Doug Buenz
Real Estate Broker
Alain Pinel Realtors
(925) 463-2000
Email me!
I am a local Real Estate Broker with Alain Pinel Realtors serving the Pleasanton and the Tri-Valley area. I am an avid watcher of the local real estate market, as well as cultural and political events. But that is what I do, not who I am... » read more
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Are they or aren’t they? Are foreclosures slowing, or not? It’s always interesting trying to figure out exactly what is going on in the market place. There are facts, like the recent report that shows lenders sent out fewer notices of foreclosure in April than they did a year ago. And …
Should you walk away from your home if the value is below the mortgage you owe on it? There is a growing chorus of academics and advisers who suggest you should. The so-called “strategic default” is becoming more commonplace. A strategic default is one where the borrower can afford to make the …
The Obama adminstration announced a new plan to help streamline the process for a short sale by creating uniform documentation and offering various incentives to the parties involved.
Alameda County had a 17.4% decline in foreclosures from one year ago and a 6.8% decrease in notices of foreclosure, while Contra Costa County saw a 41.2% increase in foreclosures and a 95.5% increase in notices of foreclosure.
Okay, I get it. Everyone wants a deal. It is a natural part of our economy. When buyers hear the words “short sale” or “foreclosure” or “REO”, their eyes often light up like those crazy shoppers who get up at 4:00 AM to shop the day after Thanksgiving. And short sales, …
An interesting strategy is making the rounds affecting homeowners who are in the process of having their home foreclosed on. Apparently using just three words can make a huge difference. No, the three words are not “this really sucks”. They are “produce the note”. Some homeowners have apparently had success stalling …
One of the indicators of the health of a real estate market is the percentage of distressed sales, which includes both Bank Owned (REO) properties and Short Sales. Markets with higher levels of distressed sales will generally see more downward pressure on prices, and distressed properties tend to sell for less than a “normal” …
If you are in the market to buy a home, you have no doubt heard the term “Short Sale”. No, this does not refer to sellers who are under 5′ tall. A “short sale” is industry jargon for a seller who owes more on the property than what it is worth. The …
