My New Blog

What do “same difference”, “airline food”, “free gift”, and “accurate estimate” all have in common?

Answer: They are all “oxymorons” (a figure of speech combining two normally contradictory terms).

Now we can add the real estate “short sale” to the oxymoron list!

The “short sale” in real estate is typically not very short. If you are considering a short sale as a home seller or buyer, you should understand upfront that the conventional short sale will take longer than a normal real estate home sale – sometimes twice or three times as long (or longer!). This is because there are extra steps to get a short sale approved by the Seller’s lien holder (typically a bank and there could be more than one). Here is a summary of the minimum steps in a short sale:

1. Seller qualifies for a short sale after seeking expert legal, tax, and financial advice.

2. Listing Agent assists Seller in putting the house up for sale as a short sale.

3. Listing Agent contacts Seller’s bank(s) to notify bank(s) of short sale.

4. Listing Agent markets Seller’s home.

5. Buyer makes offer on Seller’s home.

6. Buyer and Seller negotiate final agreement on sale/purchase of home.

7. Listing Agent submits short sale package to Seller’s bank(s).

8. Seller’s bank(s) review short sale package internally.

9. Seller’s bank(s) orders appraisal or Broker Price Opinion on Seller’s home.

10. Seller’s bank(s) and Listing Agent/Attorney/Seller negotiate final terms of acceptance.

11. Listing Agent/Seller re-negotiate with Buyer as necessary.

12. Seller and Buyer reach final agreement on contract terms.

13. Seller’s bank(s) approve sale/purchase of home.

14. Home sale/purchase closes.

Steps 8 through 13 can take weeks or months to execute. If the Buyer’s initial offer is not adequate from the bank’s point of view (they are the one actually losing money in the short sale), then the bank will attempt to negotiate with the Seller (who may in turn have to re-negotiate with the Buyer) to reach an acceptable agreement. If an acceptable agreement cannot be reached, the Seller’s home will likely go into foreclosure.

As a Seller in a short sale, it is critical to provide all required information outlined by your bank and/or Listing Agent. The completeness of the short sale package sent to the bank is key in getting the bank to review the Seller’s file in a timely fashion. Importantly, the Buyer in a shortsale must be willing to stay the course while the Seller’s bank conducts its review process. Patience and an understanding of the complete process will help the parties work together for a successful outcome.

Phone: 209-477-5760

Cell: 209-598-8217

Fax: 209-477-4676

Email: johnmeyerrealtor@comcast.net

Pleased to announce one of our most recent SOLD short sales on the lake in Spanos Park. 

3471 Mesa Verde Circle-Fantastic lakefront home with full views of the lake from family room and master bedroom. Featuring a huge covered patio with water misters to keep you cool. Walk down to your own dock for lake access. The expanded master bedroom boasts a two sided fireplace to enjoy with the lakeview. This a special home that has been very well taken care of. SOLD for $269,900.

If it sounds too good to be true we have all been taught that it probably is. Well, here is the one that is TOO GOOD TO BE TRUE AND IS TRUE! You CAN short sale your house for free, avoid foreclosure, possibly get paid by the bank, AND JOHN MEYER REALTY ACTUALLY PAYS YOU-YES PAYS YOU 1% OF THE NET SALES PRICE TO SHORT SALE YOUR HOUSE. YOU GET THE BEST AND GET PAID TO DO IT! AM I CRAZY, MAYBE, BUT THIS IS FOR REAL!

PLEASE GIVE ME A CALL OR EMAIL TODAY TO SEE IF I CAN HELP YOU AVOID FORECLOSURE AND GET YOU SOME MONEY TO GET INTO ANOTHER HOME.

If it sounds too good to be true we have all been taught that it probably is. Well, here is the one that is TOO GOOD TO BE TRUE AND IS TRUE! You CAN short sale your house for free, avoid foreclosure, possibly get paid by the bank, AND JOHN MEYER REALTY ACTUALLY PAYS YOU-YES PAYS YOU 1% OF THE NET SALES PRICE TO SHORT SALE YOUR HOUSE. YOU GET THE BEST AND GET PAID TO DO IT! AM I CRAZY, MAYBE, BUT THIS IS FOR REAL!

PLEASE GIVE ME A CALL OR EMAIL TODAY TO SEE IF I CAN HELP YOU AVOID FORECLOSURE AND GET YOU SOME MONEY TO GET INTO ANOTHER HOME. 

Pleased to announce I just SOLD this short sale in Spanos Park Stockton.  Wells Fargo was the 1st and B of A the 2nd lienholder.

3410 Grandi Circle, Stockton, CA 95209  SOLD for $207,000. 

2499 Square Feet

This is a really nice home in Spanos Park. Amenities include: living dining combo, full bedroom/bath downstairs, laminate floors, tandem garage, wired for surround sound, ceiling fans in all bedrooms. Good size lot with a shed in backyard that matches the house. Great house at a great price!

Wow!  I just received approval on a Chase HAFA short sale with the seller to receive a total of $28,000. yes twenty eight thousand dollars to short sale their house. HAFA is paying them $3000. and Chase is paying them $25,000. to short sale this home.  Crazy times we are in here with the Real Estate World.

If you or anyone you know needs short sale help please don't hesitate to give me a call or email today.   

johnmeyerrealtor@comcast.net

www.johnmeyerrealtor.com

Incentive payments for relocation assistance range between $5,000 and $20,000. The program is being offered on a limited basis for investor-approved, pre-offer short sales.
Bank of America is calling it a pilot “test-and-learn” program.

If successful in Florida, Bank of America says the “test-and-learn” could be expanded to other states.

If it sounds too good to be true we have all been taught that it probably is.  Well, here is the one that is TOO GOOD TO BE TRUE AND IS TRUE!  You CAN short sale your house for free, avoid foreclosure, possibly get paid by the bank, and JOHN MEYER REALTY PAYS YOU, YES ACTUALLY PAYS YOU 1% OF THE SALES PRICE AT CLOSE OF ESCROW!!

THIS IS A FREE SERVICE TO YOU THE HOME OWNER:  Unlike many other short sale servicing organizations we do not bill you for our services.

What to expect with John Meyer:

I handle each situation personally and professionally, without criticism or condemnation of you and the difficult situation you are in.

As a licensed Real Estate Broker I facilitate the entire short sale process from listing your home to the close of escrow.

I have a track record of success in negotiating with banks and have secured lien holder approval of short sales with up to two loans on a home.

We are part of a local, legitimate established real estate firm (John Meyer Realty) based right here in the Central Valley (I HAVE LIVED HERE FOR 27 YEARS) not an obscure internet based, out of area venture.

Our team is sympathetic to your needs and we make customer service our top priority.

I HAVE BEEN COMPLETING SHORT SALES SINCE 2006 WHEN MOST AGENTS WOULDN’T EVEN TRY DOING THEM.  TOP PRODUCING BROKER IN SAN JOAQUIN COUNTY-MASTERS CLUB MEMBER 2008, 2009, 2010. 

PLEASE CALL ME TODAY TO FIND OUT IF YOU CAN QUALIFY!