Local service nationwide commercial lending. Up to 90% for certain property types including multifamily. Roberto 916-847-7212 http://www.linkedin.com/pub/roberto-cre-connections/b/642/a59  01/14/2011

Roseville Short Sale FAQs-Will I Have Tax Liability? If you're a Roseville homeowner, considering a short sale, you are probably wondering if you will have to pay Federal or State taxes.  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 Roseville 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 indebtedness then ther... 01/14/2011

Short Sale Realtor Roseville – Roseville Short Sale Agent, Mark Peek, recently received a question from Paul. Here is Paul's Question.  "I own a condo that I purchased in 2005, pre-construction for $350k and have a mortgage balance of $335k. I have been trying to sell my unit for upwards of 2 years with no success. I have been unable to refinance because my unit is worth much less than the balance on my mortgage. I have been denied a loan modification. I must move by this summer and do not want to make a penny on the sale. I just want to be rid of this property. I have been advised that I would not get approved for a short sale because I do not have a financial hardship. However, I am not sure this is correct. I am seeking advice as to what my options are.” said Paul. Discover how othe... 01/12/2011

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (January 3-7, 2011) Here is a list of foreclosures in Roseville, California (Placer County) that became bank owned during the week of January 3-7, 2011: 2327 Petruchio Way, Roseville, CA 95661 (4/3, 2657 sq. ft. built in 2005) 501 Gibson Drive #1714, Roseville, CA 95678 (2/2, 1016 sq. ft. built in 2003) 1793 Bottlebrush Circle, Roseville, CA 95747 (4/3, 3147 sq. ft. built in 2002) 107 D Street, Roseville, CA 95678 (2/1, 663 sq. ft. built in 1920) 718 Main Street, Roseville, CA 95678 (2/1, 1041 sq. ft. built in 1918) 108 Monterey Pines Court, Roseville, CA 95747 (4/2, 2015 sq. ft. built in 2003) 1408 Deerfield Circle, Roseville, CA 95747 (4/3, 1977 sq. ft. built in 1986) 165 Valley Oak Drive, Roseville, CA 95678 (3/3, 1380 ... 01/11/2011

Buy A Short Sale Home in Roseville CA, 95678-Just Listed Homes For Sale Just listed in Roseville!  8208 Sienna Loop is a 3 bedroom, 2 bath home with 1,843 square feet, granite counter-tops, upgraded tile, maple cabinets, in good condition.  This home is close to a school and parks.  It also has great Roseville freeway access located just of Hwy 65 and Blue Oaks. Short sales are not like traditional sales.  They are more complex due to additional negotiation needed with the seller's lender.  Make sure you hire a Roseville short short sale expert if you are buying or selling a short sale in Roseville. Roseville Short sales are desirable because they are often slightly discounted compared to traditional sales and usually in better condition than foreclosures that have been vacant for awhil... 01/11/2011

Roseville Short Sale Help - Roseville Short Sale Specialist, Mark Peek, recently received a question from Sara.  Here is Sara's Question. "Is it legal for a seller to buy their own short sale to reduce their mortgage balance?” asked Sara. Discover how other sellers successfully did a Roseville Short Sale to avoid foreclosure by clicking here. Here was our answer. We don’t know of any law on the books that forbids a person from buying a home they are short selling. However, banks and lenders don’t allow it. If the short sale negotiator sees a sales contract with you as the buyer, they won’t approve the short sale. Sure, you could do fishy paperwork to buy the home yourself.  But, you risk getting prosecuted for fraud, if caught. Current lender guidelines prevent a purchase after a short ... 01/11/2011

Buying a Roseville Short Sale – If you are looking to buy a home, then you probably want to get the best deal. January is the best time to be purchasing a home. Let me explain why. A lot of people put their homes on the market in January. In addition, there are very few people looking to buy a home in January. This is because most of the people transferring for a job have already bought a home. Their companies want them to have purchased by the end of the year so they can write it off on the corporate tax bill. Discover how other sellers successfully completed a Roseville Short Sale to avoid foreclosure by clicking here. The remaining buyers are usually waiting until Spring to go house hunting again. This gives you 2-3 months of prime negotiating time. It is more than likely that you w... 01/09/2011

Short Sale Help in Roseville CA – Roseville Short Sale Agent, Mark Peek, recently received a question from Tom. Here is Tom's Question.  "I divorced four years ago. We had had our home on the market for some time, but it wasn't selling. My ex needed money to buy another home. Since it wasn't selling, we refinanced and split the equity. She used the money to buy another house and I stayed here. I put the home back on the market recently. Today, several years later it still isn't selling. The market value today is $350,000. I owe over $550,000 today. I am having trouble making the payments. I asked my agent about a short sale, but they didn't offer any help. I want to do the right thing, but can't afford the home anymore. I have called GMAC, but they haven't offered any help either. Shou... 01/09/2011

Want to know what the smallest, largest, cheapest and most expensive homes in Roseville, California that sold in 2010 were? Here you go, based on MLS data for single-family detached homes in Roseville, CA zip codes 95678, 95661 and 95747 (not including condominiums, mobile homes or properties sold at trustee sales):   SMALLEST HOME IN ROSEVILLE, CA (576 SQ. FT.) SOLD IN 2010 Located at 113 Franklin Street, Roseville, CA 95678, this charming 1-bedroom, 1-bath bungalow was built in 1941 and has a whopping 576 sq. ft. of living area and is on a 5140 sq. ft. lot. This home was on the market for 7 days before it sold for $110,500.   LARGEST HOME IN ROSEVILLE, CA (6,630 SQ. FT.) SOLD IN 2010 This 6-bedroom, 7-bath custom home with a pool & spa is located at 3570 Northranch Way, Roseville, CA... 01/07/2011

Buy a Foreclosure Roseville There are currently 81 foreclosed and bank owned homes available in Roseville. Click here to request a current and free list of foreclosed homes in Roseville.  Why buy a foreclosed home?  Because they are typically priced 5%-10% under market value.  Some some foreclosed homes are in move-in condition.  Others are fixers or need updating.  If you are a do-it- yourselfer or ready to spend a little money improving a bank-owned home, you can score buying a foreclosure in Roseville. How to get your offer accepted by the bank: Many buyers wonder why the bank never choses their offer.  It's important to chose a Roseville real estate agent with experience closing Foreclosure, REO, and bank-owned homes.  The banks and their listing agents are busy.  They do not have t... 01/06/2011

  Roseville Short Sale Advice – Many agents and buyers are scared of short sales. Here is something that I do to make the short sale process easier for the home seller. Before I start negotiations with your lender, I will order a complete title search. Here is why I do that. I want to know all the costs upfront, before I give the bank a number. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. If I don't do this, then the short sale lender will approve the short sale at a certain price. We can get to the closing table and discover there are unforeseen costs. Then we have to go back and re-negotiate with the short sale lender. This can be tough because they already have a higher number in mind. Sometimes you have to start the short sale negot... 01/06/2011

Serving the Sacramento / Roseville area. Providing commercial real estate financing. Local service with nationwide commercial real estate lending sources. Roberto 916-847-7212 creconnections@gmail.com Property types Multifamily Retail Office Special use and more Loan types. Conventional Bridge Purchase and refinance 916-847-7212  01/06/2011

Short Sale Advice in Roseville CA – Roseville Short Sale Agent, Mark Peek, recently received a question from Patty. She is buying a home and her agent is trying to talk her out of short sales. Here is Patty’s question. “I am looking to buy a home. Some of the best priced properties are short sales. However, my agent won’t show me these homes. She keeps on telling me the prices are lower than the lender will accept and that short sale never close. What should I do? I am really interested in these homes, especially at the price they are being offered at.” Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here was my answer. Patty, you should talk to your agent and see what they dislike about short sales. Your agent may have had a bad experien... 01/05/2011

"My FICO Score is Too Low for a Mortgage? Can I Use a Co-Signer?" Sometimes I will run credit on a Roseville mortgage applicant, their FICO score is too low for them to qualify for a mortgage.  When I deliver the bad news, the borrower will often ask if they could qualify by adding a co-signer.   Adding a Co-Borrower (someone like a spouse or partner who will be living in the home after it is purchased) or a Non-Occupant Co-Borrower (someone who will not be living in the home but agrees to be on the loan with the Borrower) is certainly an option on many types of mortgages. But here is the problem: when evaluating credit score, the underwriting decision is based on the borrower with the lowest FICO score.  So, if your FICO score is 550 and you add a Non-Occupant Co-Borrower whose score i... 01/05/2011

Short Sale Expert Roseville CA – Roseville Short Sale Expert, Mark Peek, occasionally gets  comments from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example. Mark Peek submitted a short sale offer on a property. The bank turned down an offer for $220,000 on the house and the buyer walked. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Today an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago. The bank did an appraisal 4 months ago. The appraiser  thought the house was worth $265,000. The lender rejected the offer because it didn't meet their guidelines and the buyer walked. We put the home back on the market and waited for another o... 01/04/2011

Del Webb’s Sun City Roseville community is just a two hour drive from popular California destinations plus just 20 miles northeast of Sacramento, California. Located in the town of Roseville, this CA 55+ community offers fabulous amenities, 27-holes of golf, a wonderful location, mature landscaping and newer ranch homes built between 1994 and 2000. Residents of Sun City Roseville enjoy an ideal location close to the famous Napa Valley and Sonoma wineries, the relaxing Lake Tahoe and the excitement of San Francisco. Even closer to the community is the city of Sacramento offering fantastic shopping, dining, outdoor recreation and entertainment. Even closer yet just 12 miles from the community is Folsom Lake, an 18-000-acre lake and park area offering unique recreational opportunities such... 01/04/2011

Do I Need a Real Estate Agent Roseville Wondering if you need a Roseville real estate agent to buy or sell a home?  It is understandable that some are skeptical of real estate agents.  We have all heard the real estate horror stories staring incompetent and inexperienced agents.  Thoughts from some Buyers and Sellers:   1. What can a Roseville real estate agent do for me? 2. Why do I need a Realtor?  I can find my own house online. 3. I don't want a pushy real estate agent who will try to influence me to buy a house I don't love. There are some extremely savvy buyers and sellers in Roseville who may do fine without the help of a Roseville Realtor.  However, there is added value using a top-notch Roseville real estate agent: 1. Real Estate agents add extra protection and disclosures.  86... 01/04/2011

Short Sale Roseville CA – Here is another common loan modification mistake that many homeowners make. They accept a very short term payment agreement that is not a loan modification. They could have gotten a real modification, but settled for whatever the lender recommended to them. They settled for what is called forbearance. Here’s how it works. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. A forbearance does not reduce your payments. It doesn’t reduce your back payments, or reduces them very little. The lender just allows you to catch up on all the debt over a set time period. You start paying your normal payments again. In addition, you also have to pay extra every month to catch up the back payments. Many homeowners are so desperat... 01/03/2011

  Roseville Short Sale Realtor – A lot of people in today’s lending market are stuck. They locked in  their interest rate when rates were higher. Now, they are barred from refinancing because they are upside down on their house. Whenever they apply for a new loan, the first thing the lender says is, “The current property value is less than what you owe. We can’t lend you enough money to pay off your old lender.” Do they have any options? Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Their best option is probably a loan modification. Their lender is more than likely to work with them since their home dropped in value. They may have to stop making payments before their lender will approve a loan modification. But, some lenders are even mod... 01/03/2011

Short Sale Expert Roseville CA  - Mark Peek answers one of the first questions a potential short sale seller asks us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask. The following article is my personal opinion only. I recommend that you consult with a competent legal or tax professional before moving forward with a short sale. In most cases the answer is that a short sale will usually not cause you to owe income tax. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. It used to be that you owed income tax on any forgiveness of debt. When a lender decides to forgive all or a portion of a borrower's debt, the forgiven amount is considered as income for the borrower and is liable t... 01/03/2011