According to DataQuick and other sources, the rate of foreclosures in the East Bay is accelerating. Lenders are implementing programs to expedite the process of removing REOs (bank owned properties) from there balance sheets. We are also hearing reports that they are delaying the process in areas where they already have high REO inventories.

Taking a quick look at two Internet resources, we find the following stats for Danville and San Ramon, CA:

Home sales activity is picking up in Danville and San Ramon. If you need to sell, now is the time to jump in. As part of your due diligence, be sure to identify any homes in your immediate area that are in the foreclosure process.

Pricing your home right to compete against bank owned properties is a must in this changing real estate market. We can help – Call Ginny at (925) 699–3328