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Two year ago my partner and I were the first in our office to list homes as short sales. The banks were awful to deal with and dragged the process out. As a buyer a short sale can be a great way to buy your dream home and as a seller an opportunity to get out from under a undesirable situation.
Alot has happened since two years ago. Sellers who need to get out from under their mortgages should consider a short sale. Granted it is NOT for everyone. It is an alternative to consider when researching your options on wanting to move on with your life.
As agents listing homes that are short sales, organization and constant communication with the banks is paramount. I am so proud to say we have gotten two approved short sales in the past month in Vallejo CA. Our clients are ecstatic. A short sale process may not be the answer to your concerns, BUT, it is an alternative.
Most important is to gather information so as a distressed homeowner, you can make an informed decision that will best suit their needs.
It is taking it one step at at time, and before you know it, you will know what will be the best solution for your situation. Just remember talk to someone knowledgeable about the short sale process and decide if this is right for you.
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I just completed January's Vallejo home sales report and its available for download by clicking on the graphic. It lists every Vallejo home that closed escrow last month and includes bedrooms, baths, square footage, original list price, final list price, closing price and even a comparison showing the net difference between the seller’s starting price and the ultimate selling price.
The least expensive home in Vallejo last month sold for $23,750 on N. Camino Alto. The most expensive was $495,000 on Landmark Dr. in Hiddenbrooke (one of only two Vallejo homes to sell above $400,000).
Next month’s report will be posted in early March. To see Benicia’s January home sales report, click here.
Remember, too, that I’m always happy to provide more custom and/or more detailed analyses of our market for clients and prospective clients. Just send me an email or give me a call and I’ll get to work!
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A year has passed way too quickly. As time marches on, so do the foreclosed properties for sale. A quick glance from the Bay Area Real Estate Information as of 1/4/09 indicates the majority of sold residential properties in Vallejo, CA were foreclosed properties.
There were 1457 properties SOLD. 1191 were foreclosures. A whopping 82%!!!
Sales prices ranged from a low of $27,000 to a high of $650,000.
As of today we have 885 residential properties for sale. 536 of them are foreclosures. In the city of Vallejo we are selling homes quickly when they are priced right. From historical homes to newer homes we have it all to meet your needs!
With interest prices low and FHA having some wonderful low downpayment programs, make 2009 the year you invest or purchase a home to live in!!
Now is the year to make that move in Real Estate!! and Vallejo, CA is a great place to buy! For more information or a free list of foreclosures for sale, contact Melanie Ross @707-319-2828 or email me @ melanie.ross@solanopacific.com
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A Vallejoan's Spirit of Compassion
Vallejo resident, Judy Lafear recently returned from a journey which will benefit individuals and families battling blood cancers such as: leukemia, lymphoma and myeloma. Strangely what actually began as a personal fitness goal for her quickly blossomed into a lot more- when fate took a sudden twist. This story illustrates her true spirit of compassion.
Not long ago, the quality of life of one of her family member was completely changed by the selfless act of an organ donor. In gratitude, Lafear sought to find a cause in which she could give back. She found the Team In Training® organization which raises funds for the 'The Leukemia & Lymphoma Society'. http://www.leukemia-lymphoma.org.
The organization offered her a dual opportunity to meet her physical fitness goals and raise funds to aid others. Lafear made a serious and a thorough investigation of the organization: She interacted with the organizational staff, other volunteers and she listened intently to the honorees stories. Her heart was touched and she took action.
Judy shared what she learned with me in two valuable messages:

•1. Be aware of what a blessing it is to have your health:
A serious diagnosis affecting your health or the health of a love one can have a huge impact on the family.
•2. Recognize the importance of giving back.
Recognize that we all have had or will need assistance at some time. Each of us can help someone in need. We can give of ourselves physically or we can provide financial support.
Judy became emerged in a cause she sorely came to believe in. She made a commitment to a run a 26.2 mile marathon in Anchorage, Alaska. The Mayor's Marathon took place in June. Although she had never run a marathon in her life, ironically everything she has done until then seemed to have prepared her for this major feat. Most recently she has participated in two, local, shorter distance events. In San Francisco, the Bay to Breakers and in Vallejo, The Touro University Mare Island. In preparation for the challenge she utilized the streets, hills and bridges of the city of Vallejo and Solano County. While she was aggressively training for the Mayor's Marathon she suffered a serious leg injury.
Neither her painful injury nor the stitches dampened her spirit nor hindered her determination. On her return, Judy blissfully reflected on her group's efforts and accomplishments. She summed up the experience and stated, "It was really a worthwhile cause and it was an awesome experience.
In retrospect it was no surprise that she maintained a steady pace and persevered to the finish.
Judy Lafear, Vallejoans salute you!
Author's note: Judy Lafear is a past president of Vallejo's Mare Island's Toastmaster's Club.
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