Blogs Posts on "Short Sales"
Kitsap County WA Real Estate: “Recovery or Relapse?” by Bremerton Real Estate on Nov 20, 2009An article in today’s Wall Street Journal casts a dark cloud over recent optimism that the housing market, and US economy in general, is in recovery (to read the full article, go HERE). According to the article, authored by James Hagerty and Sa...
Giving your Bank the “1-2″ Punch: Mortgage Debt Cancellation and Debt Settlement by Seattle Short Sale Blog on Nov 18, 2009Homeowners short selling their home should never believe that a short sale automatically relieves them of their obligation to pay the deficient balance. What I mean by the “deficient balance” is the difference between what you owe and wha...
Real Estate on it's Head in Silicon Valley by Bay Area Investment Real Estate on Nov 13, 2009For a bank owned home in Silicon Valley - buyers should offer 10% over asking and better be "all cash" in order to beat the competition.For a "normal" sale - buyers can offer 5-10% below asking and get favorable responses.For a short sale - buyers ca...
Duplex Short Sale San Jose - Oakridge Mall by Bay Area Investment Real Estate on Nov 8, 2009The acceptance of short sale properties is becoming the norm. There is a very nice duplex by Westfield Oakridge Mall which was put on the market 4 days ago. There are now 4 offers in hand and the listing agent is submitting the best one to the bank...
Wells Fargo Short Sale Department Wins My Respect! by Bay Area Investment Real Estate on Nov 5, 2009I thought I was sunk with a short sale listing that I took just 6 days before the trustee sale date on the courthouse steps in San Jose. I had to get this done so that the owner could process a short sale instead of a foreclosure. I listed the prop...
Why Wells Fargo bought Wachovia and not Washington Mutual by Bay Area Investment Real Estate on Nov 5, 2009Great insight into why Wells Fargo bought Wachovia. I just read this article as I was searching for ways to get my client's Wells Fargo short sale approved. The banking industry of course is very influential to real estate and knowing why banks do...
Short Sale Townhouse Willow Glen $515,000 San Jose by Bay Area Investment Real Estate on Nov 3, 2009Best schools - Booksin Elementary, Willow Glen Middle and Willow Glen High. 2 bedrooms, 2.5 baths, two story townhouse in quiet complex off Malone and Bird. 1290 square feet. 1 car attached garage plus one car space in complex. Motivated sellers. Gr...
Follow up to REOTrans soon to be Equator on Short Sales by Bay Area Investment Real Estate on Nov 3, 2009According to CEO Chris Saitta, as of October 9th, REOTrans had 4,388 short sales in their system. For sure this number will skyrocket. As more and more banks who want to purge the glut of short sales through stream lined technology, will look at com...
Dangerous Myth: “Lenders Cannot Pursue a Deficiency Judgement after a Non-Judicial Foreclosure” by Seattle Short Sale Blog on Nov 2, 2009Right now, I want to eliminate a common misconception regarding what people, even lawyers, have been claiming are “benefits” of allowing your property to go into foreclosure: Bad advisor: “If you can’t get the lender to waiv...
Kuna Foreclosures Increasing Investor Equity! by Finance Articles on Nov 2, 2009Foreclosures in Kuna Idaho are starting to become commonplace in the market. As negative as this seems to be for property owners, it is actually rather good for real estate buyers. Given that mortgage defaults at historic highs, foreclosures in Kuna...
