Santa Clara Valley Living

333 Santana Row #214, Sold for $515K.  1 Bedroom 1.5 Bath loft with catwalk, popout, large back patio, and 2 parking spots, great deal.
This short sale transaction just closed last week. For those of you who who are considering buying a short sale understand that the most important figures in the transaction are the [...]

Great Santana Row loft with spacious exterior patio. This unit features a one bedroom one and a half baths and den. Open living area with dramatic 22 foot tall ceilings and large windows. Unit also features an extra dedicated parking spot and custom paint. Check out the slideshow for the contemporary decor.

Currently Santa Clara has 194 Notice of Defaults filled on properties.   A notice of default gets filed on a property in Santa Clara County when the owner is behind on the mortgage by 2 or 3 months.  This is the first stage of the foreclosure process referred to as pre-foreclosure.
In order remove the notice the [...]

It’s no surprise that any newer developments in the Santa Clara County as of the past 5 years are going to experience a high number of Short Sales and REO or Bank Owned properties. Rivermark in Santa Clara is no exception.
Rivermark is a master planned community developed in 2002 by Lennar, Centex and Shea Homes [...]

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 [...]

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 [...]

(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 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 [...]