Denise Stuart

It all starts with the initial contact of the home seller;

Not knowing where to start or how it may end, I get this call from this distraught homeowner, "I don't know what to do and I found you on the internet".

"I was told to call a REALTOR to get a short sale on my home, the numerous Home loan modification specialists are not able to help me. I go online and find Denise Stuart in San Jose".

"No worries" I say, I will schedule you in, upon arrival I find the nicest people I think I could ever meet.

This story is not the only one, but all the homeowners I have listed homes for are this special.

From the beginning of this short sale market, I kept telling everyone I didn't want to list these homes, I could not bare to see these people lose their homes. But you know what? it is not like this. I really truly enjoy helping people and this may be right up there with the other volunteer job I do which is helping children. Helping homeowners that really truly need your help is one of those priceless rewards life can give you.

I am happy to be in the career field I am.

And it surely is not for the money!

Short sales, at this present time: are long drawn out hard works in progress, but with a push to the local officials, we who chose to do short sales.

I believe can and will make a difference on how these bank negotiations are handled.

Denise Stuart Coldwell Banker

http://denisestuart.spaces.live.com

Did a tour of the local listings in Berryessa, heres my take.

Overall I really liked the home on Shadow Leaf, With the looks of the open house I believe it to be true, for those viewing the property also.

I will show you any homes within San Jose, let me know if you'd like a personal viewing.

This recession has caused many to foreclose their homes, what effect does this have on Associations such as Housing developments, Condo and Townhome?

Creating the perfect storm for those homeowners who are looking to buy up and sell in a normal sale, not a Foreclosure or Short Sale.

Associations are now taking the brunt of less money to cover the cost of their budgeted expenses.

This leading to litigation in some cases.

With litigation, financing for new buyers may be impossible.

All cash buyers only apply.

Then throw another twist on this, and those homeowners who are planning to refinance can not,

Due to Litigation on the property and of course the economy.

Making the potential for more foreclosed home.

Look into a short sale for your home before foreclosure; it may be the right thing for you.

http://denisestuart.spaces.live.com

Last weekend was my biggest weekend for one specific property.

No, it wasn't an open house. As a matter of fact the home was pulled off the market weeks ago.

5 calls in one day.

The property is a Townhome near the Great Mall. Close proximity to everything High Tech jobs, Freeways. Perfect setting. The home has three bedrooms 2 upstairs master suites and one smaller Master downstairs. The draw is for Rental and families alike. Due to the price (lower than the rest of the complex, and lack of homes listed) This one became desireable all of a sudden.

Come to find the Litigation on this home makes it near impossible to obtain, with a 100% cash clause now strapped to it.

I had multiple buyers one being all cash, but once he seeked advise from others within his community of friends chose not to go forth in writting the offer. There is still one buyer wanting to get financed with 75% down still waiting to hear the outcome of this one.

I came across this article and wanted to share:

Q: Times are tough. I work for my state, which has budget problems and is requiring me to take one day per pay period off work -- for no pay. I'm barely keeping up with my adjusting mortgage payments on my condo. Some months I struggle to pay my HOA (homeowners association) dues. What will happen if I can't keep up with them?

A: If your mortgage payments have begun to adjust already, you really should talk with your lender about the possibility of a loan modification, to make ends meet a little bit easier. If you need guidance, contact a HUD-approved homeowner counseling agency such as www.HomeFreeUSA.org, which will run interference with your lender at no cost to you (Well, no cost beyond your tax dollars that fund their programs!).

Have a great weekend!

May 28

Can I share something with all the renters out there? Of course you might want to have cash in the bank. How much did you pay in taxes last year? Now is the time to buy!

• Low home prices
• Low interest rates,
• Abundance of inventory
• And last night was the fuel to the fire.

Analysts anounced the end of the recession is this year. How many people are jumping off the fence and making now the time to buy? If there is even a small thought of buying, don't wait for the rush to happen. It is not good for the Buyer

• Being beat out by multiple offers sometimes multiple times

The Realtor having to tell their client

• The home they have found to be perfect, has other offers that were higher offers than theirs.
• The trick is buy, when everybody else is not doing the same.

I am afraid if you wait , you may have waited too long.

Heres some insentives:

• $8,000 tax credit for first time home buyer (if you haven't bought a home in the last three years you may qualify)
• Mortgage rates still under 5% (to those with good credit ratings) inching up since last month .28.

This is the opportunity many were waiting for, knowing they could not buy in the rising economy. This economy has been a no brainer.

Wait to hit bottom and jump.....

Do you know thats what millions of investors, long time home owners moving to a smaller home due to kids moving out and first time home buyers have been thinking?

Now you have newly weds who have historically bought after marriage but desided to wait, ready to jump, those that short sold their homes 18 months or so ago, can now requalify for the purchase of a new home.

Time is of the essence to make the choice. If buying a new home is in your near future and you are in or around San Jose and in Santa Clara County,

I would love to put you on my personal home buyers alert system of available homes, to help you find that perfect home.