Jane Pacheco's (pachecorealty) Blog

Once a buyer’s loan documents are signed, all that remains is for the lender to review the loan package, ensure all funding conditions are satisfied, and…yes, fund the loan! Sometimes, it takes just one day to review the loan documents, and when you’re lucky, it is possible to fund on that same ...

We took our visiting friends to a tour of San Francisco, and stopped by Stanford University briefly for some picture taking. I came across the monumental sculpture of The Thinker by the great French artist, Auguste Rodin. I was immediately mesmerized by the tension evoked by its twisted body, fro...

At the end of a long day, when you lay back and close your eyes in silence, at times your mind does not go with the retreat being forced upon by your body. Instead, your mind wanders through heaps of thoughts of the day just passed:     - How your client sounded very excited on the phone that his...

Once a seller accepts an offer, the buyer is officially in contract to purchase the house. The loan process begins.       What if the buyer decides to change the financing specified in the contract? For example, instead of the original 20% down payment, the buyer intends to only put 10% down, so...

A potential buyer will be interested to find out if a property he is buying is within a Mello-Roos community. By law, sellers are required to disclose to buyers if the property being sold has a Mello-Roos special tax assessment. Exempt from this disclosure requirement are REOs or bank-owned prop...

The majority of current housing inventory in Hayward, CA, both in terms of active listings and pending listings, as of 10/20/10, are short sales.     New listings for the month of September show short sales and regular sales to be on nearly equal footing, while REOs listed were less.       On th...

This post by J. Philip Faranda has all the reasons why short sales is the best route to bringing this housing market to a stabilized state, or at least somewhere close to that ideal position. The lenders ought to pay attention, the homeowners ought to see the benefits of considering this option. ...

For the 4th straight month in Fremont, the number of regularly sold properties decreased in September compared to the month prior. As well, new listings posted a decline for the 2nd month after enjoying a peak month in July. That being the case, it is still the dominant sale type observed at lea...

We first heard of the foreclosure moratorium in the month of September, although the freeze did not spread to California until weeks later. So, what happened to the REO supply during this month of September? Let’s take a look at the trend of REO supply and see where we’re headed. Data was pulled...

Here is the latest data on housing inventory in the Tricity – Fremont, Union City, Newark. Data is based on BayEast MLS/Paragon, as of 10/15/10.     As expected, Fremont has the largest inventory of homes on the market.   Listings with offers, i.e., those on pending status, are mostly short sale...