Fremont Real Estate Blog

Sunil Sethi | SUNIL SETHI REAL ESTATE | 510-200-0505 358 Lafayette Ave., Fremont, CA Cute Little Detached in South Haywrd. Union City Schools. Clean and ready to occupy. 3BR/2BA Single Family House offered at $275,000 Year Built 1950 Sq Footage 1,226 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 1 Car garage Lot Size 5,000 sqft HOA/Maint $0 per month DESCRIPTION Regular Sale - Not REO/Short sale. New Paint inside and out. master bath nicely remodeled. Great floor plan and spacious backyard for your organic garden. Forced air heating, young roof and water heater. OH Sat/Sun 1-4pm Jan30-31. see additional photos below PROPERTY FEATURES - Central heat - Hardwood floor - Family room - Living room - Dining room - Stove/Oven - Washer - Dryer - Laundry area - garage - Balcony, Deck, or Patio - Yard ADDITIONAL PHOTOS Front View

Musical adaptation of two prominent economic theories. Keynes is theory is what President obama is applying to get us out of this recession, and Hayek is saying this will just lead to other problems down the road. Entertaining video.

http://www.dsnews.com/articles/altos-researchers-anticipate-controlled-inventory-in-2010-2010-01-27   New study from Altos Research confirms what we already knew – that there aren’t a lot of homes for sale, that it’s not a buyer’s market and that we need more inventory to meet demand.   Scott Sambucci, VP of data analytics, Altos top researcher believes banks will continue to control the release of the “so-called” shadow inventory of homes to manage home values.   Gee I wonder if there’s any collusion going on here with big fat banks? Inquiring minds want to know.     -sunil   SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536 Main 510 200 0505 / Cell 510 388 2436 / Fax 510 431 9046     My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com      My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.linkedin.co

http://www.dsnews.com/articles/nar-creates-single-source-database-on-properties-across-nation-2010-01-27   I would hope this is eventually used to compete against REALTOR.COM    I don’t understand why NAR, agreed to give so much away to REALTOR.COM, with little in exchange to the MLS that provide it the data that made it what it is. REALTOR.COM should be required to carry all our photos and links to virtual tours.   -sunil   SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536 Main 510 200 0505 / Cell 510 388 2436 / Fax 510 431 9046     My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com      My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766  

I was hoping to buy a property today that I’d been watching. It had been delayed last week, and thought it would go on the block for sure today, but the lender delayed it for another month.   I don’t get why the lenders are delaying foreclosing on this property after already deciding to foreclose, since they denied the short sale.   -sunil  

I was thinking after the holidays, the lenders might lose their soft heart or patience with various plans to keep home owners in their home. As I've mentioned before if we don't start seeing more inventory this quarter, I don't see why it'll change later for buyers. On a positive for buyers, I did see two examples of short sales attempted and rejected by the lender. One of which should be going to sale today. There are still a lot of buyers, who’d like to buy while mortgage interest rates are low. The Obama administration needs to let the natural foreclosure cycle happen and let buyers into homes who can afford to make the payments on their mortgages. An example of a property that should have been foreclosed on months earler: There was one up for sale today in Southwycke Ter., Fremont. The home is vacant, and by the looks has been vacant for a long time. The roof is leaking and the water has caused mold to set in. The home is being neglected and should have been forecl

I usually just look up API scores from the state site, but these fact sheets from schoolwise provide additional information like class size, how the students fared compared to other students in the county and state on math, science & English), and percent of parents who attended/went to college.   Check out your child’s school report card. They’re pretty cool.   Fremont Unified Schools http://fremont.schoolwisepress.com/home/     -sunil   SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536 Main 510 200 0505 / Cell 510 388 2436 / Fax 510 431 9046     My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com      My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766  

Just announced by the California Association to REALTORS     A smarter way to screen your rental applicants. TransUnion SmartMoveSM is a web-based solution that provides independent landlords with access to the same screening tools used by the largest property management groups.  TransUnion SmartMove lets you offer renters more data privacy because they provide their personal identifying information directly to TransUnion, a trusted credit reporting company that safely houses data for more than 500 million people worldwide. It’s fast, convenient and now it’s available to C.A.R. members at a special rate of just $20 per screening, a 20 percent savings! Visit http://car.mysmartmove.com to register and get started.   -sunil   SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536 Main 510 200 0505 / Cell 510 388 2436 / Fax 510 431 9046     My Bio: http://sunilsethi.

It's nice to be an Alumni of two world class MBA programs. LBS just got ranked #1 MBA program in the world.   http://communications.london.edu/go.asp?/bLBS001/m5LBNR1F/u1IQHH/xGP9XR1F   Nice job guys! I loved the program, and student interaction there. Cheers,   Sunil

If you haven’t been to the newest San Francisco Museum, here’s your chance.   More info here http://www.calacademy.org/docs/heroes/teachers.html     -sunil   SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536 Main 510 200 0505 / Cell 510 388 2436 / Fax 510 431 9046     My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com      My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766  

Here’s the new rules:   As part of the plan, FHA is increasing up-front mortgage insurance premiums paid by borrowers from 1.75 percent to 2.25 percent. The change will go into effect “in the spring,” the agency said. FHA has also requested legislative approval to raise the maximum annual premiums that FHA can charge. If this authority is granted by Congress, then the second step will be to shift some of the premium increase from up-front to the annual fees assessed. FHA says this shift will allow it to increase capital reserves with less impact to the consumer, because the annual premium is paid over the life of the loan instead of at the time of closing. Changes are being made on the seller side of the equation, as well. Beginning this summer, the amount that sellers can kick in – typically in the form of closing costs – will drop from 6 percent to 3 percent of the home’s value. FHA says the current level exposes the agency to excess risk by creating incentives to inflate a

I coached my daughter’s team last year, and would love to continue if only she would.   ---------------------------------- UCYSL cordially invites all boys and girls, ages four and older to have fun this Spring playing soccer!!!  The Spring soccer season runs from April to June.   SPRING SOCCER SIGN UP DATES Friday January 22        6:30-9:30pm Saturday January 30   11:30-3:30pm Saturday February 6   11:30- 3:30pm     Mountain Mike’s Pizza Union Landing 32170 Dyer St. Union City (next to Chili’s) PLEASE BRING: Copy of player’s birth certificate or passport Only $110 per player & $90.00 for siblings, there after.  (Includes uniform.) * Volunteer Coach's child will play FREE!!   For more information or questions please visit our website at www.UCYSL.org or contact us at (510)714-4703   * Limit one child per volunteer coach  

In this article CNBC discusses how big banks ask agents and borrowers to commit fraud by not informing the 1st lien holder of payments being made to the 2nd lien holder outside of escrow.  Here's the link to the article: Big Banks Accused of Short Sale Fraud - CNBC I personal experienced this twice. Once with National City as the 2nd lien holder. T he bank representative (Sharon) suggested that either I or the borrower wire money to them a day prior to close and they would "ok " the transaction. I asked her, wouldn’t it be fraud if it wasn’t on the HUD-1, she said it was legal and thta they did this all the time. I told if she could get her corporate attorney to write a letter saying it’s legal, we’d consider it. Never got the letter. The seller and I agreed to not participate and let the 1 st lien holder foreclose on the property. The second time I experienced this was was on a short sale with Wells Fargo as the servicer for both the 1st and 2nd loans. Again the

Yesterday, was day one of the Financial Crisis Inquiry Commission’s probe into what caused the near collapse of the financial system in the fall of 2008, Goldman Sach’s Chairman, Lloyd Blankfein, stated the following in the hearing:   I do think the behavior is improper. We regret the consequence that people have lost money in it, but he said his company had no legal obligation to disclose that its executives were shorting the securities they were selling , adding that the firm’s clients were “professional investors” with an appetite for risk. “I felt good about it.   If you only do what the law dictates, then he’s saying he can’t tell right from wrong, without his mother/father telling him so. There’s no way the government can nor do we want them to create a law for every permissible action or inaction. A simple fiduciary responsibility exists when you advise clients, and Mr. Blankfein doesn’t understand that.       -sunil   SUNIL SETHI REAL ESTATE My Bio: htt

I’m looking at a short sale in Eden Shores today.   It was purchased with a loan of $583K in Jan 2004. Then they did a cash-out refinance for $638K in 2005. Then in 2006 they refinanced again for $760,000. And in 2007 take a $47,000 2 nd mortgage.   The owner’s obviously knew what they were doing, the banks could see what they’re doing. Who’s the most at fault in this scenario, the supplier or user?  In this case, I say it’s the user. They knew exactly what they were doing.     -sunil       My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com      My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766  

New just announced they still have space in their mid, full year kindergarten program that starts in February. See full press release below. -sunil -----Original Message----- Subject: New Haven News Release: Mid-Year Kindergarten MID-YEAR KINDERGARTEN STARTS IN FEBRUARY UNION CITY (Wednesday, Jan. 6, 2010) – For families of children who were not quite old enough to attend kindergarten when the 2009-10 school year began, a few openings still exist in the New Haven Unified School District's mid-year, full-day kindergarten program that starts in February. To be enrolled in regular kindergarten in 2009-10, a child must have been born on or before Dec. 2, 2004. For children born between Dec. 3, 2004, and March 19, 2005, the District will offer the mid-year kindergarten program beginning Feb. 1 and continuing through June 17. Class will begin at 8 a.m. each day and be dismissed at 2:05 p.m. The program will be offered only at the Cabello Student Support Center, 4500 Cabello St. There

Sounds cool.   But I’ll be sticking with my Blackberry for a while longer.   Not about to go to T-Mobile and my biggest reason for returning my iPhone was that it was easier to read and respond to emails on the Blackberry, and secondly because I had too many disconnected calls on the iPhone (check touching screen).    Also my next phone needs to be low-radiation, too compensate for my current bold being over radioactive.   Read about the new Nexus one here http://wirefly.com/learn/wireless_news/google-nexus-one-recap-faqs/?r=wireflymobiler&refcode1=TEW_nye_10504&zipcode=[~zip~ ]     -sunil   SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE 38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94538 Main 510 388 2436 / Fax 510 431 9046     My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com      My blog: http://fremontrealestate.blogspot.com/ LinkedIn: http://www.link

Dude you’re about 6 years to0 late. Now you’re behaving like Standard & Poors. Speaking of which, why does anybody give a hoot what they think the credit worthiness of any entity is. Why aren’t they already out of business. Arthur Andersen was shut down for far less damage than that caused by Standard & Poors and it’s buddy Moody’s.   Read more about Fannie’s guidelines here: http://www.dsnews.com/articles/fannie-mae-raises-lending-criteria-2009-09-28     -sunil   SUNIL SETHI REAL ESTATE My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com   LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766  

Though the executive was eventually fired for making use of the repossessed property while it was withheld from the for-sale market, all the bank really needed to do was to charge a rental fee for the use or report that amount as income to him.   He’s obligated to pay the tax on the benefit.   Read about it here. http://www.dsnews.com/articles/partys-over-wells-fargo-sacks-exec-who-squatted-in-malibu-mansion-2009-09-15     -sunil   SUNIL SETHI REAL ESTATE     My Bio: http://sunilsethi.com/about_me.htm Personal: http://www.sunilsethi.com   LinkedIn: http://www.linkedin.com/in/fremontrealtor CA DRE#: 01173766