Hello everyone:

Here is the exhaustive list of all properties in short sales currently offered on the Almaden Valley real estate market as of  today.

Do not hesitate to contact me by telephone (408-717-2575) or by email if you would like additional information about any of these listings.

Click here for larger map

1 6292 VEGAS DR  $639,000
2 6576 CAMDEN AVE  $719,000
3 6527 SPRINGPATH LN  $774,888
4 6502 BOSE LN  $798,250
5 6548 CREEK BANK CT  $899,000
6 738 MILLSWOOD CT  $949,000
7 18690 ROSALIND LN  $2,200,000

Sophia Delacotte
Your Realtor in Almaden Valley

Hello everyone:

Back on-line after a few days lapse, also busy wrapping up my latest blog about an important question that every homeowner asks about short sales : is it really cheaper to buy a short sale listing?

Moving on to the topic of the day. I presume that many of you know by now that the term “foreclosure” refers in fact both to  the status of a home in foreclosure but also to a process, which can be split in four distinct phases as follows:

  1. Pre-Foreclosure : This period is the phase that precedes the sending of the Notice of Default. The foreclosure process has not started. At this point, homeowners have just missed a payment and lenders will notify you with a Breach Letter stating that you are in breach of your loan/mortgage contract.
  2. Foreclosure Phase I : This phase starts and ends with the recording of the Notice of Default aka NOD
  3. Foreclosure Phase II : If after 85 day following receipt of the NOD you did not “reinstate” your loan, a Notice of Sale (aka NOS) is issued and recorded. This phase is the actual “short sale” phase as this is the time during which homeowners will attempt to short sell their home.
  4. Foreclosure Phase III :  Typically, within 14 days of the NOS, the lender will hold a public sale or auction to sell the house. This stage is known as the Foreclosure Sale period. If your home does not sell, the lender will become involuntarily the owner of your home. The property becomes a Real-Estate Owned property (aka REO)

I hope that the information is useful to all of you out there faced with foreclosure in the Bay Area.

Feedback and comments most welcome. Do not hesitate to call me directly (408-717-2575) for any additional information.

Sophia Delacotte
Your Realtor in Almaden Valley

Hello everyone:

As promised, here is the updated list of short sales properties currently available on the Almaden Valley areal estate market as of 17 March 2011. Please contact me by telephone (408-717-2575) or by email if you would like additional  information about any of those properties for sale.

Click here for larger map

1   7189 BROOKTREE CT  $1,237,000
2   6354 EL PASEO DR  $932,000
3   1121 QUEENSBRIDGE WAY  $909,000
4   6548 CREEK BANK CT  $899,000
5   6467 SPROUL CT  $779,000
6   6502 BOSE LANE  $738,888
7   6576 CAMDEN AVE  $719,000

Sophia Delacotte
Your Realtor in Almaden Valley

Hello Almaden Valley:

Today, I would like to take you through online data available about foreclosed properties currently listed in Almaden Valley, San Jose, CA.

As of today, 73 foreclosed homes of ALL types are listed for sale in the Almaden Valley neighborhood of San Jose, CA (95120 Zip Code) as displayed on the map below:

Among those 73 listings, you will find 44 single family homes and 8 condos in particular.

The trick is then to understand what types of foreclosed properties are for sale.  Search engines will allow you to search for Pre-Foreclosure, Auctions and Real Estate Owned properties. As you will notice, short sales listings are not made public. Only a Realtor is able to access such data.

Thinking about approaching Almaden homeowners in Pre-Foreclosure ? Think twice as it takes again the skills of a Realtor to understand the true situation of the property offered for sale and the current status of on-going negotiations between the current homeowners and their lender(s).

I will be back shortly with the actual and latest number of active short sales in Almaden. Keep reading.

Sophia Delacotte
Your Realtor in Almaden Valley

Every San Jose homeowner has heard and read about short sales at some point or another in their quest to sell or buy a home.

The term Short Sale is actually used to describe a stage in the Foreclosure process during which a homeowner tries to sell his home (while he/she still owns it) for less than what he has borrowed to pay for it initially. The process is referred to as a short sale because homeowners are ‘short’ to repay their lender(s).

During a short sale, homeowners, with the help of a Realtor, will also initiate negotiations with their lender(s) to make them accept a lower settlement, ideally as close as possible to the price at which they are trying to sell their home.

If you are cornered in a short sale situation, here are the 3 things you need to do right away:  understand what your true financial situation is, do not stop paying unless you are obligated and get advice from a Realtor about how to initiate negotiations with your lenders.

Do not hesitate to call me at 408 717 2575 or email me to set up an appointment and talk about how I can help you deal with a short sale situation.

Sophia Delacotte
Your Realtor in Almaden Valley

Hello everyone:

Here is a list of all short sales properties for sale in Almaden Valley as of 26 February 2011.  Please contact me by telephone (408-717-2575) or by email if you would like more information about any of those properties.

Click here for larger map

1    1344 TIFFANY CANYON CT $2,395,000
2    7189 BROOKTREE CT $1,237,000
3    6354 EL PASEO DR $932,000
4    1121 QUEENSBRIDGE WAY $919,000
5    6548 CREEK BANK CT $899,000
6    6753 MISTY WILLOW CT $849,900
7    6194 CALLE ESPERANZA $799,000
8    6502 BOSE LN $798,888
9    6467 SPROUL CT $779,000
10 6576 CAMDEN AVE $719,000

Sophia Delacotte
Your Realtor in Almaden Valley

Welcome to this blog !

I am a Realtor in San Jose, CA, affiliated with the Coldwell Banker Residential Brokerage branch in Almaden Valley, San Jose CA. I am also a Short Sales and Foreclosure Specialist, certified as a Distressed Property Expert (CDPE) and Short Sales and Foreclosures Resource (SFR) in California.

I am an area specialist of South San Jose with a particular expertise in residential homes for sale in Almaden Valley.

If you are looking for short sale properties in Almaden Valley, check this blog on a regular basis. I will be sharing the latest properties on sale (short sales, foreclosed homes and REOs)  as well as the latest real estate market trends in Almaden Valley. I plan to share helpful tips for sellers faced with foreclosure and pitfalls to watch out for potential buyers of foreclosed homes.

If you need help or simply would like to talk confidentially to a real estate professional about your personal situation, do not hesitate to contact me by telephone (408 717 2575) or email me.

Sophia Delacotte
Your Realtor in Almaden Valley