Tag Archives: REOs

REOs? Short Sales? They’ve All But Disappeared

Our MLS system allows us agents to save search templates. One of mine that I check often is a quick search of short sales and REOs for sale in Pleasanton, Dublin, Danville, Blackhawk, Alamo, Diablo, Walnut Creek, Pleasant Hill, Lafayette, Moraga, and Orinda. My neck’s of the woods. This morning produced the lowest count I’ve […]

Locations: , , , , , , , , , , ,

There’s Really No Such Thing As An As-Is Sale

With all of the REOs, Short Sales, and newly-emboldened Sellers out there right now, we are seeing a large share of “as-is” sales. This is confusing for Buyers, Sellers, and Agents because, as long as there are inspection contingencies, there is really no such thing as an as-is sale. The phrase “as-is” means that the […]

Small condos lead the way in a slow-motion market

In the spirit that this is the Bay Area Real Estate Trends blog, I’m going to be updating some of my earlier posts to get an idea of just what some of those trends are. And appropriately, on the one-year anniversary of my first post, I’m going to revisit the Montierra Condominiums in the Hayward […]

Locations: ,

How Foreclosures Work

The Foreclosure Process The foreclosure process is different from state to state. This is how it works in California. Once you are 30-days delinquent on your mortgage payment, your lender has the right to file a Notice of Default. When this notice is filed, the foreclosure process technically begins. Although they can file this “NOD” […]

6 Reasons To Consider Buying Investment Property

This real estate market is continuing to produce many fantastic opportunities including a very make sense approach to purchasing income property. Decide where to invest your cash… 6 Reasons Income Buying Property Makes Sense 1. Low Mortgage Rates- even for investment properties, continue to remain low creating a favorable mortgage payment. It’s not uncommon these […]

FHFA Moving Forward With Bulk REO Sales

Everything about this program is wrong. Uncle Sam’s plan to sell REO’s in bulk to institutional investors is a terrible idea. It screws taxpayers, home-buyers, home-sellers, investors… pretty much everyone but the institutions who lobbied for this. If this program pics up steam, expect our anorexic inventory to only get thinner. CAR reports: LOS ANGELES […]