What if I found this home has non-permitted construction ?

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As the short sale homes and bank owned homes are flooded for the home priced under $500K.We found a lot those homes have non-permitted alternation. It could be add a room without window or convert the garage to be part of living space.  The left photo home’s. You can see the right side the above home was a two [...]

The Strategy of buying bank owned homes

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Buying bank owned homes strategy This Sunnyvale bank owned home 418 S. Mary Ave was sold quickly with over 20 offers. The asking price is $420,750 and the sold price probably will be over $550,000. How to buy a good deal of bank owned own homes, you need to follow the following rules: 1). Price [...]

Fannie Mae allows buyer to buy up to 10 rental properties

The Fannie Mae has sent out a new update on February 6 2009, to allow the investors to own up to 10 investment properties. Wow! It will start March 1, 2009 to replace to old guide line of 4 properties. In anther words, the investors and 2nd home buyers can purchase up to 10 investment [...]

Sunnyvale Bank Owned homes for sell

Sunnyvale Bank own homes for sale This Sunnyvale Bank own home just cute as a button. It is at a beautiful trees-lined street in old Sunnyvale. It has two bedrooms and one bath plus an office in the fornt part of the house. It will be perfectly for the home office. I like the large [...]

Tips for sellers in short sales

  The “short sale” begins when the seller has trouble of making mortgage payments and the potential sale price is less than the mortgage amount. The seller or their agent approaches the lender asking if the banks or lenders are willing to settle for less if and when a purchase contract is signed. There are [...]

Two Cupertino homes sold for a different price?

  Two Cupertino almost identical homes but sold for a lot difference in price. Yes! There are two Cupertino Rancho homes both are located at the same street Wunderlich Dr. A street with mixed sized of homes some are about 2000 sf for 1.2 millions and the other tiny homes are about $650,000 range. The [...]

Cupertino REO Bank Own homes for sale

There is only one Cupertino bank own/REO homes on the market and two Cupertino REO have sold in pending. This home located 10440 JOHNSON AV, Cupertino 95014. It is only 7 years old, 3 bedrooms and 2 baths and two car garage. It is located at the most affordable area Cupertino Rancho Riconada. This area [...]

A Bank Owned home is only 1 Million dollars less then 2005 sold price!

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 [...]