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Santa Clara, Sunnyvale and Milpitas bank owned Reo's
2008-05-09 00:30:00
We have currently updated our list of bank owned Reo's in Santa Clara , Sunnyvale and Milpitas. You will see a list below of current listings in Santa Clara County. These prices range from the mid 700's k to low 400's k.List Price Street Address City Bldg SqFt659900683 PINNACLES TLSunnyvale1487499000306 BARTLETT AVSunnyvale798724900851 W LATIMER AVCampbell1464564900458 ESTHER AVCampbell14407299004557 CHEENEY STSanta Clara17056700002245 3RD STSanta Clara16025399001446 WABASH STSan Jose1409590000256 S TEMPLE DRMilpitas2037509900151 HEATH STMilpitas980509900472 EASTER AVMilpitas1112469000385 CARNEGIE DRMilpitas1436459900504 REDWOOD AVMilpitas10574199001433 FREELAND DRMilpitas912474900519 CESTARIC DRMilpitas960449900361 MANZANITA CTMilpitas10104199001433 FREELAND DRMilpitas912
More About: Owned , Bank

Current tracking of San Jose Bank owned Reo's
2008-05-09 00:03:00
We have currently updated our list of bank owned Reo's in Santa Clara County. You will see a list below of over 150 current listings in San jose price ranges from 1 million to the low 200's k. List Price Street Address City Bldg SqFt6299001457 LEXINGTON DRSan Jose 19186199001274 RODNEY DRSan Jose15285499001526 KOOSER RDSan Jose11855350003182 ROSS AVSan Jose12485099003002 ARROBA WYSan Jose11404999003096 DOVELA WYSan Jose11406550005466 FERN DRSan Jose13966299004937 CAMDEN AVSan Jose123658990015320 CARLTON AVSan Jose120642500021340 BERTRAM RDSan Jose624675000132 PARK SHARON DRSan Jose21246449006128 BLOSSOM AVSan Jose13216299005663 COMANCHE DRSan Jose18835399006117 MAREE CTSan Jose1529499900408 LYONCROSS WYSan Jose14094849005477 GIUFFRIDA CTSan Jose1222469000234 OMIRA DRSan Jose15464599005287 GARRISON CISan Jose1207549900245 CANMORE CTSan Jose1232509900453 CALERO AVSan Jose12326100005021 GAZANIA DRSan Jose1673579900504 VERANO CTSan Jose17925699002482 SHERLOCK DRSan Jose16574999004100 S...
More About: Current , Owned , Bank , Tracking

Great Bank Owned Deal located in Downtown Campbell
2008-05-07 23:01:00
Come take a look at this beautiful downtown Campbell DUPLEX. This a bank owned, with a deal you just can't beat. The front unit is a 2bdr, 1 bath and the back unit is 3bdr, 2 bath. This property is under remodeling and not yet completed, it would be a great opportunity to come put your finishing touches on this almost completed project. This duplex is a great location, located near Campbell Union Elementary, Campbell Union High and also down the street from shopping, restaurants and fun entertainment. If you would like a tour please contact me at (415) 269-6249
More About: Foreclosures , Great , Downtown , Deal

Details of a Short Sale Transaction
2008-05-07 21:12:00
We are dealing with one of the largest sub-prime lenders on a short sale transaction. This lender - to remain anonymous - let's just call it Lender "C" - has a submitted offer from a buyer to purchase the very upside down home. The borrower is in dire straits and needs relief. The reply we got was that within 30 days, a "workout specialist" would be assigned to the borrower. We were asked to wait 30 days before calling back. What may I ask, is the point of this lack of haste??? Doesn't Lender C want to solve their problem situations? Isn't there a workout specialist available to talk to now? Can't we just keep pressing the 0 button on the voicemail system to talk to one? This, my friends, is the hell of buying a short sale. Granted, it is still a good deal, and you have to ask, is it worth the wait and the brain damage? Give me a conduit loan any day instead!
More About: Sale , Details , Short

3 Tenant Starbucks Shopping Center Meza, AZ
2008-05-06 19:00:00
There is a Starbucks anchored center in the Phoenix Metro available in a great location. Three tenant brand new building. Offered at $2,750,000. One space vacant with good leasing activity on it already. Very near the new 464 bed hospital in Mesa. Perfect deal for a 1031 exchange or a cash buy.
More About: Shopping , Center

Los Gatos Bank REO Condo $289,900!!!
2008-05-05 01:19:00
yes - this one needs work - unless you like green, 1970s, textured carpeting and brown as brown can be kitchens with yellow appliances. Then again, look at the price for a 2 bedroom with a bonus room condo in a nice location off of Hwy 85 and Winchester. The bank owns this one and will move it - try finding a 2 bedroom even in Campbell or West San Jose at that price. A little love and this condo will be stunning.
More About: Foreclosures , Condo , Homes , Bank , Gatos

CCIM Silicon Valley Chapter Commercial Marketing Meeting
2008-05-04 21:40:00
The 2nd inaugural meeting of the new CCIM Silicon Valley Chapter will be Tuesday May 27th in Cupertino. Meeting starts promptly at 9am at the UCSC Extension on Bubb Road in Cupertino. There will be a panel of guests discussing commercial property trends in the South Bay. Meeting lasts approximately 90 minutes. If you have a commercial property you are searching for or a property you would like to have presented, please bring packages for 40+ people. Any agents and their clients are welcome.
More About: Marketing , Commercial

Sunnyvale Bank REO Condo for $380,000!!!!
2008-04-27 18:46:00
There is another great opportunity in Sunnyvale . This ground floor condo needs some TLC and has great potential if it gets it. A 2 bedroom, 2 bath condo, nice floorplan - get this: two ground floor fenced patios - one is really a back yard. Very convenient location off of Central Expressway and Fair Oaks. Great price for Sunnyvale.
More About: Foreclosures , Condo , Homes , Bank

Bank REO Campbell Townhouse - Very Nice
2008-04-27 18:40:00
We are tracking a very well-located and in great condition townhouse in Campbell at a blow-out price. This is a townhouse style condo - two stories with underground gated parking in a pristine complex near Cosentino's market. Two bedrooms, 2.5 baths, nice kitchen, two decks, spa in complex, washer, dryer, refrigerator included and low HOA dues of $265 per month. Offered at $439,000. Let me show you this great bank opportunity and the other deals out there too.
More About: Foreclosures , Homes , Bank , Nice

Trulia and Zillow on WebbyAwards.com
2008-04-26 02:59:00
It's a heated, head to head battle of the best real estate websites for the coveted Webby award to be announced May 6, 2008. I just voted for my favorite and it was a no-brainer - Trulia trumps Zillow . Sorry Zillow. Please help Trulia get over the top at the Webby voting site. Have a great weekend! Go Sharks!!!!

NNN Leased in Newark (Fremont Area)
2008-04-24 21:09:00
We are tracking a very solid investment in the booming city of Newark, CA. This is a single tenant NN leased auto body and repair facility which was built in 2000. Offered at $2,175,000, at a 6 cap, 10,160 square foot building on a 34,900 square foot lot. 4.5% rent bumps per year. Leased through Dec. 2012 with one 5 year option to extend at fair market value.
More About: Fremont , Investments , Area

Mexico Fly and Buy Trip for Intero Real Estate
2008-04-22 06:34:00
For those of you who want to have a little permanent fun in the sun, consider going on May 2nd - May 5th to Puerto Vallarta with Intero Real Estate . This is a wonderfully coordinated trip to view the fantastic beach town and tour the many condo and home developments that are being built. Owning is very easy and straight-forward now, including US style title insurance from Stewart Title. Lending is also very easy. Email me for more details so you can sign up. From what I heard - $1,200 pays for everything - including food, hotel and airfare. Tempted...? BTW - I sadly:-( cannot go because I committed to attending a very good friend of mine's wedding. So bring me back a bottle of tequila or a sombrero.
More About: Real Estate , Mexico , Trip

Peninsula Investment Forum Tomorrow
2008-04-21 18:21:00
John Rayden of West Valley Properties will be speaking tomorrow about the state of shopping centers and retail investments. His company manages over $200 million in equity over 22 properties of which 85% is neighborhood retail centers. He will also discuss the changes in financing and cap rates in this fluctuating economy.April 22, 2008First American Title555 Marshall StreetRedwood City, CA7:45am networking8:15am speaker begins
More About: Investment , Forum , Tomorrow , Peninsula

First Time Home Buyer Workshop Tomorrow
2008-04-17 01:06:00
Intero Mortgage is hosting a first time home buyer workshop tomorrow night from 6:30-8:00pm at our Cupertino offices.There have been many changes in financing homes in the last few months.The host, Tony Guaraldi, is a wonderful educator on this subject. The following topics will be covered: California State 1st Time Buyer Program 100% Financing to $729,750 Purchase PriceAll Fixed Interest RatesDown Payment & Closing Cost AssistanceCity & Non-Profit Assistance ProgramsCredit Scores Down to 620Credit Reports and How They Score YouRole of the RealtorTitle & Escrow ProcessTax Benefits of Home OwnershipPlease RSVP by sending me an email with your contact info to mario@interorealestate.com
More About: Workshop , Tomorrow

New FOR SALE, still also for LEASE
2008-04-14 22:44:00
Call me for information on this great opportunity at 415-269-6249
More About: For Sale , Sale , Lease

Good Commercial Deals in California
2008-04-04 21:22:00
I wish there were some! Well, that's not exactly a fair answer. Let me explain, break down the question and dissect. If you are an apartment building owner in Silicon Valley - rents are up, vacancies are down and you are very happy AND unmotivated to sell. If you own a strip shopping center in the Silicon Valley - same thing. Those are the two product types that I deal with most often. Less robust, yet still strong is the retail strip market throughout the rest of the state. Apartments though - quite a different story. If you have units in the Central Valley - it's getting very ugly out there. Think of your competition. A slew of single family homes, most only a few years old, that are vacant and looking for tenants. Why would a prospective tenant move into a 30 year old walk-up building in Fresno, when they can have their choice of a mini-mansion down the street? I have to ask though - is this the "good deal" you want - buying an apartment building in the central valley? I think ...
More About: Commercial , California , Good

Why Pay PITI for Rent Backs?
2008-04-04 05:12:00
PITI - principal, interest, taxes and insurance - is typically prorated if a buyer is renting from a seller, or if a seller is renting from the new owner during, before or after a close of escrow. This is rent. Why should it be the amount of what a seller is currently paying in PITI or the amount it will cost a buyer to own the property on a daily basis? It shouldn't be this number at all. A better number to use would be what the fair market value is of the home as a rental and then prorated to a daily basis. So, why use PITI? Because it is easy and nobody will argue that number. Some people like easy. Although easy is not always fair. Depends on what side you're on.
More About: For Rent , Rent

Market is Strengthening in Santa Clara County
2008-04-03 04:00:00
The home market is definitely getting stronger in parts of Silicon Valley. Tonight at the office, there were over 10 offers on a well-located, obviously well-priced home in the west valley. Also, it seems as if the buyers are calling and there is good activity - activity not seen like this for maybe 6 months. I think a lot of people put their buying decisions on pause since late in the summer last year. Now, there is a higher conforming rate, interest rates are down (maybe not on the 30) and policy changes will affect this R-word time in a positive manner. I keep saying, those who buy in 2008 will do great - only 9 more months to go!
More About: Market , Clara , Santa , Homes , County

Short Sale Strategies
2008-03-23 23:46:00
Nice 4 bedroom, 2 bath home on great street in Santa Clara - short sale situation - listed for 3 months with no offer activity. Now with a trustee sale date just days away, the listing agent got serious and reduced the price to generate huge interest. 3 offers in on the first weekend and hopes of stalling the trustee sale. If you want to get a home sold, especially with the unattractive situation of a short sale, it must be priced to compensate for the headaches and perhaps to fire up the buyer pool. There are many buyers out there and they jump at the great deals.03/20/2008 Active 06/14/2008 asking $430,000 - 3 and maybe more excited buyers02/21/2008 Active 06/14/2008 asking $629,000 - no offers01/10/2008 Active 06/14/2008 asking $714,900 - no offersLet me know if you want to get your home sold right away. There are solutions available to you.
More About: Strategies , Sale , Short

Bank REO Santana Row Best Floorplan
2008-03-23 22:19:00
The most sought-after A3 floorplan is available in Santana Row - facing the Row! - in the DeForest Building as an REO Bank owned property. 1,250 square feet which includes the "catwalk". A good location over Cocolat and Straits - although there will be noise from the nightly revelers at Straits. This is a good deal. Call me for a tour and to write an offer on this rare opportunity. 415-269-6249.

New Great Price on Milpitas Townhouse
2008-03-23 18:54:00
315 Ethyl Drive - a very nice 2 bedroom, 1 bath, two story townhouse unit in Milpitas is now priced at $275,000! Just reduced from $309,000. Sellers are motivated to sell. This is a great bargain in this very solid location. The home features a private patio, 1 car garage, private entrance, nice condition and walking distance to the Great Mall and shopping on Calaveras Blvd. The community also has a very nice pool. Call me for a tour at 415-269-6249.
More About: Price , Townhouse

Bank Auctions vs Short Sales vs REOs
2008-03-19 08:48:00
The banks are understanding how to get the best prices for their new inventory of homes. Advertise the hell out of a public auction, cram 5,000 people into the Cow Palace (or any other convention center of choice), provide easy financing to all who have a FICO score anywhere near 600 and price these homes at ridiculously low prices. Recent example: $550,000 value Belmont home, now REO, listed in brochure for $275,000 - what a deal! - 10 buyers bidding on this home and one "winner" happy to take the keys for $620,000! Good luck with that one. This makes sense why banks are more apt to let a property go to foreclosure than deal with a short sale.
More About: Foreclosures , Sales , Bank , Short , Auctions

Bank Auctions vs Short Sales vs REOs
2008-03-19 08:48:00
The banks are understanding how to get the best prices for their new inventory of homes. Advertise the hell out of a public auction, cram 5,000 people into the Cow Palace (or any other convention center of choice), provide easy financing to all who have a FICO score anywhere near 600 and price these homes at ridiculously low prices. Recent example: $550,000 value Belmont home, now REO, listed in brochure for $275,000 - what a deal! - 10 buyers bidding on this home and one "winner" happy to take the keys for $620,000! Good luck with that one. This makes sense why banks are more apt to let a property go to foreclosure than deal with a short sale.
More About: Sales , Bank , Short , Auctions

Team in Training Fundraiser @ Xanh this Wednesday
2008-03-15 20:15:00
Please come and have a great time at the new bar & lounge at Xanh in Mountain View this Wednesday March 19th. From 5:30-7:30pm, 25% of the bar sales will be donated to the Leukemia & Lymphoma Society. This is a great way to blow off some steam from work and raise money for a great cause. Address is 110 Castro Street. Bring amigos!
More About: Training , Team , Fundraiser

Team in Training Fundraiser @ Xanh this Wednesday
2008-03-15 20:15:00
Please come and have a great time at the new bar & lounge at Xanh in Mountain View this Wednesday March 19th. From 5:30-7:30pm, 25% of the bar sales will be donated to the Leukemia & Lymphoma Society. This is a great way to blow off some steam from work and raise money for a great cause. Address is 110 Castro Street. Bring amigos!
More About: Training , Team , Fundraiser

Best value townhome in Milpitas...
2008-03-13 21:50:00
This is a very well priced 2 bedroom townhouse style unit in Milpitas. Access to 237,880 and 680. Located in a quiet section of the complex with a fenced patio. This unit has a 1 car garage plus parking on driveway for additional car. This home is a clean, bright, two story unit with hardwood floors through out and granite countertops in the kitchen. This is the best value for a town home in Milpitas today…Come and See...Call me for any of your Real Estate Needs...
More About: Townhome

Best value townhome in Milpitas...
2008-03-13 21:50:00
This is a very well priced 2 bedroom townhouse style unit in Milpitas. Access to 237,880 and 680. Located in a quiet section of the complex with a fenced patio. This unit has a 1 car garage plus parking on driveway for additional car. This home is a clean, bright, two story unit with hardwood floors through out and granite countertops in the kitchen. This is the best value for a town home in Milpitas today…Come and See...Call me for any of your Real Estate Needs...
More About: Townhome

Just Remodeled Home in Nice Neighborhood
2008-03-13 21:42:00
Gorgeous remodel. New interior, exterior and landscaping. Huge master suite, new bathroom with spa tub. Was 4 bedroom original floor plan. Now is a 3 bedroom huge master bedroom suite with added den (not included in square feet). Double pane windows, tile roof, new interior paint, hardwood floors just refinished, new texturing and more. This home is stunning. Baker Elementary - A California Distinguished School is walking distance-3 bedrooms and 2 full baths, built in 1960.-Approximately 1,465 square feet of living space, 6090 lot size.-A thorough and stunning renovation was just completed-Huge master suite with office adjacent and two large closets with organizing systems in the dressing area. -Master bath with new spa tub, new tile floors & tile surround, new double sink vanity and stone vanity top with new faucets & light fixtures.-Kitchen with large island, granite counters, all new Kenmore stainless steel appliances (side by side refrigerator, dishwasher, trash compactor, mic...
More About: Home , Nice , Neighborhood

Just Remodeled Home in Nice Neighborhood
2008-03-13 21:42:00
Gorgeous remodel. New interior, exterior and landscaping. Huge master suite, new bathroom with spa tub. Was 4 bedroom original floor plan. Now is a 3 bedroom huge master bedroom suite with added den (not included in square feet). Double pane windows, tile roof, new interior paint, hardwood floors just refinished, new texturing and more. This home is stunning. Baker Elementary - A California Distinguished School is walking distance-3 bedrooms and 2 full baths, built in 1960.-Approximately 1,465 square feet of living space, 6090 lot size.-A thorough and stunning renovation was just completed-Huge master suite with office adjacent and two large closets with organizing systems in the dressing area. -Master bath with new spa tub, new tile floors & tile surround, new double sink vanity and stone vanity top with new faucets & light fixtures.-Kitchen with large island, granite counters, all new Kenmore stainless steel appliances (side by side refrigerator, dishwasher, trash compactor, mic...
More About: Home , Nice , Neighborhood

Commercial Brokerage Cooperation and Non-Cooperation
2008-03-12 17:51:00
I understand commercial real estate agents and brokerages want to keep their listings to themselves. This will eventually make the company receive 100% of the commission on the sale. My big difficulty is - this under-exposes the listing and the seller gets a lower price due to it's poor exposure. I just ran across a listing that required an electronically signed statement by the buyer's agent for, get this, 0% commission! I gripe at the 1% fees offered out. I really gripe (and then blog about it) when I have to sign a document that gets me NOTHING! Does this help the seller? Can I effectively market the listing to my buyer? GRRRRR....
More About: Commercial , Cooperation , Brokerage