The Fog Blog

Great news!! Remember I mentioned the new short sale listing that I was working on? Where the couple's home declined $200,000 in value in 18 months? Within a few days of obtaining the listing-Boom! an offer-quickly followed by two more. We ratified one over asking a mere 10 days after the place h...

It has been a month since I last did an analysis of the short sale listings in San Francisco.   Let me share how these numbers—or percentages—are changing…   The percentage of short sale single-family residences (SFRs) has increased from 13% to 18% in the past four weeks. Should we worry about th...

I was reading an article by RealtyTrac (or using their data--not a plug as I am NOT a fan--just giving credit where it might be due) and it talked about the "Top Ten Foreclosure States (as of October)".  Number 1 on the list was Nevada with 1 in 74 homes. Guess too many people gambled on Vegas in...

Wow, gotta know that I love referrals as that means my clients love me, right? So I completed a successful short sale transaction in April for a couple. Last week, they referred me to another couple who owned a condominium in an adjacent town. Coincidentally, I had sold a condo in the same comple...

Keeping in mind that this quiz was from a few weeks ago--but also doubtful that much has changed--here are the first few answers to the True and False questions in the San Francisco short sale and REO quiz that I posted recently. Also bearing in mind that this was aimed at Realtors, let me share ...

Maybe you have received a notice of default on your mortgage? Lost your job? Had an unexpected financial setback? Worried about your mortgage adjusting in a few months? And even more worried that you won't be able to afford a higher payment? Or even your current one?If you click on the link "Ed a...

As one of the few people in my office who does these transactions, I did a brief presentation on Short Sales and Foreclosures Statistics in San Francisco last week at our weekly business meeting. Try taking this quiz yourself to see how knowledgeable you are...answers someday!   SHORT SALE & REO ...

Here are the REO stats that I worked on today...  A few more SFR REOs than before and the number of SFR listings is down so the percentage is up. Since Halloween, this number has gone up both times I checked, starting at 5% and now 6.4%.   REO TOTAL REO % REO TOTAL REO %     DATE SFRs SFRs of SFR...

Hello,  I have always enjoyed numbers and like trying to make sense of them. I have been keeping an eye on short sales and foreclosures in San Francisco for some time now. I will endeavor to track these distressed properties a little better. I recently checked out all of the foreclosures currentl...

I was reading a Chronicle article recently that-despite being a year old-is still largely relevant. It spoke of neighborhoods facing foreclosure and zip codes with high rates of foreclosure in the Bay Area.  I am curious about some of the comments made in the article and, of course, want to add m...