The foreclosure epidemic is wrecking havoc on US housing markets, especially California where the San Francisco Bay Area of 9 counties is located. Tens of thousands residential properties are foreclosed; deserted; walked-away from and are lying uncared for, bringing a shame for the country. Apart from this, there is another woe– reduction in property tax [...]
The Veteran Affairs Department takes possession of the properties defaulted by debtors who purchased residential properties with VA secured loans, after paying the mortgage lenders their balance in full. These VA foreclosure homes are considered best opportunities by investors since the discounts available on these foreclosed homes are considerable – from 10 to 50 percent [...]
In the 9 county San Francisco Bay Area, the fluctuations recorded in the housing market are worth watching, since they are the indicators for both sellers and home buyers. While home sales are up, the participation of foreclosure properties in home sales shows a downward trend. The total home sales in March, in all the [...]
Short Sales is the way out for a borrower-home owner to get out of the foreclosure tragedy permanently – this is what outwardly believed by people caught in the foreclosure crisis. But in real life experience, a Short Sale is a tug-up war between the borrower and lender and sometimes including the second mortgage holders. [...]
The foreclosure report pertaining to the 9 County Bay Area during the quarter ending March 2010 shows that fewer home owners suffered official foreclosures, compared to the previous quarter and a year ago. The foreclosure trouble is continuing at the more or less same levels in lower and moderate priced neighborhood properties, but there is [...]
Let’s face it – home buying has taken a new dimension in the “troubled waters” of San Francisco housing market. The foreclosure crisis is the reason for this and recently the Short Sale option for distressed home sellers opens up new vistas to home buyers as well. The fourth most populous city of California, San [...]
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 [...]
