Certainly the foundation that a short sale property purchase will lie upon is that of value. If again the purchase is entered into at a margin below the valuation, the objective of every investor is realized. In similar fashion, intellectual property to date is yet to be the subject of an accurate valuation system; it [...]
This is a prediction based on the situation obtaining as of now in this third largest city of California (10th largest in the country) and the County seat of Santa Clara. With latest Census records showing a population of little over 1 million this city is very prominent in the San Francisco Bay Area. Looking [...]
Well – the right answer to this question is – aplenty. No kidding – see for yourself. The 9 country San Francisco Bay area, as you might be aware already, is one of the most-sought after location for buying a home of your own and settling down. Whether it is San Francisco, San Jose, Oakland [...]
In the current climate we have seen property values in San Jose alone fall by 25 % in the past 12 months. With continuing negativity in the South Bay, the fact that short sales are notorious for taking up to 8 months to close will mean that a buyer needs to keep abreast of changes [...]
The buzz has already started in the 9 county Bay Area. People, who were not aware of what are Short Sales, are being educated through blogs and forums from experienced foreclosure-stricken home owners. Word of mouth is also playing a major part in all the heavily hit foreclosure neighborhoods in San Francisco, San Mateo, Contra [...]
The short sale has its genesis in pure hardship. The mortgagor is financing a debt that is embarrassingly under secured and they wonder what economic sense is inherent in such conduct. The lender is facing commensurate frustration as their security evaporates by the day. At some stage both have to act according to what is [...]
There are large number of foreclosures in bay area. In the month of March alone, as many as 11,000 homes are reported to be in some stage of the foreclosure process. The increasing foreclosure rate has significantly led to the decrease in the property tax revenue generated by the government and an estimate of about [...]
The cost of living in the South Bay is arguably the highest in California. As such, the average mortgagor has more to negotiate when dealing with negative equity in residential property. Apart from needing the express approval from the lender to affect a short sale on a property, the mortgagee needs to find it to [...]
Certainly the banks are feeling the pinch. Even though the financial institutions receive as much Executive support as the autonomy they are willing to forgo, the ensuing regulation of the financial system means that the banks will be soon laden with policy and procedure. These polices of course will err on the side of conservative [...]
