Foreclosures
In
2008 there were 6,268 foreclosures in Santa Clara County and 249,940 throughout
the state of California. If you think that the wave of foreclosures is going
away soon, you are sorely mistaken.
If you are looking to buy REO Bank Owned property, foreclosure Listings, pre-foreclosed property in Santa Clara you've come to the right place. We help buyers and investors purchase bank owned homes in today's hot foreclosure market.
Many of the foreclosed homes that we show prospective buyers are not even on the market. Our network includes many REO agents who specialize in Bank Owned Properties for sale in Santa Clara and other parts of the Bay Area including: San Jose,Sunnyvale, Campbell, Cupertino, Saratoga, Los Gatos, Cambrian area, Almaden Valley, Blossom Valley, Santa Teresa Area, Evergreen Area, Downtown San Jose, Milpitas, Berryessa Area, Fremont, Gilroy, and Morgan Hill.
Homes For Sale In Santa Clara CA is your one stop shop for buying and selling foreclosure and pre-foreclosure property in Santa Clara, California. For more information on how we can assist you call us at (408) 460-8401.
Help
- I May Be In Foreclosure
If
you find yourself behind on payments for whatever reason (lost your job,
payments readjusted, etc), Homes For Sale In Santa Clara can help. We have
real estate agents who are ready to help you find solutions to your real
estate problems. Our experts can assist you in looking at different options.
We are not tax experts or legal experts but we do understand real estate and how to work out a short pay with your lender. A short sale transaction is better than a full out foreclosure. Your credit will be hurt but not as much as full on foreclosure.
This is a rough estimate on how your FICO Credit Score is calculated:
35% by Payment History
30% by Balances Owed
15% by Length of Credit History
10% by New Credit
10% by Types of Credit in Use
And your overall scores is as follows:
720 - 850 Excellent Credit - "A" paper credit - the "best" rates apply
680 - 719 Good Credit
620 - 679 OK Credit - you qualify for FHA (check with your loan rep)
580 - 619 Low Credit - You may still qualify for an FHA loan - you may need to provide more financial information or a co-signer (again check with your loan rep)
500 - 579 Poor Credit - You need to straighten out your credit and not ignore it. Contact your creditors who are placing bad marks against you and try to repair your credit.
below 500 - Bad Credit - *You may be denied when looking for a home to rent, employment, buying a car, and other important ways.
Remember when you lose your home due to a foreclosure, short sale or bankruptsy you will be in this category. Depending on what you choose such as a short sale vs a full foreclosure where you made no attempt to speak to the bank will also depend on how long and how bad your credit score may be.
*Homes For Sale In Santa Clara CA, Dan Pizano, or Coldwell Banker, NRT Inc, or its associates or affiliated corporations are not credit experts, legal experts, or financial experts and this information is based on generalizations. Check with your credit bureaus Experian, TransUnion, and Equifax for more specific information.
If
you are "Upside down" with the value of your home (in other words,
your loan exceeds what your home can sell for after paying commissions and
fees) you may be eligible to still sell your home. This type of sale is
called a "short pay" sale or a Short Sale as is often referred
to. Our real estate agents will contact your lender on your behalf and try
to work out a amicable deal with the lender. There are always options that
you have at your disposal even when things seem to be very bad financially.
It's worth a call to us at (408) 460-8401.
Pre-Foreclosure
or Short Sale Assistance