Last summer, I was chosen by Habitat for Humanity to be their exclusive buyer agent for Habitat’s Neighborhood Revitalization Program. Coldwell Banker and I donate the majority of any commissions earned on these purchases back to Habitat.
This Habitat program has been funded in part by contributions from the City of Menlo Park.
The City has considered […]
Entries Tagged as 'Foreclosures'
It is a priviledge to work with Habitat for Humanity
March 3rd, 2010 · No Comments
Tags: Habitat for Humanity · REO · Foreclosures · East Palo Alto real estate · Menlo Park Real Estate · Inspiration
What do the dollar amounts on Realty Trac and Trulia for foreclosures mean?
March 2nd, 2010 · No Comments
There are two ways to buy foreclosures:
1. Go to trustee foreclosure sale on the “courthouse steps” with cash for any offer you may make.
2. Wait until bank forecloses takes title, and lists property for sale on mls (REO).
#1 is are not for inexperienced investors (not saying you are )
#2 is a good way to […]
Tags: REO · Foreclosures · Credit Information · New listings
Menlo Park REO foreclosure 1150 Hollyburne $287,500
February 28th, 2010 · No Comments
Another excellent REO opportunity has come on the market in the Belle Haven area of Menlo Park.
1150 Hollyburne Menlo Park is a 2 bedroom 1 bath home listed by New Light Realty at $287,500.
Unlike many REOs, this home is actually in pretty good shape with an update kitchen and bath. Yards and fencing are in […]
Tags: First-time home buyers · Foreclosures · Menlo Park Real Estate · Cool Listings
2384 Oakwood Drive, East Palo Alto foreclosure opportunity
February 22nd, 2010 · No Comments
I previewed the following East Palo Alto for a client of mine today.
2384 Oakwood Drive 3 bedrooms 2 baths $209,000.
This is a REO property.
Tags: REO · First-time home buyers · Foreclosures · East Palo Alto real estate
1107 Sevier Ave., Menlo Park foreclosure REO for sale
February 10th, 2010 · No Comments
I have written several times about the real estate potential available in east Menlo Park and East Palo Alto.
Property values in these areas have dropped about 50% from their peak.
First time buyers can now buy a single family home on the Peninsula at an affordable price.
Investors can buy fix and flip or buy fix and […]
Tags: REO · Foreclosures · Menlo Park Real Estate · New listings
SF Peninsula Distressed Property
January 25th, 2010 · No Comments
Nothing has generated more buyer interest the past few years than the words “foreclosure” and “short sale”.
Many perceive buying foreclosures and/or short sales as a way to purchase property at a very good price.
In some cases, this may very well be true.
Often times, REOs can be purchase for 40% to 50% of the previous sales […]
Tags: Foreclosures · Short Sales
Foreclosure Opportunities in East Palo Alto and Menlo Park
December 3rd, 2009 · No Comments
One of the most active and strongest markets on the San Francisco Peninsula can be found in the Belle Haven area of Menlo Park and in East Palo Alto.
Most of the listings in these areas are either short sales or foreclosures.
Run-down fixer uppers can be found sometimes below $200,000 and generally between $200,00 and $250,000.
These […]
Tags: Foreclosures · First-time home buyers · Short Sales · East Palo Alto real estate · Menlo Park Real Estate · Investment Real Estate
More information on Short Sales
May 3rd, 2009 · No Comments
Chicago Title has put together a good summary about some of the issues involved with a short sale.
A short sale generally will require a 2 year wait prior to purchasing another home.
Howver if you are not more than 60 days on your loan payment, this time period may be shorter.
Tags: Foreclosures · Short Sales · Credit Information · Sub-Prime Mortgage Issue
A short sale does not mean you do not owe the lender any more money
April 30th, 2009 · No Comments
Many homeowners believe that if their lender agrees to a short sale, they have no further obligation to the lender.
This is not true!
As the Wall Street Journal reports today, many lenders are being more proactive about going after homeowners for the remaining unpaid balance on loan. For example, if the mortgage balance is $400,000 and the […]
Tags: Foreclosures · Short Sales · Credit Information · Real Estate Finance
Understanding the tax implications of a short sale
April 30th, 2009 · 5 Comments
I have written several posts advising homeowners in trouble with their mortgage to consult both their attorney and their CPA before agreeing to a short sale.
The Wall Street Journal has written a good post highlighting the potential tax impacts of doing a short sale.
Homeowners could be tax on the gain in their property even if […]
Tags: Foreclosures · Short Sales · Real Estate Finance