san mateo short sale specialist: Woodside Ca Short Sale/Foreclosure Round Up
- 08/01/12 01:33 AM
In Woodside from Jan 1, 2012 until June 30, 2012 there were: 3 closed short sales 4 closed bank owned homes Total sales during this time period were 51 Total % Short Sales: 5.8% Total % REO Sales: 7.8% Total Percentage Woodside Distressed Properties: 13.6% These numbers do not tell the whole story. 3 of the 4 foreslosures and 2 of the 3 short sales were in the Skyline area which is always a harder sell than closer to town, so given that information again, there are almost no distressed property sales in Woodside. There are currently 47 active listings in Woodside, about the … (0 comments)
san mateo short sale specialist: Does The Amount A House is Underwater Matter in Menlo Park Short Sales
- 05/20/12 09:05 AM
As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale. Here is how it may make a difference. Some homeowners owe more on their homes than the home is worth, the definition of being underwater. The home is not going to sell for what it is worth, it will sell at or around market value. The bank generally understands that. The bank as representative for the investor on the loan wants to lose as little money as possible, but knows there is going … (0 comments)
Single family and condo townhomes : Total sales: 887 Short Sales: 130 REO: 111 Distressed sales as a percentage of total sales: 27.17% Compare to 2010 Total sales: 859 Short Sales: 103 REO: 110 Distressed sales as a percentage of total sales: 24.8%
My conclusion: The percentage of distressed properties in San Mateo is a higher in 2011, 27.17% as compared to 2010, 24.8. Also, 27% of sales … (4 comments)
In Woodside from Jan 1, 2012 until June 30, 2012 there were:
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