by Leila Mortaz | Jun 11, 2013 | Home Seller Tips, Los Gatos Fixer Upper, Property Management, REOs
It was early 2005 when we started performing Broker Price Opinions for Banks and Asset Management companies! The market was still booming but after several high flying Sub-prime lenders folded, we started focusing on becoming REO Listing Agents. We had no idea...
by Leila Mortaz | Jun 11, 2013 | Home Seller Tips, Property Management, REOs
When banks anticipated the foreclosure of millions of properties, after the Real Estate crash of 2006 they reached out to Asset Management companies to help them with the task of liquidating these assets using Realtors as un-paid Property Managers!! The role of...
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 4, 2013 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper, REOs
[soliloquy id=”3143″]In 2012 we had an San Jose Fixer Upper REO assigned to us for sale. This Single Family home with 4 bedrooms and 2 bath was located in the Blossom Valley zip code of 95123! We were excited with the assignment of the REO, but our...
