Monthly Archives: August 2014

Uber-Cool ’88’ Penthouse Sells for $2.2M in San Jose CA

Boasting the BEST penthouse at “The 88” with the largest sky deck 88 EAST SAN FERNANDO STREET,#2101, San Jose featuring 1,488 s.f. 2 Bedrooms & 2 Baths closed escrow this week selling for a whopping $2,200,000!

The '88" Sky Deck $2.2M_Courtesy Agent Adriana Plut of Alain Pinel Realtors

The ’88” Sky Deck $2.2M_Courtesy Agent Adriana Plut of Alain Pinel Realtors

The views from “The 88”  sky deck and outside living, on top of the world, are truly unparalleled and stunning. The listing agent for this property was Adriana Plut of Alain Pinel, and the buyer’s Agent was Kyle Else of Keller Williams – Palo Alto. Congratulations!

CLICK HERE for the MLS listing w/photos and information.

Silicon Valley Mortgage Update FICO Scores_Aug. 9, 2014

Courtesy Tony Guaraldi Aug. 8, 2014

There are a few industry changes that we’ll discuss today including how Fannie Mae will treat people with a Short Sale in the past and a new FICO scoring model that will be implemented this fall.  The new FICO scoring model 9 will help many consumers with collections to improve their credit score and we’ll cover all the details on this.

CLICK HERE for the Best Mortgage Rates today.

First on the Short Sale/Pre-Foreclosure waiting time for borrowers who wish to buy another home after this derogatory event.  The current rule for Fannie Mae are that if the borrower puts 20% down payment the waiting time to buy or refinance after a Short Sale is two yearsContinue reading

BAY AREA PINCH $1 million ‘average’ homes? Let’s talk!

Voracious demand driving record sales in ‘mansion’ bracket.

Courtesy San Jose Mercury News by Steve Johnson and Pete Carey

There was a time when a million-dollar home was something families drove by on a Sunday outing to get a glimpse of how rich folks lived. But now they’re more common than Starbucks, at least around here.

Fueled by the booming tech economy and seemingly insatiable demand for housing, the Bay Area set records in the second quarter of this year in the number of homes sold for $1 million or more as well as those costing at least $2 million, a real estate information service said Thursday.

CLICK HERE for the full San Jose Mercury news article.