The Foreclosure market continues to attract new home buyers and investors alike.
Properties in good conditions get multiple offers fast.

Check with us if you are interested in the foreclosure market.
There are a number of things you need to know about foreclosure and short sales. Understand it before you act.
E-mail us to request a brief note on Foreclosure process and what you need to know when buying these properties.

Here are some listings of properties showing foreclosure, short sales properties among regular listings for you to compare. For most up to date information or an REO Tour, please contact us at info@justglobal.net

Please Click the button below

Please click here for Three Months Sales Analysis of REO, Short Sales and Regular sales of Single Family House in North San Jose Area (June 11, 2009)

Please click here for San Jose. Santa Clara, Sunnyvale, Milpitas SFR Sold during last 30 days (as of July 8, 2009)

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SAN JOSE BANK OWNED PROPERTIES ( REO)

Now you can own cash flow property in the Bay area. There is a 195% increase in Bank Owned proeprties in Santa Clara County in the last quarter.

Click here for the latest list of Bank Owned properties under $350,000

When you are buying Bank owned properties, typically you have to be prepared:

1. They want the home sold as-is.
2. They want a minimum of a 1% good faith deposit and copy of check to accompany the offer.
3. They want a 30 day closing.
4. Since this is a bank owned property ,the bank usually will have no reports or inspection details available, so typically the buyer would need to obtain these at your cost.
5. They want a Pre-approval letter from a direct lender, and typically will be Banks.
6. Please allow 5 business days for acceptance of your offer.
7. Typically the seller will counter no seller signatures. After the contract has been agreed upon, the selling broker will forward all paperwork to the seller with disclosures for the seller to sign. It could then take up to 3 weeks to get the ratified contract back.

GLOBAL REAL ESTATE CLUB is back by a Licensed Real Estate Broker and Mortgage company, we shall be very happy to arrange showing of BANK OWNED PROPERTIES and represent as Buyers' Agents.
We specialize on REOs, it will need an Expert to make your deals work!!

Tel: 1-888 879 7158, E-mail: info@justgloba.net

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