David's Blog

Our recent REO listing in San Jose generated more than 27 offers and we had to stop accepting offers in 3 days when the Asset Manager wanted to focus on top 4 offers.   That was when one agent called and insisted that he will be making a strong offer.  I informed him that there are 27 offers with...

Hi folks I am sending the following letter to my senators cause I am hearing that Big 3 Automakers are coming back for more FREE money!!  It's appauling to me.  So, if you agree that it's time to stop wasting tax payer dollars, please write to your congressman to stop it. ************************...

We have been noticing an interesting strategy which some buyers are using is to contract our REO property at huge discounts to the list price once they have it under contract!! These buyers are ordering inspections which in 95% of cases reveals more repair requirements. These buyer then request a...

Are you writing offers on REO properties for your buyers!?  Are you facing Multiple Offer situations!?  Are you losing these deals?!  Please read on..... We listed an REO property in San Jose on August 1, 2008 which had some serious potential and thanks to our Gorilla Marketing with Craigs List w...

In a recent preview of one of our REOs, I came across some Toys that were left behind!   It made me sad cause I have a 9 year old too and know how attached kids can get to their toys.  So, I contacted the Asset Managers and got permission to remove the Toys to be donated to GoodWill. They agreed ...

I recently was amazed at the shabby way our offer was handled by a well-branded Silicon Valley Real Estate company that I started thinking about why banks trust their precious REO listings to these incompetent agents!!? This agent claimed he had NOT seen my offer that I personally dropped at his ...

According to a Discovery Bay data mining company, the number of California foreclosures surpassed number of sold properties in January 2008! This is NOT a very good development for anyone who owns residential real estate in California. Contributing to the slow down in sales, is the lack of good l...

Despite what you might be hearing from the mainstream media, the Real Estate market is not all doom and gloom in Silicon Valley! This past weekend was an eye opener for our team when we hosted an Open House for our Bank-Owned (REO) foreclosed Condo in the Cahill Park development of San Jose! This...

Despite what you might be hearing from the mainstream media, the Real Estate market is not all doom and gloom in Silicon Valley! This past weekend was an eye opener for our team when we hosted an Open House for our Bank-Owned (REO) foreclosed Condo in the Cahill Park development of San Jose! This...