Santa Clara Valley Living

CHICAGO (MarketWatch) — The Obama administration will soon announce a new economic strategy that would lower mortgage costs and extend credit to small businesses, the President said in his weekly radio and Internet address on Saturday.’
By Amy Hoak, MarketWatch
"Soon my Treasury Secretary, Tim Geithner, will announce a new strategy for [...]

3265 MACHADO AVE, SANTA CLARA
Beds: 3
Baths: 2
List Price: $399,900
List Date: 1/28/2009
Lot Size: 5000.00 SF
SqFt: 1078
Age: 54
Year Built: 1955
Neighborhood: Bowers Crest
School District: Santa Clara Unified
Another great deal that being offered by the bank.  $400K will get you a simple 3 bedroom 2 bath home in a nice quiet neighborhood.  This same home sold for around $650K three years [...]

(great article on short sales, very accurate assesment of the time and expectation.  Although the article refers to the Sacramento area, the same opportunities are here in the Santa Clara Valley. -Vinicius)
Short sales – where a lender agrees to take less than it’s owed on a mortgage – are rising sharply. Here’s how [...]

I know its a little late for Christmas, but this has been on my to do list for a while and I’m happy to get it out for you to appreciate it. First off let me start off by apologizing to those of you in Santa Clara who had decorated your homes and for [...]

I just got my short sale listing 2122 Ventura Place in Santa Clara in contract.  The sellers and I initially tried to sell the home where the sellers could possible come out clean without a short sale on their record.  As the market deteriorated however, this proved to be an impossible venture and eventually we [...]

4534 LAIRD CI, Santa Clara (map)

Type: Townhouse
Status: Active
List Date: 11/25/08
Price: $524,900
[...]

They key to spotting a market bottom is by following the home inventory levels of a specific market.  Once the inventory of homes reaches a top and starts to declince that means the buyers are beginning to overtake the sellers, and hence supply and demand are changing.  Here we take a look at the recent historical level [...]

You hear on the tv and the paper that you can get a great deal on an REO.  You expect 50% savings off your dream home, after all isn’t this the worst real estate market in history?  Sounds great and it might just happen, but first you should take a look at some facts and [...]

Short sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them.
On the surface, it may appear that a short-sale buyer is getting a good deal. Although a slim margin of short [...]

There are many homes for sale in the Santa Clara Valley that are “short sales”, meaning the mortgage is larger than the asking price.  Other descriptions for short sale listings might be described with the phrases ”subject to bank approval” or “subject to lien-holder approval”.  Rarely will you see “short sale”, so it’s best to be armed with [...]