The first quarter of 2011 has net seen a lot of activity of distressed properties in Palo Alto. Here’s the update:
1. Sold foreclosures: 1 single family home 4 condos
2. Active and pending foreclosures: 0
1. Sold short sales: 1 condo
2. Active and pending short sales: 5 single family homes and 1 condo
Total Homes sold in first quarter: 156 (combined single family homes and condos)
The percentage of distressed properties in Palo Alto is still very low compared to most of the country with almost no foreclosure activity. However, there are a few short sales, and for those willing to wait out the escrow period they can be a good deal.
If you have any questions about Palo Alto short sales or Palo Alto foreclosures, please feel free to contact me.
Federal Government Disclaimer (MARS): 1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us commission as agreed to in listing contract for our services. 2. Marcy Moyer of Keller Williams Realty is not associated with the government, and our service is not approved by the government or your lender; and 3. Even if you accept this offer and use our service, your lender may not agree to change your loan.
Marcy Moyer
Keller Williams Realty
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Trust and Probate Sales
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