by Leila 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 Leila 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 Leila 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 Leila Mortaz | May 22, 2011 | Home Seller Tips, REOs, Short Sale Expert Advice
We just came across a clear case of Short Sale Fraud where a Listing Agent got a homeowner to list their Home headed to a Trustee Sale in 10 days as a selling Short; knowing full well that there is equity!? Here’s the full story: We recently got a call from a...
by Leila 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 Leila Mortaz | Oct 25, 2010 | REOs, San Jose Short Sales, Short Sale Expert Advice, Short Sales
I was flying back from Atlanta this Friday with Delta Airlines when I got my latest shock and joy of commercial air travel!! The nasty flight attendant grabbed my computer bag and instructed me forcefully that I am NOT allowed to put more than 1 bag above my seat! I...
