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Menlo Park Ca Distressed Property Update: 12/3/10

 
Menlo Park, Ca. Distressed Property Update
Are you waiting for a distressed property for sale in Menlo Park so you can snatch a bargain, or are just curious about them? Well, there are a few of these types of sales, but not many. Short sales, as in other places, are more common than foreclosures. Most banks are at least giving homeowners the option to try to do a loan modification or short sale before foreclosing. These options do not always work, but they are worth a try.
Active Short Sale Listings:  8 
Pending short sale listings:  14
They break down neighborhood wise into:
west MP: 1
Central MP: 1
East of El Camino and west of 101: 5
Avenues: 2
Belle Haven: 14
 
Closed Short Sales since Jan 1, 2010:  17
West MP: 2
Central MP: 0
East of El Camino/West of 101: 1
Avenues: 3
Belle Haven: 11
 
 
Foreclosures:
Active listings:  6
Pending:   5
Breakdown by neighborhood:
West Menlo Park: 0
Central: 2
East of El Camino/West of 101: 2
Avenues: 3
Belle Haven: 3
 
Closed since 1/1/10:  19
Breakdown by neighborhood:
West Menlo Park: 0
Central:0
East of El Camino/West of 101: 2
... more

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