Foreclosure

Is the bay rising with all the people ‘underwater’

by Mark Buford March 18, 2010 Cities & County

Who are drowning?

per an article in the online version of the San Francisco Examiner, there are an astounding number of people ‘underwater’. What does ‘underwater’ mean? It mean the home owner owes more on their loan then the home is worth. In Santa Clara County alone, 21% of all home owners who have loans, own …

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An Argument to Buy

by Mark Buford March 11, 2010 Foreclosure

Only the Facts

A story came out the is relevant to Sunnyvale Real Estate that originated from the CNN website (Actually CNN money) where they site the following factors as reasons that it may be the right time to buy.

- Affordable home prices

- Low interest rates

- The Federal Tax Credit

- Real estate punditsĀ  believe that most …

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Why People Are Selling

by Mark Buford March 8, 2010 Foreclosure

Damaged Merchandise

Data compiled by the California Association Of Realtors (CAR) shows that 80% of the people interviewed who sold a home in California in 2009 did so because of financial difficulties (Fig 1). To try to understand how this translates locally, Sellers of Sunnyvale Real Estate had % REO or short sell as the reason …

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Sunnyvale Real Estate Foreclosure Snapshot

by Mark Buford February 5, 2010 Foreclosure

Sunnyvale Real Estate Foreclosure Snapshot

Wondering how many homes for sale in Sunnyvale are bank owned (foreclosed) or in short sell? Wonder no more. Currently, the active listing for Sunnyvale real estate breaks down as follows.

On Feb 4, 2010

Active Single Family Homes Listings: 75

Short Sells: 10

Bank Owned: 5

(AKA: REO or Foreclosed)

How do foreclosures in Sunnyvale break …

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