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FRAUD ALERT from the Alameda County District Attorney's office (CA) - 07/29/10 01:30 PM
Your local MLS may have similar warnings. Because of the proliferation of scammers online and otherwise, we should all be on the lookout. Here's an alert from our MLS service FRAUD ALERT The Alameda County District Attorney's office has received information that the individual may be targeting Real Estate sales agents for a version of "Advanced Fee Fraud." You are urged to be alert for these individual attempting to run this scam in your area.The individuals will pose as interested home buyers of high-end homes. They will target mostly new developments, and homes listed for more than one million dollars. The suspects will (10 comments)
Here's a wonderful example under $500,000 in popular Laurel district of Oakland.
Is it a seller's market in Oakland? And look....more short sales are closing escrow! - 07/18/10 12:50 AM
Yes, we know that the home buyer tax credit made an impact on the market. How discernible is this impact in the Oakland CA market the last two years? Or are the low prices and low interest the real catalyst to the sales? TYPES OF SALES June 2008-May 2009 Total Sales 2894 160 short sales or 5.5% of total 1809 bank-owned or 62.5% of total (62.5% !!!) June 2009-May 2010 Total Sales 2977 335 short sales or 11.3% of total. WOW..they're actually closing them! This is very encouraging. 1383 bank-owned or 46.5%, a significant decline from a year ago.
Alameda CA real estate report: have foreclosures and short sales affected this market? - 07/14/10 04:22 PM
As Alameda residents, we've always prided ourselves on what we think: that Alameda is holding its own in terms of market values, and that we are not as severly affected as other neighboring cities in terms of short sales and foreclosures. Tracking short sales and foreclosures in Alameda, CA that have sold or closed escrow since January 1, 2010. 226 Total Sale 33 REO or bank-owned 22 Short sales 33 Foreclosures Total distressed properties 54 homes or 24% of total during the 1st half of 2010 How does this track from previous years? In 2009, this is what it looked like (6 comments)
The Essex: panoramic views of Lake Merritt from this 10th Floor 2 Bedroom/2 Bath Condo - 07/03/10 12:40 AM
I caught myself telling friends about my newest listing as being so "San Francisco-chic" in Oakland, at an incredible price. This is a short sale with two loans, both with Wells Fargo. With all these amenities, the buyer may surely find the waiting time for short sale approval as so....oh, so VERY worth the wait!This is located at The Essex on 1 Lakeside Drive in Oakland. Unit #1004 condo is at the 10th floor. And as they say, the higher the floor, the better the view! And there's a premium for that. Click on this VISUAL TOUR
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.