2549 Butch Dr. Gilory CA 95030 5 bedrooms 4+ baths was sold for 2.4 Millions in March 2006.This 3 year new custom home on the hills of Gilroy is bank owned now and the asking price is $1.325 Millions which is about half it was sold in 2005. Can you picture yourself live in a [...]
A Bank Owned home is only 1 Million dollars less then 2005 sold price!
August 5, 2008 By Leave a Comment
Santa Clara REO and short sale homes for sale 1 of 2
August 2, 2008 By Leave a Comment
Cupertino Bank Owned/REO Single Family Home
July 17, 2008 By Leave a Comment
This Cupertino bank own/REO homeis just on the market for $684,5000. This one is lowest priced 3 bedrooms 1 bath and 1 car garage and it is located at the most affordable area Rancho Ricinconada. This area has the excellent Cupertino schools. There are many other bank owned listings in the surrounding areas such as [...]
Short, short, short Short sale 2 of 2
July 11, 2008 By Leave a Comment
What short sale is: When the owner cannot make the monthly payment and a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship It is pre foreclosure situation. The owner’s hardship could be divorce, job loss, sickness, bankruptcy or combination the financial problems all [...]
Short Short Short … What is a Short sale? 1 of 2
July 9, 2008 By Leave a Comment
“Short sale” becomes a buzz word nowadays but what is that? According to About.com the short sale is A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than [...]
What is the foreclosure home and bank owned home?
July 1, 2008 By Leave a Comment
3 Tips of buying foreclosure homes
June 26, 2008 By Leave a Comment
According to RealtyTrac, lenders repossessed 197,800 homes in the first four months of 2008 vs. 90,800 in that period last year. Banks is in the business of loaning money to earn the interest not owning the real estate. Banks sometimes accept the offers are much less than you might think to get off their books. [...]
Subprime Problem is Not Serious in SV – Silicon Valley
March 28, 2008 By Leave a Comment
Larry Stone, Santa Clara County assessor came to speak at the Silicon Valley Association Realtors Cupertino Sunnyvale tour meeting last week. I always enjoy his speech. Larry provides good county wide real estate information. Larry Stone reported Santa Clara County has fewer assessment appeals than any other county in California because his department is [...]
IRS Explains Mortgage Relief
February 22, 2008 By Leave a Comment
IRS Explains Mortgage Relief Provision I found an article from the SILVAR government News today about mortgage relief due to short sale or foreclosure.The IRS has released a technical document (IR-2008-17) to alert taxpayers on how to comply with the new mortgage cancellation tax relief provisions enacted at the end of last year. Borrowers who had [...]
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