A Bay Area investor just closed on a super deal for a investment property in Elk Grove. The property was a 4 bedroom, 3 bath, 1874 square foot home built in 2004. The investor patiently waited as the short sale process dragged on and on. Many hurdles had to be overcome but in the end he was very happy to get this home for a below market price.
For information on other great deals in the Elk Grove market, please contact Diane and/or Doug Briggs. They are experienced successful Sacramento Short Sale Agents covering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, and Roseville. Hablamos Espanol. Put our experience, integrity and knowledge to work for you. Call Diane at 916-956-4912 or Doug at 916-747-1592.
Saturday, February 19, 2011
Wednesday, January 19, 2011
Another Short Sale Listing Closes...5300 Tersk Way, Elk Grove, CA 95757
Just Sold! 5300 Tersk Way, Elk Grove, CA 95757 by Elk Grove Short Sale Agents, Diane and Doug Briggs of Coldwell Banker.
This 3-4 bedroom, 2 bath, approximately 1843 square foot home built in 2002 is beautiful home on large corner lot! The home featured a built-in pool and waterfall! Built-in BBQ & Firepit and lots of upgrades. 4th room could be used as den/study/home office or bedroom. Home sold for $220,000.
The seller had one loan with Chase and the approval was successfully negotiated by Diane. Seller was thrilled with the outcome.
If you are a homeowner and are in distress with a Chase Bank loan, or any other bank, call us at 916-956-4912 for more information on how we can help you avoid foreclosure.
Diane and Doug Briggs have earned the nationally recognized Short Sales Foreclosure Resource Certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. They are also "Home Affordable Foreclosure Alternatives" (HAFA) Certified.
They are experienced successful Sacramento Short Sale Agentscovering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, Wilton and Galt. Hablamos Espanol. Put our experience, integrity and knowledge to work for you.
Call Diane at 916-956-4912 or Doug at 916-747-1592.
Coldwell Banker
9250 Laguna Springs Drive, #100
Elk Grove, CA 95758
DRE License #: Diane Briggs: 01410348 / Doug Briggs: 0134695
This 3-4 bedroom, 2 bath, approximately 1843 square foot home built in 2002 is beautiful home on large corner lot! The home featured a built-in pool and waterfall! Built-in BBQ & Firepit and lots of upgrades. 4th room could be used as den/study/home office or bedroom. Home sold for $220,000.
The seller had one loan with Chase and the approval was successfully negotiated by Diane. Seller was thrilled with the outcome.
If you are a homeowner and are in distress with a Chase Bank loan, or any other bank, call us at 916-956-4912 for more information on how we can help you avoid foreclosure.
Diane and Doug Briggs have earned the nationally recognized Short Sales Foreclosure Resource Certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. They are also "Home Affordable Foreclosure Alternatives" (HAFA) Certified.
They are experienced successful Sacramento Short Sale Agentscovering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, Wilton and Galt. Hablamos Espanol. Put our experience, integrity and knowledge to work for you.
Call Diane at 916-956-4912 or Doug at 916-747-1592.
Coldwell Banker
9250 Laguna Springs Drive, #100
Elk Grove, CA 95758
DRE License #: Diane Briggs: 01410348 / Doug Briggs: 0134695
Friday, January 7, 2011
Investor Rewarded For Patience on Sacramento Short Sale
An investor was rewarded for their patience on buying a Sacramento Short Sale property. The property was a 5 bedroom, 4.5 bath and approximately 3821 square feet home built in 2003 with an absolutely gorgeous backyard. They made an offer last April and had to wait for the seller's two banks to approve the short sale. The escrow closed in late December.
The buyer endured while the seller was trying to sell the home under the Home Affordability Foreclosure Alternative (HAFA) program. Unfortunately, the seller in the end did not qualify for the program so the sale had to be submitted a second time for bank approval.
During the approval process Wells Fargo decided to foreclose. But the buyer's agents' resources and contacts aided in getting the foreclosure delayed.
All parties were on an emotional roller coaster throughout this sale. But the perseverance and tenacity to get the escrow closed paid off.
If you know of someone looking for a great deal on a home to live in or to buy as an investment property contact Diane and/or Doug Briggs, Coldwell Banker Agents. They are experienced successful Sacramento Short Sale Agents covering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, Wilton and Galt. Hablamos Espanol. Put our experience, integrity and knowledge to work for you. Call Diane at 916-956-4912 or Doug at 916-747-1592.
The buyer endured while the seller was trying to sell the home under the Home Affordability Foreclosure Alternative (HAFA) program. Unfortunately, the seller in the end did not qualify for the program so the sale had to be submitted a second time for bank approval.
During the approval process Wells Fargo decided to foreclose. But the buyer's agents' resources and contacts aided in getting the foreclosure delayed.
All parties were on an emotional roller coaster throughout this sale. But the perseverance and tenacity to get the escrow closed paid off.
If you know of someone looking for a great deal on a home to live in or to buy as an investment property contact Diane and/or Doug Briggs, Coldwell Banker Agents. They are experienced successful Sacramento Short Sale Agents covering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, Wilton and Galt. Hablamos Espanol. Put our experience, integrity and knowledge to work for you. Call Diane at 916-956-4912 or Doug at 916-747-1592.
Thursday, December 30, 2010
Elk Grove, California Short Sale Listing for $165K - 8977 E Valley Drive, Elk Grove, CA 95624
Former model home in Elk Grove, California was just listed as a Short Sale for $165,000. Located at 8977 E Valley Drive, this 2-story home is a 4 bedroom, 2.5 half bathrooms, with 1 bedroom and 1/2 half on 1st floor. Click here for more information. Listed by Elk Grove Short Sale Agents, Diane and Doug Briggs, Coldwell Banker.
Looking for a home. Search for homes on the MLS by clicking here. Search is free. See a home you like then call us.
For more information on information on short sales, click here.
Looking for a home. Search for homes on the MLS by clicking here. Search is free. See a home you like then call us.
For more information on information on short sales, click here.
Tuesday, December 28, 2010
Warning and Advisory For Seller Regarding Short Sale Approval Letters
The issue of whether or not a Lender can legally require certain actions by a Seller as condition of granting a Short Sale, such as having the Seller agree to sign a new note and/or waive any existing protections of the anti-deficiency laws has been the subject of much debate.
Effective January 1, 2011, under Code of Civil Procedure Section 580(e), the holder of a first loan secured by residential property consisting of 1 to 4 units, must give up their rights to pursue the Seller for the deficiency after a Short Sale is granted; however, if the Seller commits fraud with respect to the sale of the real property, or causes "waste" (damages the real property) then there is no limit on the ability of the Lender to seek damages and use their existing rights and remedies against the Seller or any third party for fraud or waste. Note: This new law does not apply to deeds of trust that are not in first position or to a mortgagor which is a corporation or political entity.
The California Association of Realtors Short Sale Addendum, (11/10) states Seller has a set time frame for reviewing conditions under which the Short Sale Lender will approve the Short Sale (the "Term Sheet") with the Seller's Attorney and/or Tax Advisor. However, once the Term Sheet is delivered to the Buyer, the Seller's Short Sale Contingency is automatically removed and the Seller's ability to safely terminate the transaction because of the Term Sheet is limited. Therefore, Seller should carefully consider whether or not to authorize their Listing Agent to deliver the Term Sheet to the Buyer immediately upon receiving Lender Short Sale Approval letter.
Seller's should, in writing, authorize and give instructions to their Listing Agent, preferably well in advance of receiving the Term Sheet, on how to proceed with the delivery of the Term Sheet to the Buyer when they receive the Short Sale Approval Letter from their Lender.
The warning and advisory mentioned above was prepared by Coldwell Banker's legal department. A real estate professional is not an attorney and is therefore not qualified to raise legal claims or legally challenge the Lender's position. Buyers and sellers are encouraged to contact and consult qualified California legal and tax professional advice to determine the legality of the terms and conditions proposed by the Lender in the Term Sheet prior to making any determination as to whether or not to proceed with the Short Sale.
Click here to get more information on Short Sales.
Diane and Doug Briggs have earned the nationally recognized "Short Sales & Foreclosure Resource Certification". The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. They are also "Certified Home Affordable Foreclosure Alternatives (HAFA) Specialists".
They are experienced successful Sacramento Short Sale Agents covering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, Wilton and Galt. Hablamos Espanol. Put our experience, integrity and knowledge to work for you. Call Diane at 916-956-4912 or Doug at 916-747-1592.
Effective January 1, 2011, under Code of Civil Procedure Section 580(e), the holder of a first loan secured by residential property consisting of 1 to 4 units, must give up their rights to pursue the Seller for the deficiency after a Short Sale is granted; however, if the Seller commits fraud with respect to the sale of the real property, or causes "waste" (damages the real property) then there is no limit on the ability of the Lender to seek damages and use their existing rights and remedies against the Seller or any third party for fraud or waste. Note: This new law does not apply to deeds of trust that are not in first position or to a mortgagor which is a corporation or political entity.
The California Association of Realtors Short Sale Addendum, (11/10) states Seller has a set time frame for reviewing conditions under which the Short Sale Lender will approve the Short Sale (the "Term Sheet") with the Seller's Attorney and/or Tax Advisor. However, once the Term Sheet is delivered to the Buyer, the Seller's Short Sale Contingency is automatically removed and the Seller's ability to safely terminate the transaction because of the Term Sheet is limited. Therefore, Seller should carefully consider whether or not to authorize their Listing Agent to deliver the Term Sheet to the Buyer immediately upon receiving Lender Short Sale Approval letter.
Seller's should, in writing, authorize and give instructions to their Listing Agent, preferably well in advance of receiving the Term Sheet, on how to proceed with the delivery of the Term Sheet to the Buyer when they receive the Short Sale Approval Letter from their Lender.
The warning and advisory mentioned above was prepared by Coldwell Banker's legal department. A real estate professional is not an attorney and is therefore not qualified to raise legal claims or legally challenge the Lender's position. Buyers and sellers are encouraged to contact and consult qualified California legal and tax professional advice to determine the legality of the terms and conditions proposed by the Lender in the Term Sheet prior to making any determination as to whether or not to proceed with the Short Sale.
Click here to get more information on Short Sales.
Diane and Doug Briggs have earned the nationally recognized "Short Sales & Foreclosure Resource Certification". The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. They are also "Certified Home Affordable Foreclosure Alternatives (HAFA) Specialists".
They are experienced successful Sacramento Short Sale Agents covering the Sacramento Metro Area, including the areas of Elk Grove, Pocket, Greenhaven, Wilton and Galt. Hablamos Espanol. Put our experience, integrity and knowledge to work for you. Call Diane at 916-956-4912 or Doug at 916-747-1592.
Wednesday, December 22, 2010
Thursday, December 16, 2010
A Year In Review and Forecast for 2011
Please click on the link below to view this article.
http://www.cbnorcalevents.com/RealityCheck/10December/10decarticlesac..html
http://www.cbnorcalevents.com/RealityCheck/10December/10decarticlesac..html
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