Santa Clara Valley Living

With the number of foreclosures skyrocketing in California in recent years, there is a lot of interest from would be buyers in purchasing bank owned properties which are also known as real estate owned or REOs.
What is a short sale?
What is a Short Sale?
Short sales occur when the value of the property is less than [...]

With the economy in it’s current state and the housing market seen as the culprit, you can expect that the government is focusing on stimulating housing and home buying.  As a first time home buyer you are already guaranteed an $8000 tax credit if you purchase between January first and November of 2009.
Here is a [...]

FREQUENTLY ASKED QUESTIONS
SHORT SALES: THE LONG AND SHORT OF IT
1. What is a short sale?
A short sale* is a sales transaction in which the seller’s lender agrees to accept a payoff of less than the balance due on the loan. In addition to absorbing any loss on the loan, the lender in most [...]

Title to real property in Santa Clara County may be held by a single individual or entity, known as Sole Ownership, or by two or more individuals and/or entities known as Co-Ownership. Examples of common ways to hold title are listed below.

Sole Ownership

Where one individual or entity is sole

Frequently new homeowners will ask why they are paying twice as much (or far more) in property taxes than their neighbor. The answer is Proposition 13. Passed by the voters in June, 1978, Proposition 13 is an amendment to the California Constitution that limits the assessment and taxation of property in California. It restricts both [...]

Proposition 90 allows a homeowner to transfer the base year value of their principal residence in one county to a newly purchased residence in another county providing that certain requirements are met. Only a limited number of counties are participating in Proposition 90.
 
Proposition 90 Requirements (Santa ClaraCounty):

The requirements for Proposition 90 in Santa ClaraCounty [...]

The current trend in the marketplace is focused on the impact of foreclosures across the country. This trend has resulted in various opinions on the types of distressed property sales (Short Sale, Deed in Lieu and Foreclosure) and its impact on a borrower’s FICO score.
This topic, which is raised in news articles, has generated many [...]

In Santa Clara County credit is everything.  A poor credit rating can affect your purchasing power and your ability to get a home loan. If you have a poor credit history there are many things you can do to restore your credit.  Don’t rely on paying these professional institutions to restore your credit.  Most of these companies are [...]

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 [...]