It's a Short and Sweet "Betty White Day" in Short Sales

By
Real Estate Agent with Lyon Real Estate BRE #00697006

betty whiteDo you believe it? Nearly 21% of all of the foreclosures in the county for the third quarter of this year are in California. Those two words: California and foreclosure go hand-in-hand. You can't pick up a newspaper or turn on the news without seeing those headlines. We're not the land of milk and honey anymore. We're the land of foreclosures.

Equally ubiquitous is Sacramento and short sale. It's one of the reasons that HGTV producers from Pietown came to town a while back to film a Sacramento House Hunters show about short sales. I spent 3 days filming in Natomas.

Our Sacramento suburbs are brimming with short sales. Lincoln, too. Few years ago, I had never even been to Lincoln. Now, it's not unusual for me to sell a short sale in Lincoln.

You know what teachers might start using for math equations in grade school? Assuming a 90-day publication period in the public records, plus 20 days in a newspaper of general circulation, if the Notice of Default was recorded on June 1, on what day would a foreclosure go to auction? If you owe $500,000 on your home, but the market value is $200,000, how far upside down are you?

As a Sacramento short sale agent, I deal with short sales day in and day out. Hey, I just ran a quick check on Trendgraphix. Ending the third quarter, stats show 5,721 homes for sale in Sacramento. Of those, nearly 35% or 2,001 active listings are short sales, and that doesn't count the pending short sales or active contingent short sales. A year ago, we had half of that number in short sale status in MLS. Short sales are everywhere you look.

Just like Betty White. You can't turn on TV without finding Betty White on some show. It's no longer a case of WWJD, you know. I'm getting one of those bracelets that say WWBW. Betty White is sweet, smart, sexy and funny. And that damn woman is 88 years old. I hate her. No, really, who could possibly hate Betty White? God, I hope I grow up to be just like her.

Except I probably won't. I'm not sweet enough.

What do you think? Maybe she's not really that sweet, either.

Photo: Big Stock Photo

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
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Location:
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Groups:
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Posts to Localism
Tags:
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Comments 6 New Comment

Ambassador
1,065,054
Melissa Zavala
Broker, Escondido Real Estate, San Diego County
Broadpoint Properties

While I admire Betty White for getting out there and keeping active, I'm not sure what all the hype is about. She was pretty good on MTM, but I have lost interest since then.

October 14, 2010 12:07 PM
Rainmaker
410,539
Jim Patton
Realtor - Stanislaus & Merced county Realtor.
Century 21 M&M - 209-633-2839

Elizabeth - Just a few years ago I was like a lot of agents and steered clear of short sales.  I saw the hand writing on the wall and saw that that was where the market was heading.  I jumped in and got educated on short sales and now that is just about all that I do.  I actually enjoy short sales now.  As for Betty White, I would love to meet her.  I will believe that she really is a sweetheart.

October 14, 2010 12:58 PM
Rainmaker
588,963
Jim Hale
On the Move for You! - Eugene - Springfield Oregon Real Estate
ACTIONAGENTS.NET

Betty White in real estate ......now that's an interesting thought-picture.

Can you imagine any office in which she worked getting any serious work done?

October 14, 2010 06:55 PM
Rainmaker
1,069,502
Myrl Jeffcoat
Greater Sacramento Real Estate Agent
GreatWest Realty

Elizabeth - Sometimes you frighten me, because you express thoughts I have had.  Just the other day, I thought to myself, "I hope I'm just like Betty White when I grow up."  I enjoy watching Betty far more than continually hearing the dire straits of our current housing market.  But news is what it is - dire or not:-)

October 14, 2010 07:40 PM
Rainmaker
1,149,162
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

That's because we're two peas in a pod, Myrl. We don't wait for other people around us to keep us amused. We amuse ourselves.

October 15, 2010 05:38 PM
Rainmaker
1,149,162

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

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Additional Information

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.