Silicon Valley Realtor

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Real Estate Agent - Keller Williams Silicon Valley - Cal BRE# 01358433
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ARCHIVED BLOG POSTS

2009 

Steve Mun | Keller Williams Realty | 650-605-3188 5649 Calmor #4, San Jose, CA First Time Homebuyer Special. 2BR/1BA Condo offered at $135,000 Year Built 1970 Sq Footage 798 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 2 Parking 1 Car garage Lot Size 8,040 sqft HOA/Maint $275 per month DESCRIPT...
09/23/2009
  It's that time again.  People are asking me: "how's the market doing?"  Probably due to the fact they want to see if they can take still take advantage of the $8,000 tax credit.  I always say providing data is how best to answer that question.  That way everyone can come to their own conclusion...
09/22/2009
  Article I have been of the opinion, that our next wave of problem mortgages will be the option ARMs.  Here is a situation where many homeowners took a chance at a gamble and failed; and the bill is coming due very soon with most being unable to meet their obligations.  If this is not a recipe ...
09/21/2009
We Realtors keep hearing about how the HVCC (Home Valuation Code of Conduct) is negatively impacting transactions because appraisers who are not local and do not understand local issues are being brought in and are killing otherwise, perfect deals. I was hoping I would just continue to read abou...
09/18/2009
Article Talking heads on TV complain that the US will hit over 10% unemployment by the end of this year and are concerned about the negative impact that will have on the economy, blah, blah, blah…… Yes, it is rough for everyone out there and we should all be concerned. But want to know how thing...
09/18/2009
Article Just like cash for clunkers, any Realtor will tell you that the first time homeowner credit has been wildly successful in getting fence sitters to come down and buy homes.  It’s a simple fact: the $8,000 tax credit is sufficient incentive here in California.  With nearly 12% unemployment...
09/17/2009
Article The California Foreclosure Prevention Act, signed by Gov. Schwarzenegger which established a 90 moratorium on foreclosures officially ends quietly today.  (An interesting side note is that on this seemingly important occasion, very little is written about it.  As of this morning, the onl...
09/15/2009
  Article. We've been hearing about banks shutting down HELOCs (Home Equity Line of Credit) without just cause.  But the practice seems to be not so random but purposefully calculated using more computer models rather than actual appraisals to cut off people who are otherwise, not candidates for...
09/14/2009
News Article This is fantastic news and certainly the step in the right direction, in an effort to standardize the short sale process.   One of the most difficult and time consuming aspect of a short sale is the lack of a standardized process.  Bank of America’s process is different than Wells F...
09/12/2009
  Click here for the Article.   These are the unintentioned secondary victims of foreclosures.  Can we measure the emotional scars and the opportunity costs associated with the disruption in their education?  What is the true cost to the family?  Do the lenders take those intangbles into conside...
09/05/2009