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Sylvia Barry, Marin Realtor, MAS, ePRO

Marin County Bank Owned (REO) Homes - Townhomes, Condos - Updated 02/20/09

Due to strong demand from my past and current clients and the interest from the prospective clients, I am providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes. The list will be updated freqeuently depending on relevant activities.

(Word of Advise from your Realtor - In addition to REO (Bank Owned) properties, there are GREAT Deals out there if you look hard enough. I will be able to help you to find the best deal and best house in Marin and Sonoma county for you, Bank Owned or Not!)

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin. Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Marin County Bank Owned Townhomes / Condos Marin County Bank Owned Townhomes / Condos

Updates since 02/08/09 - 28 Total Listings - 22 Active, 4 Pending, 2 Sold

  • New - 7 Oak Crest Court, Novato - 3/2, 1460 sf - Western Oaks, Best Deal!
  • New - 2 Park Crest Court #C, Novato - 3/2.5 1460 sf. - Western Oaks, closer to Redwood Blvd
  • New - 47 Sequoia Glen, Novato - 3/2.5, 1529sf. South side of Redwood Blvd.
  • New 35 Fairfax St #27 - San Rafael - Bahia, 2/1, 864 sf, Grerat Investment
  • New 241 Playa Del Rey, San Rafael - Bahia, 3/1.4, 1116 sf
  • Pending - 110 Oliva Court, C, Novato
  • Pending - 17 Oliva Drive, E, Novato
  • Pending - 12 Oliva Drive, D, Novato
  • Pending - 1289 Maple Court, C, Noavto
  • Sold - 50 Sonoma St #7, San Rafael $100,000
  • Sold - 25 Andrew Drive, Tiburon, $151,000 (Unbelievable low price for Tiburon, but NOTE - This property's current tenant has a recorded legal 75 year lease at $1,285/month rent controlled. There is 48 years remaining on lease.

contact a real estate agent

__________________________________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services

Marin County Bank Owned (REO) Homes, Farms, Ranches- Updated 02/20/09

Due to strong demand from my past and current clients and the interest from the prospective clients, I am providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes. The list will be updated freqeuently depending on relevant activities.

(Word of Advise from your Realtor - In addition to REO (Bank Owned) properties, there are GREAT Deals out there if you look hard enough. I will be able to help you to find the best deal and best house in Marin and Sonoma county for you, Bank Owned or Not!)

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin. Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Marin County Bank Owned Single Family Homes Marin County Bank Owned Single Family Homes

Updates since 02/08/09 - 4 SOLD - A couple all cash sales, a couple over asking prices.

38 Total Listings - 30 Active, 4 Pending, 4 Sold

  • New - 1611 Center Road, Novato,
  • Pending - 24 Elmwood Court, Novato
  • Pending - 1212 Lynwood Drive, Novato
  • Pending - 52 Austin Avenue, San Anselmo
  • Pending - 26 Stasia, Novato
  • Sold - 1 Plaza Loma, 3/2, 1092 sf $410,000
  • Sold - 8 Wilson Hill Court, Novato, 3/2.5, 2388sf, $530,000
  • Sold - 25 Durham Road, San Anselmo, 4/2, 1533sf $573,500
  • Sold - 931 Butterfield San Anselmo, 3/2, 2115sf $875,000

contact a real estate agent

__________________________________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services

Fannie Mae Suspends Foreclosure Sales, Major Lenders Follow Suit

Fannie Mae announced a suspension of all foreclosure sales and evictions of occupied properties through March 6 in anticipation of the Administration's national foreclosure prevention and loan modification program.

While Dow Jones Newswires reported that JPMorgan Chase, Citygroup, Bank of America and Wells Fargo have committed to temporary moratoriums (suspends) on foreclosures as the government works on a financial stability plan aimed at keeping people in their homes.

The following are briefly what was announced by major lenders -

JP Morgan Chase - New Owner-Occupied residential loans that are owned and serviced by JPMorgan Chase. As with Fannie Mae, the moratoriums will remain in effect through March 6th.

Citigroup - All Citi-owned first mortgage loans that are principal residence and on loans for which understandings with investors have been reached. Moratorium end date - March 12th.

Bank of America (also Countrywide) - Delay foreclosures sales on owner occupied properties whose mortgage loans are owned and serviced by BofA or Countrywide - Through March 6th.

WellsFargo (also Wachovia) - For Loans it holds. The moratorium is expected to remain in place until the government's foreclosure prevention plan is announced. The majority of WellsFargos mortgage loans are serviced by it and owned by other investors. WellsFargo is working with their investors .. to determine how to support the moratorium request.

Most of the lenders plan to evaluate and extend their specific moratorium dates depending the progress made by government.

See complete article below:

Fannie Mae Suspends Foreclosure Sales Pending Administration Announcements

From CNN of Dow Jones Newswires - Bank Agree to Foreclosure Moratoriums

Hopefully the suspension of foreclosures and the government bail out plan will allow at-risk home owners to keep their homes and stabilize the housing industry.

Where should the buyers look when there is no REO (Bank Owned) on the market? Look at Well Priced Homes (many sellers have dropped price considerably due to the softening market www.2197Vineyard.com), Short Sales (yes, short sales require hard work, lots of patience but very rewarding) and get an agent who is diligent in looking for homes, strong in negotiation to help you find that perfect home.

Perhaps one day when the economy is stronger, we can take a collective sign of relief and cheer for the stable economy, strong housing market and solid job market where all can have a stable job, good income and own their home and fulfill their American Dream Once Again!

_________________________________________________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors

website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange.

Fannie Mae Suspends Foreclosure Sales Further and the EFFECT it has on Buyers and Sellers??

Fannie Mae today announced a suspension of all foreclosure sales and evictions of occupied properties through March 6 in anticipation of the Administration's national foreclosure prevention and loan modification program.

See the News Release in this link...

As a Realtor in Marin County, I have witnessed in January and the first part of February that there is a slow down of fforeclosed as well as short sale homes in Marin (although Marin County's foreclosure rate is much lower compare to the rest of California) due to previous suspension of Fannie Mae foreclosure sales to the end of January.

This can be a two-edged sword where it can be a good news for home owners who have been facing competition with REOs and short sales properties and have seen big price drops on their properties; but it is, on the other hand, tougher on the buyerswho are taking advantage of and start getting used to the idea of buying REO properties.

A simple Rule of Supply vs Demandsays that as supply of REO / Foreclosure homes gets lower, the price of existing homes for sale will go up, at first, temporary, and hopefully, with the successful implementation of the new Bail Out Plan, permanently.

Coming from a difficult Marin Home market, I both rejoice in the saving of the existing home owners and their families who are losing their homes due to the subprime mortgage they have, toughen job market, and the unstable economy; I am also sorry for the buyers who might finally be able to move into their first time home due to the declining housing market and now may or may not be able to........

Where should the buyers look when there is no REO (Bank Owned) on the market? Look at Well Priced Homes (many sellers have dropped price considerably due to the softening market www.2197Vineyard.com), Short Sales (yes, short sales require hard work, lots of patience but very rewarding) and get an agent who is diligent in looking for homes, strong in negotiation to help you find that perfect home.

Perhaps one day when the economy is stronger, we can take a collective sign of relief and cheer for the stable economy, strong housing market and solid job market where all can have a stable job, good income and own their home and fulfill their American Dream Once Again!

_________________________________________________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors

website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange.

Marin County Bank Owned (REO) Homes, Farms, Ranches, Condos and Townhomes

Due to strong demand from my past and current clients and the interest from the prospective clients who might not have been able to purchase a home during the past sellers market, I will be providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes. The list will be updated periodically depending on the inventory.

(Word of Advise from your Realtor - One thing I would like to stress is not to get hung up on 'Bank Owned' - They may or may not be the best deal in town. There are GREAT Deals out there from motivated sellers who understand the market and who need/want to sell. I will be able to help you find the best deal and best house for you, Bank Owned or Not!)

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin (yes, we even have a few in South, Central and West Marin).

Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Single Family Homes, Farms and Ranches are in one link; and Condos/Townhomes are in another link. Note that the link expires in 30 days (Per MLS rule), but I should have new ones by then!

* Marin County Bank Owned Single Family Homes -

  • a couple in Bahia, San Rafael were coded incorrectly by the listing agent. Those are the ones priced at $120-140K. shoudl be Condo/Townhomes instead of SFR.
  • 45 Elmwood is new,
  • 13 Ash Court, what a great deal now at $949,000 - Luxury, almost new home in Pointe Marin, 4, 31/2 and 4405 sf Shea home! I have to admit that the house has it's PROs and CONs. Give me a call to find out
  • You missed 1945 South Novato Blvd - went into contract. A cute house, huge lot!

* Marin County Bank Owned Condos / Towhomes (24 on market)

and if you are really ready to buy? Call your trusted Realtor to give you personalized updates... This is our profession and we should NEVER be TOO BUSY to help you!

__________________________________________________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website:
www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services