Tax Credit Extension Dies on Senate Floor

Tax credit extension Deadline

Extension of Tax Credit Deadline failed on the Senate floor. The deadline is today, June 30, 2010. The amendment to extend the home buyer tax credit deadline to September 30, 2010 failed on the Senate floor last week. This resulted in the third unsuccessful attempt by Senate Majority Leader Harry Reid (D-Nevada) who proposed the… Read More

Short Sale-REDUCED – 951 S 12th Street #303 San Jose CA 95112

951 S 12 Street #303 San Jose Ca 95112

Short Sale-REDUCED – 951 S 12th Street #303 San Jose CA 95112 University Gardens Overview Maps Photos Description Neighborhood Market Stats $269,000 CondominiumFor Sale Main Features 2 Bedrooms2 BathroomsInterior: 1102 sqftLot: 1,307 sqft Location 951 S. 12th Street#303San Jose, CA 95112 To get updates on open home dates and other property events, please click the… Read More

Short Sale – Almaden Valley Townhome Sold

1108 Trevino Terrace San Jose CA 95120

Almaden Valley Townhome – Short Sale Sold $525,000 1108 Trevino Terrace, San Jose, CA 95120 Submitted Short Sale Package to SunTrust on December 19, 2009 Two Loans – 1st with SunTrust; 2nd with Wells Fargo – SunTrust Servicer Purchase Offer $460,000 SunTrust valuation came in at $580,000 Listing Agent disputed BPO Valuation Short Sale Approved… Read More

Fannie Mae and Strategic Defaults

Fannie Mae

Fannie Mae wants borrowers to act in Good Faith in working out an alternative solution with the servicer. Simply walking away (“Strategic Default”) may subject a borrower to legal action to recoup the outstanding mortgage debt. This means, strategic defaulters may walk away from the property however under Fannie Mae’s new policy, in jurisdictions that… Read More

You lost your home – Really?

house

How does anyone lose a home? Aren’t they kinda big to lose? Afterall, a house is not like a set of keys … something a homeowner can misplace – right? While sitting at clients’ dining room table the other day their very upset 5 year old daughter interrupted her parents and said: “Mommie – I… Read More

U-Serve-Yourself Realty versus Full Concierges Service Realty

open door

Let me understand you correctly … you have an agent and YOU are calling me about my listing? YOU, Mr. Buyer want to know: 1. Is the property vacant? 2. Is it a short sale? 3. How many days have home been on the market? 4. How many loans on the property? 5. Will the… Read More

Dual Agency – When a Listing Agent Represents the Buyer(s)

Legal

In all my years of selling real estate … I have NEVER “double-ended” a transaction. Why? Because I have a commitment to the seller first and foremost AND the buyers that have come to me to represent them on my San Jose homes listings actually have done so because they believe they can and will… Read More

Extension of Tax Credit Deadline?

Tax credit extension Deadline

Great news for thousands of home buyers who will not be able to meet the June 30, 2010 tax credit deadline! Senate Majority Leader Harry Reid, along with Senator Christopher Dodd and Senator Johnny Isakson has introduced an amendment to a jobs and tax bill currently under consideration by the Senate. The amendment would extend… Read More

FHA Approval Process for San Jose Condominiums

If you, or anyone you know, are looking to buy a San Jose Condo or Townhome, and your financing is FHA, then you need to know the FHA condominium approval process. As a San Jose Real Estate Broker, Certified Short Sale Specialist and Certified HAFA Specialist, I know firsthand the importance of lender approvals AND… Read More

San Jose Short Sale Specialist – HAFA Certified

Certified HAFA Short Sale Specialist

The Home Affordable Foreclosure Alternatives (HAFA) certification (CHS) is designed for real estate agents to understand the Treasury Supplemental Directive 09-09 which was implemented on April 5, 2010. Working with a San Jose Short Sale Specialist who is also a Certified HAFA Specialist can save you thousands of dollars. If you are considering a short… Read More