. I'm just wondering how much longer it will be before I have to move out?" Most people in foreclosure are at a disadvantage because they how the process works. Here is the answer to his question. It all depends what on the state he is located in and whether or not his lender has started the foreclosure process. So the first thing you should do is find out if the foreclosure has been started. You can do that by calling the courthouse in your county or town. for example, if you live in Orange County, t... 10/09/2012

Folsom Short Sale / 115 S Fork Way / Short Sale Specialist Our latest approved Folsom Short Sale is 115 S. Fork Way in Folsom CA. located in the American Canyon Area this slightly dated Folsom Short Sale was anything but easy to get approved. We had Greentree first and a Bank of America HELOC second that was sold mid-short sale to Old Republic who is basically a debt collector. With perseverance and determination we received approval on both the first and second and are now clear to close If this sounded like the perfect Folsom home or investment property for you don’t worry we have others. Check out what’s available in the below home search. Search for Folsom Homes for Sale Whether you are looking for Folsom Homes for Sale or interested in what your Folsom Home will sell for, You’ve co... 10/03/2012

Here today, gone tomorrow! 102 Janewood Court, Folsom, CA 95630 View Map Amazing opportunity to own in a great Folsom location! House is entirely renovated, with every upgrade you could ask for, just minutes from the lake! Perfect for entertaining. Features a great room concept and a state-of-the-art kitchen with new granite countertops, SS appliances, and beautiful hardwood floors. Bathrooms and bedrooms completely redone. No detail left untouched, inside or out. Plenty of room for a boat/RV and within walking distance of great neighborhood schools. Contact agent: Michelle Norman, DRE #01482211 Elite Real Estate and Associates 916-284-1200 Details Asking Price: $264,900 MLS: 12059418 Sq. Feet: 1324 Lot Size: 8060 Bedrooms: 4 Bathrooms: 2 Garage Size: 2 Year Built: 1977 Contact InfoLor... 09/29/2012

FOLSOM, CA HOME SALES DATA – AUGUST 2012 The purpose of this post is to provide those interested in the Folsom, CA housing market data about that market. The data presented covers August 2012, and the preceding fourteen months. The first chart lists the cost-per-square-foot for all homes sold in Folsom by month. Although there is a very slight fluctuation from month to month, the reader can see that there is a slight trend upward over the past year. The August number is the second highest it has been in fifteen months and only one dollar off the peak. The pundits advise that we hit the bottom of the market in California in March of 2012. The lowest cost –per-square-foot in Folsom in the past fifteen months was in February. Those potential buyers who decided to remain on the fence, “unt... 09/21/2012

  BANK OWNED (Foreclosure /REO) HOME SALES DATA FOR FOLSOM, CA – JULY 2012   This is the latest monthly report of our five-year study of bank owned (Foreclosure) home sales in Folsom, CA.  This report covers July of 2012. There were seven Bank Owned (Foreclosure) homes sold in Folsom this month, two more than sold the previous two month. The average days-on-market dropped from 28 the previous month to 18 in July. None of the homes was on the market for longer than 35 days, and 42.9% of the homes sold were on the market for two weeks or less.  The seven Bank Owned (Foreclosure) homes that sold represent only 10.6% of all homes sold in Folsom this month.  That is a smaller segment than normal.  The very low bank owned home inventory continues to influence this statistic. The available inv... 09/07/2012

  I didn’t know I needed a "fold down ladder" permit   Okay I have to confess, I didn’t get a permit. You would think that a contractor would know this, right? I didn’t even think to get one for the fold down ladder that I installed in the garage years ago. The ladder doesn’t require the cutting of any trusses or structural members so I just put it in without even considering the need for a permit. I fact, I just fell (pun intended) upon this while searching the County Building Department regarding a different matter. When we first moved into our home, the attic access was at the top of the stairway, positioned in such a way that getting up there was next to impossible. The home inspector had to be pleaded with to get him to go in through the opening. Since this was a perfect spot for a... 09/04/2012

    Forth Hoyt, Folsom Short Sale Agent and Experienced Folsom Short Sale Specialist answers the question: Has the Mortgage Debt Relief Act Been Extended? What are the Tax Implications of a Short Sale? Here’s some good news for financially stressed homeowners looking for options: Five years ago, Pres. Bush Signed the Mortgage Debt Relief Act of 2007, that would prevent households from having to treat certain types of forgiven mortgage debt as taxable income. Prior to the law being passed, homeowners owed taxes after a short sale, taxes after a foreclosure and taxes on a loan modification. The Mortgage Debt Relief Extension could ultimately affect millions of families who are underwater on their loans, and heading for foreclosure, short sales or deeds-in-lieu of foreclosure settlements a... 09/03/2012

  There are shortcuts to every job   When it comes to home repairs, there are many shortcuts that can be taken by the home owner or contractor. Most of the shortcuts can save a few dollars and a little bit of time. We have to ask ourselves, “Is the shortcut worth it?” By trimming the bottoms of these two trim boards, the owners saved about $5 in material costs.   What do you think of the results? Even with a good coat of paint the repairs would stick out as a bad repair choice. Sometimes the shortcut just isn’t worth it!   09/01/2012

  Quality Dry Rot Repair in Sacramento is Not Magic   There is nothing magic about dry rot repair in Sacramento; it’s just a matter of knowing how to correct the source of the moisture and repairing the damage in a professional manner.   No hocus pocus, no trap doors, and no tricks up my sleeve.   Just quality professional service throughout the Sacramento Region Tromler Construction Specialists in Dry Rot and Water Damage Repair 916.765.5366     View Larger Map 08/29/2012

FOLSOM, CA HOME SALES DATA – JULY 2012 The purpose of this post is to provide those interested in the Folsom, CA housing market data about that market. The data presented covers July 2012, and the preceding fourteen months. The first chart lists the cost-per-square-foot for all homes sold in Folsom by month. Although there is a very slight fluctuation from month to month, the viewer can see that there is a slight trend upward over the past few months. The July number is the highest it has been in fifteen months. The pundits advise that we hit the bottom of the market in Folsom in March of 2012. The lowest cost –per-square-foot in Folsom in the past fifteen months was in February. Those potential buyers who decided to remain on the fence, “until prices hit bottom” missed the boat, but on... 08/27/2012

..... to one lucky buyer! 3 bed, 2 bath home in Folsom- $240K. I can help you get your dream home too!     _________________________________________     I am a REALTOR® in El Dorado Hills with Lyon Real Estate. I love living in El Dorado Hills, where homes with views have become my passion. Working with both buyers and sellers, my concentration on homes for sale includes not only El Dorado Hills, but also Folsom and the Cameron Park vicinity. For more information on me or our wonderful area visit my website at www.DeeDeeRiley.com or email me at driley@golyon.com. When you're ready to sell or buy a home – I would love to help! To read what my clients have to say about me and my service, visit my Client Testimonial page.   If you like what you're seeing here please come back or better ye... 08/26/2012

  I don’t think he’s getting a parking ticket in Folsom.   Traffic was a bit jammed up this morning heading into Sacramento on Highway 50 near Folsom. After getting closer to the trouble on the road, I was able to get a shot of what had happened. No one appeared injured. I don’t think he was being issued a parking ticket by the Folsom Police.   08/22/2012

  BANK OWNED (Foreclosure /REO) HOME SALES DATA FOR FOLSOM, CA – JULY 2012 This is the latest monthly report of our five-year study of bank owned (Foreclosure) home sales in Folsom, CA.  This report covers July of 2012. There were seven Bank Owned (Foreclosure) homes sold in Folsom this month, two more than sold the previous two month. The average days-on-market dropped from 28 the previous month to 18 in July. None of the homes was on the market for longer than 35 days, and 42.9% of the homes sold were on the market for two weeks or less.  The seven Bank Owned (Foreclosure) homes that sold represent only 10.6% of all homes sold in Folsom this month.  That is a smaller segment than normal.  The very low bank owned home inventory continues to influence this statistic. The available inven... 08/15/2012

  You See Lumpy Siding, a Dry Rot Contractor Sees Dry Rot   As a Sacramento General Contractor who repairs dry rot damaged wood, I can see signs of dry rot early. It really isn’t a magical formula, I see a lot of rotted wood in a lot of places. One of the best starting places for detecting wood rot is in the distortion of the surface of the material. We have all seen wood siding and know what a good piece of siding looks like. If there are lumps or waves in the surface, something is going on there. It usually means that moisture has gotten behind the siding and is delaminating and rotting. If detected early, the dry rot can be removed and corrected. The source of the moisture intrusion can be fixed to prevent the water from getting inside again. If the rot is not corrected, the problem ... 08/05/2012

Folsom Real Estate Agent - Folsom condo for sale - 1100 Moon Cir Unit 1337, Folsom, CA 95630- Folsom HUD condo presented by Folsom real estate agent Jesse Coffey. This Folsom HUD condo is located in Empire Ranch Folsom and just came onto the market. It is priced at the appraised value of $130,000. The initial bid deadline is August 6, 2012 at 10 PM PST.   I am an experienced Folsom real estate agent. I am a very knowledgeable Folsom real estate agent and Folsom short sale agent. Contact me for all of your Folsom CA real estate needs.   View Folsom homes for sale.   ThisEmpire Ranch Folsom condo for sale is located a1100 Moon Cir Unit 1337, Folsom, CA 95630. This Folsom HUD condo was appraised at $130,000 on July 21, 2012. This condo was built in 2007 and is located in Empire Ranch Folso... 08/03/2012

Folsom Short Sale / Carrington Short Sale Success / Short Sale Agent Great story here about our latest Folsom Short Sale Closing at 1140 Penrod in Folsom CA. This was a Carrington first only. The last couple of Carrington Short Sales we had completed were fairly quick. This one took a little longer than the others for our first approval. I say first approval because we went through THREE buyers to get this done. As is our practice in a Folsom Short Sale, when we lose a buyer we don’t necessarily tell the Short Sale Lender right away. Our feeling is if we tell them immediately the file dies. If we can find a new buyer in a relatively short time we can substitute and keep the process moving forward. This happened not one, not twice but three times. Fortunately for us the third buyer was c... 07/31/2012