Roseville CA – Shocking Fact: Most banks don’t own the loans they are handling. In fact, one of the “Big Four US Banks” only owns around 20% of the loans they hold. They are handling the other 80% as a servicer. The actual owner might be Fannie Mae, Freddie Mac, a Wall Street Trust, or a pension fund. A servicer acts as a trustee for the actual investor. They collect the payments and handle the “Lender” Functions. They then forward the money to the owner of the loan each month. The lenders get paid the same amount of money whether they do a good job or not. Are they motivated to do a good job with your loan modification application? Many people experience long waits trying to get their loan mods accepted. This might be why. Let’s say you managed an apartment community. You only returned... 09/22/2010

Roseville CA – If you’re facing foreclosure, then you are probably under stress. You don’t know what is going to happen. How long will it take before the bank kicks us out on the street? Will I owe my lender a ton of money? Will I ever get my life back? That’s why we put this site together. You need to know what your options are. So, let’s go thru them here. Option #1: Do nothing and the lender forecloses on the house. Please be aware that in most states the foreclosure process can take a long time. I’ve seen it take some lenders up to a year to foreclose on a house. Some banks have better lawyers and can get a foreclosure done in 3-4 months. But, that is often rare. Option #2: Deed-In-Lieu of Foreclosure. A “Deed-in-Lieu” is where you surrender your home to the lender. This enables the... 09/22/2010

Commercial real estate terms:  DSCR: Debt service coverage ratio. Meaning how many times does the income of the property (the commercial real estate only )  produce to pay the mortgage. Most lenders require a min  of 1.25-1.5.  NOI: Net operating income. The total amount of money left over after paying all the liabilities due by the property( the commercial real estate) . Some include the mortgage payment into this equation to really be on the safe side. Fact is this process is done to figure out how much a property can afford to pay in mortgage.  P&L's:  Profits and losses. A detailed record of expenses. Most lenders require 2 yrs and year to date but may allow less especially if it involves the purchase of a distressed asset.    Knowing what things mean and knowing that lenders will a... 09/22/2010

Roseville CA – A hardship letter is one of the most important items in a short sale. This is your opportunity to explain why your lender should approve your short sale and let you walk away from the debt. In clear terms, you need to layout exactly why you can no longer afford to keep the property. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Under no circumstance should you say any of the following. “I don’t want the house anymore.” “It doesn’t make sense to keep the house because it isn’t worth what I owe on the mortgage.” Or, “I can afford the house, but I think paying the mortgage is a bad investment.” Absolutely do not say anything like that. Instead, say the following. “Our income went down and we can no longer afford th... 09/22/2010

Roseville CA – People often ask me, “How does a short sale work for the seller?” A short sale is usually very beneficial for the seller. Here is how the process goes. First, the seller will put the home up for sale with an agent. It will usually take 1-3 months for the house to sell. During that time buyers will come with their agents to look at the house. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Once a buyer makes an offer and you decide to accept it, then we will begin negotiations with your lender. The good news is that you won’t have people looking at the home anymore. We will gather all of your financial paperwork. That will be submitted to the lender along with a copy of the sales contract and an estimated closing s... 09/22/2010

Roseville CA – The Stop Foreclosure Institute was started because we are concerned by the foreclosure crisis affecting America. Rather than just sit idly by and do nothing, we decided to take action. That’s how we got started. We want to help families keep their sanity thru difficult times. Foreclosure is a scary thing and devastates many families each year. However, you are not alone. You may want to get a reduced payment thru a loan modification or do a short sale. We are here to help. Our goal is to educate you on your options. I’m sure you’ve heard the saying, “Knowledge is Power.” When you have the right knowledge you will be able to stand up to the banks and lenders. So, check out your options here. I’m your guide in this crazy world. I’m here to educate you on your options, help ... 09/22/2010

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (September 13-17, 2010) Here is a list of foreclosures / bank owned homes in Roseville, California (Placer County) that became REO properties during the week of September 13-17, 2010: 8771 Petite Creek Drive, Roseville, CA 95661 (4/3, 4073 sq. ft. built in 1989) 401 Hanworth Court, Roseville, CA 95661 (4/3, 2583 sq. ft. built in 1989) 715 Belle Lane, Roseville, CA 95678 (3/2, 1152 sq. ft. built in 1963) 1512 Steinbeck Drive, Roseville, CA 95747 (3/2, 1203 sq. ft. built in 1995) 1404 Kaseberg Court, Roseville, CA 95678 (4/2, 1702 sq. ft. built in 1981) 2188 Beatty Way, Roseville, CA 95747 (3/2, 1371 sq. ft. built in 1997) 1585 Morning Glory Way, Roseville, CA 95747 (4/3, 2289 sq. ft. built in 2007) 301 Whyte Avenue, Rosevil... 09/20/2010

What do you do when a lockbox won't open? Every so often, a Supra lockbox jams, and I get a call. Maybe the last agent crammed the key in sideways. Maybe it's moisture in the air or temperature changes that causes it. I don't know, but I know how to fix it because I've been down that road. The trick is to remove the lockbox by releasing the shackle. Then, holding the lockbox by its shackle, repeatedly smash it on a concrete surface. Trust me, it will unjam. You can't break a lockbox. So, that's where I am headed this morning after the sun rises. Over to my listing in Fair Oaks to bash around a jammed lockbox. It's likely to be good therapy for me. Business has been so hectic lately. You know what else is good therapy? Walking into a new listing that sparkles and is ready for showings. I... 09/20/2010

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (September 6-10, 2010) Here is a list of foreclosures / bank owned homes in Roseville, California (Placer County) that became REO properties during the week of September 6-10, 2010: 1987 Inglis Way, Roseville, CA 95678 (3/2, 1368 sq. ft. built in 1980) 2329 Hartland Circle, Roseville, CA 95661 (3/3, 2194 sq. ft. built in 2006) 1333 Greenborough Drive, Roseville, CA 95661 (4/3, 1784 sq. ft. built in 1978) 1105 Main Sail Circle, Roseville, CA 95661 (4/3, 1986 sq. ft. built in 1988) 92 Talmont Circle, Roseville, CA 95678 (3/3, 1376 sq. ft. built in 2007) 7601 Rosehall Drive, Roseville, CA 95678 (4/3, 2105 sq. ft. built in 2004) 1989 Inglis Way, Roseville, CA 95678 (2/2, 1152 sq. ft. built in 1980) 1520 Swallow Way, Roseville,... 09/13/2010

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (August 30 - September 3, 2010) Here is a list of foreclosures / bank owned homes in Roseville, California (Placer County) that became REO properties during the week of August 30 - September 3, 2010: 81 Chambord Way, Roseville, CA 95678 (3/3, 1351 sq. ft. built in 2007) 1957 Terracina Circle, Roseville, CA 95747 (3/2, 1465 sq. ft. built in 2005) 3121 Calypso Lane, Roseville, CA 95661 (2/2, 1023 sq. ft. built in 1998) 676 Fifteen Mile Drive, Roseville, CA 95678 (3/2, 1835 sq. ft. built in 1998) 1867 Avenida Martina, Roseville, CA 95747 (4/3, 2259 sq. ft. built in 1996) 1500 Frances Drive, Roseville, CA 95661 (3/1, 1040 sq. ft. built in 1956) 316 Trimstone Court, Roseville, CA 95747 (APN 490-030-035-000) 8841 Water Song Circ... 09/06/2010

Sprint 4G Coverage in Roseville, CA - New Android Phones (Samsung Epic 4G, Samsung Intercept) We visited the Sprint Store in Roseville, California yesterday and...surprise, surprise...their new Samsung Epic 4G (which was just released for sale on August 31, 2010) was on 4G! Huh??? After reading about the 4G coverage areas online, I thought it was only currently available in Stockton, Modesto (and elsewhere) and "in the works" for San Francisco and San Jose. There was no mention of it coming to the Sacramento area, but there it was...4G coverage! The HTC Evo 4G (pictured above left) has a very large screen and (of course) is a very large phone...with no slide-out keyboard. The Samsung Epic 4G (two of them are pictured above right) has a smaller screen but it's also a smaller phone than t... 09/01/2010

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (August 23-27, 2010) Here is a list of bank owned homes in Roseville, California (Placer County) that became REO properties during the week of August 23-27, 2010: 101 Dante Circle, Roseville, CA 95678 (2/3, 1434 sq. ft. built in 2005) 1306 Gerry Way, Roseville, CA 95661 (3/1, 1170 sq. ft. built in 1957) 318 Sawtell Road, Roseville, CA 95678 (2/2, 1265 sq. ft. built in 1987) 1481 Black Bear Street, Roseville, CA 95747 (4/3, 1947 sq. ft. built in 2005) 1251 Base Line Road, Roseville, CA 95747 (commercial, 0/2, 12920 sq. ft. built in 1997) 1265 Pleasant Grove Boulevard, Roseville, CA 95747 (commercial land, 29620 sq. ft.) 407 Hanworth Court, Roseville, CA 95661 (3/2, 1844 sq. ft. built in 1989) 1526 Lathwell Way, Roseville, C... 09/01/2010

Seal Coating the Streets of Strada (A John Laing Homes Community) in Roseville, CA 95678 The streets of Strada in Roseville, California (Cortina Circle, Oliva Road, Roseto Road and Vento Court) will be seal coated between Monday, August 30, 2010 to Thursday, September 2, 2010. Here are the details from the Strada Homeowners Association: All vehicles must park away from the areas being worked on by 7am. Any vehicles remaining in these areas will be towed at the owner's expense. There will not be any vehicle access of the areas being sealed and re-striped from 7am to 7pm or until the affected area is properly dry and ready for vehicle traffic. Please be aware that AC Asphalt will remove the cones once these areas are dry. DO NOT DRIVE AROUND THE CONES JUST BECAUSE AN AREA MAY APPEAR DRY. ... 08/30/2010

Home Sales in Strada, a John Laing Homes Community in Roseville, CA 95678 Strada is a John Laing Homes community of detached courtyard homes in Roseville, California near I-80 at Highway 65 near Blue Oaks Boulevard and Fairway Drive. Residents have exclusive use of Strada's neighborhood park, with a playground, walking path, covered picnic tables and a BBQ area. Don't feel like cooking? Johnny Garlic's and Chili's Grill and Bar Restaurant are just a short walk away! STRADA HOME SALES: 124 Vento Court, Roseville, CA 95678 (2+loft/2.5, 1271 sq. ft.) $188,000 - 7/21/10 *short sale* 9052 Cortina Circle, Roseville, CA 95678 (2+loft/2.5, 1271 sq. ft.) $200,000 - 6/28/10 8425 Roseto Road, Roseville, CA 95678 (2/2.5, 1337 sq. ft.) $200,000 - 6/18/10 *short sale* 8456 Roseto Road, Roseville, CA ... 08/30/2010

Home Sales in Villemont, a Tim Lewis Community in Roseville, CA 95678 Villemont is a gated community of detached courtyard homes built by Tim Lewis Communities in Roseville, California near I-80 at Highway 65 and Pleasant Grove Boulevard between Highland Pointe Drive and East Roseville Parkway. Residents have exclusive use of Villemont's clubhouse, fitness center, swimming pool, spa, BBQ and playground. VILLEMONT HOME SALES: 144 Talmont Circle, Roseville, CA 95678 (2/2.5, 1142 sq. ft.) $190,000 - 8/18/10 140 Talmont Circle, Roseville, CA 95678 (2/2.5, 1142 sq. ft.) $180,000 - 8/12/10 *short sale* 71 Chambord Way, Roseville, CA 95678 (2/2.5, 1233 sq. ft.) $200,000 - 7/30/10 45 Villa Gardens Court, Roseville, CA 95678 (3/2.5, 1357 sq. ft.) $210,500 - 6/24/10 29 Villa Gardens Court, Rosevi... 08/25/2010

It happened again. This time to a different short sale and not in Sacramento. This short sale is in Roseville. High demand neighborhood -- such high demand that I received more than a dozen calls within 24 hours of putting this short sale on the market. Several months later, I'm still receiving phone calls and inquiries. We received short sale approval for an all-cash offer and were headed for closing when a buyer's agent in Roseville called to put me on the alert. Even though this vacant home has been in active short contingent status for a while, agents still show it. I don't know why. But this particular agent noticed the air conditioning unit was missing. That huge component that sits on the side of most homes in the yard. Turns out not only did thieves steal the A/C unit, but they ... 08/25/2010

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (August 16-20, 2010) Here is a list of bank owned homes in Roseville, California (Placer County) that became REO properties during the week of August 16-20, 2010: 1002 Mayflower Court, Roseville, CA 95747 (4/3, 2112 sq. ft. built in 1988) 9695 Pinehurst Drive, Roseville, CA 95747 (4/3, 4630 sq. ft. built in 2005) 1182 Meadow Gate Drive, Roseville, CA 95661 (3/2, 1401 sq. ft. built in 1981) 901 Herbert Street, Roseville, CA 95678 (3/2, 1560 sq. ft. built in 1948) 514 Grove Street, Roseville, CA 95678 (2/1, 988 sq. ft. built in 1922) 2195 Beatty Way, Roseville, CA 95747 (4/3, 1731 sq. ft. built in 1996) 133 Look Out Point Court, Roseville, CA 95747 (3/2, 1458 sq. ft. built in 2001) 2959 Tilbury Way, Roseville, CA 95661 (3/2,... 08/24/2010

Home Is STILL Listed As "Short Contingent"...But The Bank Foreclosed 26 Days Ago! Do you ever see a home listed as a short sale that's priced significantly under market value that seems too good to be true? I just noticed a listing in Villemont, a gated community in Roseville, CA where I also have a home for sale (not a short sale or bank owned). These "unapproved" short sale listings do nothing but bring the neighborhood comps down under a false pretense. If a home listed as a short sale does NOT have bank approval AND it's listed way under market value AND it already has a notice of trustee sale...it's NOT very likely that the home can be purchased for its asking price. For example, there is a short sale currently listed on the MLS as "active contingent" in the gated community of Vill... 08/24/2010

Strategic Eviction By Tenants & Squatters - What Every Landlord, Investor & Property Manager Should Know There have been many discussions about strategic defaults and even some regarding strategic short sales, but it's time to introduce a new one to today's terminology: strategic evictions. If you are a landlord, investor or property manager, you may become the target of a strategic eviction by your tenant or squatter. A strategic eviction is defined as a tenant or squatter's decision to not pay rent in exchange for rent-free living for a certain period of time (until they get evicted by the current landlord or, if the property goes into foreclosure, the investor or the bank.) The type of person who does strategic evictions doesn't care about the consequences of having an eviction recor... 08/17/2010

Roseville, CA - Foreclosures / Bank Owned Homes / REO Properties (August 9-13, 2010) Here is a list of bank owned homes in Roseville, California (Placer County) that became REO properties during the week of August 9-13, 2010: 1980 Casterbridge Drive, Roseville, CA 95747 (4/3, 3274 sq. ft. built in 2002) 9580 Pinehurst Drive, Roseville, CA 95747 (4/3, 3448 sq. ft. built in 2004) 300 Bosbury Court, Roseville, CA 95661 (3/2, 1921 sq. ft. built in 2004) 109 Roberts Place, Roseville, CA 95661 (4/3, 4359 sq. ft. built in 2006) 1817 Bottlebrush Circle, Roseville, CA 95747 (4/3, 3147 sq. ft. built in 2002) 77 White Birch Court, Roseville, CA 95678 (3/2, 1537 sq. ft. built in 1998) 1889 Balboa Drive, Roseville, CA 95661 (4/2, 2455 sq. ft. built in 1988) 3364 Chapelle Drive, Roseville, CA 95661 (... 08/17/2010