Trustee Foreclosure Sales
I am not a foreclosure expert, but I have received training from Alain Pinel Realtors that empowers me to represent buyers of distressed properties. As I have previously noted on this blog, Saratoga, Monte Sereno and Los Gatos are now experiencing some distressed property sales, but they are generally random…
Things are Looking “UP” for Unemployed Homeowners
As of Aug. 1, 2010 home mortgage servicers participating in the federal government’s Home Affordable Modification Program are required to implement the Home Affordable Unemployment Program or “UP“. This new program provides eligible unemployed homeowners a temporary period during which their regular monthly mortgage payment is reduced or suspended, which…
Distressed Property Educated Buyers Agent
Short sales, (sales of homes for less than the amount of their outstanding mortgage debt) have tripled since 2008, particularly in California, according to a recent article in the Los Angeles Times. The number of transactions rose to more than 160,000 in 2009 from roughly 96,000 in 2008, with more…
SPC Saratoga Community Garden
Summer garden harvests in Saratoga are abundant. Today I harvested 4 bags of tomatoes, one bag of beans and a bag of squash, which were grown specifically for distribution to Family Supportive Housing in San Jose. This first year the SPC Community Garden is being tended entirely by members of…
Bollywood Saratoga
The Indian community in Saratoga, CA is vibrant and growing. August 21, 2010 from 6PM to 9PM the Saratoga Village Development Council sponsored a Bollywood Dance on Big Basin Way, featuring three classsic Bollywood dance performances and a DJ music parking lot dance at Bank of America.…
Big Basin Vineyards Tasting Room Opening
Image of Big Basin Vineyards via Snooth Big Basin Vineyards is having a grand opening of their new tasting room today at 14598 Big Basin Way, Suite B, Saratoga, CA 95070 (left of Cinnabar Winery Tasting Room). Big Basin Vineyards is know for it’s Syrah with it’s Coastal Vineyard located…
Los Gatos and Monte Sereno Foreclosures
Los Gatos and Monte Sereno, CA (zip codes 95030 and 95032) have a relatively small percentage of homes in foreclosure, compared with other parts of Santa Clara County, but are not completely immune from the ravages of the economic downturn. There are currently (Mid August, 2010) only 11 Los Gatos…
Low Mortgage Rates Expected to Remain Flat Until Fall
John Shapiro of Private Mortgage Advisors (affiliate of Wells Fargo Mortgage) forecasts that “I think we will see flat rates at these levels until the fall. At that point I would expect a seasonal increase but not a dramatic one. Rates won’t dramatically rise until unemployment improves markedly.” John also…
Los Gatos, CA Interactive GIS Maps
I love interactive maps and potential homebuyers can get lots of important information online at the official Los Gatos City website about property they are considering purchasing. Â You can search by street address or assessors parcel number and get maps showing topography, zoning, general plan designation, buildings, lot size and…
Low Mortgage Interest Rates and New Super Conforming Loans
Mortgage interest trends suggest that now might be a good time to be a home buyer in terms of affordability and risk: Low Interest Rates - Average rate on a 30 year fixed conforming nationwide ended this week at 4.57%, which is another all time low for the fourth consecutive…
Strong Saratoga Sales in $2-3 million Price Band
Saratoga, CA has seen good real estate sales activity as well as new listings over the past 7 days: New listings: 10 List price decreases: 3 Pending contingent sales: 6 Sale pending: 4 Closed escrows: 2 Earlier, the mid-upper market priced from $2-3 million was slow, but this reversed this…
Foreclosures in Saratoga, CA
Foreclosure home are not a significant part of the real estate market in Saratoga, CA 95070. However, there are currently 2 REO (real estate owned) and 9 short sales properties available for sale on the multiple listing service. The low end of the distressed market in Silicon Valley has been…
