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menlo park short sale specialist: Menlo Park Ca REO/Short Sale Roundup - 07/08/12 07:59 PM
In Menlo Park from Jan 1, 2012 until June 30, 2012 there were: 9 closed short sales 9 closed bank owned homes Total sales during this time period were 227 Total % Short Sales: 4% Total % REO Sales: 4% Total Percentage Menlo Park Distressed Properties: 8% 8% of all Menlo Park sales being distressed is not enough to have any effect on the overall market. This is evidenced by the appreciation and high activity level of the market. If you have any questions about short sales or foreclosures in San Mateo Clara County please feel free to contact me. Marcy Moyer Keller (1 comments)
If you have an questions about short sales in The Silicon Valley please feel free to contact me. Marcy Moyer Keller Williams Realty firstname.lastname@example.org www.marcymoyer.com 650-619-9285 D.R.E. 01191194
menlo park short sale specialist: Does The Amount A House is Underwater Matter in Menlo Park Short Sales - 05/20/12 04:05 PM
As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale. Here is how it may make a difference. Some homeowners owe more on their homes than the home is worth, the definition of being underwater. The home is not going to sell for what it is worth, it will sell at or around market value. The bank generally understands that. The bank as representative for the investor on the loan wants to lose as little money as possible, but knows there is going (0 comments)
Single family and condo townhomes 2011: Total sales: 451 Short Sales: 39 REO: 22 Distressed sales as a percentage of total sales: 13.5% Compare to 2010 Total sales: 431 Short Sales: 28 REO: 29 Distressed sales as a percentage of total sales: 13.2%
My conclusion: The percentage of distressed properties in Menlo Park are very similar to 2010 at 13.2%, however, there is one big difference. In 2010 (0 comments)
menlo park short sale specialist: 2 Big Challenges to Menlo Park Short Sales - 12/14/11 06:56 PM
There are many obstacles and challenges to closing a Mountain View Short Sale, but there are 2 that I find the most challenging to get around. 1. A private 2nd or 3rd lender: These are often more difficult to negotiate than a bank. There are homes where the seller may have taken back a note for a second or third, or where a relative may have invested with a loan thinking that he/he was going to make money or at least not be left holding the bag for a relative, 2. A person on the loan who makes no contribution but (0 comments)
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