There is one Short Sale in Saratoga, no Reo's.
If you would like more information feel fee to email me.
Most foreclosures are in worse condition and have higher list prices than equivalent motivated owner homes. This is why you should want to compare regular listings with Bank REO's. If you look only at Bank homes, you are likely to overpay.
That 1 is probably just gone. There will be mores
Sam Shueh, realtor shueh at yahoo.com
There are currently 107 properties in some form of the foreclosure process in Los Gatos/Monte Sereno. There are two REOs on Blossom Hill and an REO on Loma Alta.
Susan and Shawn must be so incredibly surprised to see so many foreclosures in Los Gatos School District. There was a really good fixer-upper REO right across the street from Fisher Middle a few months ago.
Your question is almost a year old - so I'm wondering, are you still looking or did you buy a home?
If you are still looking, do you want to buy a "Bank Owned" property or a home attempting to be sold via "short sale"? They are very different. With bank owned or REO (Real Estate Owned by a bank), it's not a long, drawn out ordeal to purchase the home but there may be issues not disclosed to you since the previous owner is long gone. With a short sale, you may put an offer in on the property, have the seller accept it but have the bank never approve it. Only 10% of all short sales ever close escrow nationwide.
For information on buying homes in Los Gatos, please see the link below. The entire page is full of useful, Los Gatos specific information (whether you are buying a foreclosure or any other type of Los Gatos home).
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