Fremont Real Estate Blog

Positive news, FHA home buyers will continue to have the opportunity to buy flipped properties.  Flipped properties are healthy for the real estate market as quality flips help bring up home values.  Flipped properties are homes purchased with the intention of reselling it in a short period of time, often fixing up what’s needed to get it to move in condition or better.  Flipped homes are revitalized and sell for more than in fixer upper condition, raising home values and the condition of the neighborhood.  While your first impression may be that this is great for existing home owners and investors, but it also benefits FHA buyers.  These flipped homes give FHA home buyers the opportunity to purchase move in condition houses, when they don’t have the reserves or resources to fix up a home themselves.  Buyer taking FHA financing, often allocate a good portion of their savings towards their down payment and don’t necessarily have a budget to...

Wishing everyone a Safe and Happy New Years!   -Steven   Wednesday December 28, 2011, 1:08 PM Fremont Police Department (CA) Community: New Years Eve is a big night for celebrations and your safety is our number one priority. Please follow these tips.. Are you hosting or attending a New Year's Eve party? Following a few simple guidelines could prevent a tragedy: • Plan ahead by naming a "designated driver." Make this your responsibility. Remember that buzzed driving is drunk driving. • Contact a local cab company to provide rides for you and/or your guests. • Take advantage of the special late night service BART is offering http://www.bart.gov/news/articles/2011/news20111212.aspx • Serve non-alcoholic beverages as an option. • Make sure you have plenty of food on hand. • Stop serving alcohol to your guests several hours before the party ends. • Provide your guests with a place to stay overnight in your home. • Take the keys from someone if you think he/she is too imp...

Actions on Housing Policy Will Make or Break Recovery On December 22, 2011 We have many reasons to be optimistic about housing. Past-due mortgages and foreclosure filings have been trending down in recent months, not to mention inventory is decreasing, interest rates are lower than ever and home prices are stabilizing. But the progress is fragile, and ongoing recovery won’t be helped by unreasonable regulation. The only appropriate focus for legislators is helping families who are struggling right now and doing whatever it takes to keep properties out of the REO market. Recent steps to provide distressed homeowners with more viable alternatives to foreclosure, such as easier refinancing through the Home Affordable Refinance Program (HARP), and ongoing streamlining of short sales by major lenders, are important steps in the right direction—and at the right time. Lawmakers have the power to either continue helping or risk hurting the economy with their decisions on housing. It...

From DS News : Study Finds 38% of Homes Purchased in 2011 Bought with Cash Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence. Analysts with the company say between tight lending standards and a desperate search for yield by investors, cash purchases of homes – particularly for distressed properties – are becoming more common. The company's study found 38 percent of homes purchased in 2011 were bought with all cash. » Read More     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools.     Property Search | Featured Listing | Neighborhoods  

How can you not require the ability to repay to be part of the underwriting.   Form DS News   Fannie Mae Removes 'Ability to Repay' from HARP 2.0 Guidelines Fannie Mae has updated its Selling Guide to reflect the recently announced changes to the Home Affordable Refinance Program (HARP). Most of the revisions were previously disclosed in November, but there's one nuance that stands out. Fannie Mae has removed the "reasonable ability to repay" clause from the criteria for vetting borrowers for a new HARP loan. Analysts say the subjective ability-to-pay requirement was one of the significant hurdles to HARP refinancing. » Read More     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools.     Property Search | Featured Listing | Neighborhoods  

These homes were sold at the Alameda County Courthouse steps.   These properties were foreclosed on and will become tomorrow’s REO and Flips for sale in Fremont, Newark, Union City, Hayward, and other parts of the Alameda County. They will eventually be listed on a MLS and resold. If you are interested in buying these let us know.   Nothing interesting to buy today if your focus is in the Fremont, Newark or Union City.       SUNIL SETHI REAL ESTATE Fremont Real Estate    

It does feel like sales were at a good pace last month, however December might e slower because there is less to sell.   From DS News Existing-Home Sales Rise in November Existing-home sales rose again last month, according to data released Wednesday by the National Association of Realtors (NAR). That assessment, however, is coming off of lower sales numbers than previously thought, reflecting revisions to NAR’s data going back to 2007. The trade group has adjusted sales and inventory figures for the last four years downward by 14.3 percent. NAR’s latest monthly report shows sales of previously owned homes increased 4.0 percent to an annual rate of 4.42 million in November from 4.25 million in October, and are 12.2 percent above the 3.94 million-unit pace in November 2010.     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools.     Property Search | Featured Listing | Neighborhoods  

We definitely feel.  Investors are very active in the under $300k mkt   From DS News REO Properties Are Moving Faster: Survey Homebuyer demand appears to be intensifying, especially among lower-priced REO properties, according to an industry study released Tuesday. Time-on-market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to the HousingPulse survey. Time-on-market for damaged REO was even lower at 9.0 weeks, also the lowest in 15 months. The HousingPulse survey polls approximately 2,500 real estate agents nationwide each month to assess market trends surrounding homes sales. » Read More   - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. DRE #01173766, #01729474     Property Search | Featured Listing | Neighborhoods  

If everyone had cake to eat, we wouldn’t care about politicians misguided behavior.   From DS News Politicians Allegedly Participated in Countrywide's VIP Loan Program Rep. Darrell Issa of California sent a letter to the chairman and ranking member of the Committee on Oversight and Government Reform to inform them that he has found evidence that four current members of the House of Representatives received loans through a VIP loan program that has been under investigation since 2008. The loan program was operated by Countrywide as the "Friends of Angelo" program, named for CEO Angelo Mozilo. » Read More     - sunil   SUNIL SETHI REAL ESTATE     Property Search | Featured Listing | Neighborhoods  

From Disclosure Source a provider of NHDs San Bruno Pipeline Explosion -  A Year Later Real Estate Advisory - Gas Pipelines The September 2010 explosion of a gas pipeline in San Bruno was a terrible disaster and it greatly increased the public's awareness of the potential dangers associated with underground pipelines. However, government policy has not established pipeline disclosures in a real estate transfer. Consider the following: 1. The State of California has since enacted five new laws to strengthen pipeline safety; however, official disclosure of pipeline proximity in a real estate transfer has not been addressed by California law.   2. Congresswoman Jackie Speier earlier this year introduced the National Pipeline Safety Bill that, among other suggestions, will prescribe minimum standards to require the owner or operator of a pipeline facility to notify all owners and residents of the location of a transmission line and how to obtain a map of the pipel...

These homes were sold at the Alameda County Courthouse steps.   These properties were foreclosed on and will become tomorrow’s REO and Flips for sale in Fremont, Newark, Union City, Hayward, and other parts of the Alameda County. They will eventually be listed on a MLS and resold. If you are interested in buying these let us know.   What’s interesting today is that 1998 Sioux shows on the MLS as having sold on 12/12/11 for $945,000 but supposedly they had auctioned it off today to another bidder for $632,537. There’s definitely something messed up on the banks systems. I’m guessing here of course, but most likely the bank will have to rescind this sale, as it looks like have been paid back already and didn’t have authority to take this to sale.   Also 43519 Puesta Del Sol, Fremont is a beautiful property off of Ocaso Camino in Fremont’s Mission San Jose District. It was sold to the bank, but was subject to some very large IRS liens...

3 must-knows before backing out of purchase contract REThink Real Estate By Tara-Nicholle Nelson Inman News® Share This Q: I have a contract on a home to purchase, but I have changed my mind. Can I back out prior to the closing without any penalty or repercussions? A: That, as it so often does, depends. First: the formalities. Depending on your state, it's highly likely that the real estate purchase contract you signed offers some sort of an out, with conditions. In some states, these are known as contingencies -- basically, contractual provisions that allow the buyer to back out of the deal within a set number of days. These provisions usually also give the buyer the access and opportunity to have the property inspected and appraised, to have her loan underwritten, and to undo the deal, without penalty, if her loan is not approved or the property condition does not meet her standards within the agreed-upon contingency period (usually around two weeks, plus or minus a couple of da...

These homes were sold at the Alameda County Courthouse steps.   These properties were foreclosed on and will become tomorrow’s REO and Flips for sale in Fremont, Newark, Union City, Hayward, and other parts of the Alameda County. They will eventually be listed on a MLS and resold. If you are interested in buying these let us know.   Two went to sale today in Fremont. Only one was sold to an investor and the rest to the Bank. When the banks take in the property they generally don’t do as good a job rehabbing  (if any). It takes them longer to get a property to market, and they do a poorer job marketing. If more were sold to investors, you’d see home prices rebound faster.         SUNIL SETHI REAL ESTATE Fremont Real Estate     Property Search | Featured Listing | Neighborhoods  

Everything today was sold to the BANK. Everything was overpriced.   These homes were sold at the Alameda County Courthouse steps.   These properties were foreclosed on and will become tomorrow’s REO and Flips for sale in Fremont, Newark, Union City, Hayward, and other parts of the Alameda County. They will eventually be listed on a MLS and resold. If you are interested in buying these let us know.   34901 Oyster Bay Ter, Fremont, CA is probably the best new addition to the bank’s holdings.     SUNIL SETHI REAL ESTATE Fremont Real Estate    

These homes were sold at the Alameda County Courthouse steps.   These properties were foreclosed on and will become tomorrow’s REO and Flips for sale in Fremont, Newark, Union City, Hayward, and other parts of the Alameda County. They will eventually be listed on a MLS and resold. If you are interested in buying these let us know.   Most interesting was the union city Blvd sale. This is a mixed unit property, which is impossible to get financing for. However for a cash buyer it could offer term a 6-8% cash-on-cash return.       SUNIL SETHI REAL ESTATE Fremont Real Estate    

  Wednesday December 14, 2011, 9:14 AM Newark Police Department CA Newark Police Department Community: Holiday Package Delivery Crime Prevention Tips Hi Steven Fong, Don't let some Grinch ruin your Holiday! Here are a few safety tips you can take to better protect yourself if you are expecting a holiday package Delivery. • Always retrieve packages (and mail) as soon as it arrives. If you aren't going to be home to receive the package: • Send the package to the residence of a trusted friend or relative who you know will be home. Be sure that the friend is ready and waiting to retrieve the package when the doorbell rings. • Ask the package delivery company to hold the package if you will not be home (many have local delivery centers). While we can't promise that this service is available, we do know that some companies will hold a package for up to five days. • Request that your package is marked "signature required." This requires the delivery person to stand by an...

These homes were sold at the Alameda County Courthouse steps.   These properties were foreclosed on and will become tomorrow’s REO and Flips for sale in Fremont, Newark, Union City, Hayward, and other parts of the Alameda County. They will eventually be listed on a MLS and resold. If you are interested in buying these let us know.     SUNIL SETHI REAL ESTATE Fremont Real Estate    

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