by Leila Mortaz | Jun 2, 2013 | Home Seller Tips, Los Gatos Fixer Upper, REOs
[soliloquy id=”2924″]When we got the call from the REO department of a major US bank to market a large Single Family Home we had no idea that the property was vandalized by the previous owners which made this a Million Dollar Los Gatos Fixer Upper REO!!...
by Leila Mortaz | May 17, 2013 | REOs
Buying a Bank Owned (REO) property is a purchase from an institutional seller and is very different from buying from a private seller. For starters you are NOT negotiating with the bank directly and there are 2 entities between you and the bank. One is the REO...
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...
