Insights into Windemere in San Ramon

Prices Increasing?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 19 Nov 2009 23:48:40 -0600

Dataquick reports today that the median price of Bay area homes is $390,000, up nearly 7% from September 2009. They report that the increase is due to adip in foreclosures and a rise in the number of high end sales.But at the same time 33% of the Fixed, A paper loans are in default in the 3rd quarter( 21% last year) and 16% increase in defaults on subprime loans( 35% last year).

In San Ramon, zip code 94582 the increase in prices and reduction is inventory is very similar.

Windemere YTD Market Summary

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 18 Nov 2009 13:51:16 -0600

Year to Date activity in Windemere has seen 129 sold homes reported on the MLS. Sales of New Homes sometimes get reported but not all the time. This data is based on what has been reported and I have broken it down into List Price vs Sold price vs Sold Month:

Activity indicated in the 2000-3000 sq ft homes. Here is the data :

Square footage 3000-4000 sq ft starting from January to date, 2009:

4000 sq ft plus activity:

Out of the 129 sales reported on the MLS, 36 homes were short sales and 20 homes were Bank owned homes.Out of the currently pending inventory of 53 homes, 39 are short sales and 2 are bank owned homes. We just have to wait and watch how many of the pending short sales will actually close.Given the fact that there are only 10 active homes on the resale market, the housing availability is in a bottleneck and will continue to tighten through the winter months. Demand is still very high, homes are flying off the market very quickly and prices are solidifying.
Prediction for 2010- NONE !!!! I have predicted things many times and had to eat crow, so I am flowing with the tide because this market is so crazy, I honestly do not know how it is going to pan out !

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Short Sales- are they a valid solution for you?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 05 Nov 2009 20:51:22 -0600

Hardship, Foreclosure and the Homeowner
In an uncertain real estate market and troubling national economy, too many homeowners are faced with the immense challenge of maintaining their mortgage by living paycheck to paycheck, taking a large pay cut, having to pay unexpected medical bills, or losing their job entirely. In addition to perhaps having little to no savings and little available credit, the situation can be very grim.

There are options for homeowners feeling stuck in this situation and faced with certain foreclosure. Some may be able to sell their home with barely enough money to pay off their mortgage. Some may be able to sell their home with barely enough money to pay off their mortgage. Others may be able to refinance, however a majority of homeowners in this situation do not have enough equity to acquire a new loan.

Options include reinstatement, loan modification, forbearance, and the list goes on; however, many of these options are a drawn-out process that do little to ease the future financial pressure and foreclosure still looms even if put off for several months. Foreclosure is entirely avoidable, however, through the process of effecting a short sale.

A short sale is a real estate transaction in which the proceeds from the sale do not cover the balance owed on a loan or loans on the property. Lenders, quite simply, accept a discounted payoff on the loan and allow the sale to close escrow. The bank or mortgage lender will agree to discount the loan due to an economic hardship on the part of the mortgagor, and the homeowner will sell the mortgaged property for less than the outstanding balance of the loan, turn over the proceeds to the lender or bank, most often in full satisfaction of the debt.

A short sale is accomplished through negotiation with a bank’s loss mitigation or workout department on the part of the real estate professional, but the lender has the right to approve or disapprove any proposed sale. Main factors contributing to the lender’s decision are the borrower’s financial situation and the current state of the real estate market.

It is neither the lender doing the homeowner a favor nor an easy way out for the homeowner, but a process enabled by the real estate professional nor homeowner when they are committed to avoiding foreclosure. It can be likened to a circus, under a not-so-big top in which the animals and acts do not seem inclined to respond to the skilled direction of their leader, the real estate professional.

The main goal of a short sale is to prevent foreclosure; however, the bank’s decision to move forward with a short sale is dependent on whether there will be a smaller financial loss taking the short sale or in the carrying costs associated with foreclosure. Typically, a bank will determine the amount of equity by determining a probable selling price from a broker price opinion (BPO) or appraisal, and decide to approve or deny the short sale based on the offered short sale price difference compared to the costs of foreclosure.

Banks will not accept all short sales, and a trained, knowledgeable real estate professional is paramount to the process of getting a short sale approved. Advantages for the homeowner are avoidance of a foreclosure on their credit history and some partial control of the monetary deficiency.In foreclosure a homeowner will receive a 1099A (Abandonment) which there is very little tax relief for. In a Short Sale a seller would receive a 1099C (Cancelation of Debt) Based in section 108 of the tax code found at www.irs.ca.gov with a letter of insolvency from a CPA and IRS form 982 there is less exposure to an ongoing tax liability from a 1099C over a 1099A

Additionally, the process of a short sale is faster and less costly than a foreclosure. Controlling that deficiency and paying off one’s debt via a short sale is a sure-fire way to sidestep immense financial hardship and get back on one’s feet. While a short sale does adversely affect a person’s credit history, the impact is far less than that of a foreclosure.

In San Ramon itself, since January 2009, there are 33 Active Short Sale Listings; 165 Pending Short Sales and 149 Sold Short Sales.Do Banks Accept all Short Sales? No. That is why it is critical from the correct presentation of the short sale package to the lender, to working with the lenders’ loss mitigation departments is our best weapon to keep the file moving towards approval.

Would a Bank Accept a Short Sale if the Homeowner is Current on Payments? The answer is, maybe. Some lenders will accept a Short Sale file for approval on loans that are not delinquent; however, this is very rare. Other lenders will not accept the file until the loan is delinquent. One way to find out whether your lender will accept a short sale file for approval on a loan that is current is by submitting a short sale file to your lender.

A short sale/ pre-foreclosure trained and certified real estate agent is central to the process of executing a short sale.They are responsible for identifying financially distressed homeowners as candidates for a short sale as well as compiling a file for submission to the lender in hopes of having the short sale approved through their loss mitigation department. The homeowner trusts the professional to work hard to avoid foreclosure via the short sale, and the professional is the linchpin on which the entire process hinges. Even more than just allowing the homeowner to “sell” their house and exit on their own terms, the real estate professional enables the homeowner to save themselves the embarrassment of excessive legal postings or the threat of a visit from the sheriff as well as helping them maintain their dignity in a time of financial hardship.

Weekly Market Trend Reports for San Ramon
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Weekly Market Trend reports for Dublin
Weekly Market Trend reports for Pleasanton

Back from Vacation, God is it good to be back !

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 04 Nov 2009 14:25:43 -0600

All it takes me is an overseas trip to a third world country to start realising my blessings and thanking God for them. I would highly recommend all the pundits going crazy with their" The US is going down and everything is bad" negative raaga to go visit a far away country- that would show them what a great life we have here.

Why are we, as a society, becoming a bunch of whiners and complainers? I know when you lose your job, or your healthcare or lose anything else that is important to you- the tendency is to cry about it but somewhere in the crying we forget to count our blessings.I just got back from India where people living in the cities are breathing the most toxic air, drinking the most infected water, living in abject poverty( or living in complete opulence), sleeping on the streets in the extreme heat or cold- yet they go about without stress !! This is the one thing that amazed me because at some deep level there is the confidence that things are ok.

When I landed at SFO, I almost kissed the ground !! I thanked God for bringing me back to my family, where I can breathe fresh air, see the blue sky, live in a beautiful environment, drink clean water and have 24/7 electricity and water !! I am not here lecturing anyone but sharing my thoughts and experiences- People, PLEASE be positive and thankful,things could have been worse. Do not forget the art of compassion for one another and do not lose the respect for one another. Life is good and will get better.

Are there any homes for sale in San Ramon?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Tue, 22 Sep 2009 01:07:05 -0500

In a growing city like San Ramon and a heavy demand for housing, we currently have just 150 homes currently available for sale. Out of these 150 homes for sale in San Ramon, 46 homes are Short sales and 16 are Bank owned.I am quite sure that out of the 46 short sales there are atleast 50% pending but because the listing agents want to play games by not marking it pending, there really is lesser inventory than the numbers show.

As for the pending homes in San Ramon,264 homes are pending YTD. Out of these 163 are Pending short sales !! Astounding numbers that shocked me too. 26 bank owned homes are pending as well, with an average of only 14 days on the market as opposed to the short sales with an average days on market being 45 for detached homes and a lot higher DOM for condos and townhouses.

Here is what the Windemere market looked like till last week:

Here is one example of a home in the Saville community that sold today. As you can see that the plan 3 in the resale market just went up in price from what the builder just sold:

San Ramon August Housing report

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 02 Sep 2009 20:16:02 -0500

The Housing market in San Ramon has heated up so much that I think its time for me to pack up for the year and go for an extended vacation !!!!!! There are so many cash buyers writing offers well over asking price, how does anyone really compete?? I just wrote an offer on a property in Windemere that came on the market for a ridiculous price of $623,000. After writing $110,000 over asking, my buyer still got beat out by a all cash buyer who paid a lot more for the same house.

It is difficult for the buyers to comprehend what happened to the market ! For me too buyers, and this is great news for sellers. Unfortunately for many buyers who check comparables and make their offers based on that, are being outpaced by the pace of the markets recovering climb. The banks are not slowly showing Contra Costa county as a stable market on appraisals but they are still not giving full value for the homes. Hence buyers are coming in with the difference in the price an dthat is why all cash offers are getting priority over all others. I just Listed and Sold 165 Landsdowne Loop in Windemere for $499,000 and sold it for $545,000 in 2 days, and with 9 offers ! Where does this leave our FHA buyers?? I am now beginning to see listing agents writing in confidential remarks that FHA buyers are not welcome... quite outrageous but considering tough appraisal guidelines with FHA loans, it becomes extremely difficult to claim the value the sellers want.

Some homes, specifically short sales, are now closing and here is detailed information of closed sales from July 1st 2009 in Windemere, San Ramon

A new disease hit us

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Fri, 21 Aug 2009 17:51:14 -0500

This new day and age in the history of America brings forth a new disease alongside the H1N1 virus- LOUSY APPRAISALS, short for 4 letter words that I cannot use on this forum. And dealing with the worst in the business, Bank Of America- I am today openly accusing them for using Landsafe and their hand in glove deal to screw over appraisals. These damn banks want the disease to spread and want to hold values artificially under the water.Give me one good reason why an appraiser will not use a higher priced active comp ON THE SAME STREET but use a lower priced active comp 1 mile away??????????? Do they have their head up their.........????? Large banks using cheap appraisers who will drive out 50 miles out of their area of business to give values on areas they probably have never seen in their lives

I am sipping my cup of tea in the morning and watching the news and the media( let me not start on them or I will surely tear my hair out) and Wall Street is reacting favorably to the news that July home sales jumped to a 2 year high. Selling homes everyday, we know how few homes there are on the market and how multiple offers are driving prices up. heck, I just sold one on a listing side with no appraisal contingency !! I don't think we have even one month of inventory in Contra Costa county and yet the banks are calling us a declining market?????????? Give me the explanation? Why and How?? This administration has tried to correct some problems but at the same time created morphed monsters that have taken on new identities.

WHo is regulating the banks and their appraisers? I called the appraisers boss to complain that he came in for 15 minutes, stayed outside for 10 minutes and only 5 min on the inside and came in 20K under value???? The boss tells me he cannot talk to me, I threatened that I would make a compliant against Landsafe with the department of RE appraisers and his attitude clearly indicated that he did not give a damn.... where should I go?? WHo should I complain to?? The last time Bank Of America did this to me on a deal 1 month ago, my buyer had to come in with a difference of 20K. Oh Oh and I forgot to tell you that it was a BofA property on short sale with their BPO coming in higher than their appraisal for the buyer !!!!!!!
This industry is inundated with goons, asses, thieves and smooth talking liars who are raping the public openly and I say the administration is equally responsible for the garbage being funnelled down the pipeline for us to tackle. We do have choices- as an industry that gets hit all the time, we realtors should raise hell on a national platform or drown in the garbage that piles upon us. Because if we are in a profession of assisting people with the largest purcchases of their lives, then we should have a say in making reforms. Please BANKS stop being the jerks that you are- ALWAYS

Am I lying??

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 16 Jul 2009 00:18:35 -0500

I am reeling from an email attack from a reader a few minutes ago. She accuses me that she has been reading my blog and I have given wrong information on my blog for 2 years. I have not even been on activerain for a year!! Why is it that I am being skinned on email because of the downturn in the market? Did I cause the downturn?

All the time I have been blogging,it is reporting what is happening in the market. Infact, it was after reading my blog and getting unofficial input from me, one of the new home community reduced their price and sold out in 3 weeks ! The reader tells me that State or Federal regulators should shut down real estate agents like myself for misleading people !! I am just reporting from the trenches and telling people what is happening.Right now, the market is so hot in Windemere, so am I going to get my behind kicked for saying so?? It may come down again, but can I predict? NO. None of us can. We only make short term predictions based on the current scenario.

I am not angry but perplexed at the rudeness, anger and absolute loathing from this person's email... I have met such wonderful people from this blogging platform, sold homes to people who connected with my thoughts and have formed solid bonds with my readers.

This person can bad mouth me and treat me like garbage on email, but in my mind, I have not done a disservice to anyone. I have probably been as honest and open as I could. Is there anyone else too who wants to slam me?? And all this because I sent an email out giving statistics on the current market- they were created with hard data and not something I conjured up with my imagination...

Is it too much to ask for some R.E.S.P.E.C.T??

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Tue, 07 Jul 2009 00:59:07 -0500

The week begins with a 5 month saga nearing an end. My buyer, who has been seeing homes for almost a year with me, is seeing the light at the end of dark tunnel called Short sales.Want to know the scoop on how interesting our lives are as Realtors? Read on..

My buyers met me last year at an open house in August and came referred to me by a past client. They had very specific needs- they needed to find a house in their "budget", the house had to be compliant with Vaastu and also had to be compatible with his personal birth astrological chart.Now, I thought the invincible gal that I am, I will be able to do it. What a fool I was at the hands of my ego !! It was a challenge I could not pass and I embarked on the journey that I want to see my clients find the perfect home.

The buyer brought his priest with him on viewings and in February this year, we found 2 houses that matched their needs. Phew, I thought it was going to be over soon.Both turned out to be short sales !! One one of them the listing agent was extremely nice, polite and professional. The other one turned out to be a verbally abusive agent, totally unprofessional and a jackal. Guess which house was my buyers absolute favorite? The one with the nasty agent. This agent did not submit my offer to the bank till 3 months later and if I honestly start giving you the actual verbatim story, it will dumbfound you to the extent of her incompetence.Nevertheless, we waited for both deals to reach some conclusion, so we could move on with our lives.

The nasty agent's deal did not happen and after being in contract with me for over 4 months, she decided that my buyer would have to pay the seller "money under the table" to close the deal.All hell broke loose on my end and the net result has been an official complaint with the DRE against her.I want to see her license revoked.

The second home was going through till we got a jolt. The appraisal came in 45K lower than the offer that was approved. Lo behold, we are back to the drawing board.We even scramble our way to top management at the bank to get the price lowered, contested the appraisal but to no avail. Upper management with the second lien holder said, they want a certain net or else let it go into foreclosure. First lien holder says go to hell because we are getting paid in full.And the agents are stuck in the middle scratching their heads on how to make this deal happen...

Here is the end of the story. The listing agent and I are tired of waiting. I really want my clients to move into a house and we are both walking away with $1500 each for commissions. A sacrifice we both made for putting our client's out of their misery.I wonder if we will both get a Thank you note!

Now my question is to consumers who slam us day after day, say we make easy money, and just treat our profession with utter disrespect--- would you show homes for for a year and then walk away with money that does not even pay your gas bills ???

This disdain that we face every day in our lives, is like an splash of acid in the face.There are many agents like myself, who work tirelessly for our clients, be it sellers or buyers. When someone talks to me like with disrespect and treats me like I am just trying to push a sale to make easy money, I kid you not- I will not tolerate that nonsense at all.And I speak for my fraternity. We all work too hard and deserve respect. The consumer should have the discerning eyes to figure out who is the right sales person they want to work with and stop making generalised judgements.

Market Activity Report for San Ramon

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 01 Jul 2009 20:46:30 -0500

The new hot deal for the day is this REO that just came on the market

Often, we find insights by watching pricing trends within the quartile segments.Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed.

Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels. The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

The SAN RAMON market is currently in the Buyer's Market zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24 so buyers should expect find reasonable levels of selection. Home sales have been exceeding new inventory for several weeks.

Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Get more Weekly trends report for San Ramon
List of Foreclosures in Pleasanton
List of Foreclosures in San Ramon
List of Foreclosures in Danville
List of Foreclosures in Dublin
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Gale Ranch vs Windemere- Movement of Price Index

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 01 Jul 2009 01:31:07 -0500

RESIDENTIAL Detached

GALE RANCH MAY 09 SOLD PRICE ANALYSIS

Address                      Original Price             Sold Price             Original Price %         DOM
106 ELEGANS CT          $1,159,000         $805,000             69%                   187
139 Maidenhair ct        $549,000            $549,000            100%                   24
3054 Sweetviolet Drive  $1,038,679         $850,000              82%                  100
3030 Sweetviolet Drive $1,002,886         $860,000              86%                    32
5219 Kenilworth Way    $1,083,156         $735,000              68%                    94
3408 BROWNTAIL WAY $529,000            $569,000             108%                    16
Totals                                  $5,361,721             $4,368,000              81%                         76

GALE RANCH JUNE SOLD PRICE ANAYLSIS

416 Maxwell Ct            $828,000              $789,750             95%                   78
148 Dahlia Ct              $1,185,745           $960,000             81%                   12
2024 Feathermint Dr    $975,000              $975,000             100%                  0
340 BROWER CT          $689,000              $685,000             99%                    5
Totals                         $3,677,745                       $3,409,750               93%                       24

WINDEMERE MAY SOLD PRICE ANALYSIS

5831 Kyler Lane            $960,000              $925,000             96%                   103
7038 Emerson Lane      $1,099,900           $1,050,000          95%                       2
506 CASELLA CT           $1,149,950           $865,000             75%                   144
600 Dromana ct            $898,000              $750,000            84%                   162
1343 KELLYBROOK         $799,000              $720,000            90%                   136
3095 HASTINGS WAY      $960,000              $820,000            85%                    63
2580 TAMWORTH LN      $879,000              $830,000             94%                     16
1251 Halifax Way          $789,900              $670,000             85%                   50
1257 Halifax Way          $729,900              $580,000             79%                   48
553 MONTROSE CT       $689,000              $680,000             99%                    15
1525 CRAIGLEE WAY     $669,000              $625,000             93%                     37
3590 YORK LN               $949,900              $850,000             89%                     45
733 BOWEN CT             $843,900              $801,705             95%                      6
2500 MCLAREN LN          $639,900              $633,500             99%                    10
1740 BLAKESLEY DR       $695,000              $690,000              99%                    15
Totals                           $12,752,350          $11,490,205         90%                   57

WINDEMERE JUNE SOLD PRICE ANALYSIS

1249 ANDREAS WAY       $885,000              $743,000               84%                  335
7087 Emerson Lane       $1,079,990           $1,059,000             98%                   63
7071 Emerson Lane       $1,099,990           $1,094,395            99%                   30
1772 BLAKESLEY DR       $714,900             $686,000               96%                  66
3080 Paddington Way    $777,900              $685,466               88%                   34
3096 Paddington Way   $793,900              $730,320               92%                   52
3088 Paddington Way   $747,900              $680,080               91%                   50
3706 Stonehenge Way $949,000             $1,050,000          111%                   47
5622 Wells Lane           $955,400              $920,000              96%                  33
5600 Wells Lane           $975,400              $975,400              100%                    7
7079 Emerson Lane      $1,099,990             $1,048,969             95%                  10
2378 KEATS LN             $874,900                $880,000              101%                   4
3658 STONEHENGE WY  $823,000                $850,000              103%                    8
2177 N DONOVAN WAY $629,000                $635,000              101%                   3
Totals                        $12,406,270                     $12,037,630              97%                   53

For more detailed reports, email me or call Rama Mehra at 925-698-1815

What is happening in Windemere?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 24 Jun 2009 01:07:21 -0500

Let me just say it in one simple word" CRAZY"

For the last 2 weeks I have been putting offers in Windemere, scouring the MLS a hundred times a day to find new homes but to no avail. Buyers are getting frustrated because since the month of April, the market has taken a 360 degree turn. Inventory is at its lowest and demand is high, especially in the price range of 500K to under 900K. New homes communities are getting are closing out and people are making a mad dash for them.

In the resale market in Windemere, a lot of short sales and distressed properties that have pending for months, are now closing.Current inventory is getting offers over asking price.Just in the month of June, the properties closing are at an average of 99% of list price.The Bank owned homes are going into contract for over asking price.

Builders are holding very tight on prices and I can already see prices creeping up.There have been camp outs of people waiting for days outside sales offices, ready to grab the houses that are released ! If you are a seller and have been thinking of selling your home, NOW is the time. There is a heavy demand and very low inventory in the market. Please email Rama for a private consultation.

Sold Price Analysis
Class ... Type ... Area	MLS #	Address	Original Price	Sold Price	Original Price %	DOM
RESIDENTIAL-Jan 09
Detached
San Ramon
	40363719	2732 MOET LN	$599,900	$600,000	100%	10
	40379461	3526 Sandalford Way	$852,500	$800,000	94%	57
	40380702	2317 Baker Way	$699,000	$730,000	104%	42
	Totals		$2,151,400	$2,130,000	99%	36
RESIDENTIAL-Feb 09	40367372	3552 SANDALFORD WAY	$844,900	$745,000	88%	96
	40368749	569 Byer Ct.	$848,900	$757,627	89%	117
	40377139	3751 VINDARA LN	$715,000	$721,000	101%	77
	40382426	500 ANDREAS CT	$854,900	$808,900	95%	44
	40385294	3960 KNIGHTSBRIDGE WAY	$855,000	$882,500	103%	27
	40385883	3538 ALDWYCH WAY	$729,000	$699,000	96%	43
	40386634	3291 GLENCOE CIR	$857,500	$830,000	97%	31
	40389774	2318 Millenium Ln	$599,950	$610,000	102%	8
	Totals		$6,305,150	$6,054,027	96%	55
RESIDENTIAL-March 09	40371959	2515 MCLAREN LN	$648,000	$684,434	106%	62
	40378115	3068 HASTINGS WAY	$899,000	$880,000	98%	79
	40386899	520 QUIMBY CT	$793,000	$750,000	95%	29
	40389768	2141 N DONOVAN WAY	$589,000	$575,000	98%	17
	40392055	2120 N DONOVAN WAY	$609,000	$587,000	96%	20
	40392160	7056 Emerson Lane	$1,195,900	$1,070,000	89%	32
	40392187	2872 VERNON WAY	$799,000	$773,000	97%	23
	40393542	1436 ALLANMERE DR	$779,000	$760,000	98%	5
	40397135	2367 BAKER WAY	$699,500	$711,116	102%	3
	Totals		$7,011,400	$6,790,550	98%	30
RESIDENTIAL- April 09	40377057	615 Kyler Court	$980,000	$930,000	95%	123
	40379477	6876 ABERDALE CIRCLE	$687,500	$632,000	92%	98
	40389039	709 CLIFTON CT	$664,900	$722,000	109%	6
	40389704	848 BANDOL WAY	$929,000	$825,000	89%	58
	40390821	2239 S DONOVAN WAY	$600,000	$585,000	98%	37
	40391152	2358 BAKER WAY	$859,000	$797,000	93%	50
	40392139	5226 PEMBROKE WAY	$921,900	$855,000	93%	43
	40393000	238 PAIGE CT	$989,000	$950,000	96%	28
	40396482	7812 Kennard Lane	$1,013,700	$925,000	91%	46
	40396485	6183 Kearny Way	$921,650	$858,650	93%	46
	40396628	6865 Aberdale Circle	$639,950	$620,000	97%	9
	40397482	7070 Emerson Lane	$1,050,000	$1,023,000	97%	12
	40398297	2330 JASPER HILL DR	$715,000	$718,000	100%	7
	40399453	5052 HOLBORN WAY	$949,000	$949,000	100%	3
	40401370	5508 LONDON WAY	$889,000	$880,000	99%	5
	40401868	501 Wells Ct.	$935,000	$925,500	99%	4
	Totals		$13,744,600	$13,195,150	96%	36
RESIDENTIAL- May 09	40377042	5831 Kyler Lane	$960,000	$925,000	96%	103
	40378753	7038 Emerson Lane	$1,099,900	$1,050,000	95%	2
	40380880	600 Dromana ct	$898,000	$750,000	84%	162
	40383667	1343 KELLYBROOK WAY	$799,000	$720,000	90%	136
	40383790	3095 HASTINGS WAY	$960,000	$820,000	85%	63
	40390462	2580 TAMWORTH LN	$879,000	$830,000	94%	16
	40391904	1251 Halifax Way	$789,900	$670,000	85%	50
	40391912	1257 Halifax Way	$729,900	$580,000	79%	48
	40394968	553 MONTROSE CT	$689,000	$680,000	99%	15
	40399433	1525 CRAIGLEE WAY	$669,000	$625,000	93%	37
	40399475	3590 YORK LN	$949,900	$850,000	89%	45
	40401117	733 BOWEN CT	$843,900	$801,705	95%	6
	40402086	2500 MCLAREN LN	$639,900	$633,500	99%	10
	40405068	1740 BLAKESLEY DR	$695,000	$690,000	99%	15
	Totals		$11,602,400	$10,625,205	92%	50
RESIDENTIAL- June 09	40344386	1249 ANDREAS WAY	$885,000	$743,000	84%	335
	40390733	7087 Emerson Lane	$1,079,990	$1,059,000	98%	63
	40390963	7071 Emerson Lane	$1,099,990	$1,094,395	99%	30
	40395423	1772 BLAKESLEY DR	$714,900	$686,000	96%	66
	40398514	3706 Stonehenge Way	$949,000	$1,050,000	111%	47
	40401875	5600 Wells Lane	$975,400	$975,400	100%	7
	40408985	2378 KEATS LN	$874,900	$880,000	101%	4
	40409736	2177 N DONOVAN WAY	$629,000	$635,000	101%	3
	40412920	2420 MILFORD DR	$2,600	$2,600	100%	1
	Totals		$7,210,780	$7,125,395	99%	62

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Resources for San Ramon, Danville, Dublin, Livermore:
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San Ramon Pending Sales report

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 14 May 2009 01:28:40 -0500

Current activity in San Ramon is picking up tremendously. Supply is low and demand is high due to pries having come down and more buyers in the market.Here is a snapshot of the activity:

	Total inventory	Detached	Townhomes	Condos	Short sales	Bank owned	% short sales	% Bank owned
# Active	264	188	42	33	84	19	32%	7%
# Pending	241	165	25	49	105	35	43.50%	14.50%

If you are thinking of selling your home, whether you are under water on the value of your home or not, this is the best time to look for a buyer.Just in the months of April and May, 172 properties have gone pending and only 109 properties were listed. The supply and demand squeeze has narrowed and we have moved from a Buyers market index of 16 to a Buyer market index of 20.
Weekly Market Trend Reports for San Ramon
Real-Time Housing Market Reports for San Ramon,Danville...
Year to Year HomeTrends Analysis from January 2007 to Dec 2008

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Resources for San Ramon, Danville, Dublin, Livermore:
City of San Ramon Relocation Guide
City of Danville Relocation Guide
City of Dublin Relocation Guide
City of Livermore Relocation Guide
Local Area Links | Local Schools Info | Tri Valley City Links | Housing Opportunities | Child Care | Senior Services | Health and Medical Services

Diversity, Feng Shui and Vaastu

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 30 Apr 2009 15:52:09 -0500

Dealing with buyers and sellers of diversity, it becomes a great learning ground for me on the orientation of the house. If a South Asian buyer does not want a South Facing home, then the Oriental buyer looks for the same ! Builders had no clue when they started construction, but very soon our buyers made them smart n these aspects and now the desirable lots have a premium ! So I thought, let me put together some interesting facts that I found.

5 Feng Shui Concepts to Help a Home Sell

To put the best face on a listing and appeal to buyers who follow feng shui principles, keep these tips in mind.

1. Pay special attention to the front door, which is considered the "mouth of chi" (chi is the "life force" of all things) and one of the most powerful aspects of the entire property. Abundance, blessings, opportunities, and good fortune enter through the front door. It's also the first impression buyers have of how well the sellers have taken care of the rest of the property. Make sure the area around the front door is swept clean, free of cobwebs and clutter. Make sure all lighting is straight and properly hung. Better yet, light the path leading up to the front door to create an inviting atmosphere.

2. Chi energy can be flushed away wherever there are drains in the home. To keep the good forces of a home in, always keep the toilet seats down and close the doors to bathrooms.

3. The master bed should be in a place of honor, power, and protection, which is farthest from and facing toward the entryway of the room. It's even better if you can place the bed diagonally in the farthest corner. Paint the room in colors that promote serenity, relaxation, and romance, such as soft tones of green, blue, and lavender.

4. The dining room symbolizes the energy and power of family togetherness. Make sure the table is clear and uncluttered during showings. Use an attractive tablecloth to enhance the look of the table while also softening sharp corners.

5. The windows are considered to be the eyes of the home. Getting the windows professionally cleaned will make the home sparkle and ensure that the view will be optimally displayed.

Source: Sell Your Home Faster With Feng Shui by Holly Ziegler (Dragon Chi Publications, 2001)

VASTU TIPS FOR REAL ESTATE PURCHASE
According to vaastu consultants, before you buy a plot /building check:
Yellow colour soil is good for business class.
Rocky, non cultivable land is not good.
Plots/buildings sold by rich people for reasons other then misfortune & poverty is good. Sale by distressed, unfortunate people should be avoided.
Rectangular plot with long north to south is better then long east to west.
Wider front gate & narrow end is not good. Narrow front with wide back is good.
A small sized plot between two bigger plots is not good.
Reject any site with well towards North or East.
If your plot is not rectangular see that at least South East and South West Corners have a 90 degrees angle.
Except in North East, if your land is elongated towards any other side it is not good.
Never buy a plot which is cut on the North East corner.
If North East corner of the plot is extended it is very good.
The plots should not be in the neighbourhood of any religious place, public places, like marriage halls, hospitals, courts, factories and burial or cremation grounds.
The South or West of the plot must be higher than North and East. If it is not, you should be able to make it so by filling and putting more earth on the same. If it is not possible you should not buy the plot.
If you are making an underground tank for water storage in your house, locate it in the North Eastern corner of your house. Muncipal water supply should also start from North East direction of the house.
Sourthern side road is not considered to be very good.
Northern side road is good.
A road on the Western side is reasonable.
Roads surrounding plots :-
A square plot surrounded by roads on all four sides is excellent. Buy it even at a higher cost.
If a road ends in your house from the North Eastern corner it is considered very good.
Roads on South is not good (can be good in some cases).
Road on North or east is good. Roads in East and North is good.
Road on West is ok, Roads in north and west is ok.
Land surrounded by roads on 3 sides.
Roads on East, West & North - not good, also roads on North, West & South is not good.
A road ending in the house is very bad. Never buy a plot in which road comes like a dagger provided it is not coming from North East directorion.
There should not be anything blocking your main gate (like electric and telephone pole or a tree or some other pillar), it is very bad.
A stream of filthy water in front of your house, factory or office is a clear loss of wealth. Even stationary dirty water is bad.
Do not use any material from an old building in a new building.
Circular, oval, triangular plots are not good.
Gate of the plot on the North, North East or the East is very good.

   Did your jaw just drop open? Sure ladies and gentleman, I deal with this EVERYDAY !! SO I wanted you to have fun !!!!!!!!!!!!!
I am not only an expert in Real Estate Sales, I can also find you homes based on your personal horoscopes, and don't laugh because this is serious.

Please contact Rama Mehra for all of your Real Estate needs for San Ramon, Danville, Pleasanton and Dublin.
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Are you a Wachovia loan holder?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Fri, 10 Apr 2009 01:20:58 -0500

Yes, I love blogging but only when I have a point to make or with something substantial and I am excited today.

If your mortgage holder is Wachovia or their affiliates and you are in a hardship sitation, you have a solution now and do not ignore it.

Just got out of a meeting with Wachovia an hour ago and they amazed me at their willingness to negotiate a Short Sale.If you need to short sell your home, please do not wait another minute.If you have been served a Notice of Default or are very close to foreclosure, you can still be helped.

If you fall under the category of a Hardship, I am confident( and have been given the assurance by Wachovia) I can:

Directly negotiate a Short Pay transaction.
Arrange for a personal consultation between you and the Short Sale Manager.
Get you an SPO demand with "minimum net" within 48 hours of receipt of appraisal and BPO
Local Short Sale Manager is the point of contact for the duration of the transaction... No Black Hole!
Negotiate and Complete the Sale of your property.

I am convinced that Wachovia is 100% on board with trying to help their customers and I want to help too. There were some other very exciting things that I learnt today and will be sharing them with all the readers soon.But if you or a friend you know who is in a hardship/ have a loan with Wachovia and want to short sell, do not wait. Pass on the message and we will leave no stone unturned to get it done!!

Can someone Stop these Listing agents?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 25 Mar 2009 18:32:07 -0500

I eat crow and willingly..I am officially eating back a big chunk of my pride and also my knowledge has been thrown into a twisted mangled knot.My last blog said that prices had stabilised but it looks like the market is totally at the hands of unscrupulous agents who keep dropping prices everytime their listing hits the market!

No one cares..Sellers on Short sales have moved out and don't care what the bank gets for their house. The listing agents give arguments till they turn blue in the face, but in my opinion it is all about their bottomline.They are destroying the values of the neighborhood and what is it going to take to stop them from dropping values?? Till the value becomes Zero?? Oh and BTW- 98% of the listing agents don't even live in the area, so why would they care?

Banks are run by morons...or super intelligent people. I am surprised how:
The banks are even accepting the listing agents pricing their portfolio at ridiculous prices
The banks are approving these sales!
Why don't these banks care what they get in lieu of their note?

An Appeal.. is anyone listening to me? I am a resident of Windemere and a Real Estate Professional. This is my plea to agents who DO NOT live in this area and who are listing homes here- please explain to me the logic of your pricing, stop dropping prices for no valid reason and stop destroying our neighborhood.
This seems like a downward spiral price war between the few listing agents, as to who races this area into the ground first !! Don't give me the reason that higher prices don't sell because honestly, you don't care. If you stopped pricing your next listing 50K below the last sold, then prices would stay calm.You are taking this to a whole new level of insanity and I am just surprised people still hire you to sell their homes when it is very clear that it does not bother you one bit where the prices go.

Great news for buyers...I am sure buyers will get great deals and I wish them well and maybe even some of my buyers will write up offers. Trust me, my heart sinks everytime I write the low offers because my house price sinks with it too and yet I have to do my due diligence to my clients.

We are in the price undercutting war and someone has to think about people living in the community who are not selling now but with every listing that comes on the market, their property value sinks to a new low.

People know me...

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Tue, 17 Mar 2009 01:13:03 -0500

It was a good day when I felt like a true rockstar ! Walked into a builder's sales office with a buyer and another buyer signing contracts looked at me and said-"You are Rama? We read your blog all the time and really like all the great info you put out"....... yes yes, I felt GREAT.And I thought to myself- then how come you are signing contracts without me??!!

I am definitely not the best journalist in town, knowing the nuances of writing but I am passionate about what I do for a living.Today I can say I am proud that my discussions about Windemere are being noticed and read seriously.The hardest part is to find relevant things to write about and I do the best to address concerns of buyers and sellers.

Finding the inside track on homes for sale is a sleuth's job in its basic form.A realtor should know their market like the back of hand and over the years I realised that Jack of All Trades and Master of None was so true.Hence the laser focus on the community where I live and do 90% of my business.So, with no shame today, for the first time ever in my life, I gloat over the fact that I am really good at what I do !

On the same note, I am also super excited about the fact that the market is heating up. In the last few days, activity is up tremendously and buyers are out in full swing. Some may say it is seasonal acitivity, I say that buyers are realising we either in the bottm or very close to it.San Ramon, as of today, has 356 active homes; 149 are pending;165 homes have sold since Dec 1, 2008.In Windemere, there are 53 resale homes in the market; 43 pending;39 homes sold since Dec 1st, 2008.

Clear indications of a stable market.I can tell you for a fact that there are multiple offers going on right now and I am seeing a slight drag upwards.What the means for sellers is that if you are willing to acknowledge the advice of your Realtor and price your home aggressively, it will fetch multiple offers. For a buyer it means, time has flown by for you to make ridiculous offers( to test the market) and get serious. There is a point to which you can bargain and after that you either take it or move on.And those who keep waiting for the market to go down further, scroll up and look at the statistics that I have just posted- I guarantee you, you will miss the opportunity.

So cheers to my great day today and hopefully I will keep up my presence on AR !

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Windemere is holding stable

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Tue, 03 Mar 2009 18:32:27 -0600

Over the last 2 weeks or so, Windemere is seeing some slowdown in inventory and there is an increase in sales activity. New home sales have seen a reversal of circumstances with existing home sale prices coming down lower than they were 4 months ago.

Current Windemere activity is indicating that short sales are the name of the game. There are only 16 resale homes that are not short or REO's; 15 brand new construction are listed for sale; 3 active REO's; and 18 Short sales ! In the pending market, 19 short sales are currently pending; 10 regular resales; 6 pending REO's; and 5 brand new homes are pending.

Market snapshot of Pendings in Windemere

Status	LP	DOMLS	Address	Comments
PEND	$935,000.00	103	5831 Kyler Lane	Brand New Home
PEND	$950,000.00	123	615 Kyler Court	Brand New Home
PEND	$1,079,990.00	14	7087 Emerson Lane	Brand New Home
PEND	$1,099,900.00	2	7038 Emerson Lane	Brand New Home
PEND	$1,099,990.00	30	7071 Emerson Lane	Brand New Home
PEND	$585,000.00	17	2120 N DONOVAN WAY	Regular sale
PEND	$624,900.00	98	6876 ABERDALE CIRCLE	Regular sale
PEND	$699,000.00	43	3538 ALDWYCH WAY	Regular sale
PEND	$699,500.00	3	2367 BAKER WAY	Regular sale
PEND	$719,000.00	16	1733 BLAKESLEY DR	Regular sale
PEND	$793,000.00	29	520 QUIMBY CT	Regular sale
PEND	$799,000.00	8	2872 VERNON WAY	Regular sale
PEND	$849,000.00	38	848 BANDOL WAY	Regular sale
PSB	$639,950.00	6	6865 Aberdale Circle	Regular sale
PSB	$779,000.00	74	1436 ALLANMERE DR	Regular sale
PEND	$394,900.00	45	715 Joree Lane	REO
PEND	$479,900.00	4	2548 ROCKHAMPTON RD	REO
PEND	$589,000.00	93	2141 N DONOVAN WAY	REO
PEND	$600,000.00	28	2239 S DONOVAN WAY	REO
PEND	$664,900.00	4	709 CLIFTON CT	REO
PEND	$689,000.00	15	553 MONTROSE CT	REO
PEND	$495,000.00	99	911 Joree Lane	Short sale
PEND	$700,000.00	49	1562 Banbury Drive	Short sale
PEND	$820,000.00	77	2012 Mornington Lane	Short sale
PEND	$849,000.00	8	849 PIPERS BROOK CT	Short sale
PEND	$899,000.00	77	3068 HASTINGS WAY	Short sale
PSLA	$479,000.00	3	312 JOREE LN	Short sale
PSLA	$479,000.00	27	2628 ASHWELL LN	Short sale
PSLA	$648,000.00	57	2515 MCLAREN LN	Short sale
PSLA	$699,000.00	19	800 MORNINGTON CT	Short sale
PSLA	$749,000.00	4	2838 VERNON WAY	Short sale
PSLA	$749,000.00	239	817 Mornington Court	Short sale
PSLA	$750,000.00	2	3915 VERITAS WAY	Short sale
PSLA	$759,000.00	26	1468 Allanmere Drive	Short sale
PSLA	$769,000.00	25	3009 Silva Wy	Short sale
PSLA	$799,000.00	210	638 KARINA CT	Short sale
PSLA	$850,000.00	1	2320 KEATS LN	Short sale
PSLA	$877,000.00	8	2500 CRANEFORD WAY	Short sale
PSLA	$885,000.00	26	1249 ANDREAS WAY	Short sale
PSLA	$950,000.00	469	2672 WATERVALE WAY	Short sale

Market Snapshot of Active listings in Windemere

Status	LP	DOMLS	Address	Comments
ACTV	$729,900.00	34	1257 Halifax Way	Brand New Home
NEW	$747,900.00	4	3088 Paddington Way	Brand New Home
NEW	$777,900.00	4	3080 Paddington Way	Brand New Home
ACTV	$789,900.00	34	1251 Halifax Way	Brand New Home
NEW	$793,900.00	4	3096 Paddington Way	Brand New Home
ACTV	$816,250.00	10	712 Derry Ct.	Brand New Home
ACTV	$833,950.00	10	713 Derry Court	Brand New Home
ACTV	$921,650.00	9	6183 Kearny Way	Brand New Home
ACTV	$930,450.00	9	7801 Kennard Lane	Brand New Home
ACTV	$935,000.00	70	501 Wells Ct.	Brand New Home
ACTV	$1,013,700.00	9	7812 Kennard Lane	Brand New Home
ACTV	$1,024,100.00	10	7807 Kennard Lane	Brand New Home
NEW	$1,039,000.00	4	2608 PAIGE WAY	Brand New Home
NEW	$1,050,000.00	3	7070 Emerson Lane	Brand New Home
ACTV	$1,070,900.00	33	7056 Emerson Lane	Brand New Home
PCH	$419,000.00	82	315 Joree	Regular sale
ACTV	$475,000.00	58	2149 Watermill Road	Regular sale
ACTV	$599,000.00	33	6338 BYRON LN	Regular sale
ACTV	$714,900.00	16	1772 BLAKESLEY DR	Regular sale
PCH	$748,000.00	89	1343 KELLYBROOK WAY	Regular sale
ACTV	$759,900.00	19	3731 VINDARA LN	Regular sale
ACTV	$799,950.00	326	2330 Jasper Hill Drive	Regular sale
ACTV	$859,000.00	166	2358 BAKER WAY	Regular sale
ACTV	$869,000.00	26	601 Dromana Ct	Regular sale
ACTV	$939,688.00	458	2380 BAKER WAY	Regular sale
ACTV	$964,900.00	28	238 PAIGE CT	Regular sale
ACTV	$998,000.00	40	2326 Keats Ln	Regular sale
ACTV	$999,000.00	56	2680 Paige Way	Regular sale
ACTV	$999,500.00	33	109 DURLINGTON CT	Regular sale
ACTV	$1,150,000.00	46	342 STANFORTH CT	Regular sale
ACTV	$549,900.00	207	181 LANDSDOWNE LOOP	Relo sale
ACTV	$485,000.00	215	2500 Rockhampton Road	REO
NEW	$504,900.00	3	6328 BYRON LN	REO
ACTV	$907,900.00	33	5226 PEMBROKE WAY	REO
ACTV	$479,000.00	40	1311 Nancy Lane	Short sale
ACTV	$549,000.00	88	6198 YARDLEY LN	Short sale
ACTV	$714,000.00	7	1792 BLAKESLEY DR	Short sale
ACTV	$749,000.00	33	508 Andreas Court	Short sale
ACTV	$759,999.00	96	1112 Bellingham Square	Short sale
ACTV	$770,000.00	70	1619 ANGSLEY LN	Short sale
ACTV	$799,000.00	175	3351 MIDDLEBROOKE WAY	Short sale
ACTV	$800,000.00	9	305 LANGTON CT	Short sale
ACTV	$850,000.00	30	7251 Balmoral Way	Short sale
ACTV	$852,000.00	201	600 Dromana ct	Short sale
ACTV	$871,000.00	88	3095 HASTINGS WAY	Short sale
ACTV	$875,000.00	19	3658 STONEHENGE WAY	Short sale
ACTV	$875,000.00	273	2592 TAMWORTH LN	Short sale
ACTV	$879,000.00	45	3059 HASTINGS WAY	Short sale
ACTV	$879,000.00	44	2580 TAMWORTH LN	Short sale
ACTV	$950,000.00	15	876 BANDOL WAY	Short sale
PCH	$974,900.00	119	506 CASELLA CT	Short sale
ACTV	$1,049,999.00	13	151 AVALON CT	Short sale

Windemere vs. Gale Ranch, want to choose?

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Fri, 20 Feb 2009 18:02:26 -0600

For people looking to buy newer homes in Gale Ranch or Windemere, it is important to get an analysis between the two communities and then base your decision on your housing needs or price range.The latest statistics from January 2009 upto today show the following information( as gathered from the Multiple Listing Service and does not include New Home Sales)

Gale Ranch:
Active listings- 19; 1 townhouse and 18 detached homes.
Price range from $514,999.00 to $1,450,000.00
Square footage ranging from 1488 to 3850 sq ft
11 homes are 3 bedrooms/2.5 baths( except for one home which has 4 bathrooms)
5 homes have 4 bedrooms/3 to 4 bathrooms
3 homes have 5 bedrooms/3-4 bathrooms
1 home has 6 bedrooms/4.5 bathrooms
Average List Price in Gale Ranch is $ 828,530 with an Average sq ft cost of $307 based on an Average home being 2700 sqt ft
Average HOA on townhouses and detached homes is $1400/ year
Annual taxes( based on 1.25% and based on average sale price) is $10,356

Pending listings- 10; 1 townhouse and 9 detached homes. Pending price ranges are between $ 510,000 to $ $1,100,000
Sold Listings- 6; 1 townhouse and 5 detached homes. Sold prices ranging between $550,000 to $870,000

Windemere:
Active Listings- 46; 1 Condo, 7 townhouses and 38 detached homes
Price Range from $429,000.00 to $1,195,900.00
Square Footage ranging from 1211 to 4645 sq ft
1 condo is 2 bedroom/2 baths
5 homes with 3 bedrooms/2-3 bathrooms
20 homes with 4 bedrooms/ 2.5 to 4 bathrooms
16 homes with 5 bedrooms/3.5 to 4 bathrooms
4 homes with 6 bedrooms/4.5 to 5 bathrooms
Average List Price in Windemere is $ 882,584.00 with an Average $266 per sq ft based on average of 3320 sq ft home.
Average HOA only in condos and townhouses is $2200/year. No HOA on detached homes
Annual Taxes( based on 1.7% and based on average sale price) is $15,000

Pending listings- 39; 4 townhouses, 1 condo and 35 detached homes. Pending price ranges between $394,900.00 to $1,099,900.00
Sold Listings- 6; 1 townhouse and 5 detached homes. Sold price ranges between $575,000.00 to $800,000.00

More market analysis are available at the Market Reports Center on my website.

President's new Housing stimulus plan

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 18 Feb 2009 12:37:57 -0600

Just done watching the President's address in Arizona about the Housing plan. 275 Billion dollars in funds will be available very quickly, possibly in the next 2 weeks. Homeowners will be able to refinance their homes into lower interest rates that will make the mortgage payments down to 31% of their income.

I must say, I am a bit disappointed. There should have been provisions for principle home owners to be able to write off some of the current values of their homes.I know some will slam me on this, knowing that this is a huge cost to tax payers( me being one of them) but if we are going to bail out every possible industry, then there should have been something for people who continue to make payments on their homes, despite the fact that they are under water on the value of their homes.

Dishonesty has once again gotten away with its warped ways and it would have been nice to see the government ask for more from the banks who have been bailed out. My question is that the program seems vague in the sense that lenders who have received or need TARP money, will work with borrowers to refinance their homes into lower interest rates.What is these darned banks decide to do something else?? Why is it being left in the hands of irresponsible banks to make the decision that which homeowner bought outside their means?? Come on, give me a break !! It should be made mandatory for all banks to assist all their borrowers, whether in trouble or not, to modify their loans.

Stemming foreclosures- I don't think this program will achieve it. People who simply cannot afford to keep their homes due to:
Loss of huge amounts on the values of their homes.
Loss of jobs and income
How will reduced interest rates help those who have lost income and cannot keep up with the payments? Predatory lending practises that led to the neg am loans with home owners now facing a higher loan amount- is the housing bill addressing this issue? They should have stipulated in this restructuring to write down the accrued interest to bring the loan amount to the original amount borrowed and reduce the interest rate to make it more affordable to keep these people in their homes !

If people cannot make grocery bills are they going to be able to pay refinance costs?? Are the banks going to forego that cost or is the government going to bear the cost? I am a homeowner who wanted more help from the government.The banks are being offered help on a silver platter using our money, but the government could not use our taxpayer money to help us ease our pain?? I just do not get it.Is responsibilty being punished once again?

I am done with these banks

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 12 Feb 2009 00:38:47 -0600

Just like the millions of other angry taxpayers in this country,I too am livid that my money is being hoarded by the huge banks in this country. I may be relatively new to the country but the conspiracy theory churning in my brain says that these banks could not screw people over without having influential politicians in their pockets.

Doing business is becoming increasingly difficult due to the lack of financing available. Home prices continue to slide down further and millions of people are losing their jobs and homes while these bank CEO'sare making anywhere between 600K on the lower end to $1.5 million annually !! Common on.. give me a break. Are these people for real?? From the testimony I saw on tv today, it just appeared to be the Big Boys club who had no touch with reality.I have been talking constantly about nationalizing these banks- they are the cause of the mess we are in.

Greed has driven them to make dirty loans to unsuspecting people unscrupulously. I am currently preparing for a short sale where the bank put this person in a Neg Am loan- I asked the seller if he knew the details of how his loan was structured and he said the bank said he wold have to make only $2000 a month !! He was shocked to hear that after paying 24K a year,he still has a deferred interest of 42K !!!!! Now I know who is paying for those whopping salaries.

President Obama- if your staff is reading online and I am hoping against all hope that someone will open his eyes to the true extent of the carnage caused by the big banks and Wall street. Please, we elected you to clean up the crap left behind for you and you need to act NOW.

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San Ramon Market Report

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Wed, 11 Feb 2009 16:25:44 -0600

Windemere has plenty of good deals

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 05 Feb 2009 01:15:44 -0600

Some buyers may think the market is on a downward slide and yes, many areas are still seeing that downward spiral. But if you have been waiting for the houses to come down in Windemere, this is an amazing time to get into a home you can live in for many years to come.

Here is a list of my hand picked great prices for homes:
2149 Watermill Road priced at $ 475,000.It is not a bank owned or short sale.Priced only at $234/sq ft
1311 Nancy Lane priced at $ 479,000. It is a short sale but currently it is higher priced than the Watermill property.
181 Landsdowne Loop priced at $549,000.Regular sale, has been sitting on the market for almost 6 months
2239 S Donovan way priced at $600,000. This is a bank owned home on the market for 16 days
1733 Blakesley priced at $729,000. Not a bank owned or short sale
1133 Langton Drive priced at $739,888. Regular sale, very nice floor plan, nicely kept home
2838 Vernon is priced at $749,000. This is a short sale
3351 Middlebrook is priced at $759,000. This is a short sale and one of the best priced homes in the area
1112 Bellingham Square priced at $759,999. Fully approved short sale. Great park location, house needs a little bit of clean up work
1619 Angsley lane priced at $770,000. Short sale at a great price.
More Windemere Homes....

There are some exceptional prices at the new homes too although it seems to me that the resale homes are priced far more competitively as compared to the new homes.Mainly because the major percentage of the resale homes are short sales but those too are selling. In new homes, you can possibly get a 2200 sq ft detached home for under upper 600's. This is a huge reduction in price as the builder is motivated to sell. The bigger homes are actually the cheapest per sq ft value and if one can afford, and/or looking to move up- this is the best time to buy a larger home. The long term appreciation in this area is anticipated to be good due to the demographic and school factors.Inventory is shrinking considerably and by summer, prices should stabilise.

Short sales in Windemere are selling..

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Tue, 27 Jan 2009 17:08:07 -0600

I was in conversation with a troubled homeowner, who very categorically told me that it was better for people to foreclose than try to short sell their home. Apparently, an article in the San Francisco chronicle, written in Nov last year made this person assume that a foreclosure was a quicker and less painful route as opposed to a short sale.

Sellers are confused on the direction they should take and there are many predatory businesses still functioning who will tap into a sellers pain. Shame on these people, because they portray to be trying to help home owners but they are actually exploiting the seller's plight, to make financial gains for themselves.

The most important thing before considering a short sale or foreclosure, sellers need to talk to their attorneys. Anyone in that situation should first take legal counsel before making a decision.As a Realtor, I can guide a seller through the steps of the short sale process, but your attorney or CPA wil tell you if you will have any tax implications.

Short sales maybe perceived as painful experiences, and sometimes undoubtedly they are- yet they sell.Here are some stats of sold short pay transfers, REO's and regular resales for the month of Dec 2008:

Original Price	LP	SP	SqFt	YrBlt	Lot SqFt	List $/SqFt	Sale $/SqFt	Address	Dist/Neighborhood/Subdiv
$739,000.00	$714,900.00	$693,000.00	2405	2003	3903	297	288	2919 LANGHORNE DR	WINDEMERE
$950,000.00	$799,000.00	$725,000.00	2953	2005	5746	271	246	2830 VERNON WAY	WINDEMERE

In December 2008, the Sold REO' were:

Original Price	LP	SP	List $/SqFt	Sale $/SqFt	BT	SqFt	Lot SqFt	Address	Dist/Neighborhood/Subdiv
$469,000.00	$469,000.00	$483,000.00	292	301	TH	1605	0	1413 ARIANNA LN	WINDEMERE
$614,900.00	$589,900.00	$589,900.00	358	358	DE	1646	2986	2259 S DONOVAN WAY	WINDEMERE
$744,900.00	$709,900.00	$690,000.00	318	309	DE	2232	5049	1512 BANBURY DR	WINDEMERE
$475,000.00	$475,000.00	$511,000.00	202	218	TH	2346	0	2237 WATERMILL RD	WINDEMERE
$707,900.00	$696,900.00	$707,900.00	286	291	DE	2434	4525	1858 WYCLIFFE LN	WINDEMERE
$724,900.00	$700,001.00	$701,000.00	270	270	DE	2597	4993	2570 HARLOW LN	WINDEMERE
$740,000.00	$740,000.00	$740,000.00	273	273	DE	2715	5206	2633 MELBOURNE WAY	WINDEMERE
$899,900.00	$899,900.00	$846,500.00	259	243	DE	3479	7630	3050 HASTINGS WAY	WINDEMERE

In December 2008, regular sales posted in the MLS were( does not include all new home sales)

Original Price	LP	SP	List $/SqFt	Sale $/SqFt	SqFt	Lot SqFt	Address	Dist/Neighborhood/Subdiv
$614,900.00	$589,900.00	$589,900.00	358	358	1646	2986	2259 S DONOVAN WAY	WINDEMERE
$690,000.00	$690,000.00	$650,000.00	353	333	1952	4118	1219 Halifax Way	WINDEMERE
$700,000.00	$700,000.00	$651,979.00	374	348	1872	4219	1211 Halifax Way	WINDEMERE
$795,000.00	$795,000.00	$795,000.00	286	286	2779	5178	1243 ANDREAS WAY	WINDEMERE
$839,000.00	$839,000.00	$800,802.00	310	296	2703	4005	3019 Paddington Way	WINDEMERE
$960,000.00	$960,000.00	$961,386.00	256	256	3752	6000	609 Kyler Court	WINDEMERE
$980,000.00	$980,000.00	$950,000.00	246	238	3984	6600	600 Kyler Court	WINDEMERE
$1,039,000.00	$999,000.00	$950,000.00	262	249	3810	8643	3062 HASTINGS WAY	WINDEMERE
$1,050,000.00	$1,050,000.00	$1,000,618.00	264	251	3984	10009	632 Kyler Ct.	WINDEMERE

Currently active short sales are:

LP	SqFt	List $/SqFt	Address	Dist/Neighborhood/Subdiv
$479,000.00	1892	253	1311 Nancy Lane	WINDEMERE
$495,000.00	1892	262	911 Joree Lane	WINDEMERE
$558,000.00	2141	261	6378 BYRON LN	WINDEMERE
$720,000.00	2507	287	3685 Sandalford Way	WINDEMERE
$749,000.00	2715	276	2838 VERNON WAY	WINDEMERE
$765,000.00	2569	298	2566 HARLOW LN	WINDEMERE
$769,000.00	3173	242	3009 Silva Wy	WINDEMERE
$770,000.00	3223	239	1619 ANGSLEY LN	WINDEMERE
$779,000.00	2827	276	1468 Allanmere Drive	WINDEMERE
$799,000.00	3223	248	3351 MIDDLEBROOKE WAY	WINDEMERE
$799,000.00	3269	244	638 KARINA CT	WINDEMERE
$871,000.00	3716	234	3095 HASTINGS WAY	WINDEMERE
$875,000.00	3472	252	600 Dromana ct	WINDEMERE
$879,000.00	3707	237	2580 TAMWORTH LN	WINDEMERE
$879,000.00	3479	253	3059 HASTINGS WAY	WINDEMERE
$899,000.00	3474	259	3068 HASTINGS WAY	WINDEMERE
$929,000.00	3473	267	2500 CRANEFORD WAY	WINDEMERE
$949,000.00	3824	248	2592 TAMWORTH LN	WINDEMERE

Out of 40 homes currently on the resale market, 18 are short sales and 3 bank owned. There is no running away from the short sales and if you can make decent offers, you might land up getting great prices for homes on short sales. Compare them with the sold foreclosures or even regular sales, where almost all sold for full list price or over asking price.

If you are a seller in financial trouble, please take the needful steps to ensure that you can recover from this situation to resurrect your future.

Santorini in Windemere, offering amazing pricing

Rama Mehra Certified Pre Foreclosure Specialist (Keller Williams Realty) — Thu, 15 Jan 2009 20:38:26 -0600

Now is the time to buy these luxurious homes in Windemere. They have 3 lots available for sale at incredibly low prices. These prices include all of the fine features of a Santorini home PLUS pre-selected HARDWOOD FLOORS on first level and a GE 42" side-by-side, Built-in STAINLESS REFRIGERATOR! This offer is valid only to the end of January and contracts must be written by Jan 31st. Builder has knocked down the price to rock bottom and included many upgrades.Per sq ft value is the lowest in the new homes in Windemere. Call me at 925-698-1815.