blossom valley short sale specialist: Big News For Blossom Valley Short Sales: Fannie and Freddie Changes
- 10/30/12 02:21 AM
Great news for people who need to short sell their Blossom Valley or Silicon Valley home! If you have a hardship, loss of job, divorce, change in financial circumstance from medical or family issue, etc, you can now be considered for a short sale even if you have not missed a mortgage payment. Freddie and Fannie will now have the same requirements and procedures, which was not true in the past. This is great news, especially for people who have a sudden change in their circumstances and can no longer afford their mortgages, but do not want to have their credit … (0 comments)
blossom valley short sale specialist: Watch Out For Blossom Valley Short Sales When The Seller is a Realtor
- 10/07/12 02:13 AM
I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason: The seller was a real estate broker and the listing agent works for the seller. The buyer used the listing agent to represent her. Surprise Surprise, B of A said this is not an Arm's Length Transaction and rescinded the approval.
There are multiple things wrong with transaction … (0 comments)
blossom valley short sale specialist: Sometimes a Blossom Valley Short Sale Is Not The Right Answer
- 09/12/12 08:24 AM
Yesterday I got a call from a client I will never forget. She said "I was able to modify my loan, I can keep my Blossom Valley house, and you were the only one who believed I could do this, so thank you." This made me so incredibly happy. So what happened was this client and her then husband were pregnant with their first child and ready to buy a home together. They found their dream home in Blossom Valley with my help, purchased it in 2006 with 10% down. In 2007 they had enough appreciation to take out a 2nd … (1 comments)
blossom valley short sale specialist: Blossom Valley Pending Short Sales
- 08/23/12 06:37 AM
Blossom Valley is a hot bed of short sales. It is one of the neighborhoods in the Silicon Valley that has not gone back to the values of 2007-2008. So many of the homes for sale right now are being sold as short sales since the owners have negative equity in their homes. There are currently 196 pending homes listed as short sales. There are 286 pending sales of all types. The percentage of total pending sales which are short sales is 68%. This is pretty impressive, but the big question is how did this happen? I have a few theories. … (2 comments)
blossom valley short sale specialist: Blossom Valley San Jose Ca Short Sale/Foreclosure Round Up
- 08/05/12 05:26 AM
In Blossom Valley from Jan 1, 2012 until June 30, 2012 there were: 263 closed short sales 104 closed bank owned homes Total sales during this time period were 626 Total % Short Sales: 42% Total % REO Sales: 16.6% Total Percentage Blossom Valley Distressed Properties: 58.6% 58.6% of all Blossom Valley sales being distressed is enough to still have major effect on the overall market. However, as inventory is still so low unless these homes are truly physically distressed, which is more common with bank owned homes at this level, many homes will get multiple offers and the values should increase this year. … (1 comments)
Single family and condo townhomes : Total sales: 1141 Short Sales: 412 REO: 271 Distressed sales as a percentage of total sales: 59.8% Compare to 2010 Total sales: 1125 Short Sales: 366 REO: 271 Distressed sales as a percentage of total sales: 56.6%
My conclusion: The percentage of distressed properties in Blossom Valley is a little higher in 2011 over 2010. A … (1 comments)
Great news for people who need to short sell their Blossom Valley or Silicon Valley home!
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