by Leila Mortaz | Jun 14, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Buying Short Sale Homes is not for a faint of heart since there are more moving parts than a typical purchase from a seller. The Short Sale approval process is a convoluted process tangled in legal and compliance requirement of banks who are holding this property as...
by Leila Mortaz | Jun 10, 2013 | Home Buyer Tips, Los Gatos Fixer Upper, REOs
As we all know banks are not in the business of managing properties. So, after the Real Estate crash of 2006 some banks reached out to these Asset Management companies to help them with the task of liquidating millions of Real Estate assets which they were going to...
by Leila Mortaz | Jun 10, 2013 | Home Buyer Tips, Home Seller Tips, Real Estate (Residential), REOs
Lost in the euphoria associated with double digit increase in home values, are the critical reasons why the US Housing Recovery in more than 48 States can NOT be a good indicator of the overall heath of the US economy. Let’s explore an example: We recently...
by Leila Mortaz | Jun 9, 2013 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper, REOs
Bank reposssion of homes are not restricited to the low-end homes. REOs happen on luxruy homes as well. In 2011 we were excited when we were assigned a Bank Owned (REO) property. This home was located in Los Gatos and qualified as an ideal Los Gatos Fixer Upper...
by Leila Mortaz | Jun 9, 2013 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper
Recently I talked to a neighbor who has a fixer upper home in Los Gatos for sale. Our educated guess was that Fair Market Price of the property should be around $1.2M since the interior of the house is simply not up to today’s standards with 2 very small...
by Leila Mortaz | Jun 8, 2013 | Home Buyer Tips
Los Gatos is a small Town with a historic downtown on neatly sandwiched between Silicon Valley and the Santa Cruz mountains. Los Gatos schools enjoy a wonderful reputation among the top schools in Silicon Valley which has a direct influence on the housing prices in...
