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Purchasing Sacramento real estate is a great investment whether you are purchasing your first home, second home or are a seasoned investor. You are invited to visit this site often to view Sacramento homes for sale, read home buying advice, get information about local schools, and the Sacramento community.
Selling your home is an important decision. It is important that the sale of your home is handled with care and professionalism. For more information about the selling process, please visit the home selling advice section.
When a borrower uses real estate as security for a loan, three parties are involved: the trustor, or borrower, the beneficiary, or lender, and the trustee, usually a neutral thrid party.
The beneficiary selects his own trustee. The trustee is usally a neutral third party, such as an escrow or title insurance company. However, a beneficiary can be his own trustee. The beneficiary can substitute the trustee at any time by simply recording a document called a Substitution of Trustee.
If the beneficiary has to foreclose, he contacts the trustee in writing, asking him to initiate the foreclosure process. The trustee handles the entire foreclosure procedure and charges a fee for his services. The trustee also handles the reconveyance of the trust deed when the trustor pays off the loan.
Before funding any money, the beneficiary needs two documents from the trustor: a promisory note and a trust deed. The trust deed is normally recorded. The promissory note is not. The originals are held by the beneficiary, the trustor should have copies.
The promissory note is a promise by the trustor to pay the loan back under certain terms. It is the evidence of the debt. The trust deed is the security for the loan and contains, among other provisions, a "power of sale" clause. This clause enables the trustee to sell the property if the trustor breaches his contract with the beneficiary. No court action is needed. This is referred to as a nonjudicial foreclosure. The trust deed also contains the names of the trustor, beneficiary and trustee. Both the note and trust deed show the face value (original value) of the loan.
When dealing with foreclosure properties, you will need to know how to contact the beneficiary, trustor and trustee, and what questions to ask them. That is where Williams LandMark Real Estate comes in. We will be your guide through this process and make sure that you are able to optimize the opportunities in this market. Please read our Foreclosure Process section.
What Is Pre-Foreclosure Coaching
The current mortgage crisis has created a tremendous focus on Real Estate. Many homeowners come to me distressed about their current mortgage situation and have many questions and concerns about what to do and the possible consequences of their decisions. Many homeowners are being deceived by "Unlicensed Foreclosure Consultants". You should always use a Realtor® who is a trained Pre-Foreclosure Coach. Pre-Foreclosure Coaching is a great way to get answers to these issues and ideas about how to deal with an impending foreclosure...More
Elk Grove
The Elk Grove community is located in southern Sacramento, which is one of Sacramento’s most rapidly growing areas. Elk Grove is also one of the most popular cities in the region for new and fairly new homes. Elk Grove is a middle- to upper-middle class town with many large homes. The rapidly growing community of Elk Grove was once mainly agricultural and farming land, and is today a mixture of sprawling suburbia and agriculture. More...
Sacramento is located along the Sacramento River just south of the American River’s confluence in the expansive Central Valley of California. In 2007 the population was estimated at 460,242, which made it the seventh-largest city in California and the 2nd largest inland city. More...
Carmichael is one of the prestige addresses of Greater Sacramento with housing across the spectrum. Carmichael is known as a low-crime community which is patrolled by sheriff’s deputies, and assisted by volunteers working out of a local substation. More...
The city of Fair Oaks is and old, stable, built out east Sacramento neighborhood. Fair Oaks is pretty, intimate and affluent and takes its name from the many oaks that grew there. More..
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