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menlo park homes for sale: Mini-Bailout Plan For Menlo Park - 07/29/09 04:56 PM
 
Local governments are also pitching in on rescue plans for the economy, particularly in real estate. If we have the first time homebuyer tax credit on a national scale, Menlo Park has its own contingency measures to boost the city’s economy.
Andy Cohen, councilman in Menlo Park City, has submitted a proposal that focuses on foreclosed homes. He proposed allotting a $2 million budget for buying foreclosed homes, renovating them, and then selling the improved homes at prices below their current market values.
The budget will be taken from below-market rate housing funds. The limitations to the proposal are only … (0 comments)

menlo park homes for sale: Coming Soon in Menlo Park: A Supermarket or a County Jail? - 07/27/09 10:02 PM
Sticking out like a sore thumb in the posh residential area, the long stretch of vacant lot in El Camino, Menlo Park has been a problem for nearby residents ever since it had been abandoned by a Cadillac dealer.
Recently, there have been a few proposals for the vacant commercial space that the residents, and even the Menlo Park Planning Commission, may not be too happy to know about.
One developer had submitted four proposals -- none of them including residential projects.   Sand Hill Property is considering either a supermarket, office space, or a commercial complex with a mix of restaurants, … (1 comments)

menlo park homes for sale: Menlo Park Purchase Assistance Loan Program - 07/22/09 03:05 PM
First-Time homebuyers in Menlo Park can avail of an affordable subordinate loan program that helps middle- income families purchase their own home in Menlo Park through the Purchase Assistance Loan Program (PAL).
To qualify, the homebuyer should have lived or worked in Menlo Park for at least one year. The benefits of PAL include:
1. Loans of up to 20% of a home’s selling price or $75,000, whichever amount is lower.
2. No maximum restriction on the selling price.
3. Maximum loan term of 35 years with 0% loan interest and no payments for the first 5 years and a fixed … (0 comments)

 
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Todd Beardsley

Palo Alto, CA

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Menlo Atherton Realty

Address: 1010 El Camino Real, Palo Alto, CA, 94025

Office Phone: (650) 630-3313

Cell Phone: (650) 630-3313

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