reo: Investors.. What Are You Looking For? - 02/22/11 10:44 AM
Investors...What are you looking for in a property?  Are you seeking bulk inventory at .50 to the dollar?  And if so, where are you finding it?  I list REO Properties, and the banks seem to list at market value!  I have not seen much negotiation.  Actually, you may receive more seller negotiations if you were buying a regular  sale. 
In our local market here in Fremont, and Tri Cities, it seems Real Estate is all over the board.  I have a number of REO's that would have sold in a flash last year!  What's up?  These homes are under $400K too!  Is our market changing that … (0 comments)

reo: Getting Results From Thinking Outside the Box - 09/07/10 08:21 AM

Do you get results from thinking outside the box ?  I have been in the REO sales end of things for over a few years now. I have had the priveldege of working with some great teams, great banks, and some no so good investors!  That is all well and good, because one bad apple lead me to a tree full fruit!
I am now working with a direct contact who has product across the US ready for investors looking to have a steady monthly income stream and help our of dying econmy.  What a novel idea to buy and hold and help families re-build … (0 comments)

reo: Banks Boggin Down the Markert In Fremont...2005 All Over Again - 02/22/10 05:09 AM
Well Happy Monday to Acitive Rain.  The banks seem to be boggin down the Fremont Real Estate once again.  We continue to hear about "Shadow Lisitngs".  We continue to hear in the news that more inventory is to come down the pipe to help stimulate our economy.  We are waiting on the ledge, holding our breath...ready to take a leap of faith as we talk to our buyers who seem to be stacking up!
I spent all weekend showing the limted number of homes on the market to my qualified buyers.  "Where is the inventory they ask?"  The news keeps leading us … (0 comments)

reo: Great REO Fixer in Irvington Area of Fremont, CA - 01/02/10 06:08 AM
A great opportunity to purchase a home in the Irvington District of Fremont, CA that needs your TLC and special touches. A rare opportunity to buy a large home under $500K in this area.  Home has 6 bedrooms and 2 baths.  The yard is spacious and ready for your green thumb.  Three bedrooms upstairs and three downstairs, this home will be a perfect match for new home owner.  Take advantage of the market and jump in to buy!  
The Irvington Area of Fremont has local shopping and lends itself to close commute areas.  Call for an Appt.  Great price at $475,200.00  Lowest price in the area.  Call for details. 
… (0 comments)

reo: My Client Will Stick With Me..My Client Will Leave Me..My Client Will Stick With Me...In Fremont, CA - 11/17/09 01:53 PM

My Client Will Stick With Me..My Client Will Leave Me..My Client Will Stick With Me...
Is this market changing the Loyalty of our clients?
I had a serious conversation with a buyers agent working so hard in the industry today just to make a sale and help her clients be successful.  As an REO Agent in the Bayeast area, Fremont, Hayward, Dublin, Newark and surrounding areas, I feel the pain of the buyers agents today.  We are showing homes, working 7 days a week, and hoping that the buyers don't walk. 
Buyers, appreciate your agents.  They are working on your behalf.  It is challenging to … (5 comments)

reo: Attention All Sellers In Fremont. Hayward...Jump Off The Fence.. - 11/16/09 05:52 AM
Good Day Fremont Townhome/Condo Sellers:
 It has recently dawned on me, after a struggling weekend with trying to show inventory to buyers, or the lack there of.  If you have been following the market in your Hayward, Union City, Fremont areas, in hopes of some positive triggers to motivate you to sale your home and upgrade, relocate or gain extra dollars, you had better jump in!
After attempting to help a number of buyers under the price range of $300K this past weekend, I am extremely saddend by the quality of homes being sold by the banks.  Sellers, you have a Golden Opportunity … (0 comments)

reo: Sellers..You Have A Market Now - 11/15/09 11:55 AM
I previewed a home today, actually two.  I have a number of buyers VA and I don't know how many FHA.  Now these loan programs aren't bad, they just have a few requirements.  It appears that the limited inventory is taking it's toll on the buyers!  I called on two listings today that were in decent condition, and both properties have already received 25+ offers (listed for only 3 days.)  That means two winners and 48 losing bids.  That means regular home sellers, it is time to put your home on the market and get a great price!  If you are in the Hayward area, let's get together.  A well … (4 comments)

reo: VA Loans Vs. the REO Industry..OUCH - 11/15/09 07:22 AM
Happy Sunday:
It seems I am becoming the VA Loan Expert in my local area of the Bay Area of Fremont, Hayward, San Jose and surrounding cities. First time buyers who have graciously served our country in some form, are finding value in their VA Loan options. It is a great loan and fully backed by the government so no PMI is required which can save the buyer a lot of money.  The closing costs are split between the seller and buyer.  There are certain non-allowable fees required to be  paid by the seller, so this again is a money saver for VA borrower.  It is … (3 comments)

reo: The Lack Of REO Properties Being Released Has Stunted the Market - 04/27/09 06:41 AM
Wow!  We were doing so great in 2008 with home sales.  Buyers were ready and willing with not only cash on hand, but solid financing.  I actually was beginning to see some hope in our future economy. It appeared as though sales were increasing, prices of homes were solid and life was going to be up and positive.
Things changed quickly in 2009.  We have seen a lack of new properties on the market, which is causing a entirely new problem in our home sales market place.  Yes, buyers are still ready with cash and solid financing.  No, we don't have … (3 comments)

reo: Can you believe we are in 2003 prices for REO'S? - 04/22/08 05:07 PM
 
We have come a long way....We experienced the 1999 computer upheavel as we dove into 2000.  We experienced some amazing events after the dot com crashed.  Lots of money and a pent up demand for Real Estate drove our communities in a frenzy of home sales as if we had a "Blue Lite" special blinking in our faces.  Families dream of home ownership became a reality and the world was a happy place.  Long time home owners  property values bagan soaring through the roof!  EQUITY.......  They screamed!  Buy more houses.  Sell those 100% financing loans.  We want EQUITY.... 
2005 brought a year of … (0 comments)