Blog
How To Get An Ex-Spouse Off of a Mortgage
The marriage didn’t work out and you are ready to move on with your life. That happens about 50% of the time in America. There may be 2 ties you still have to that now ex-spouse, namely children and a home. Though the children are an eternal connection, the home does not have to be.” ...
Whoops You Did It Again…
As I reveiw the statistics for Folsom real estate, more and more I see homes that were bought a couple of years ago as a short sale or bank owned home are now back in the foreclosure process. Most buyers are finding loan requirements are tighter than ever today as a result of the foreclosures ...
Bankruptcy Attorney Drops the Ball
Be careful of the providers you choose to help when your home is in foreclosure. We represent some banks when they foreclose on homes so we are often the first people homeowners see after they are foreclosed on. We attempt to reach them in a polite & respectful way, with drop in visits and by ...
It’s Raining Money in Sacramento!
Yesterday, the Obama Administration approved a settlement that will give an estimated $1.2 billion over the next 3 years to distressed homeowners in the Sacramento region, according to a Sac Bee article today. Sounds great, but let’s look deeper. The article goes on to state that some homeowners could see their mortgage drop by tens ...
HOA’s, Water & Fee’s, Oh My!
In the Wizard of Oz we heard “Lions & Tigers & Bears, oh my!” because they were the scary things in Dorothy’s world. In our world, if you are unable to stay current on your mortgage payment, HOA’s, water and fees can be equally frightening. How so? When a homeowner has discharged debts through bankruptcy, ...
Folsom Short Sale Approvals Rise in 2011
The message I often hear is that “short sales take so long”. While that was true awhile ago, in Folsom 28.2% of the homes that sold in 2011 were short sales. Compare that to 23.1% of homes sold in 2010 as short sales and it’s clear that short sale approvals are on the rise. The ...
El Dorado Hills Home Values Up in Dec 2011
In December 2011, the average list price of a home in El Dorado Hills was $488,299 according to our Metrolist. When you look at the average list price of homes for all of 2011 in El Dorado Hills, the list price was just $470,157. Though 1 month of data is not a trend, it is ...
Should You Use Credit to Pay the Mortgage?
Responsible people often get mortgages to buy a home. Unexpected things sometimes happen, even to responsible people. That is the case with home values. People invested in a home and then property values dropped in the Greater Sacramento area. What are those responsible people to do? Some will get a second job and some will ...
Are you a Short Sale Guinea Pig?
In our society, being a guinea pig for something suggests that you are an “early adopter” or someone who is having something tried out on them. When it comes to something as important as your financial future, do you want to be a guinea pig? Completing a short sale on your home is not easy ...
Does The Bank Care If You are Divorced?
Let’s say you move out of the home and are in the process of getting a divorce. You know that your mortgage loan is larger than the current value of the home so it seems like its time to get your name off of the mortgage, right? Afterall, you no longer are living there and ...
Jim & Sheryl Smith, CDPE
CA DRE Broker #00676207
CA DRE Broker #01381095
Smith Real Estate/REMAX Gold
4359 Town Center Blvd., Suite 311
El Dorado Hills, CA 95762
916-939-2040
Sheryl@SmithsSell.com
ShortSalesSite.com
JimSellsSacramento.com