menlo park short sale: 2 Big Challenges to Menlo Park Short Sales - 12/14/11 10:56 AM
There are many obstacles and challenges to closing a Mountain View Short Sale, but there are 2 that I find the most challenging to get around.
1. A private 2nd or 3rd lender: These are often more difficult to negotiate than a bank. There are homes where the seller may have taken back a note for a second or third, or where a relative may have invested with a loan thinking that he/he was going to make money or at least not be left holding the bag for a relative,
2. A person on the loan who makes no contribution but … (0 comments)

menlo park short sale: No It Is Not Ok for One Agent To Represent More Than One Buyer in Menlo Park Short Sale - 10/17/11 02:24 PM
This is so inherently unethical I can not believe I am actually writing a blog about this, but a buyer asked me this question today and apparently it is happening. 
I have a short sale listing in Menlo Park and offers are due by the end of the day on Tues.  At thus point I have 2. It is in Belle Haven,  a popular area for investors and is close to the the new Facebook Headquarters so the appreciation prospects are good.
Today I got a call from an investor who asked if I would represent him. I told him I … (9 comments)

menlo park short sale: Menlo Park Open House This Sat / Sun 1 - 4 - 10/14/11 07:33 AM
To view this property website, click a picture or visit: Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales

menlo park short sale: Great News For Silicon Valley Short Sale Sellers - 07/17/11 09:07 AM
A few days ago short sale sellers in California got great news!  Governor Brown signed a bill which prohibits lenders and investors of junior loans to pursue a deficiency judgment on most approved short sales.  First lien holders are already prohibited from deficiency judgments, but second mortgages and HELOCS were not previously exempted. As of July 15th, they are included. So, if a bank approves your short sale, then they have to give up all rights to going after the borrower for any deficiencies. So if the second lender says they will take $6000 for an $85,000 HELEC, that is all … (0 comments)

menlo park short sale: Menlo Park Short Sales: Get Those HOA Dues Paid - 07/05/11 07:49 AM

Right now it is estimated that nationally 1 in 4 homeowners owes more on their mortgage than their home is worth. You may be be one of those homeowners.  While not everyone who owes more money than their home is worth is going to sell that home, if they do, it will have to go through the short sale process. If you decide that a short sale is the best option for your circumstances be sure and check with a lawyer and/or accountant to get the best legal and tax advice.  You may find yourself unable to make the payments … (0 comments)

menlo park short sale: Menlo Park Wells Fargo Short Sale Default vs Eminent Default - 05/13/11 10:16 AM
I frequently hear the question "Can I short sell my house if I have not stopped making payments."  The answer to this depends on your lender, the investor on the loan, and the phases of the moon.  However, at least right now, if you have a loan with Wells Fargo then at this moment in time they will look at approving a short sale if you have not stopped making your payments.  Wells Fargo has two different review processes, one for currently defaulted and one for eminent defaults.  So if you are currently making your payments, but you have circumstances which … (0 comments)

menlo park short sale: Menlo Park Short Sale Approval Today!!!!! - 04/29/11 04:30 PM
Well, it has taken a lot of months, and 4 buyers, but I finally got approval today from Chase for a short sale in the Belle Haven neighborhood of Menlo Park.  So far everyone is delighted, and hopefully we will make it through the loan and property contingencies. 
Short sales are sold "As-Is", period. Banks do not allow any credits, repairs, or other consessions for things that are wrong.  That is why I try to get inspections on all my short sale listings before they go on the market. That way there are fewer surprises at the end.
Nothing is a … (2 comments)

menlo park short sale: Bank Of America Loan for Menlo Park Short Sale Buyer: Is it Really Approved - 04/07/11 03:01 AM
I just had the strangest conversation with a B of A Lender for a Menlo Park Short Sale one of my buyer's is purchasing.  First I must say this is not the broker I normally deal with at Bank of America, but someone who came highly recommended to my buyer.  Two weeks ago this broker told me the buyer was approved and we just needed the appraisal.  Yesterday he tells me the appraisal came in fine.  So I ask the logical question, "Can my client remove his financing contingency or are there still conditions that concern you. The answer I get … (0 comments)

menlo park short sale: Belle Haven in East Menlo Park Ca is THE place to invest Right Now - 03/21/11 09:56 AM
I have to admit that in a toss up for best picture between The Social Network and The King's Speech I was neutral.  I think they were both fantastic, with great scripts and acting for both. However, when it comes to investing in real estate, "The Social; Network" wins hands down.
You are probably thinking I am a little nuts right now, but there is a method to my madness.  Facebook has purchased the east Menlo Park Sun campus.  There are going to be many many young Facebook employess looking for a place to live close by. Facebook encourages their workers … (0 comments)

menlo park short sale: What if I Want to Buy A Menlo Park House That Should Be a Short Sale But Isn't - 03/07/11 04:21 AM
While much of the Bay Area has seen a large increase in the number of homes being sold as short sales there have not been very many Menlo Park homes or Palo Alto homes that are being sold this way.  However, as long the housing market has not appreciated back to the peak levels, and there are still people who need to sell homes that are worth less than the mortgages on them, short sales will be here, and possibly in increasing numbers.  So what happens when you find a home you really want to buy but it is priced higher … (0 comments)

menlo park short sale: What is a BPO? - 01/23/11 04:02 AM
Question: My lender said that the offer of $360,000 on my house was too low because the realor hired by the bank to perform a BPO said it was worth $380,000. What is a BPO?
Answer: A BPO stands for Broker's Price Opinion. When a lender wants to know the market value of a home for that moment in time they will often hire a realtor ( or a company who hires realtors) to give them their opinion of what the current market will bear for the property in question. This is not a full appraisal but there are certain parameters that must be … (3 comments)

menlo park short sale: Relocation Expenses From a Menlo Park Short Sale - 12/30/10 04:47 AM
Relocation Expenses From a Menlo Park Short Sale
The owners of a home in Menlo Park just got a short sale approval from Aurora.  They asked me the following:  "The approval letter did not say anything about $3000 towards relocation expenses. On their web site they said we could get that money for our relocation. Do you know how we can get it?"
Here is the answer. If this were a HAFA short sale which is a short sale where the government makes the rules, the bank agrees to do certain things when they approve the short sale, including giving … (0 comments)

menlo park short sale: The Whole Neighborhood Does Not Have to Know About Your Palo Alto Short Sale - 12/23/10 03:30 AM
If you want to sell your home but it is worth less than your mortgage then you are not alone. A large percentage of homeowners are in this situation.  Fortunately, in the last year many banks have made the process of doing of short salesmore efficient and are approving short sales in record numbers.  However, many homeowners want to keep their privacy while this is happening. If you are a Palo Alto homeowner, or a homeowner in the surrounding areas like Menlo Park, Los Altos, Portola Valley, Woodside, Redwood City, or Mountain View, and do not want your neighborhood to know … (3 comments)

menlo park short sale: Menlo Park Short Sale and A Seller's 401 K - 12/15/10 07:20 AM
I have a Menlo Park short sale listing that is in escrow. Chase was the original lender and is now the servicer of the loan.  What that means is that after Chase made the loan they sold it to another investor. It could have been sold to Fannie or Freddie, Wall Street, another bank, or an individual. The important thing to remember is that this investor is The Decider.  The wonderful negotiator at Chase does not get to make the final decision, the investor does.  Now if you have a loan with Chase and have gone onto their web site to … (2 comments)

menlo park short sale: Menlo Park Ca Distressed Property Update: 12/3/10 - 12/03/10 12:13 PM

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 … (0 comments)

menlo park short sale: Menlo Park Ca Short Sale Green Home at a Great Price! - 10/22/10 11:35 AM


menlo park short sale: Menlo Park Ca Green Home Short Sale Great Price! - 10/14/10 03:14 PM

531 Sandlewood St., Menlo Park, Ca.
Welcome to this beautiful Green Home in a friendly enclave of 37 3 year old homes. It features solar panels that produce more electricity than the home uses, an on demand water heater, extensive insulation, granite counters in the kitchen and bathrooms, solid surface bathroom surrounds, wood and tile floors as well as high quality carpets, an attached two car garage, and fenced back yard. All this at a very affordable price and a short sale with an experienced short sale agent and only one loan.  Disclosures available at

Marcy Moyer, Probate, Trust, and Investment Specialist (eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales) Rainmaker large

Marcy Moyer

Probate, Trust, and Investment Specialist

Mountain View, CA

More about me…

eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales

Address: 455 West Evelyn Avenue, Ste 1101, Mountain View, Ca, 94041

Office: (650) 619-9285

Mobile: (650) 619-9285

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Up to date information on real estate in the Silicon Valley and greater San Jose/San Francisco area. Contact Me Interested in selling your home? Contact me to get a professional estimate. Marcy Moyer Call: (650) 619-9285 My Palo Alto real estate listings Visit Short Sale Superstars




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