Fremont Real Estate Blog

Because the banks may not have not crossed all their “t”s and dotted all their ‘I’s in doing some foreclosures, lawyers are finding a way to extend the period of time an owner can stay or their property. The owners will still be eventually foreclosed upon, and this action will only result in lining the pockets of some lawyers and raising the transaction cost for future home buyers. Old Republic Will No Longer Insure JPMorgan and GMAC REOs Even more questions about the legality of foreclosure proceedings have prompted Old Republic National Title Insurance to decide it will no longer insure titles to homes foreclosed by JPMorgan Chase and GMAC Mortgage. Chase and GMAC both halted foreclosure sales in 23 states and are reviewing legal filings that they say may have been signed without a notary's presence or without verifying the supporting documents. SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE 38750 Paseo Padre Pkwy Suite B3 / Fre...

Notices of Default in high-end zip codes are running higher than lower priced neighborhoods. More here: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/11/08/MNMC1ABRBC.DTL&feed=rss.business -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA / 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.linkedin.com/in/fremontrealtor CA DRE#: 01173766

http://www.dsnews.com/articles/delinquencies-foreclosures-at-record-highs-with-shadow-inventories-looming-lps-report-2009-11-10   There’s a been a lot of talk since May of this year of banks supposedly holding onto REO (bank owned properties), and of them selectively releasing this inventory to somehow control pricing. I think that’s a bunch of crap. These bankers are generally risk averse, and would dump their inventory prior to another bank dumping theirs. However I do see that the number of properties auctions that are postponed exceeds what would be considered normal. Probably more than 90% of auctions are postponed. Why? Well after discussions with Senior Vice Presidents of Wells Fargo and attorneys and others involved in short sale negotiations, at the California Association of Realtors (CAR) Show about 4 weeks ago, I learned it’s because the Obama administration has encouraged (coerced) the banks to try to make a loan modification work. My guess is ...

The under $400k market is still bustling. The multiple bids started around February when rates were at their lowest, and I thought it would have cooled down by now, but it hasn't. Inventory of homes available remains low. The number of bids a h0mes gets is anywhere from 5 to 40. I was looking at a home in Union City's Pioneer district priced at $339,000. While I was waiting for my client to show up, another buyer asked if I could let them in. I said, sure. As soon as I walked in, I recognized immediately the property was a money trap, and possible health hazard. I said, I wouldn't let my buyer purchase this property. Besides the stench of urine and feces , the property needed a new kitchen, new bathrooms, wood on the exterior in many spots, new flooring, possible a new roof (based on the water marks on the ceiling), and I'm certain the pest report would have plenty of items. This buyer however was adamant it was worth at least $350,000 in it's current condition. I...

The press keeps talking about the excess inventory of homes, but really if your looking for example a 4/2 with min 2000 sqft, there's very few homes worth considering in San Ramon, Pleasanton or Fremont. At best I find 1-3 homes on the market that I would consider having my clients bid on in any week. The remaining homes are next two freeways or major arteries, or a neighborhood that isn't well kept. I was told that 36 Canyon Hills which is in a beautiful gated community received 22 offers. A big part of that was related to it's low ball price of $585,000, but other factors included that lack of alternatives.

this looks like the most interesting property based on size, condition and price offered. 20 BALTUSROL CT SAN RAMON https://www.dataexchangesystems.com/ call me if you'd like to buy this property, but feel free to find out more first.

I'm working with buyers looking in Glenmoor , Irvington , San Ramon, and Pleasanton , and we're having a hard time finding properties that fit their needs. In fact inventory seems to be shrinking not expanding in the desirable neighborhoods.

both of these are great opportunites if you are looking for great schools associated home priced under $550K. Click Here to View Listings 3105 KITTERY AVE, San Ramon $549,990 Just came back on the market 6873 HEATH CT, Pleasanton $558,000 Just had a price change

I saw two fantastic properties in san ramon yesterday. Fantastic neighborhoods. Excellent schools. And priced aggressively. Call me to find out more.

I'm always looking for bargains in good school districts. I saw a beautiful home in San Ramon's Windemere community with almost 3900 living space asking $950,000. It's bank owned. This will go fast. call me if you're interested.

last week I saw a lot of buying opportunities in REO properties. I saw two listings in Danville, that were asking under $225/sqft. The asking prices were $780k and $800k. These properties both needed about $30k of work, but fixed up were worth about $900k. I also saw some bargains in San Ramon, that were short sales and REO. One in a beautiful gated community, with views of the hills ask $530k, another in Windermere which is asking $482k, but I'd offer $450k. Union city - in the low end has reached bottom. You can get a 2/1 for under $200k and a 2/2 for $200k. Fremont is only offering bargains in select segments, like 2/1 units. for under $300k in prime locations. However the 2/2's are relatively overpriced. I'm also seeing great opportunities in Temecula, CA - I'm always looking here for investment properties. You get a much higher rent per sqft $.

The following properties had a price change in the last 72 hours. Building Type Price Address City State Bedrooms Baths Baths Partial Condo $299,900 8975 ALCOSTA BLVD. SAN RAMON CA 1 1 0 Condo $359,888 38680 COUNTRY TER FREMONT CA 2 2 0 Condo $379,950 3849 BROCKTON DR PLEASANTON CA 2 1 0 Condo $459,999 39251 WALNUT TER FREMONT CA 2 2 0 Townhouse $460,000 5568 MAGNOLIA TER FREMONT CA 3 1 1 Townhouse $555,000 38779 CRANE TER FREMONT CA 2 2 1 Townhouse $639,888 2971 WILSON CMN FREMONT CA 3 2 1 Detached $749,000 2402 MILFORD DR SAN RAMON CA 4 2 1 Lots and Land $799,000 2529 YOLANDA COURT. PLEASANTON CA Detached $1,035,000 767 Pradera Way SAN RAMON CA 5 3 0 Detached $1,999,000 656 Varese Court PLEASANTON CA 6 4 2 Detached $8,500,000 2952 West Ruby Hill Drive PLEASANTON CA 6 7 2