Where are the Short Sale and REO Listings?
May 9, 2012
The Santa Clara County real estate market has been affected by the short sales and bank owned REO (Real estate Owned) like other areas and currently my monthly research shows that we have been at a approximately 20% short Sale to 10% REO range, leaving approximately 70% to be regular sales. With so much negative news about the bad real estate markets throughout the nation, I find that this can be a big shift in what the general public 
perceives of our local market. That said, I am still helping many clients avoid foreclosure and complete a short sale with great success and did a quick research to see where most of the short sales and REOs are, and, no surprise, it is in the lower priced properties. The lower priced homes and buyers have unfortunately been hurt the most from this financial catastrophe that we have been mired in for the past seven years and many experts predict it will still take a couple more years to sort out these properties. The Santa Clara County short sales still needs help and we are ready to help so contact me for a free consulation and find out your options today. No one should have to get a foreclosure if you have any number of hardship qualifications.
James Endo
Broker, ABR, CRS, SRES, CDPE
CDRE #00993009
Serving Silicon Valley Since 1987!
Helping you make the right decision when it matters most!