Erin Attardi's Sacramento Real Estate Blog: California: Sacramento: Natomas

Welcome to the Astoria community in Natomas! Come and fall in love with this amazing 2 bedroom, 2.5 bath end unit condo with attached 2-car garage, dual master suites, gourmet kitchen with granite counters, maple cabinets and stainless appliances, and separate living and family rooms. Enjoy the state of the art fitness center, pool and clubhouse just a stone's throw from the front door. Don't wait! Offered aty $169,000 subject to lender approval of short sale. For more photos and additional details, visit http://astorianatomascondo.com/.

Amazing Natomas 3 bed, 2.5 bath 1,519sf home! You will love the upgrades such as the cherry kitchen cabinets and granite slab counters, fabulous master suite with a balcony and luxurious bathroom, and a spacious backyard! Offered at $169,000, subject to lender approval of short sale. For more photos and detail, visit http://17CoyoteForkPlace.com.

Great Natomas Hampton Village 4 bedroom, 2.5 bathroom home! Great open floorplan, nice kitchen with tile countertops, extra storage under the stairs. Large backyard. Don't miss this one! Subject to lender approval of short sale. For more photos and detail, please visit http://14heroncrestplace.com/.

Get ready to fall in love! Beautifully appointed 3-4 bed, 2.5 bath home in Westborough Village. Enviable open floorplan, gourmet kitchen with island, LOTS of cabinets for great storage. Master bedroom is light and bright with many windows. Great patio yard is low maintenance! Down the street from community park. Don't wait! Offered at $195,000 subject to lender approval of short sale. For more photos and information, visit http://www.4951TrouvilleLane.com.

Fabulous two-story 3 bed, 2.5 bath pull-apart condo in Natomas! Spacious floorplan, unique features, and custom tile throughout! You will love the upgraded kitchen with granite countertops and an island with a built in sink! Upgraded laminate flooring. Attached tandem garage. Come and see your new home today! Subject to lender approval of short sale. For more photos and information, visit http://2591aimonettiavenue.com.

I am happily eating a celebratory frozen yogurt right this second...I just received confirmation from Placer Title that one of my short sale listings has closed!

If you have been reading my blog over the last couple weeks, you will know that I have been feverishly working to get an extension on a Natomas short sale that was supposed to close by August 31st, but the buyer could not perform and get her lending in time. There was a Trustee Sale set for September 8th (yesterday), and I had been repeatedly told by the short sale lender (Aurora Loan Servicing) that an extension would not be granted. Approval extensions are NOT guaranteed!!

Well, first I was successful in my bid to get the Trustee Sale postponed from September 8th to October 1. When I finally did receive that extension from the short sale lender, the buyer's lender wanted some wording changed on the approval document! ARGGH!!

I literally was having nightmares about this short sale transaction. Anyway - it closed! Seller is elated, and buyer is thrilled to be a first time homeowner at age 75! A win-win for everyone involved. YIPPEE!

This Natomas home is a blank canvas awaiting your personal touch! 3 bedrooms, 2 bathrooms, 1,475sf on a corner lot. This property needs a hammer and a paintbrush, but offers a remodeled kitchen with corian counters, cherry cabinets, and tile floors, and an open floorplan. Offered at $179,000 subject to lender approval of short sale. For more photos and detail, visit http://www.2199NewHampshire.com.

I have been having a heck of a time over the last 10 days or so trying to find a Sacramento area condo that is located in a community has been approved for VA financing. My client can spend up to $150k, and is looking for a newer construction condo with a garage. Should be simple, right? No. While an MLS search yields practically 100 matches, there are only 2 units that are VA approved...those units are in areas where my client is not interested in living (Elk Grove and Fair Oaks).

It turns out that there are only 35 condo communities that are approved in ALL of Sacramento County. In order to get VA approval, the community's CC&R's (covenants, conditions & restrictions) documents and HOA (home owner association) documents must be reviewed and approved.

In the past, VA offered a "spot approval" for unapproved units...they have pulled the plug on that.

Frustrating.  Any ideas?  My clients wants to live in Natomas.

Story of my life. Broken record. What else is new?

Got one of my short sale listings approved, and the buyer didn't stick around. So...if you want a great, single story 4 bedroom, 2.5 bathroom, 2,284 square foot Natomas home - check out 3436 Hornsea Way. It was approved for $274,800, and offers a buyer credit of $8,190 toward closing costs.

DO YOU OWN PROPERTY IN NATOMAS? On December 8, 2008 (less than 6 weeks from today), the new Natomas Basin FEMA flood maps take affect, and thousands of Natomas area residents will be required by their mortgage companies to purchase flood insurance. If owners purchase now, they will be eligible for a reduced "preferred risk" rate. This reduced rate then will be "grandfathered" in, and allowed to be carried over. If owners wait until they are forced to obtain insurance by their mortgage companies, they will get the "standard risk" rate, which is more than double the annual premium rates.

If you are wondering if your parcel falls into a flood zone, you can reference the Preliminary Natomas Floodplain Maps from FEMA. Contact your insurance agent with specific questions...