In Los Altos from Jan 1, 2012 until June 30, 2012 there were:
3 closed short sales
3 closed bank owned homes
Total sales during this time period were 192
Total % Short Sales:…
ContinueAdded by Marcy Moyer on August 6, 2012 at 10:33am — No Comments
Homeowners with second mortgages have a higher risk of a delayed short sale or foreclosure. Why? The 2nd lienholders have trouble (rightly so) allowing tens of thousands of dollars to be forgiven and often times, their denial of the short sale offer results in more loss on their interest(s) than if they cooperated. Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, says, “Subordinate liens have become the biggest hurdle to resolving the…
ContinueAdded by Peter J Kim on August 3, 2012 at 1:51pm — No Comments
In Palo Alto from Jan 1, 2012 until June 30, 2012 there were:
1 closed short sales
3 closed bank owned homes
Total sales during this time period were 284
Total % Short Sales:…
ContinueAdded by Marcy Moyer on August 1, 2012 at 1:15pm — No Comments
In Mountain View from Jan 1, 2012 until June 30, 2012 there were:
16 closed short sales
22 closed bank owned homes
Total sales during this time period were 349
Total % Short Sales:…
ContinueAdded by Marcy Moyer on July 30, 2012 at 5:14am — No Comments
May 2012 Could Signal a Turn Around for Housing Market
There is some hope for the real estate market. According to a report published by the Commerce Department the number of homes purchased in May of 2012 was the highest number in over two years. The number of purchases increased from…
Added by Michael Collins, CDPE, SFR on July 26, 2012 at 4:12am — No Comments
This week I was at a property we are buying in Scottsdale, Arizona. I was there to meet…
ContinueAdded by Joshua Gayman on July 17, 2012 at 8:00am — No Comments
58 closed short sales
32 closed bank owned homes
Total sales during this time period were 447
Total % Short Sales: 12.9%
Total % REO…
ContinueAdded by Marcy Moyer on July 16, 2012 at 4:51am — No Comments
In Redwood City from Jan 1, 2012 until June 30, 2012 there were:
46 closed short sales
22 closed bank owned homes
Total sales during this time period were 363
Total % Short Sales: 12.6%
Total % REO Sales: 6%
Total Percentage Redwood City Distressed Properties: 18.6%
18.6%…
ContinueAdded by Marcy Moyer on July 14, 2012 at 3:23pm — No Comments
In Menlo Park from Jan 1, 2012 until June 30, 2012 there were:
9 closed short sales
9 closed bank owned homes
Total sales during this time period were 227
Total % Short Sales: 4%
Total % REO Sales: 4%
Total Percentage Menlo Park Distressed Properties: 8%
8% of all Menlo…
ContinueAdded by Marcy Moyer on July 9, 2012 at 3:14am — No Comments
It's time for the short sale/vs REO round-up for the first half of 2012. Today I will do the entire county, and then will break down the numbers by city.
So, in Santa Clara County from Jan 1, 2012 until June 30, 2012 there were:
1783 closed short sales
1099 closed bank owned home
Total sales during this time…
ContinueAdded by Marcy Moyer on July 2, 2012 at 4:40pm — No Comments
Two spectacular short sales coming up next week here in the Palm Springs Valley, California..
1. Indian Palms CC, Indio, CA.: This 3bd/3ba Condo is located on the Fairway and in great condition. Appliances included other than washer/dryer. Granite eat counter was added off the kitchen and there is a lovely, gated porch on the Fairway side of the…
ContinueAdded by Kimberley Kelly on June 30, 2012 at 2:10am — No Comments
In 2007 the Sunnyvale market was very competitive for buyers, especially for homes in the Cupertino School District. Many homes were getting multiple offers (like today) and nerves were often frayed (like today). I was working with a very nice couple who were looking for a single family home with Cupertino schools. They made several offers before one of their offers was finally accepted.
One house came on the market in the Birdland neighborhood and the agent said we…
ContinueAdded by Marcy Moyer on June 29, 2012 at 1:07pm — No Comments
The Wisconsin housing statistics are now in for May of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say:…
ContinueAdded by Michael Collins, CDPE, SFR on June 19, 2012 at 4:56am — No Comments
Just one more home loan adjusted, wiped off the books and a new buyer in place here in La Quinta. This 3 bdrm/2ba courtyard POOL home was built in 1993 and approximately 1550 sf. Currently has a tenant in place that has signed a lease with the new Buyers.
Avenida Alvarado in the La Quinta Cove.
Original note value of $386,000. Purchased in 2007. Chase was…
ContinueAdded by Kimberley Kelly on June 19, 2012 at 1:56am — No Comments
This charming 3bd/2 bath home is located in the La Quinta Cove. 52255 Avenida Obregon $148,000. Well maintained and smartly designed inside with a large kitchen, family room and nice seperation of master bedroom and guest bedrooms. The front yard features an enclosed, gated courtyard that is lushly landscaped. Both sideyards are gated and the backyard is a green oasis from the desert heat.
There is only one note with Chase on this home and the home has been a primary residence. …
ContinueAdded by Kimberley Kelly on June 18, 2012 at 10:30am — No Comments
Another La Quinta Short Sale listed, negotiated and CLOSED! Cute as a button 3bd/2ba single family in the La Quinta Cove. Seller paid $318,000 in 2006, then added granite counter tops, 18 by 18 ceramic tiles floors with hardwood floors in the bedrooms and even a custom fireplace mantle! One note with Carrington Mortgage and SOLD for…
ContinueAdded by Kimberley Kelly on June 9, 2012 at 10:18am — No Comments
Here is today's market listings update for Active short sale single family homes located in Janesville Wisconsin. This information was pulled from the South Central Wisconsin MLS on 5/31/2012 at 10:30 A.M.
Added by Michael Collins, CDPE, SFR on June 1, 2012 at 9:08am — No Comments
The Wisconsin housing statistics are now in for April of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say: …
ContinueAdded by Michael Collins, CDPE, SFR on May 21, 2012 at 8:14am — No Comments
Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away.
Perhaps you have heard about it???
On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their…
ContinueAdded by Arthur Wainio on May 17, 2012 at 12:00am — No Comments
The Second Largest Settlement in History: How it saves you from foreclosure!
The news has been a buzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders.…
ContinueAdded by Arthur Wainio on May 16, 2012 at 12:00am — No Comments
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