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Rocklin, CA Real Estate News

By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Real Estate Market Rocklin CA - Market Report - Stats & Trends The Rocklin real estate market is moving!  Check out the latest Rocklin real estate trends brought to you by Allan Sanchez, Top Producing Rocklin Real Estate Agent: The graph below compares all Rocklin homes for sale, sold, and pending. February 2011 shows 191 Rocklin homes on the market.  There were 67 Rocklin homes sold.  Pending homes are up significantly in Rocklin with a 45.6% change in just one month.  Spring must be in the air! Average Price Per Square Foot: Rocklin's average price per square foot fell 3.5% in one month to $130. Average Days on the Market:  Average days on the market for Rocklin homes increased last month 24.8% and are now on the market an average of 126 days before an offer is accepted. This graph sh...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Bank of America Short Sale Specialist Rocklin CA | Mark Peek, - Mark Peek, has listed yet another Rocklin Short Sale at 6211 Goldeneye Ct. Rocklin, CA. 95765. An incredible opportunity for one lucky buyer. For those looking for that Special Home, you have just found it! This is an absolute must see! 5 Bedrooms, Courtyard Entry with Stone Faced Fireplace, a Built-in Grecian Style Solar Heated Pool, Custom Paint, Upgraded Carpet. A Large Kitchen with Pantry, Eat-in Bar, plus a Dining Nook. An Extra 3.5 car garage. Fantastic Rocklin Short Sale.   Do you know there are 3 different ways to complete a Bank of America Short Sale? 1. Bank of America HAFA Short Sale 2. Bank of America Cooperative Short Sale 3. Bank of America Traditional Short Sale Considering a Rocklin Short Sale? Have questio...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Rocklin Short Sale Specialist | Mark Peek | Rocklin Short Sales Net More Than Foreclosures – People often wonder why their lender will release their debt in a Rocklin Short Sale. Most lenders don't like to release the debt. But they will because they know that it nets them more money. A home almost always nets more money as a short sale than if it had been foreclosed upon. The top picture on the right shows a home that it is good shape. Most short sales are being sold while the homeowner lives in the home. The homeowners are able to keep the house up, both inside and out.  Now look at the home on the bottom right. This is an abandoned home in foreclosure. No one is there to maintain it. The inside of the home is probably dirty. Vagrants can break into the home. The home is also an easy...
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By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (March 7-11, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of March 7-11, 2011: 2921 Pier Place, Rocklin, CA 95765 (4/3, 1922 sq. ft. built in 1999) 5710 Shannon Bay Drive, Rocklin, CA 95677 (3/2, 1984 sq. ft. built in 1987) 2333 Eagle Court, Rocklin, CA 95677 (4/3, 2334 sq. ft. built in 1990) 3414 Surrey Court, Rocklin, CA 95677 (3/2, 1389 sq. ft. built in 1980) 5060 Concord Road, Rocklin, CA 95765 (5/3, 2513 sq. ft. built in 1992) 5735 Jersey Drive, Rocklin, CA 95765 (3/2, 1244 sq. ft. built in 1999) 6102 Marlee Circle, Rocklin, CA 95677 (3/3, 1381 sq. ft. built in 1999) 5952 Blackstone Court, Rocklin, CA 95765 (3/2, 1797 sq. ft. built in 1992) 6300 Surfb...
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By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Free Market Analysis Rocklin - Find Out the Value of Your Rocklin Home Love or hate the current Rocklin real estate market, real estate values are always a hot topic!  There are many reasons for wanting to know the value of your Rocklin home.  Maybe you want to refinance or are thinking about selling.  Perhaps you are wondering if you'll need to do a Rocklin short sale.  Or, maybe you're just curious about your homes value. Whatever your reason, contact top producing, Rocklin Real Estate Agent Allan Sanchez for a FREE Market Analysis of your home.  Fill out this simple market analysis form by clicking on this link.  I'll email you a list of the most recent active, pending, and sold comparable homes in your area, usually the same day. There is no catch for receiving a free market analysi...
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By Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366, General Contractor, Dry Rot and Water Damage
(Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366)
I saw another apartment unit destroyed by fire today. Same smells, same grey ash as any other unit that I've seen after a fire. It doesn't take long for an entire unit to be destroyed by even a small apartment fire. If the fire doesn't burn everything, the smoke and water seems to grab the rest. The sad part of the fire is that usually the tenant does not have renters insurance. I'm not an insurance salesman, so don't think I'm selling anything. But too often a tenant loses everything in a matter of minutes with no reimbursement of any kind. I do a lot of work in and around apartment communities and I've seen flyers in offices advertising renters insurance. The cost is based on the value of your property of course, but for $10/month you can probably get some sort of insurance. Nobody ca...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Short Sale Specialist Rocklin CA - Strategies to Obtain The BPO On Your Rocklin Short Sale – After an unsuccessful attempt at a loan modification, many people will short sale their Rocklin Home in order to salvage their credit.  After all, a Rocklin Short Sale has less of an impact on your credit and ability to purchase another home than foreclosure. One of the most crucial steps to getting your short sale offer approved is getting an accurate BPO from the 3rd party agent.  Contact me for me more specific details on how I do this. Most lenders will not give you a copy of the BPO once completed.   Here is a technique you can use to force the lender to give you a copy of the BPO: Use your rights as a homeowner to get more information about the BPO. An inaccurate BPO is the number one rea...
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By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Chevys Fresh Mex at Blue Oaks Town Center (Rocklin, CA) Bob and I have been enjoying "El Happy Hour" at Chevys Fresh Mex (in the SF Bay Area) for the past 5 years or so. Chevys used to offer $3 drinks AND $3 appetizers from 4-7pm on weekdays, but a couple years ago they changed it to 50% off appetizers and made Happy Hour from 3-7pm. We've tried all the items in Chevys appetizer menu and our favorite ones are their fajita nachos (chicken, steak or combination) and their chicken flautas. I think the dipping sauce for the chicken flautas is SO delicious and addicting. I always ask for a little extra! :) The bartenders at the Rocklin Chevys really deserve a huge thumbs up because every single time we go there, we get served the BEST blended margaritas we've had in Placer county! It's an ex...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Rocklin Short Sale Specialist - Use A Rocklin Short Sale To Reduce Your Monthly Payment – Many people who purchased Rocklin homes during the peak of the real estate market in 2005 and 2006,  have now discovered that their home has depreciated greatly in the last couple years. In Rocklin, CA a home bought in 2005 or 2006  for $500,000  has an approximate monthly payment around $3,500.  That same $500,000 home now sells for approximately $250,000.  You can rent the same house or one that is bigger for approximately $2000 per month.  That's a $1,500 a month savings!  People want a monthly payment that accurately reflects their homes current worth. So, they decide to try and get a loan modification. It is a great thought, but not many people qualify and the stingy banks won't reduce your p...
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By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Rocklin Real Estate Agent Allan Sanchez - Just SOLD in Fairway Heights Take a look at my newest SOLD listing in Rocklin!  5139 Par Place in beautiful Fairway Heights just sold for $280,000.  It was an extremely well cared for home by the owners of more than 15 years.  It had 4 bedrooms, 2 baths, and 2,045 square feet.  I am a huge advocate of Rocklin with its top-ranked schools, beautiful scenery, and home affordability.  The Fairway Heights neighborhood of Rocklin incorporates all of these things and more.  I am honored to be a top producing real estate agent in Rocklin! Along with Par Place, I have also sold two other homes in Fairway Heights on Eagle Drive. If you're a buyer looking for a home in Fairway Heights or other areas of Rocklin, start searching here! If you own a home in Ro...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
  Short Sale Facts Rocklin CA - Rocklin Homeownership Continues to Decline – Rocklin Short Sale Agent, Mark Peek, read a recent report on Homeownership in the US.  As you might expect, homeownership has dropped substantially in the last year, thanks to the downturn in the US economy.  The homeownership rate dropped from 69.2% to 66.9% today.  Experts project that the average American Household will become younger over the next decade. Younger households are also more likely to rent than purchase a home. This is one reason why homeownership continues to drop. Another reason, is that so many people have credit challenges and can't qualify for a mortgage for various reasons all stemming back to the economic downturn. How many people in America are doing a loan modification, short sale, or ...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Rocklin Short Sale Company – A Rocklin Short Sale Specialist must fully understand the HUD-1. The HUD-1 is a report regulated by HUD (The Department of Housing & Urban Development). A HUD-1 breaks down all the projected closing costs so the lender can see what they will net.  Most agents are familiar with a HUD-1. They see them at the closing of every home they sell. But, seeing a HUD-1 within the Rocklin Short Sale Process is much different  than seeing it during a traditional closing. If the agent and the escrow officer incorrectly input information that helps create the HUD-1, then it puts the short sale transaction in jeopardy.  If unexpected costs get added to the HUD-1, then that net goes down. (There are always unexpected costs on a short sale). If unexpected costs are not accou...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Rocklin Short Sale Agent – As an experienced Rocklin Short Sale Specialist,  I can tell you there are two things you must understand if you are doing Rocklin Short Sales. They are BPO's and HUD-1's. Today I'll discuss BPO's. BPO stands for "Broker's Price Opinion." A BPO is what the short sale lender uses to determine the value of the property. It is an opinion of value from another real estate agent (Broker) who is not  involved in the transaction.  Lenders accept or reject short sale offers based on the BPO value. If the agent has given a value of 300k, then a short sale lender will be unlikely to accept an offer of 250k. The problem is that, in my opinion, sometimes the values  from BPO agents are inaccurate. I have seen BPO agents drive 50 miles or more to evaluate a property. The ...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
  Short Sale Specialist Rocklin CA - Inexperienced Agents Are Killing Short Sales –  There are many agents out there who think that a Rocklin Short Sale is impossible to do or takes too long. I am here to tell you that is not true.  It is recommended that you interview prospective agents before you sign a contract with one. A knowledgeable short sale specialist will be able to tell you about the Short Sale Process and if it is right for you.  Let's say that you are going to pole vault for the first time. Do you think that you will be able to get yourself over the bar? Most people will barely get off the ground. After trying it once, does that mean that no one will be able to do it? No. Everyone is different. So, how are you going to succeed at getting yourself over the bar. You are goin...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
  Rocklin Short Sale Info and Facts – Rocklin Short Sale Agent, Mark Peek, has some interesting news on foreclosures.  According to the Wall Street Journal [1], the average homeowner with a home in foreclosure hasn't made a payment in 492 days. What's even more shocking is that those homes are still in the foreclosure process.  That means that a homeowner may live rent free for even longer than 492 days. How long could they potentially live rent free? In some states like Florida and New York, we estimate that they can live rent free for two years. I have even seen cases where homeowners were able to live rent free for three years! If you are facing foreclosure, then I am sure that is good news. But, I'm sure you are wondering why it is so long. Let me explain. The entire foreclosure sys...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
  Rocklin Short Sale – According to the Philadelphia Inquirer [1], Patrick Rodgers of West Philadelphia was able to "file a foreclosure action against Wells Fargo. I bet there are a lot of homeowners facing foreclosure that would love to do the same thing. You work so hard to negotiate a reasonable loan modification in order to keep your home. But, no one at the bank seems to care. It seems the big banks  live in a protective bubble. They can foreclose on paid off homes and face no consequences. If the average American did that, they would probably face jail time. So, it's nice to finally see someone turn the tables on a bank. Here is the story according to the Philadelphia Inquirer. It's not clear how this story will turn out, but right now Patrick Rodgers is living a pay-back fantasy ...
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By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (February 28 - March 4, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of February 28 - March 4, 2011: 6305 Gold Finch Court, Rocklin, CA 95765 (4/3, 2331 sq. ft. built in 2000) 5701 Cobblestone Drive, Rocklin, CA 95765 (3/2, 1251 sq. ft. built in 1987) 6139 Woodside Drive, Rocklin, CA 95677 (3/2, 1284 sq. ft. built in 1976) 5000 El Don Drive, Rocklin, CA 95677 (4/3, 2540 sq. ft. built in 1989) 3644 Amethyst Drive, Rocklin, CA 95677 (3/3, 1904 sq. ft. built in 1991) 1181 Whitney Ranch Parkway #717, Rocklin, CA 95765 (2/2, 898 sq. ft. built in 2007) 4259 Americana Way, Rocklin, CA 95677 (4/3, 2560 sq. ft. built in 2003) 5360 Front Street, Rocklin, CA 95677 (3...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
  Rocklin Short Sale Specialist | Why A Rocklin Short Sale Makes Sense?– Many Rocklin homeowners bought their home at the peak of the market in 2005. In the hardest hit areas, they paid $500,000 for homes that are selling for $250,000 (or even less.) Their Rocklin home is costing them $4,000 a month. (The total after paying property taxes and insurance.) Renters have moved into the neighborhood and are paying less than $2,000 to rent a comparable home. New home buyers are paying even less. Does this sound fair?  Should these homeowners short sale their Rocklin homes and save over $2,000 a month? Why shouldn’t a homeowner do what is best for themselves? After all, they can save hundreds of thousands of dollars. If they hire a Rocklin Short Sale Specialist to short sale their home with a ...
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By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Rocklin Short Sales - Short Sale Promissory Note As a Short Sale Expert in Rocklin CA, I'm negotiating for my clients against big banks.  During the short sale negotiation, some banks will ask the seller to sign a promissory note in order for the bank to recoup some of their loss.  Here is my advice regarding short sale promissory notes: If you're a Rocklin short sale seller with a 1st loan ONLY, don't agree to a promissory note or cash contribution.  Your short sale agent should be willing and able to tell the bank NO WAY!  Here's why:  Starting January 2011, the banks have no recourse on a 1st mortgage.  That means that if the short sale closes, they can not come after you for the short amount.  Also, if the home forecloses, they can not come after you for the short amount.  Both ways...
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By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Rocklin Short Sale Listings - If you are a homeowner, then the housing crisis has decimated the equity in your home. Many families have watched years of hard work spent building their equity simply go away. But, there is one group benefitting from the crisis: Rocklin Home Buyers. They are able to buy a Rocklin home at a substantially reduced price. In many areas homes are selling for 40-60% lower than they were at the peak. Buyers are now able to buy a nice home at previously unheard off, affordable prices. Homes that were selling for $400,000 are now selling for $225,000 or less. No longer is homeownership only reserved for the higher income people. Today the "average Joe" can afford to own a nice home. In some areas it is cheaper to buy a home than rent. But, where does that leave ho...
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