by David Mortaz | Apr 19, 2013 | Home Buyer Tips
In today’s ultra competitive Real Estate market where buyers are competing with Cash investors it’s critical to have your finances in order prior to starting your home search. In fact, most buyers wrongly assume that because they anticipate a good FICO...
by David Mortaz | May 3, 2012 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Today was the 3rd time that a leading Asset Management company sent us to our REO listing to confirm that Trash Service! And like the previous 2 times, there is NO trace of any work being done! And since there is no one accountable in the food chain, these delays and...
by David Mortaz | Aug 4, 2011 | Home Buyer Tips, Los Gatos Fixer Upper, REOs, Silicon Valley life style
According to Mercury News reporter Pete Carey, during June 2011 close to 60% of residential transactions in Silicon Valley were Cash buyers! This jives with our own experience where we are writing more offers for Cash buyers than Contingent offers (buyers w loans)....
by David Mortaz | Jun 9, 2011 | Home Buyer Tips, Real Estate (Residential), REOs
We recently represented a buyer who wanted a purchase a Fannie Mae owned property located in San Jose California for rehab and resale. After waiting 2 week, Fannie Mae finally accepted our CASH offer; but shocked us with horrendous deed restrictions and limitations...
by David Mortaz | Jan 25, 2011 | Home Buyer Tips, Home Seller Tips, REOs, Short Sales
As if the Wall Street cowboys had not done enough damage to this economy, I was so shocked to find out that the SAME banks are now selling the SAME house twice!! Yes, it’s true. Even our trusted Escrow Officer that they are seeing banks selling the SAME house...
by David Mortaz | Sep 30, 2010 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
I recently saw a Trulia question from a buyer who was wondering why the price of a Los Gatos property was listed so low. There was typical answers about the locations, proximity to train tracks, school district….etc. But no one had considered the unlisted...
