How Do Buyers Finance Short Sales? In our last post, we showed you how buyers financed bank owned homes in San Mateo County. This post, I’d like to talk about the differences in how San Mateo County home buyers purchase short sales, or pre-foreclosures. Fewer All Cash Buyers in the Short Sale Market Savvy San [...]
San Mateo Short Sales
- Are All Short Sale Buyers Cash Buyers?
- Are Agents Required to Present Short Sale Offers to the Lender?
- 11 Most Common Reasons Short Sales Fail to Close Escrow
- How Markets are Affected by Foreclosures
- Foreclosure Market Realities and What’s Ahead for San Mateo
Are Agents Required to Present Short Sale Offers to the Lender?
An angry, frustrated San Mateo home buyer wrote in this question: My agent tells me he cannot demand that my short sale offer be presented to the home owner’s lender. I thought all offers have to be presented.
11 Most Common Reasons Short Sales Fail to Close Escrow
San Mateo Short Sale Reality – Can Take 3-9 Months to Complete IF they Close Short sales occur when the homeowner sells a San Mateo home for less than the mortgage balance owed with the lender’s approval and their agreement to accept a short payoff. A short sale may be the right solution – but not [...]
How Markets are Affected by Foreclosures
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 [...]
Foreclosure Market Realities and What’s Ahead for San Mateo
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, [...]
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Raymond Stoklosa, Broker/Co-Owner
Phone: (650) 533-8531
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Phone: (650) 533-8532
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Rebecca Williamson, Realtor
Phone: (650) 281-8515
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Phone: (650) 520-0915
Chris@SanMateoMortgageBlog.com
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