Buying Bank Owned Homes

Condition of Bank Owned Homes Eliminates Most Buyers

By Raymond Stoklosa · January 29th, 2010

Condition of Bank Owned Homes Eliminates 75% of Buyers
Bank owned foreclosure homes in San Mateo County represent a small subset of the overall housing resale market, and most are in need of rehabilitation. The serious damage to most bank owned homes that often exists pretty much eliminates 75% of all qualified buyers as only [...]

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How Markets are Affected by Foreclosures

By Raymond Stoklosa · January 20th, 2010

The Tale of Two Markets
The local real estate market – any market area – is really the story of two categories of homes. The first is the traditional, conventional market of homes for sale, and the second is the distress marketplace of homes owned by people in the midst of a financial crisis. Foreclosure markets [...]

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Foreclosure Market Realities and What’s Ahead for San Mateo

By Raymond Stoklosa · January 19th, 2010

Foreclosures Will Always Be a Reality
The prevalence of the “6 Dreaded D’s” – death, divorce, disease, drugs, denial and da job – ensure that foreclosure will always be an element in the lender/borrower relationship. Foreclosure is a consequence of real people in distress experiencing one of life’s brutal low points. For the home owner, it [...]

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Buying Foreclosures is Not a Get Rich Quick Scheme

By Raymond Stoklosa · January 15th, 2010

Beware: Foreclosure Industry is Full of Scammers
As long as humanity has the “6 Dreaded D’s” – death, divorce, disease, drugs, denial and da job – foreclosure will be a part of the lending landscape. As long as we have people in distress, we will have people willing and eager to take advantage of them. The [...]

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Webinar: What to Know Before Buying Foreclosures in San Mateo

By Rebecca Williamson · January 14th, 2010

Webinar Date/Time: Thursday February 25th at 6:00pm
In addition to our Home Buying Tuesdays monthly home buyer education series, we are also adding a webinar series to our educational programs here at LivingWellinSanMateo.com.
Bank Owned Properties and Foreclosures in San Mateo County
This month we’ll be talking about a very popular subject, What to Know Before Buying Bank [...]

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