menlo park short sales: Menlo Park Ca REO/Short Sale Roundup - 07/08/12 12:59 PM
In Menlo Park from Jan 1, 2012 until June 30, 2012 there were:
9 closed short sales
9 closed bank owned homes
Total sales during this time period were 227
Total % Short Sales: 4%
Total % REO Sales: 4%
Total Percentage  Menlo Park Distressed Properties: 8%
8% of all Menlo Park sales being distressed is not enough to have any effect on the overall market. This is evidenced by the appreciation and high activity level of the market.
If you have any questions about short sales or foreclosures in San Mateo Clara County please feel free to contact me.
Marcy Moyer
Keller … (1 comments)

menlo park short sales: Menlo Park Short Sale in Probate, Should I Bother? - 08/07/11 03:43 PM
The question of whether to short sell a home in probate used to be rare, but now unfortunately it is not. There are estates where the owner dies, owes more than the house is worth, and a decision needs to be made by the Personal Representative (executor) as to what to do.
My opinion, try it. If it is in the best interest of the bank/investor to short sell rather than foreclose they will do it. If it is not, they won't and will take it to foreclosure.
So who benefits if the home is sold as a short sale?  Well … (0 comments)

menlo park short sales: Menlo Park Distressed Sales 2011 Jan-June - 07/06/11 04:06 PM

  It's time again. Curious about how many distressed properties there really are in Menlo Park?  Despite what you may be reading these are the homes for sale or sold on MLS as Short Sales or Bank Owned.
Sold: 
Short Sales: Single Family Homes  8
Short Sales: Townhome or condo:  1
Bank Owned: Single Family Homes  6
Bank Owned Townhomes or Condos  0
 
Active:
Short Sales:  Single Family Homes  3
Short Sales Townhomes or condos   1
Bank Owned Single Family Homes   3
Bank Owned Townhome or Condo    0
 
Pending Sales:
Short Sales: Single family homes … (0 comments)

menlo park short sales: Menlo Park Ca Distressed Property Watch - 05/03/11 12:56 PM

Distressed Property Watch Menlo Park Ca.
 
The first quarter of 2011 has net seen a lot of activity of distressed properties in Menlo Park.  Here’s the update:
 
1.     Sold foreclosures: 4 single family home  0 condos  All are in the Belle Haven neighborhood
2.     Active and pending foreclosures: 5 All single family homes:  3 Belle Haven, 2 West of 101
 
1.     Sold short sales:  1 condo 4 Single family homes: Condo west of 101  homes, est of 101
2.     Active and pending short sales:  21   20 single family homes and 1 condo 14 are east of 101 and 7 are west
 
Total Homes sold in first quarter:  86 … (0 comments)

menlo park short sales: Why Hasn't My Offer For menlo Park Short Sale Been Submitted Yet? - 01/28/11 02:28 AM
Question: We wrote our offer over a week ago. Why hasn't the listing agent presented it yet? The offer has expired. Should we withdraw? Are they playing games and using this to get a better offer?
Answer: Good question. In our area if a seller or agent believes there are going to be multiple offers or wants to have multiple offers they will often set a date for offers and either not present any offers until that date, or keep presenting offers as they come in until that time.  In this case the short sale was listed right at market value, not … (1 comments)

menlo park short sales: Silicon Valley/Bay Area Short Sale Up Front Pricing: How It Can Help Both Buyer and Seller - 10/13/10 03:54 PM
 
 
HAFA does it, and now Bank of America is trying it. What is it?  In a short sale the seller owes more to the bank than their home is worth. In order to sell the home the bank or banks have to agree to accept less than property is worth to satisfy the loan.  The problem is that no one knows what the bank will accept until they get an offer and that offer is analyzed by the lenders.  Since this often takes many months it can often lead to foreclosure at worst, and incredible frustration at best.
  
HAFA short sales which … (0 comments)

 
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

Email Me

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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