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 [...]
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 [...]
If you are one of the thousands of troubled home owners of the Bay Area, it would be worthwhile to know the current foreclosure trend, to take an informed decision on Short Sales. The nine-county Bay Area is worst hit by the foreclosure fiasco. It is also true that people living there are searching for [...]
The centre of the Dot Com controversy in 2000, Silicon Valley in the South Bay district has retained some of the highest quality intellectual property in the world. The largest participants in technological commerce choose their place of business to be San Francisco’s South Bay. While unemployment has been an inevitable consequence to the economic [...]
Latest statistics reveal that Short Sales are widely becoming the choice of troubled home owners in San Francisco County of the Bay Area. The reason is simple – a Short Sale is far more advantageous to you, compared to foreclosure and its hassles. A cursory glance of the housing market reports of San Francisco, gives [...]
In California, particularly in the San Francisco Bay Area – Santa Clara – and San Manteo statistics reveal the prices of residential properties is picking up. Compared to December 2008, the prices have gone up by 15.2% in most of the Counties, in December 2009. This is encouraging trend, especially for those troubled home owners [...]
The foreclosure situation in the 9 county San Francisco Bay area is as worse as it is elsewhere. The distressed home owners are amazed. But there is a short-cut to come out of the melee with some dignity – instead of forfeiting their homes to full-fledged foreclosure and eviction. It is the “short-sale” route which [...]
