palo alto short sale agent: Palo Alto Distressed Property Update 2011 Jan-June - 07/05/11 07:51 AM
It's time again. Curious about how many distressed properties there really are in Palo Alto?  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  3
Short Sales: Townhome or condo:  2
Bank Owned: Single Family Homes  2
Bank Owned Townhomes or Condos  4
 
Active:
Short Sales:  Single Family Homes  1
Short Sales Townhomes or condos   1
Bank Owned Single Family Homes   0
Bank Owned Townhome or Condo    1
 
Pending Sales:
Short Sales: Single family homes  2
Short … (0 comments)

palo alto short sale agent: What is The Difference Between a Bank of America HAFA and Co-operative Short Sale? - 05/29/11 12:31 PM
Bank of America has made great strides recently in processing short sales.  For many agents they have gone from being the least favorite to the most favorite bank to work with.  They have managed to do this in part by switching to an online documentation system for short sales, called Equator, but I also think it is a corporate decision to work out an orderly way to deal with defaulting homeowners.
B of A has recently instituted a new program called the Co-operative Short sale Program.  The gist of this program is to approve a short sale before the home is … (4 comments)

palo alto short sale agent: How is a Palo Alto Short Sale Different From a Regular Sale? - 05/21/11 12:11 PM
 
How is a Palo Alto Short Sale Different From a Regular Sale
 
A short sale is not the same as a regular sale and the differences are very significant. It is not a simple process and if you are buying or selling a short sale you should be working with an agent who knows what her or she is doing.
 
In a short sale the seller owes more on the home than it is worth. The seller needs to ask the lien holders if they will accept less than the amount owed to them.  There can be one … (0 comments)

palo alto short sale agent: Distressed Property Watch Palo Alto Ca - 05/02/11 01:35 PM
The first quarter of 2011 has net seen a lot of activity of distressed properties in Palo Alto.  Here’s the update:
 
1.     Sold foreclosures: 1 single family home  4 condos
2.     Active and pending foreclosures: 0
 
1.     Sold short sales:  1 condo
2.     Active and pending short sales:  5 single family homes and 1 condo
 
Total Homes sold in first quarter:  156 (combined single family homes and condos)
 
 
 
The percentage of distressed properties in Palo Alto is still very low compared to most of the country with almost no foreclosure activity.  However, there are a … (0 comments)

palo alto short sale agent: How Does A Short Sale Work? - 01/17/11 03:03 AM
Question: I am interested in a house that is a short sale. How does that work?
Answer: That is a huge question! Here is the very simplified version of the answer:
•1.       The seller owes more money to the bank than home is worth but still needs to sell it.
•2.       The seller needs to get permission from the bank to sell the house for market value and have the bank agree to take less than what they owed.
•3.       If there is more than one loan or other liens against the house they all have to agree to accept a … (5 comments)

palo alto short sale agent: 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)

 
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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