PleasantonHomes.com

As of today’s date, there are 55 foreclosure properties available on the Multiple Listing Service for Livermore -

Condos  - 5 condos are available - 4 on Murrieta and 1 on Portola, ranging in price from $174,900 to $260,000

Duets - 2 duets are available - 1 on Trinity Circle for $356,500 and one on Morgan for $424,900

Townhomes - 7 townhomes ranging in price from $189,900 to $399,900

Single Family Homes (Detached) - 40 properties priced from $319,900 to $749,900

If you have questions about the foreclosure/short sale process, or if you would like more information about any of these properties, give Bob & Deb a call at (925) 417-7129.  With over 20 years’ experience in real estate in the East Bay, we’ve got the resources to get you the answers.

There are 4 ‘REO’ (real estate owned) foreclosure properties available as of today (not including ’short sale’ properties).  Three are condominiums and one is a duet:

1.)  Smoketree Commons - Condo - 1-Bedroom, 1-bath unit.  648 square feet.  Listed for $256,900.

2.)  Smoketree Commons - Condo - 2-Bedroom, 2-bath unit. 856 square feet.  Listed for $339,900.

3.)  Mountain View Drive - Condo - 2-Bedroom, 2-bath unit.  1,043 sq. feet.  Listed for $388,900.

4.)  Secretariat Drive - Duet - 3-Bedroom, 2-bath home.  1,421 sq. feet.  Listed for 535,000.

Contact Bob & Deb Cilk of Northern California Brokers at (925) 487-8734 for more information regarding the foreclosure process, short sales or for answers to your real estate questions.  We’ll take the guess work out of your real estate transactions.

HUD’s Federal Housing Administration (FHA) is temporarily increasing its loan limits and will insure larger mortgage prices in California and other areas of the country with higher priced housing markets, beginning March 6th, 2008. This is especially good news for Tri-Valley homeowners residing in Alameda and Contra Costa County (Pleasanton, San Ramon, Danville, Alamo, Dublin and Livermore) because of the higher priced inventory in our community. 

These temporary changes in loan limits allow FHA to insure loans on amounts up to 125% of the area median price, and are a direct result of the Economic Stimulus Act which was signed into law in February.  Whether or not the temporary increase in loan limit will be extended remains to be seen, however, real estate professionals have long been advocating a change in this direction.  First time buyers and move-up buyers are now in a stronger position to get into the housing market at a better interest rate than they would have with a jumbo loan product.

It’s a GREAT time to get into the real estate market - both as a first time buyer; move-up buyer or investor.  Inventories are up and there is a great variety to choose from. 

For more information, give Bob and Deb Cilk of United California Brokers a call at (925) 417-7129.  Seize the day!

One of the premier golf food and wine events in the country will take place April 3rd through 6th, 2008 at The Course at Wente Vineyards - Northern California’s only site for the PGA Nationwide Tour.  Our own Livermore Valley will play host to some of the best golf professionals in the world as they compete in the Livermore Valley Wine Country Championship.  Here’s your opportunity to see professional golf up close, tempt your palate with gourmet creations and taste award winning wines from over 20 participating wineries of the Tri-Valley.  Cost for the 4-day event is $20/person.  Children aged 12 and under are free when accompanied by an adult (limit 2 children/adult).  Individual day tickets are also available.  For more information, visit www.winecountrychampionship.com.

It’s a GREAT day to live in the Tri-Valley! 

If you are thinking of dipping into your home equity account any time soon, you may want to check with your lender first.  Some of the bigger name lenders, including Countrywide Home Loans, Chase and Washington Mutual, have sent letters to homeowners across the nation freezing their existing home equity accounts.  The lenders are positioning to protect themselves from further losses because of the subprime lending crisis, falling property values and deteriorating credit scores.  As a result, a number of unsuspecting homeowners will no longer be able to draw on their home equity lines of credit.  Some accounts have been frozen even if a substantial amount of equity remains in the property! 

Gone are the days when lenders would allow mortgages and equity line values to equal 100% of the property value.  Lenders are tightening the reins on their criteria, and one would be hard pressed to find any lender to extend credit past 80% of the home’s market value.  For anyone planning to borrow against their home in the short term, this situation can prove to be more of a challenge than expected, as banks are reviewing the accounts of their home equity customers more frequently than in recent years.

For answers to your real estate questions, give Bob & Deb Cilk a call at (925) 417-7129.  Pleasanton real estate agents with 40 years combined experience!

Keeping you up to speed on the pulse of real estate….

Day 1 - The recording of the Notice of Default takes place

Day 14 - Ten days after the Notice of Default is recorded, it must be mailed to the borrower

Day 91 - The recording, publishing and mailing of the Notice of Trustee’s Sale takes place.  (Due to an IRS requirement, the lenders usually file this notice 31 days prior to the sale)

Day 115 - Five business days prior to the Trustee Sale is the Deadline to Cure Default of the loan

Day 122 - Trustee Sale of the property.  (Borrower may pay off the loan anytime before the commencement of the Trustee’s Sale.)

**Keep in mind that owners do have alternatives to losing a home in foreclosure.  Options include negotiating directly with the lender for any of the following - loan modification, an extension, a revised repayment plan, or even a deed in lieu of foreclosure. 

For answers to your questions about short sales, foreclosures, REO’s (real estate owned properties), or about buying, selling and investing in real estate, contact Bob & Deb direct at (925) 417-7129.

Keeping an ear on the pulse of real estate…..

A collection of electronic waste items is taking place tomorrow, Thursday, February 21st from 10 a.m. to 1 p.m. at the Hacienda Business Park in Pleasanton.  The Universal Waste Management company will accept the following items for disposal:  computer components, fax machines, MP3 players, copiers, printers, cell phones, computers, telephone equipment, monitors, toner cartridges, DVD and VCR players and televisions.

The convenient collection location will be at the CarrAmerica Corporate Center parking lot, located at 4432 Rosewood Drive in Pleasanton. 

Recycle your e-waste today - and help make the world a better place for ALL of us tomorrow!

It’s a great day to be in real estate!

Up-to-date scoop on the pulse of real estate - Bob & Deb Cilk of United California Brokers

 Virtual Tour

Located in gated community of Canyon Lakes in San Ramon - overlooking the fairway. Rare one-story unit shows like a model with designer colors and fixtures, beautiful wood plank hardwood floors & views of golf course. Stainless steel appliances and granite countertops. Custom wood shutters & draperies. Lush carpets. Woodburning fireplace. Contemporary light fixtures.  Central air conditioning.  Stacked washer and dryer. Shows like a model!  Watch the sun set over the hills from your patio - the view is priceless.  Premium location.  This unit has it all.  Offered for $499,000. 

Virtual Tour 

Contact Bob & Deb Cilk of United California Brokers at (925) 417-7129 for more information or a private showing.

It’s a great day to be in real estate!