Is a New Wave of Foreclosures About to Hit the Bay Area?

Here is the back and forth recent email between a mortgage broker and an REO Sales Rep at one of the big banks in the area:

Mortgage Broker: What’s the status of this property…

REO Sales Rep: …  Just wanted to give you a heads up…. It’s starting to get busy.

Mortgage Broker: Did you release some homes?

REO Sales Rep: I know we got more than usual back today. I spoke to another team and they got a bunch back yesterday too. So it looks like the ones that have been trying to get modified are finally going to sale.

Mortgage Broker: So you get them pre foreclosure and then have to do cash for keys?

REO Sales Rep:  No – We get them post foreclosure. There have been a lot of postponements because we are trying to modify. 80% of the modifications are going to come back. After the sale date (at courthouse steps), we hire Realtors to check the property for vacancy. 50/50 chance that the prop is vacant. If not vacant we try to negotiate cash for keys… If that doesn’t work – we evict. Which can take a whole year sometimes

The Banks Love You

Reading the media ads and coverage would have us believe that the banks love us and are bending over backwards to help homeowners. Does anyone seriously believe that the senior staff at any of the big banks are sitting around talking about how to help homeowners? A quick reality check will tell you what they are discussing – raising your credit card interest rates, adding more fees to their services and canceling or lowering credit.

Why are banks modifying loans that are going to come back to them in foreclosure? As the old adage says – follow the money. After all, that is what the execs are really discussing – how to have the general public bail them out and return them to profitability.

Too cynical? I think not.

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Local Danville & San Ramon Real Estate Brokers talk about LOCAL Real Estate

The Great De-Leveraging

Michael Tacconi, Vice President of the Real Estate Marketing Association representing Alamo, Danville and San Ramon, California, hosted a panel discussion today which included local real estate brokers Vance Smith, Jerry Stadler, and Evelyn Walker.

Upper-end Price Correction Coming

Is There a Tsunami of Foreclosures Coming Our Way?

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Harper Mees & Associates Spotlighted in Keller Williams Newsletter

Danville Agent Spotlight – from a recent edition of the KW newsletter.

Harper Mees & Associates is a partnership comprised of five principals and several support staff which includes Tracey & Craig Harper (husband & wife), Ginny & Paul Mees (husband & wife) and John Harper (Craig’s brother). The team was born out of the business philosophy presented in Gary Keller’s book The Millionaire Real Estate Agent that lays out a distinct plan and road map on taking your real estate business to the next level.

Craig explained that the two teams (The Harper Team and The Mees Team) came together as a result of recognizing that we had similar business goals and similar marketing and operational strategies yet our skill sets and expertise were varied and diverse. Recognizing that having a team of Realtors who had the variety of skills necessary to run their own real estate business individually, yet were each specialized within certain areas, made for a very synergistic business relationship.

The two teams came together almost two years ago and have repeatedly won numerous awards including Top Listing Team and Top Producing Team. In addition to being Realtors, several of the team members are certified as Luxury Home Specialists, Real Estate Collaborative Specialist in Divorce (RCS-D), and Certified Pre-Foreclosure & Short Sale Specialist (PSC).

It is this team spirit that is not only part of Harper Mees & Associates, explains Tracey Harper, but is so prevalent within the Keller Williams corporate culture. We believe the old adage that “together we achieve more” and have incorporated this philosophy into our value statement: “Our TeamWork Makes Your Dream Work…Guaranteed!”. The team has become recognized as an innovator and leader in online marketing and pursuing new technologies and marketing strategies in representing clients in marketing their homes and helping buyers find their dream homes.

In addition to their real estate business each team member is involved in various outside activities. Tracey grew up in Pleasanton and her son graduated from San Ramon Valley High in Danville. She is an avid gardener and loves to spend time in the yard landscaping. She also works with the San Ramon Valley Newcomers Group supporting their website and club activities. John Harper is the techie of the group and when not promoting properties and their team online, loves to pursue his passions for Internet marketing, psychology and personal growth work. Paul and Ginny have homes in Italy and Holland (Paul is Dutch) and love to travel. Craig is a musician and plays guitar and saxophone in a local band and attends music jam sessions almost every week in Danville.

We’re appreciative of the recognition and support from Keller Williams and our fellow real estate agents.

Our FREE In-Depth Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

2 Bed, 2 Bath Short Sale Condo – San Ramon CA for Sale

Request a FREE San Ramon Real Estate Market Details Report This report gives buyers very detailed local real estate information.

Get the San Ramon CA Condo HOT List Be the first to know when new properties that match your criteria come on the market.

San Ramon 2/2 Condo – $279,000

HIghly desirable location in San Ramon, CA – Siena Hills – overlooking Canyon Lakes Golf Course – close to shopping, community center, new City Center site and freeway access.

This is a short sale situation and subject to lender approval.

Get the Flyer here

Request information on Foreclosures & Short Sale Properties

Visit: Harper Mees & Associates

800-816-4974 EXT. 3010

Get the Flyer on this San Ramon Short Sale Condo here

Request information on Foreclosures & Short Sale Properties

Visit: Harper Mees & Associates

800-816-4974 EXT. 3010

Ginny Mees & Susanna Falucskai Denes at C.A.R. Expo in San Jose

Ginny Mees and I are in San Jose at the California Association of Relators Expo promoting the WomenHomeowners network.

It’s been crazy busy here – nonstop chatting with women Realtors interested in the concept of a North American network of real estate professionals dedicated to women homeownership needs and issues. Susanna Falucskai Denes from Carmel CA stopped by to sign up to become the women homeowner expert in the Carmel real estate market.

As I write this post, the speakers are blaring as they give away raffle prizes here at the C.A.R. Expo in San Jose, CA.

Women Homeowners in the Carmel area will soon benefit from the professional team of real estate experts that Susanna puts together to help them with their homeownership needs.