by Leila Mortaz | Nov 23, 2013 | REOs, Short Sale Expert Advice
Buying a Short Sale home is NOT for the faint of heart cause there are too many moving parts including a lender who could be trying to foreclosure on the property and a stressed seller who might NOT be sharing all of their plans with their listing agent. So, if you...
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...
