Lender Heart

Today I conclude my series of articles answering the question, is now the right time to buy a home in Sacramento? Today’s final article is, “Do you know what you want in a home?” and can be seen over at Rocklin & Roseville Today in my real estate column. If you missed the previous articles and would like to read the entire series you can find it on my personal website.

This is a short holiday weekend and we have continued to be busy with Sacramento short sales. Most lenders, other than Countrywide, seem to have a pretty good process and appear to be working at getting as many closed before the end of the year. Countrywide seems confused and disorganized compared to other lenders and the impression we get is that they just don’t care if the house goes to foreclosure. Bank of America better start paying attention and get the bleeding stopped or we will be seeing yet another bank bailout.

Speaking of foreclosures the folks at ING Direct, a large internet based lender, have warmed the cockles of our hearts this week by announcing they would suspend all evictions through January 15th, “in the spirit of the holidays.” They are going to toss them out after Christmas rather than before, once again proving there are big hearts in the mortgage lending business.