Here are foreclosed homes (REO) offered for sale in Menlo Park as of September 2, 2011.  See any Menlo Park homes you like?  I’ll send you more information and then let’s go take a look!   Type Bed/Bath Price Square Feet Notes Single family 2/1 $600,000 1,090 212 days on market Single family 3/1 $280,500 1,130 Back on market today!   Homes that have been on the market for longer than 90 days are usually an opportunity to negotiate a better deal than homes on the market a shorter time. NOTE:  There are 59 total homes (single family, condos, townhomes) on the market in Menlo Park as of today, but only 2 bank-owned properties. Would you like to receive email alerts when foreclosure, short sale, or traditional sale properties come on the market?  Visit my web site at www.jsrealproperty.com ... 09/02/2011

Here are foreclosed homes (REO) offered for sale in Menlo Park as of August 28, 2011.  See one you like?  I’ll send you more information and then let’s go take a look! Type Bed/Bath Price Square Feet Notes Single family 2/1 $600,000 1,090 212 days on market Single family 3/1 $739,900 1,150 195 days on market   Homes that have been on the market for longer than 90 days are usually an opportunity to negotiate a better deal than homes on the market a shorter time. NOTE:  There are 47 total homes (single family, condos, townhomes) on the market in Menlo Park as of today, but only two bank-owned properties. Would you like to receive email alerts when foreclosure, short sale, or traditional sale properties come on the market?  Visit my web site at www.jsrealproperty.com to use my RealtyTrac d... 08/28/2011

Read what’s going on in the Menlo Park housing market in my 1 Minute Housing Market Report.  News, prices, financing, home buying and selling tips, and more!  Includes local, regional, state and national updates. Click here:  http://johnsouerbry.housingtrendsnewsletter.com Or visit my web site:  www.jsrealproperty.com 08/27/2011

The question of whether to short sell a home in probate used to be rare, but now unfortunately it is not. There are estates where the owner dies, owes more than the house is worth, and a decision needs to be made by the Personal Representative (executor) as to what to do. My opinion, try it. If it is in the best interest of the bank/investor to short sell rather than foreclose they will do it. If it is not, they won't and will take it to foreclosure. So who benefits if the home is sold as a short sale?  Well the realtor for sure.  The commission is paid by the bank. However, if the attorney's fees are put on the HUD1 statement (the statement saying who is paying for what and who is receiving what money) the bank may pay them.  Also, the payment to the personal representative can go on t... 08/07/2011

Here are foreclosed homes (REO) offered for sale in Menlo Park as of August 5, 2011.  See one you like?  I’ll send you more information and then let’s go take a look! Type Bed/Bath Price Square Feet Notes Single family 2/1 $600,000 1,090   Single family 3/1 $739,900 1,150     Would you like to receive email alerts when foreclosure, short sale, or traditional sale properties come on the market?  Visit my web site at www.jsrealproperty.com to use my RealtyTrac distressed property search or to use my full MLS property search system. Questions?  Drop me a line at john@jsrealproperty.com . Follow me on Twitter:  @CalBrokerJohn For local, regional and national market information, subscribe to our Housing Trends eNewsletter when you visit our web site at www.jsrealproperty.com .  08/05/2011

Here are foreclosed homes (REO) offered for sale in Menlo Park as of July 31, 2011.  See one you like?  I’ll send you more information and then let’s go take a look! Type Bed/Bath Price Square Feet Notes Single family 3/1 $739,900 1,150   Single family 2/1 $600,000 1,090   Single family 3/1 $283,000 1,040 Recently listed   Would you like to receive email alerts when foreclosure, short sale, or traditional sale properties come on the market?  Visit my web site at www.jsrealproperty.com to use my RealtyTrac distressed property search or to use my full MLS property search system. Questions?  Drop me a line at john@jsrealproperty.com . Follow me on Twitter:  @CalBrokerJohn For local, regional and national market information, subscribe to our Housing Trends eNewsletter when you visit our web... 07/31/2011

Two of the finest communities on the northern edge of Silicon Valley are Menlo Park and Atherton.  They are known for quiet, tree-lined streets and a downtown filled with great restaurants and shops.  Both towns are minutes from downtown Palo Alto and Stanford University and are home to many of Silicon Valley's movers and shakers. Like everywhere in California, there are a few bank-owned foreclosure properties (REO) or potential short sale (SS) properties currently on the market in Menlo Park and Atherton.  Although home prices in this area are generally high, deals can be found.  Here are bank-owned and short sale properties offered for sale as of July 15, 2011.  See any you like?  I'll send you more information and then let's go take a look at them! Menlo Park Type Bed/Bath Price Squa... 07/15/2011

  It's time again. Curious about how many distressed properties there really are in Menlo Park?  Despite what you may be reading these are the homes for sale or sold on MLS as Short Sales or Bank Owned. Sold:  Short Sales: Single Family Homes  8 Short Sales: Townhome or condo:  1 Bank Owned: Single Family Homes  6 Bank Owned Townhomes or Condos  0   Active: Short Sales:  Single Family Homes  3 Short Sales Townhomes or condos   1 Bank Owned Single Family Homes   3 Bank Owned Townhome or Condo    0   Pending Sales: Short Sales: Single family homes  20 Short Sales: Townhomes or condos 0 Bank Owned  Single Family Home  2 Bank Owned Townhome or Condo   0 As you can see the number of distressed properties for sale is continues to be extremely low. This small number of short sales and reos ar... 07/06/2011

Right now it is estimated that nationally 1 in 4 homeowners owes more on their mortgage than their home is worth. You may be be one of those homeowners.  While not everyone who owes more money than their home is worth is going to sell that home, if they do, it will have to go through the short sale process. If you decide that a short sale is the best option for your circumstances be sure and check with a lawyer and/or accountant to get the best legal and tax advice.  You may find yourself unable to make the payments on the mortgage at all. If you own a condo the situation can get a little more complicated.   In California the HOA can initiate foreclosure proceedings against a homeowner who does not pay his/her HOA dues.  In addition to that, many banks who are very willing to allow a b... 07/05/2011

Two of the finest communities on the northern edge of Silicon Valley are Menlo Park and Atherton.  They are known for quiet, tree-lined streets and a downtown filled with great restaurants and shops.  Both towns are minutes from downtown Palo Alto and Stanford University and are home to many of Silicon Valley's movers and shakers. Like everywhere in California, there are a few bank-owned foreclosure properties (REO) or potential short sale (SS) properties currently on the market in Menlo Park and Atherton.  Although home prices in this area are generally high, deals can be found.  Here are bank-owned and short sale properties offered for sale as of July 1, 2011.  See any you like?  I'll send you more information and then let's go take a look at them! Menlo Park Type Bed/Bath Price Squar... 07/01/2011

Join San Francisco Peninsula realtor Wende Schoof while she previews homes for sale on the local real estate market.  This week’s homes include single, detached residences, townhouses and a condominium in the cities of Atherton, Menlo Park, Redwood City, Redwood Shores and San Carlos. Below is a map of the homes in this week's tour View Wende's Tour by the Bay 5/31/11 in a larger map Now join along in the tour for the week! For more information on these and other properties in the San Francisco Peninsula region, contact Wende Schoof at 650-504-0219 or Wende@WendeByTheBay.com 06/03/2011

Hi Bay Area A/R members!   I'm doing some research for good family neighborhoods near or around the Palo Alto-Menlo Park area. I'm basically looking for the Irvine (Woodbury) equivalent up north. I have 2 toddlers so safety and schools are #1 priority. I might be moving our offices in Palo Alto-Menlo Park area , so I'm looking at a search radius no more than a 45 minute drive. Price less than $800K SFR or Condo. Any suggestions?   Thanks! 05/18/2011

How hard is it to find a home in Menlo Park for less than $1,000,000?  Asked and answered, you say?   I reported on this topic in April after the Broker Tour on the 18th.  I wanted to see what the market is like today so I concentrated on the under million market again today.  First of all, the inventory of single family homes has been decreasing in Menlo Park since January.  At the end of April there was a month and a half of inventory of single family homes in Menlo Park.  The months supply of homes is calculated by dividing the number of active listings by the number of sold listings in a given month.   There were five homes under a million in April and there are five homes available today, as well, out of 21 properties on the tour today.  If we count a townhome, then there are six. ... 05/17/2011

I frequently hear the question "Can I short sell my house if I have not stopped making payments."  The answer to this depends on your lender, the investor on the loan, and the phases of the moon.  However, at least right now, if you have a loan with Wells Fargo then at this moment in time they will look at approving a short sale if you have not stopped making your payments.  Wells Fargo has two different review processes, one for currently defaulted and one for eminent defaults.  So if you are currently making your payments, but you have circumstances which will make it impossible for you to make the payments in the future then you are likely to have an eminent default and can potentially qualify for a short sale.  Nothing is for ever, and with short sales there are no guarantees, but i... 05/13/2011

Two of the finest communities on the northern edge of Silicon Valley are Menlo Park and Atherton.  They are known for quiet, tree-lined streets and a downtown filled with great restaurants and shops.  Both towns are minutes from downtown Palo Alto and Stanford University and are home to many of Silicon Valley's movers and shakers. Like everywhere in California, there are a few bank-owned foreclosure properties (REO) or potential short sale (SS) properties currently on the market in Menlo Park and Atherton.  Although home prices in this area are generally high, deals can be found.  Here are bank-owned and short sale properties offered for sale under $2,000,000 as of May 8, 2011.  See any you like?  Let me send you more information and then let's go take a look at them! Menlo Park Type Be... 05/08/2011

Distressed Property Watch Menlo Park Ca.   The first quarter of 2011 has net seen a lot of activity of distressed properties in Menlo Park.  Here’s the update:   1.     Sold foreclosures: 4 single family home  0 condos  All are in the Belle Haven neighborhood 2.     Active and pending foreclosures: 5 All single family homes:  3 Belle Haven, 2 West of 101   1.     Sold short sales:  1 condo 4 Single family homes: Condo west of 101  homes, est of 101 2.     Active and pending short sales:  21   20 single family homes and 1 condo 14 are east of 101 and 7 are west   Total Homes sold in first quarter:  86 (combined single family homes and condos) Total Active and Pendings:  162   As you can see the percentage of distressed properties is still very low in Menlo Park.  There have been more in... 05/03/2011

Well, it has taken a lot of months, and 4 buyers, but I finally got approval today from Chase for a short sale in the Belle Haven neighborhood of Menlo Park.  So far everyone is delighted, and hopefully we will make it through the loan and property contingencies.  Short sales are sold "As-Is", period. Banks do not allow any credits, repairs, or other consessions for things that are wrong.  That is why I try to get inspections on all my short sale listings before they go on the market. That way there are fewer surprises at the end. Nothing is a done deal until it is done, but we have come a long way, and my record is still 100% on getting an approval, and hopefully will stay at 100% on closing. Marcy Moyer Keller Williams Realty www.marcymoyer.com marcy@marcymoyer.com 650-619-9285 D.R.E.... 04/29/2011

Can you find a home in the City of Menlo Park for under one million dollars? Looking at homes in Menlo Park on our Broker Tour on Tuesday, April 18th., I was struck by the number of homes on tour that were under $1,000,000.  Five of the 13 homes on the market were under one million dollars.   Of the 13 homes on tour in Menlo Park, two were condos so they are not part of today's discussion.  This  price range was at the top of my mind because I have buyers at this price range.  Until rather recently we have had to look in Redwood City and San Carlos to find homes in this price range. The rules I set for this discussionare that the property must have a Menlo Park address and must be in either the Las Lomitas elementary district or the Menlo Park City School District and must be listed for... 04/20/2011

Two of the finest communities on the northern edge of Silicon Valley are Menlo Park and Atherton.  They are known for quiet, tree-lined streets and a downtown filled with great restaurants and shops.  Both towns are minutes from downtown Palo Alto and Stanford University and are home to many of Silicon Valley's movers and shakers. But like everywhere in California, there are a few bank-owned (REO) or potential short sale (SS) properties currently on the market in Menlo Park and Atherton.  Although home prices in this area are generally high, deals can be found.  Here are bank-owned and short sale properties offered for sale under $2,000,000 as of today (April 19, 2011).  See any you like?  Let me send you more information and then let's go take a look at them! Menlo Park Type Bed/Bath P... 04/19/2011

I just had the strangest conversation with a B of A Lender for a Menlo Park Short Sale one of my buyer's is purchasing.  First I must say this is not the broker I normally deal with at Bank of America, but someone who came highly recommended to my buyer.  Two weeks ago this broker told me the buyer was approved and we just needed the appraisal.  Yesterday he tells me the appraisal came in fine.  So I ask the logical question, "Can my client remove his financing contingency or are there still conditions that concern you. The answer I get is "The loan is approved and we can close on time."  I ask again, can we remove the financing contingency and I get the same answer. After the third time I give up and ask the buyer to ask the broker.   He gets the conditional approval back from broker a... 04/07/2011