Alameda sales week of November 22 thru 26

Legend BT=Building type BR=Bedroom count Bth=Bathroom count
DOM=Days on market LP=List Price SP=Sold Price

Have you ever heard of FICO 8

The Fair Isaac company has come up with a new credit scoring model. This comes as we have seen a record rise in defaults on mortgages by people with good credit. Not only are borrowers who previously were rated outstanding credit risks far more likely to default today, but many homeowners are defying long-standing credit industry assumptions by going delinquent on their first mortgage payments while continuing to pay their credit card balances and second mortgages on time. Strategic defaults, or walkaways, by high-score borrowers also have been an unexpected development. This new model changes how they evaluate consumers' risks of default. Whats interesting about his for those who are looking for a home is how the credit scoring model changes depending on what type of credit you are applying for. A mortgage credit score is different than a credit card credit score.
Read more. CLICK HERE

Alameda Sales for week of November 15th thru 19th

Legend BT=Building type BR=Bedroom count Bth=Bathroom count

DOM=Days on market LP=List Price SP=Sold Price 

The 5 myths of Foreclosures

Read a great article on foreclosure myths at Trulia.com

The following is an excerpt from the first paragraph of the article.


"Four years into the housing crisis, myths about foreclosure still litter the minds of even the smartest of real estate consumers. When it comes to matters as high stakes as your home, confusion can cost you thousands - or even your home. Whether you’re a buyer looking at foreclosures, a homeowner struggling to keep your home or a seller concerned making sure your home can compete with the foreclosed homes on your block, these foreclosure myths are prime for the busting, with no further ado."


Author: Tara-Nichole Nelson

READ MORE CLICK HERE

Update on Foreclosures in Alameda

Foreclosures have been in the news a lot lately. Maybe you heard about the robo signings.
They can still be a good deal if you know what to look for and have some energy and cash for fixing up.

We currently have 14 foreclosures in Alameda 3 condos 2 Townhomes and 9 single Family homes.

This one at 2110 Encinal recently came back on the market. It is a huge house with some great details inside and a nice little garden in the back. It is definitely a fixer but has great potential.

Want to find out more visit my real estate website from the link on the right hand side of this blog.