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Marcy Moyer's Blog (122)

Watch Out For Blossom Valley Short Sales When The Seller is a Realtor

I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:

The seller was a real estate broker and the listing agent works for the seller. The buyer…

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Added by Marcy Moyer on October 8, 2012 at 9:30pm — No Comments

Sometimes a Blossom Valley Short Sale Is Not The Right Answer

Yesterday I got a call from a client I will never forget. She said "I was able to modify my loan, I can keep my Blossom Valley house, and you were the only one who believed I could do this, so thank you." This made me so incredibly happy.

So what happened was this client and her then husband were pregnant with their first child and ready to buy a home together. They found their dream home in Blossom Valley with my help, purchased it in 2006 with 10%…

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Added by Marcy Moyer on September 12, 2012 at 9:00pm — No Comments

Redwood City Short Sale Closed, Most Challenging I Ever Had

I finally closed a Redwood City short sale that started in Sept of 2011. Yes, one year for a short sale. What was the problem? Let me count down just the top 10.

10. The sellers asked another agent in my office to sell this home as a short sale but this wonderful agent had never listed a short sale before. She asked me to help her, but by the time she did they were 2 weeks from the trustee sale date and the sellers were sitting on a perfectly good…

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Added by Marcy Moyer on September 9, 2012 at 9:00pm — No Comments

Silicon Valley Investors, Buy and Hold or Buy and Flip?

Silicon Valley Home Prices are on the rise. Inventory is low, and there are plenty of buyers out there making multiple offers the norm, not the exception. Investors have been a big factor in the market since the crash, but now it may be time for a change if you are an investor.

For the last few years investors were gobbling up foreclosed homes, short…

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Added by Marcy Moyer on September 4, 2012 at 3:06pm — No Comments

Blossom Valley Pending Short Sales

Blossom Valley is a hot bed of short sales. It is one of the neighborhoods in the Silicon Valley that has not gone back to the values of 2007-2008. So many of the homes for sale right now are being sold as short sales since the owners have negative equity in their homes.

There are currently 196 pending homes listed as…

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Added by Marcy Moyer on August 23, 2012 at 8:30pm — No Comments

Los Altos Ca Short Sale/Foreclosure Round Up

In Los Altos from Jan 1, 2012 until June 30, 2012 there were:

3 closed short sales

3 closed bank owned homes

Total sales during this time period were 192

Total % Short Sales:…

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Added by Marcy Moyer on August 6, 2012 at 4:33pm — No Comments

Los Altos Hills Short Sale/Foreclosure Round Up

In Los Altos Hills from Jan 1, 2012 until June 30, 2012 there were:

1 closed short sales

0 closed bank owned homes

Total sales during this time period were 45

Total % Short Sales:…

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Added by Marcy Moyer on August 6, 2012 at 4:00pm — No Comments

Woodside Ca Short Sale/Foreclosure Round Up

In Woodside  from Jan 1, 2012 until June 30, 2012 there were:

3 closed short sales

4 closed bank owned homes

Total sales during this time period were 51

Total % Short Sales:…

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Added by Marcy Moyer on August 1, 2012 at 7:19pm — No Comments

Portola Valley Ca Short Sale/Foreclosure Round Up

In Portola Valley from Jan 1, 2012 until June 30, 2012 there were:

0 closed short sales

1 closed bank owned homes

Total sales during this time period were 32

Total % Short Sales:…

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Added by Marcy Moyer on August 1, 2012 at 7:18pm — No Comments

Palo Alto Ca Short Sale/Bank Owned Round Up

In Palo Alto from Jan 1, 2012 until June 30, 2012 there were:

1 closed short sales

3 closed bank owned homes

Total sales during this time period were 284

Total % Short Sales:…

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Added by Marcy Moyer on August 1, 2012 at 7:15pm — No Comments

Santa Clara Ca Short Sale/Foreclosure Round Up

In Santa Clara from Jan 1, 2012 until June 30, 2012 there were:

97 closed short sales

47 closed bank owned homes

Total sales during this time period were 491

Total % Short Sales:…

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Added by Marcy Moyer on July 30, 2012 at 3:11pm — No Comments

Mountain View Ca Short Sale/Foreclosure Update

In Mountain View from Jan 1, 2012 until June 30, 2012 there were:

16 closed short sales

22 closed bank owned homes

Total sales during this time period were 349

Total % Short Sales:…

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Added by Marcy Moyer on July 30, 2012 at 11:15am — No Comments

East Palo Alto Ca. Foreclosure/Short Sale Roundup

In East Palo Alto  from Jan 1, 2012 until June 30, 2012 there were:

36 closed short sales

20 closed bank owned homes

Total sales during this time period were 96

Total % Short…

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Added by Marcy Moyer on July 21, 2012 at 9:52pm — No Comments

Sunnyvale CA Foreclosure/Short Sale Roundup

In Sunnyvale from Jan 1, 2012 until June 30, 2012 there were:

58 closed short sales

32 closed…

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Added by Marcy Moyer on July 16, 2012 at 10:30am — No Comments

Redwood City CA Foreclosure/Short Sale Roundup

In Redwood City from Jan 1, 2012 until June 30, 2012 there were:

46 closed short sales

22 closed bank owned homes

Total sales during this time period were 363

Total % Short Sales: 12.6%

Total % REO Sales: 6%

Total Percentage  Redwood City Distressed Properties: 18.6%

18.6%…

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Added by Marcy Moyer on July 14, 2012 at 9:35pm — No Comments

A Great Result on a Very Hard Redwood City Chase Short Sale

I have been working on a Redwood City short sale with Chase since last September. Now if this were 2009 this would be more like dog bites man rather than man bites dog. But it is 2012 and most short sales do not take so long. However, this one has a 3rd loan for a lot of money and it slowed the process down.

Selling the property at market value was not that hard, despite being on a fairly busy street. We got an offer for $510,000 and a BPO for $510,000 so it started…

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Added by Marcy Moyer on July 14, 2012 at 8:30pm — No Comments

Menlo Park Ca REO/Short Sale Roundup

In Menlo Park from Jan 1, 2012 until June 30, 2012 there were:

9 closed short sales

9 closed bank owned homes

Total sales during this time period were 227

Total % Short Sales: 4%

Total % REO Sales: 4%

Total Percentage  Menlo Park Distressed Properties: 8%

8% of all Menlo…

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Added by Marcy Moyer on July 9, 2012 at 9:13am — No Comments

Santa Clara County Short Sale/REO Roundup

It's time for the short sale/vs REO round-up for the first half of 2012. Today I will do the entire county, and then will break down the numbers by city.

So, in Santa Clara County from Jan 1, 2012 until June 30, 2012 there were:

1783 closed short sales

1099 closed bank owned home

Total sales during this time…

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Added by Marcy Moyer on July 2, 2012 at 10:41pm — No Comments

San Mateo County Short Sale/REO Stats

It's time for the short sale/vs REO round-up for the first half of 2012. Today I will do the entire county, and then will break down the numbers by city.

So, in San Mateo County from Jan 1, 2012 until June 30, 2012 there were:

517 closed short sales

430 closed bank owned home

Total sales during this time period were 2520

Total % Short Sales:…

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Added by Marcy Moyer on July 2, 2012 at 12:32am — No Comments

Does The Amount A House is Underwater Matter in Menlo Park Short Sales

As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale

Here is how it may make a difference.

Some homeowners owe more on their homes than the home is worth,…

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Added by Marcy Moyer on May 22, 2012 at 2:12am — No Comments

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