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About Me
In 2007, Erin Attardi's buyer clients saved a total of $425,500 from the original listing price of the property they purchased; an average of 12.23% off the listing price per transaction. Also in 2007, her seller clients attained an average of 95.85% of their original listing price.
Having lived in Sacramento her entire life, Erin can give you unique insight into Sacramento, CA real estate opportunities from a true native’s perspective. She is a top producing "Senior Executive Associate" at Lyon Real Estate, and a continuing member of the Sacramento Association of Realtors "Master's Club", whose membership is comprised of the top 6.5% of agents in the greater Sacramento area.
Working with Lyon Real Estate out of the Sierra Oaks office in Sacramento, she specializes in representing buyers and sellers with real estate transactions involving both new / tract and resale single family homes, condominiums, 2-4 unit structures, and commercial buildings. Erin has successfully negotiated several short sales for her clients, and also has a breadth of knowledge and experience working with buyers to acquire bank-owned property (aka - Foreclosures, REO properties, etc.). Erin works with sellers and buyers that span all points of the spectrum - investors, developers, first-time homebuyers, etc, who all value her superior client counseling, negotiation skill, and assistance through the buying or selling process. Check out some what her clients have said about her at http://erinattardi.com/testimonials.php
She focuses her attention on the Sacramento and surrounding communities - especially Downtown / Midtown Sacramento, East Sacramento, Land Park, Curtis Park, Tahoe Park, Arden, Carmichael, Pocket / Greenhaven, Rosemont / College Greens, Fair Oaks, Orangevale, Foothill Farms, Citrus Heights, Antelope, and Elk Grove.
Contact me by phone 916-342-1372 or via email at erin@erinattardi.com.
Short Sale Information at http://www.SacramentoShortSaleAgent.com
Visit my website at http://www.ErinAttardi.com
Visit my blog at http://www.SacREBlog.com
View my listings at http://Erin.GoLyon.com
Want listings emailed to you? Visit http://www.SacHomeList.com
Having lived in Sacramento her entire life, Erin can give you unique insight into Sacramento, CA real estate opportunities from a true native’s perspective. She is a top producing "Senior Executive Associate" at Lyon Real Estate, and a continuing member of the Sacramento Association of Realtors "Master's Club", whose membership is comprised of the top 6.5% of agents in the greater Sacramento area.
Working with Lyon Real Estate out of the Sierra Oaks office in Sacramento, she specializes in representing buyers and sellers with real estate transactions involving both new / tract and resale single family homes, condominiums, 2-4 unit structures, and commercial buildings. Erin has successfully negotiated several short sales for her clients, and also has a breadth of knowledge and experience working with buyers to acquire bank-owned property (aka - Foreclosures, REO properties, etc.). Erin works with sellers and buyers that span all points of the spectrum - investors, developers, first-time homebuyers, etc, who all value her superior client counseling, negotiation skill, and assistance through the buying or selling process. Check out some what her clients have said about her at http://erinattardi.com/testimonials.php
She focuses her attention on the Sacramento and surrounding communities - especially Downtown / Midtown Sacramento, East Sacramento, Land Park, Curtis Park, Tahoe Park, Arden, Carmichael, Pocket / Greenhaven, Rosemont / College Greens, Fair Oaks, Orangevale, Foothill Farms, Citrus Heights, Antelope, and Elk Grove.
Contact me by phone 916-342-1372 or via email at erin@erinattardi.com.
Short Sale Information at http://www.SacramentoShortSaleAgent.com
Visit my website at http://www.ErinAttardi.com
Visit my blog at http://www.SacREBlog.com
View my listings at http://Erin.GoLyon.com
Want listings emailed to you? Visit http://www.SacHomeList.com
Testimonials
"Erin was terrific! As a first-time homebuyer, she made the purchase of my condo completely painless. She called me regularly throughout my escrow and thoroughly explained everything to me. I even had to go on a business trip for a week right in the middle of my escrow, and she made sure that everything was taken care of before I left and called me the day I returned to update me. Even my loan officer and and title officer said she was great for them to work with as well and was easy to get hold of and quick to respond to their needs. I would highly recommend her!"
Erik Juhl Thu Sep 25, 2008
Erik Juhl Thu Sep 25, 2008
"Thanks again for your help finding me a house that met my criteria. I appreciate that you listened to what I was looking for."
Mark Winter Fri Apr 25, 2008
Mark Winter Fri Apr 25, 2008
"Thank you so much for all of your hard work to get our short sale closed. We feel like we can now move on with our lives."
J. & C. Hernandez Tue Sep 9, 2008
J. & C. Hernandez Tue Sep 9, 2008
"Dear Mr. Day {Erin Attardi's Managing Broker},
I am writing to you today because I wanted to let you know what a fabulous job Erin Attardi did for me and my husband. We just completed our first investment property purchase and we truly believe that we couldn't have done it without Erin. Immediately upon meeting her we know that she would have our best interest at the forefront of our relationship. She went out of her way to find properties that met our criteria, made sure our offer was accepted and that the deal stuck. She worked tirelessly with the listing agent, lender, title company, and everyone involved in making this happen for us. Her deep expertise and high amount of energy and effort she puts in are clearly evident in all her actions. In closing, I can tell you that when my husband and I are ready to purchase our next property, it will be with Erin again!
Sincerely,
Margaret Rowe"
Margaret & Gus Rowe Mon Jun 30, 2008
Margaret & Gus Rowe Mon Jun 30, 2008
"Thanks, thanks, thanks for handing so many of the details of our closing since we live out of town, and then we were out of the country when it closed. I appreciate all your help!!! I have recommended you to all our friends and former neighbors back in Sacramento!"
Jan & Janette Andersen Wed Apr 30, 2008
Jan & Janette Andersen Wed Apr 30, 2008
My Q&A
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Erin Attardi's Questions (3)
Erin Attardi's Answers (383)
Erin Attardi answered:
Sue is correct - there is legislation in CA that protects the tenants of foreclosed properties, and yes, once the lender of their 3rd party representative takes title to the house, they must give you a 90-day notice under most circumstances.
Sue is also correct that there is a new 90-day foreclosure moratorium in CA, however several lenders are indeed exempt from this. Here is a link that details the exempt lenders (many of the larger ones) - http://www.corp.ca.gov/FSD/CFP/pdf/ExemptList.pdf
What recourse do you seek? You might want to speak with an attorney that specializes in landlord-tenant law.
Sue is also correct that there is a new 90-day foreclosure moratorium in CA, however several lenders are indeed exempt from this. Here is a link that details the exempt lenders (many of the larger ones) - http://www.corp.ca.gov/FSD/CFP/pdf/ExemptList.pdf
What recourse do you seek? You might want to speak with an attorney that specializes in landlord-tenant law.
Erin Attardi answered:
Hi Djwing79,
UGH...the world of short sales is complicated. I have MANY short sale listings, and have closed MANY short sales, however each one is different...each lender is different, each "investor" is different, each Mortgage Insurance company is different, etc...you get the idea. Unfortunately there is no uniform standard by which short sales are negotiated by listing agents. I wish there were one, because that would make LOTS of sense, but quite frankly, this market does not make a lot of sense.
Sue hit several nails on the head. Your agent needs to have a frank conversation with the listing agent to find out how this sale is being handled. Once an initial offer is received, the seller can opt to put all other offers into back-up position...those offers can be a higher NET value, or a lower NET value, but they will remain in back-up position until the primary offer is withdrawn. Other sellers will opt to continue to submit higher NET offers to the bank, regardless of order of submission. The listing agent will guide the seller in this regard.
The listing agent works for the seller, and has a fiduciary responsibility to the seller...NOT to the lender(s). The listing agent, working for the seller and in the seller's best interests, will have a gauge on how the best way to get the short sale approved. Some lenders, for example, Countrywide (now Bank of America) will not allow any substitution of an offer once the file gets to a certain point in short sale negotiation. Their approval specifically names the buyer, and the buyer's offer that has been approved. It is NOT assignable to another buyer. Hence, in an instance such as this, it makes not sense to continue to submit additional, higher NET value offers.
I am sure this is clear as mud, right? Again, urge your agent to have a conversation with the listing agent. Good luck to you in your home search.
Erin
UGH...the world of short sales is complicated. I have MANY short sale listings, and have closed MANY short sales, however each one is different...each lender is different, each "investor" is different, each Mortgage Insurance company is different, etc...you get the idea. Unfortunately there is no uniform standard by which short sales are negotiated by listing agents. I wish there were one, because that would make LOTS of sense, but quite frankly, this market does not make a lot of sense.
Sue hit several nails on the head. Your agent needs to have a frank conversation with the listing agent to find out how this sale is being handled. Once an initial offer is received, the seller can opt to put all other offers into back-up position...those offers can be a higher NET value, or a lower NET value, but they will remain in back-up position until the primary offer is withdrawn. Other sellers will opt to continue to submit higher NET offers to the bank, regardless of order of submission. The listing agent will guide the seller in this regard.
The listing agent works for the seller, and has a fiduciary responsibility to the seller...NOT to the lender(s). The listing agent, working for the seller and in the seller's best interests, will have a gauge on how the best way to get the short sale approved. Some lenders, for example, Countrywide (now Bank of America) will not allow any substitution of an offer once the file gets to a certain point in short sale negotiation. Their approval specifically names the buyer, and the buyer's offer that has been approved. It is NOT assignable to another buyer. Hence, in an instance such as this, it makes not sense to continue to submit additional, higher NET value offers.
I am sure this is clear as mud, right? Again, urge your agent to have a conversation with the listing agent. Good luck to you in your home search.
Erin
Erin Attardi answered:
Hi Frustrated,
Before you go so far as to file some sort of formal complaint...you might want to start with contacting the managing broker for the office that this agent works for. If this is a larger/franchise type office, there should be a higher authority that this agent answers to who can look into the situation and explain what may or may not have happened.
Beyond that, if this agent is a Realtor member of the Sacramento Association of Realtors, you may file a complaint there. Realtors (as opposed to plain real estate licensees) must uphold the Association bylaws and a code of ethics. If SAR investigates and discovers that there was a violation, that Realtor may be fined or receive some other sort of discplinary action. You can find out more about SAR's dispute resolution here - http://www.sacrealtor.org/dispute-resolution.html
If this agent is not a Realtor, and rather just a CA Department of Real Estate licensee, you can file a complaint with the DRE if that agent committed a fraudulent act. Here is a link to the DRE's comsumer complaint site - http://www.dre.ca.gov/cons_complaint.html
Aside from that, to echo what some of the others have stated - you do not have a binding offer unless it is in writing and signed by both parties (buyer and seller). Unfortunately (and this is not necessarily in defense of any of the agents involved), the banks make and break their own rules ALL THE TIME. I hate to say it, but that world is the wild west. Good luck to you in your home search, and I hope you find a great home soon.
Erin
Before you go so far as to file some sort of formal complaint...you might want to start with contacting the managing broker for the office that this agent works for. If this is a larger/franchise type office, there should be a higher authority that this agent answers to who can look into the situation and explain what may or may not have happened.
Beyond that, if this agent is a Realtor member of the Sacramento Association of Realtors, you may file a complaint there. Realtors (as opposed to plain real estate licensees) must uphold the Association bylaws and a code of ethics. If SAR investigates and discovers that there was a violation, that Realtor may be fined or receive some other sort of discplinary action. You can find out more about SAR's dispute resolution here - http://www.sacrealtor.org/dispute-resolution.html
If this agent is not a Realtor, and rather just a CA Department of Real Estate licensee, you can file a complaint with the DRE if that agent committed a fraudulent act. Here is a link to the DRE's comsumer complaint site - http://www.dre.ca.gov/cons_complaint.html
Aside from that, to echo what some of the others have stated - you do not have a binding offer unless it is in writing and signed by both parties (buyer and seller). Unfortunately (and this is not necessarily in defense of any of the agents involved), the banks make and break their own rules ALL THE TIME. I hate to say it, but that world is the wild west. Good luck to you in your home search, and I hope you find a great home soon.
Erin
Erin Attardi answered:
Hi Joan,
You did not really elaborate with your question, so I am going to assume that you are in the process of purchasing a home, did a sewer line scoping, and found the line to be obstructed or collapsed?
If you are purchasing a bank owned home or a short sale - generally those types of transactions are "as-is" and sold in their current condition. You certainly can make the request that the seller pay to have this condition fixed, but there is no guarantee they will grant your request.
If the seller is an actual person, under normal circumstances this is a negotiable item between buyer and seller.
Another wrinkle to this question is that often times, parts of the sewer lines are owned by the individual homeowner, and parts are owned by the local city/county. The damaged part of the line may not even be owned by the homeowner, so it is important to be aware who is even the owner before you start asking for repairs. If that is in question, call the city or county so they can identify that for you.
Good luck!
Erin
You did not really elaborate with your question, so I am going to assume that you are in the process of purchasing a home, did a sewer line scoping, and found the line to be obstructed or collapsed?
If you are purchasing a bank owned home or a short sale - generally those types of transactions are "as-is" and sold in their current condition. You certainly can make the request that the seller pay to have this condition fixed, but there is no guarantee they will grant your request.
If the seller is an actual person, under normal circumstances this is a negotiable item between buyer and seller.
Another wrinkle to this question is that often times, parts of the sewer lines are owned by the individual homeowner, and parts are owned by the local city/county. The damaged part of the line may not even be owned by the homeowner, so it is important to be aware who is even the owner before you start asking for repairs. If that is in question, call the city or county so they can identify that for you.
Good luck!
Erin
Erin Attardi answered:
If you are an agent with a short sale listing for a client, you really should direct him/her to seek advice from a qualified tax professional.
The short answer is yes, your seller will receive a 1099 from the lender for the difference between the net proceeds of the sale, and the amount owed. If there are two separate lenders, your client will receive 2 separate 1099's. There is both state and federal legislation regarding how debt forgiveness is handled.
Again though - be careful about giving your client any tax advice.
The short answer is yes, your seller will receive a 1099 from the lender for the difference between the net proceeds of the sale, and the amount owed. If there are two separate lenders, your client will receive 2 separate 1099's. There is both state and federal legislation regarding how debt forgiveness is handled.
Again though - be careful about giving your client any tax advice.
My Blog Posts
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New comment posted Fri Jul 3 2009, 16:20 by Terri - 2 Comments
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New comment posted Wed Jun 17 2009, 19:15 by Erin Attardi - 2 Comments
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My Listings
View all 29 listings
Specialties
Listing & Marketing Property
Selling Property
Listing Short Sales
REO / Foreclosure / Bank Owned Property
First Time Buyers
Assistance Programs
Market Trends
Sacramento County
Selling Property
Listing Short Sales
REO / Foreclosure / Bank Owned Property
First Time Buyers
Assistance Programs
Market Trends
Sacramento County
Experience
Latest:
Realtor for Lyon Real Estate
See Bio Above. Lyon Real Estate is the leading real estate company in the greater Sacramento area. I joined Lyon in March of 2007, after working with a small independent brokerage prior.
March 2007—present
Certifications & Awards
Sacramento Association of Realtors "Master's Club Member"
Lyon Real Estate "Executive Associate" Realtor
Lyon Real Estate "Trooper of the Year" 2007
Lyon Real Estate "Executive Associate" Realtor
Lyon Real Estate "Trooper of the Year" 2007
Interests
Real Estate
Pets
Boating
Recreational Softball
SF Giants
The Nick & Erin Show
Spending time with my family & friends
Pets
Boating
Recreational Softball
SF Giants
The Nick & Erin Show
Spending time with my family & friends
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