east palo alto short sale real estate agent: East Palo Alto Ca. Foreclosure/Short Sale Roundup
- 07/20/12 10:50 AM
In East Palo Alto from Jan 1, 2012 until June 30, 2012 there were: 36 closed short sales 20 closed bank owned homes Total sales during this time period were 96 Total % Short Sales: 37.5% Total % REO Sales: 20.8 % Total Percentage East Palo Alto Distressed Properties: 60.7% 60.7% of all East Palo Alto 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, it probably will not have a long lived effect. … (0 comments)
There is another conflict brewing between investors and first time home-buyers, and this time the home buyers may win. In the more affordable areas of the Silicon Valley distressed properties, ie short sales and reos have been popular with investors and first time buyers. Many would be owner occupiers lose out on great opportunities to investors who have all cash. Since condos are the least expensive properties, have the fewest maintenance issue, and tend to bring in more rent per dollar spent they are popular with investors. Coupled with the more restrictive lending practices on condos, many bay … (0 comments)
In East Palo Alto from Jan 1, 2012 until June 30, 2012 there were:
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