Larry "Fly" Young Brentwood Real Estate

Close Fannie Mae deals on time or risk losing the transaction, your deposit, appraisal and inspection fees. Recently, I had a transaction involving the purchase of a Fannie Mae owned foreclsoure (REO) property in Oakley with first time buyers.The contracts were signed on April 14,2009 with a scheduled close of May 29, 2009 (45 days).  The ...

Without fail, while showing clients properties or hosting open houses in Brentwood or nearby cities, I get asked “What did this property sell for at the peak?”  The response I want to give is “Why does it  matter?  The market determines value, and with current prices and financing, more people can purchase a home ...

Brentwood and Eastern Contra Costa County housing prices are down 60% and greater from peak prices of 2006-2006. Prices of many Brentwood area homes are nearing $100 per square foot, lower than the cost to build. In addition, the monthly payment for the purchase of many Brentwood properties is less than rent, a great opportunity for first time ...

During the past few weeks the sales activity and offers on short sale listings has significantly increased. Every day this week I've received calls inquiring on the availability of our office's short sale listings and have seen multiple offers on almost every listing. It appears that buyers and their agents feel that ...

  The table below shows some interesting year-to-date sales versus current pending and active listings data for Eastern Contra Costa county.  Agents, prospective buyers and the media are all reporting increases in home sales activity.City/ LocationSold Since 1/1/08PendingActive ...

On March 13, Ocwen, one of the major loan servicing companies, announced that it will no longer negotiate short sales. This decision includes all pre-existing short sale contracts in which Ocwen has not finalized settlement agreements between its borrowers and potential short sale buyers of the distressed ...

Distressed properties make up 60% of today's listings in eastern Contra Costa real estate market. Of 3908 active listings, we have 1276 foreclosed (REO/bank owned properties) and 1078 short sales. Since nearly half of the distressed property listings and one-third of all active listings are short sales, many buyers are ...