Jane Pacheco's (pachecorealty) Blog

Once a seller accepts an offer, the buyer is officially in contract to purchase the house. The loan process begins.       What if the buyer decides to change the financing specified in the contract? For example, instead of the original 20% down payment, the buyer intends to only put 10% down, so...

A potential buyer will be interested to find out if a property he is buying is within a Mello-Roos community. By law, sellers are required to disclose to buyers if the property being sold has a Mello-Roos special tax assessment. Exempt from this disclosure requirement are REOs or bank-owned prop...

The majority of current housing inventory in Hayward, CA, both in terms of active listings and pending listings, as of 10/20/10, are short sales.     New listings for the month of September show short sales and regular sales to be on nearly equal footing, while REOs listed were less.       On th...

This post by J. Philip Faranda has all the reasons why short sales is the best route to bringing this housing market to a stabilized state, or at least somewhere close to that ideal position. The lenders ought to pay attention, the homeowners ought to see the benefits of considering this option. ...

For the 4th straight month in Fremont, the number of regularly sold properties decreased in September compared to the month prior. As well, new listings posted a decline for the 2nd month after enjoying a peak month in July. That being the case, it is still the dominant sale type observed at lea...

We first heard of the foreclosure moratorium in the month of September, although the freeze did not spread to California until weeks later. So, what happened to the REO supply during this month of September? Let’s take a look at the trend of REO supply and see where we’re headed. Data was pulled...

Here is the latest data on housing inventory in the Tricity – Fremont, Union City, Newark. Data is based on BayEast MLS/Paragon, as of 10/15/10.     As expected, Fremont has the largest inventory of homes on the market.   Listings with offers, i.e., those on pending status, are mostly short sale...

This ground floor unit (#E-109) just closed yesterday for $272,500. It's a beautiful 2-bedroom, 2-bath unit in the Alta Mar Villas. It is in pretty good condition, considering it is a bank-owned property.   After being on the market for 22 days, an offer was accepted by the bank. Final sale pric...

  It was time for me to face the challenge posed by Charles. I kneeled down by the kitchen sink and opened the cabinet doors to look for anything interesting to write about. There was the Fabuloso multi-purpose cleaner, Brawn’s Mop & Shine floor cleaner, and there was the food scrap bin. I just ...

A newly purchased home usually carries with it a one-year home warranty for existing appliances, either paid for by the seller or by the buyer. A basic home warranty typically includes common major appliances such as dishwasher, range, oven, air conditioning, garbage disposal, and furnace. Addit...