Rocklin, CA Real Estate News

By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Short Sale Rocklin – Here is a topic that many Short Sale Agents fail to discuss with their clients. What if my lender demands a promissory note or they will not approve the short sale? Promissory note demands are coming from Banks that service your loan, Mortgage Insurance, and Investors looking to mitigate their loss.  In many cases, with enough documentation and hard-nosed negotiations, promissory notes can be waived from the Short Sale Approval Process.  However, there are some cases where a promissory note is unavoidable. A promissory note is not the end of the world. It will take a lot of work on their end to collect from you. If the lender forces you to sign a promissory note, then you may consider signing it and just don't make a payment. You may be able to re-negotiate the pro...
Comments 0
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
First Time Home Buyer Rocklin It is an exciting time to be a first time home buyer in Rocklin.  Prices in Rocklin have never been better!  As a first time home buyer, you have a lot of advantages.   You don't have a house to sell first.   Your credit is probably pretty good since you don't have a short sale or foreclosure in your recent past.  Last, you have some terrific mortgage and FHA options to make your first home affordable.  Search for the latest Rocklin listings. Some of my favorite clients are first time home buyers.  As a new buyer, you will have hundreds of questions and you need an experienced and tough negotiator on your side.  Interview a few agents  and pick one you have a connection with and who will be able to write a quality offer to beat out any competition.  Rocklin...
Comments 1
By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
  Short Sale Rocklin - Rocklin Short Sale Specialist, Mark Peek,  gets asked frequently: Do I qualify for a short sale?  I have cash in the bank, assets, retirement accounts, etc..   Typically, a seller generally "qualifies" for a short sale with some type of hardship: 1 - Job Loss 2 - Job Transfer (out of the area) 3 - Curtailment of Income (pay cuts, reduced hours, furloughs etc.) 4 - Medical Conditions 5 - Death 6 - Divorce or Separation 7 - Increasing Debt and more. In this economy, many people have experienced one or more of these types of hardships. Professional Athletes and Public Figures are not immune to this either.   For example, Ron Artest, formerly of the Sacramento Kings, experienced at least 2 of the hardships above. His employment transferred to the Los Angeles Lakers an...
Comments 3
By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Short Sale Rocklin – Short Sales can be frustrating at times. It can take a long time for some banks to process the short sale and give us an answer on the buyer's offer. Once the lender makes a decision, sometimes we find the buyer has moved on to another property, lost a job, received a pay cut, etc.. Most bank short sale departments are overworked and understaffed. That is why it can take up to 60-90 days for many banks to respond to the short sale offer. Others can be approved in as little as 10 days (3344 Sandalwood Dr. Rocklin, CA 95765) 60-90 days is a long time in this economy. Changes can occur which may impact a buyer's ability to purchase the home.  On the other hand, we have seen some buyers wait for 4-5 months to get an answer on their offer, and close escrow. If the first...
Comments 0
By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Placer County Short Sale – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money down. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Myth #3: Lenders will accept any short sale offer even if it is for only 50% of what the home is worth. After all, they don’t want a foreclosure on their books. These myths are just not true. Lenders are willing to foreclosure on properties. They have entire departments handle the sale of properties that they have foreclosed on. Another foreclosure is nothing to fear. At the same time, they do...
Comments 0
By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (January 24-28, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of January 24-28, 2011: 5057 Concord Road, Rocklin, CA 95765 (3/3, 2215 sq. ft. built in 1991) 6084 Woodside Drive, Rocklin, CA 95677 (2/2, 1080 sq. ft. built in 1980) 1091 Tinker Road, Rocklin, CA 95765 (no data available) In comparison, there were 3 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 are interested in buying foreclosures thro...
Comments 0
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Rocklin Short Sale-Will I Have Tax Liability? If you're a Rocklin homeowner, considering a short sale, you are probably wondering if you will have to pay Federal or State taxes once the short sale is complete.  The Mortgage Debt Relief Act applies to people selling their primary residence as a short sale and only applies to qualified principal residence indebtedness.  Qualified principal residence indebtedness is the money, up to $2,000,000, of debt incurred to acquire, construct, or substantially improve the taxpayers principle residence.  Also, the debt must be secured by the residence.  Once the Rocklin short sale is complete, the taxpayer will receive a 1099-C from the bank.  The 1099 must be reported on your tax return.  If the entire amount owing is qualified principal residence i...
Comments 1
By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Short Sale Rocklin Agent, Mark Peek, received another short sale approval from HSBC in only 10 Days on this Rocklin Short Sale in Stanford Ranch at 3344 Sandalwood Rd in Rocklin, CA 95765.   HSBC, also known as HFC Beneficial, approved the Short Sale and released the homeowner from almost $200,000 in debt.  Considering a Rocklin Short Sale? I can help you short sale your home and not pay the bank another penny. Mark Peek is a Real Estate Agent at Keller Williams Realty. Short Sale Rocklin: Phone: (916) 580-6084. mdpeek@gmail.com. “Know Your Options” View My homes for sale at  www.CallPeek.com. Mark Peek specializes in loan modification assistance and short sales in Rocklin CA. Rocklin Loan Modification Help, Rocklin Short Sales. Rocklin Short Sale Expert.  Short Sale Rocklin Agent. Rock...
Comments 3
By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Short Sale Rocklin Agent, Mark Peek, just listed another Rocklin Short Sale in Stanford Ranch at 3200 Outlook Dr in Rocklin, CA 95765. Another Tremendous opportunity for one lucky buyer on a Short Sale Rocklin.  Wow! Former Richmond American Model home at the end of the Cul-De-Sac on a Geenbelt View Lot.  Updated Kitchen with newer cabinets and stone counters. 3 Car Garage!  Highly Desirable Stanford Ranch Location.  Many interior upgrades but needs a few minor repairs.   Considering a Rocklin Short Sale? I can help you short sale your home and not pay the bank another penny.  Mark Peek is a Real Estate Agent at Keller Williams Realty. Short Sale Rocklin: Phone: (916) 580-6084. mdpeek@gmail.com. “Know Your Options” View My homes for sale at www.CallPeek.com. Mark Peek specializes in lo...
Comments 0
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
2629 Catalina Court-Rocklin Short Sale 2629 Catalina Court in Rocklin is a just listed short sale offered for $210,000!  Located in the Stanford Ranch area of Rocklin, this Spanish style home is adorable!  Gated courtyard entry, tile in bathrooms, custom interior paint, and nice landscaping.  It has 3 bedrooms, 2.5 baths, and 1,667 square feet.  This home is close to parks, highly ranked Rocklin schools, and is situated on a great, cul-de-sac location.  Must see this Rocklin short sale at a great price! Learn about buying a Rocklin Short Sale. A Rocklin short sale expert can help you buy a Rocklin short sale or sell your Rocklin home as a short sale.  Read more about the short sale process. 2629 Catalina Court-Rocklin Short Sale
Comments 0
By Mark Peek, Peek Real Estate Group - Roseville CA Real Estate
(Roseville Rocklin Real Estate - Keller Williams)
Rocklin Short Sale Home – Short Sale Agent, Mark Peek, often gets asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. I am concerned that they might do that when I finally sell the property and I’ll never get the short sale approved.” Discover how other sellers successfully completed a Rocklin Short Sale Home to avoid foreclosure by clicking here. Here was our answer. Most lenders will not talk to you about a short sale until you have several things in place. They want a solid offer from a pre-qualified home buyer along with all the necessary financial documents. Why do they do this? Because they only want ...
Comments 1
By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (January 17-21, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of January 17-21, 2011: 903 Flatiron Court, Rocklin, CA 95765 (4/4, 3289 sq. ft. built in 2007) 6100 Merganser Court, Rocklin, CA 95765 (3/3, 2529 sq. ft. built in 2001) 1250 Whitney Ranch Parkway #231, Rocklin, CA 95765 (3/2, 1050 sq. ft. built in 2007) In comparison, there were 5 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 are interes...
Comments 0
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Short Sale Rocklin-Why Would My Lender Agree to a Short Sale? Lenders have incentive to negotiate a short sale with a distressed Rocklin homeowner.  For example, if your lender took back your home as a foreclosure, they would become responsible for the maintenance, HOA fees, utilities, and other fess.  They would also be responsible for any vandalism, squatters, or damage done to the property.  Foreclosure can take many months.  Once it's for sale as an REO it's often in much worse condition than comparable short sales.  For these reasons, it is in the best interest of many lenders to agree to a short sale. Lenders will look at your financial situation as well as the current real estate market to determine whether or not to agree to a short sale.  Using a Rocklin short sale expert for y...
Comments 2
By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (January 10-14, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of January 10-14, 2011: 5810 Sequoia Court, Rocklin, CA 95677 (2/2, 1080 sq. ft. built in 1980) 5584 West Driftwood Court, Rocklin, CA 95677 (4/2, 1695 sq. ft. built in 1988) 1603 Kentucky Way, Rocklin, CA 95765 (2/2, 1083 sq. ft. built in 2001) 4607 Tuttle Drive, Rocklin, CA 9567 (3/2, 1130 sq. ft. built in 1979) 6520 Hearthstone Circle #431, Rocklin, CA 95677 (1/1, 816 sq. ft. built in 2006) In comparison, there were 8 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...
Comments 0
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Short Sale Rocklin-How to Write a Hardship Letter When selling your Rocklin home as a short sale, your lender will ask you to write a hardship letter explaining why you can no longer afford to pay the mortgage on your home.  The hardship letter is an important part of the short sale process. Learn how to write the best possible hardship letter for your Rocklin short sale: Make your hardship letter clear, consise, and no longer than one page. 1.  Brainstorm about all the financial reasons why you can no longer afford your Rocklin home.  This includes job loss, reduction of hours, pay reduction, school tuition expense, medical expenses, increased property taxes, credit card debt, etc.  2. Paragraph One:  State a change.  In this paragraph mention what change has taken place to no longer a...
Comments 3
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Rocklin Short Sale-Do I Qualify for a Short Sale? If you are considering selling your Rocklin home as a short sale and have already investigated the short sale process, you are probably wondering if you qualify for a short sale. To qualify for a Rocklin short sale you must have a hardship of some kind.  Examples of a hardship: Sudden Illness or medical condition. Unemployment or reduction of hours/pay. Divorce Bankruptcy Death Your lender will also consider the following: Determine if your home's value has dropped based on recent comparables. Your mortgage is in jeapody of default. Your overall financial situation. You may not qualify for a Rocklin short sale if you have assets.  If you have significant equity in other real estate, a large savings account, an IRA account, or other liqui...
Comments 4
By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Rocklin, CA - Foreclosures / Bank Owned Homes / REO Properties (January 3-7, 2011) Here is a list of foreclosures in Rocklin, California (Placer County) that became bank owned during the week of January 3-7, 2011: 2455 Trinity Way, Rocklin, CA 95677 (3/3, 1502 sq. ft. built in 1974) 6618 Clapper Rail Court, Rocklin, CA 95765 (4/3, 3026 sq. ft. built in 2003) 5410 Wesley Court, Rocklin, CA 95765 (6/3, 3411 sq. ft. built in 1998) 2738 Genesee Drive, Rocklin, CA 95765 (4/2, 1766 sq. ft. built in 1997) 5635 Grand View Court, Rocklin, CA 95765 (3/3, 1900 sq. ft. built in 1991) 4933 Charter Road, Rocklin, CA 95765 (3/2, 1826 sq. ft. built in 1994) 4916 Hartwick Court, Rocklin, CA 95765 (4/3, 1853 sq. ft. built in 1994) 6630 Sierra College Boulevard #400, Rocklin, CA 95677 (commercial office s...
Comments 0
By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Want to know what the smallest, largest, cheapest and most expensive homes in Rocklin, California that sold in 2010 were? Here you go, based on MLS data for single-family detached homes in Rocklin, CA zip codes 95677 and 95765 (not including condominiums, mobile homes or properties sold at trustee sales):   SMALLEST HOME IN ROCKLIN, CA (488 SQ. FT.) SOLD IN 2010 This 1-bedroom, 1-bath fixer-upper at 5155 2nd Street, Rocklin, CA 95677 has the possibility of multi-unit zoning and room for expansion on its 9975 sq. ft. lot. This property with rock outcroppings sold in 14 days for $96,000...$6,100 over the asking price!   LARGEST HOME IN ROCKLIN, CA (6,100 SQ. FT.) SOLD IN 2010 It's not a typo. This 6100 sq. ft. home at 2000 Shady Trail Lane, Rocklin, CA 95765 did indeed sell for $650,000....
Comments 4
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Short Sale Rocklin-Writing a Hardship Letter When selling your Rocklin home as a short sale, your lender will ask you to write a hardship letter explaining why you can no longer afford to pay the mortgage on your home.  The hardship letter is an important part of the short sale process. Learn how to write the best possible hardship letter for your Rocklin short sale: Make your hardship letter clear, consise, and no longer than one page. 1.  Brainstorm about all the financial reasons why you can no longer afford your Rocklin home.  This includes job loss, reduction of hours, pay reduction, school tuition expense, medical expenses, increased property taxes, credit card debt, etc.  2. Paragraph One:  State a change.  In this paragraph mention what change has taken place to no longer afford...
Comments 1
By Allan Sanchez, Rocklin & Roseville, Short Sale Agent
(Roseville CA & Rocklin CA Short Sale Agent)
Rocklin School District-What School Will Your Child Attend? Rocklin CA has some of the top public schools in California.  With kindergarten registration starting in February, now is the time to determine what school your child will attend! Click here to verify what Rocklin school your child will attend. If you don't live in Rocklin but are looking for a great public school for your little one, perhaps you should consider making a move!  Not only does Rocklin have top-ranking schools, but it's also a gorgeous, friendly, and fun place to live! Search for homes for sale in Rocklin or contact Allan Sanchez for a tour of Rocklin and available homes that fit your budget!   Rocklin School District-What School Will Your Child Attend?
Comments 1