sacramento short sales: Saving an FHA Short Sale Seller in Sacramento From Foreclosure - 09/05/14 08:28 AM
Imagine the conversation I had last spring with a Sacramento short sale seller, trying to explain to him that his Tahoe Park listing had expired and there was a pending sale status noted in MLS, so I couldn't enter a new listing because of it. He had the home listed with another real estate agent as a short sale in Sacramento. Apparently, the seller had received an offer and the agent had moved the listing into pending status.
And that was the end of the story.
From last year.
The seller did not recall signing an offer, but I later discovered … (5 comments)

sacramento short sales: The Sacramento Short Sale That Lasted Over 2 Years - 09/04/14 09:21 AM
My partner in crime and I are going out to Waterboy to celebrate our endurance over closing this Sacramento short sale in Carmichael, which lasted for more than 2 years. You get to know people fairly well when you're working with them over a two-year period. With the bulk of my real estate sales in Sacramento, I meet the sellers, offer staging ideas, shoot professional photos, pick a price, suggest the buyers pound sand when they try to renegotiate and successfully close the transaction, all within a few months. These are not long relationships. In fact, with some, especially the escrows … (9 comments)

sacramento short sales: The Bugaboo in Hamp Rate Resets on Those Sacramento Loan Modifications - 07/19/14 08:12 AM
I've been so busy lately taking care of my listings in Sacramento that I haven't come up for air to analyze what's going on, but this morning I read a blog on Active Rain warning about the HAMP rate resets. Suddenly, it became crystal clear that the day I feared would happen many years ago is about to arrive, and it's why so many sellers are all of a sudden calling me to negotiate and sell their home as a Sacramento short sale.
They have a HAMP loan modification. Of course! I actually saw that one coming but forgot about it.
(7 comments)

sacramento short sales: The Proactive Approach to a Fannie Mae Short Sale in Sacramento - 03/13/14 08:59 AM
At least when an agent is dealing with a Fannie Mae short sale, even with all of its supposed improvements, the agent is still dealing with the devil she knows. These government-sponsored entities, although winding down operations, have been the proverbial thorn in every short sale agent's side, from California to Maine for years. It doesn't matter whether the investor is Freddie Mac or Fannie Mae, both are equally a PITA to a Sacramento short sale agent.
You can't ignore them but you can find a way to somewhat work with them. I believe in taking the proactive approach to my … (4 comments)

sacramento short sales: The Main Problem With a Sacramento Short Sale Today - 03/07/14 08:33 AM
An agent asked a few days ago how I handle disappointment, because being disappointed happens to a lot of people involved in Sacramento real estate. The thing is I don't focus on it. In fact, I get rid of it as quickly as possible once I realize I've reached the river of no return. Fortunately, I don't face very many disappointments because my business is fairly balanced. I also keep my expectations low, which tends to minimize disappointments that can become inherent when dealing with other people.
It is rare that I have to fire a seller or a buyer as … (6 comments)

sacramento short sales: Peter, Paul and Mary Aren't Crying Over Sacramento Short Sales - 03/01/14 09:17 AM
I started out my blog on my personal website today talking about a song but it's not a Peter, Paul and Mary song like you might expect. It's a little more contemporary, if you can call The Jayhawks contemporary, and I'm not sure that you can. One of the guys in the Jayhawks was also in Golden Smog, and I caught their performance one steamy summer afternoon in the mid 1990s at the Grand Old Day Saint Paul extravaganza.
My girlfriend and I staked out a spot at the front of the stage, while we sat in the hot sun and … (9 comments)

sacramento short sales: Working That Green Tree Short Sale in Sacramento - 02/18/14 08:31 AM
It seems lately that every time I turn around, I am bumping into a Green Tree short sale in Sacramento. Some of my short sales have a Green Tree loan in first position but most of them are in second and hard money. I had a conversation with a Bank of America negotiator a few days ago about Green Tree because Bank of America wanted to offer the sellers a Cooperative Short Sale. Well, that's all fine and dandy if there is no second lender, but a second lender can throw a wrench into a Cooperative Short Sale transaction, and Green … (3 comments)

sacramento short sales: A Milestone for This Sacramento Short Sale Agent - 10/17/13 08:34 AM
I have not been tracking how many short sales I have sold since 2006, but I do track short sales on my website starting in January of 2010. These are just the short sales in which this Sacramento real estate agent represents the seller, I believe. I don't think I've got very many buyers in that mix unless I ended up representing both sides, which can happen when short sales blow up. Buyers get weird, demand repairs, want price reductions or they just become unmanageable for their buyer's agents, so I find the buyer myself and refer them to a team … (5 comments)

sacramento short sales: Breaking Bad Finale and the Slowing of Sacramento Short Sales - 09/30/13 08:20 AM
Every good thing must come to an end at some point to allow room for something else, and the end of AMC's Breaking Bad, coupled with the slowing of Sacramento short sales, seem to coincide. I was thinking about that yesterday when I drove to a home near Elk Grove to meet with the sellers, a charming couple who had moved to another town.
Last year at this time short sales were closing escrow hand-over-fist, and this year the inventory of short sales in Sacramento has dropped by about 80%. Thank goodness this Sacramento real estate agent sells other types of … (6 comments)

sacramento short sales: Why Would a Bank Issue a Short Sale Denial Letter? - 09/21/13 08:38 AM
Some people might wonder why I would write about a short sale that was denied because it's not a way to attract business. I write about it because it's so rare to have it happen. It's like a bolt of lightning striking your home. Just not gonna happen during your run-of-the-mill rainstorm. It's probably just gonna rain.
As long as the seller qualifies for the short sale and the sales price is market value, my Sacramento short sales tend to get approved. If I see a situation in which the seller has an extreme hardship such as losing a job, coupled … (7 comments)

sacramento short sales: The State of the Sacramento Short Sale Market in June 2013 - 07/22/13 09:18 AM
There was a time last year when I was juggling more than 70 escrows a month, most of them were short sales. That market in Sacramento has finally slowed down. I predicted it was over last spring and got push-back on it. But the statistical facts tell a pretty convincing story about short sales in Sacramento.
In June of this year, we had 2205 homes for sale and, of those, only 255 were "supposed" short sales. See, this is the thing about short sales in Sacramento, many of them are not really short sales. Just because they are listed in MLS … (7 comments)

sacramento short sales: Pica Brings You That One Thing Needed to Close Sacramento Short Sales - 06/27/13 09:50 AM
I plopped down in front of the computer this morning to bang out my daily blog post, when I felt that big ol' paw tapping my shoulder. I looked down and sure enough, it was Pica, the Ocicat, tapping my arm in that Pardon me, but do you have any Grey Poupon sort of way. He then reminded me that I made him pose for his official 2013 portrait yesterday. He doesn't really like to have to pose for pictures but he's such an easy-going guy that he puts up with my shenanigans.
After I finished taking a few photos of … (3 comments)

sacramento short sales: Don't Let the Sacramento Short Sale Crooks Win - 06/10/13 04:11 PM
There are some days I feel worn down and beaten up, and I'm not just talking about the way my cats treat me. I'm out there in the battlefields waving my magical wand while everybody around me is getting their heads chopped off, oh, wait, my bad, that was Game of Thrones. But sometimes in the Sacramento estate market, it's difficult to separate fantasy from real world because people are so nuts. People seem absolutely convinced that they are right, even when they are wrong so many ways from Sunday that I can lose count.
It's like herding cats. They run … (4 comments)

sacramento short sales: Three Short Sale Approval Letters in One Day - 05/24/13 08:16 AM
It's not often I get a barrage of approval letters for a short sale all at one time. They are generally spit out, one by one, very slowly, like your luggage on the conveyor belt at the airport. In one of the approval letters, I noticed the letter did not match the HUD. That's the very first thing a Sacramento short sale agent does when she receives an approval letter. She looks to see if it matches the HUD. If it doesn't match the HUD, there could be issues or problems that would prevent it from closing, so the approval letter … (7 comments)

sacramento short sales: A Little Secret about HAFA Short Sales in Sacramento - 03/29/13 08:18 AM
When HAFA short sales first hit the scene in Sacramento, it was not uncommon to get many of these short sales rejected. That's because there were really no hard rules published about what will qualify a seller for a HAFA short sale. There were general guidelines for eligibility, but being eligible and qualifying are two different things. People get all excited when they are told they are eligible and they think it means they qualified for it, but that's not the case. If you are breathing, you might be eligible. You don't have to live in the home to qualify for … (2 comments)

sacramento short sales: Short Sales in Sacramento Decline as Equity Sales Rise - 03/21/13 08:15 AM
You're probably not seeing this phenomenon yet in the real estate stats for Sacramento, but I'm telling ya that short sales are declining and equity sales are rising, and you can take that to the bank. I analyzed MLS a few days ago to see how many short sales were available and there were fewer than 10% of all the homes for sale in Sacramento. But I am also spotting it in my own real estate business.
I'm talking with sellers, looking at the comps, thinking that yes, they could do a short sale, but there might be a way to … (4 comments)

sacramento short sales: Has the Short Sale Train Left the Station in Sacramento? - 03/09/13 08:31 AM
People looking around in real estate for an opportunity to make money all seem to be gravitating toward short sales, especially in the short sale capital of the world in California. The REO home sales are pretty much down in markets everywhere and short sales have emerged as the distressed sale preference for many. As a result, I see more and more ads from guys trying to cash in on the phenomenon of short sales.
The main problem is they're a day late and, as Chris Ann Cleland in northern Virginia would add, a dollar short. So, don't get sucked in. … (5 comments)

sacramento short sales: The Month of December Recap for Sacramento Short Sales - 12/16/12 08:48 AM
The month of December is shaping up to be an excellent month for closing Sacramento short sales. It's not my best month all year, but 11 or 12 closings this month ain't shabby. And that doesn't count the residual, just my individual efforts. But due to the mortgage debt relief expiring and everybody's frenzied rush to close by year end, it's looking like the closings in January won't be as strong. What will be strong in January will be new listings. January and February will be huge months for new inventory for this Sacramento short sale agent.
That can mean only … (2 comments)

sacramento short sales: Wishful Thinking is Wishing People Would Do What They Say They Will Do - 11/29/12 08:03 AM
Some people would consider me an impatient person but you can't be impatient and sell Sacramento short sales. So, I would say those people are mistaken. I have a lot of patience. I tell that to negotiators, too, when they call and apologize for taking so long to find the answer they are seeking while we are talking. I just assure them that I am a Sacramento short sale agent, so I have a ton of patience. It comes with the territory.
What I don't have a lot of patience for is real estate agents who make promises they can't keep. … (8 comments)

sacramento short sales: Why a Short Sale is Like a Snowflake - 11/27/12 07:46 AM
I got the chance over the holiday weekend to experience a little bit of snow. OK, it was watching a few flakes fall from the sky and melt before hitting the ground from within the confines of a warm home with the heat on, but still, it counts. They were snowflakes. And it made me think about short sales. Doesn't everything remind me of short sales? See, that's how twisted this Sacramento short sale agent has become. Totally consumed by this odd phenomena of short sale land.
But I also got to experience the other side of winter weather -- the … (5 comments)

 
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) Rainmaker large

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents

Put 40 years of experience to work for you

Sacramento, CA

More about me…

Lyon Real Estate

Address: 2801 J Street, Sacramento, CA, 95816

Mobile: (916) 233-6759

Office: (916) 233-6759

Email Me

Broker-Associate at Lyon Real Estate, midtown Sacramento office. Selling since 1974. Homebuying expert at About.com. Best short sale agent in Sacramento. Elizabeth sells homes from Galt to Lincoln.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for About.com, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you.



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