American Farmland Trust (AFT) has opened the voting to select America’s Favorite Farmers’ Markets at www.farmland.org/vote. The online contest is a nationwide challenge to see which of America’s farmers’ markets can rally the most support from their communities.

Related posts:

1. Brentwood Farmers’ Market Back in Season
2. Shadow Lakes, Brentwood Market Update April 2010
3. Deer Ridge, Brentwood Market Update July 2010

There has been an increase lately in the number of homes for sale in Deer Ridge in Brentwood. There are currently 12 homes for sale in the neighborhood, with an average list price of about $421,000. The highest list price among active listings is $575,800 for a bank owned property on Spanish Bay Drive with over 4,800 square feet of living space. The lowest priced listing in Deer Ridge is at $325,000. Seven of the 12 properties offered are potential short sales, two are REO (Bank Owned). You can download the list of homes for sale in Deer Ridge below, or search for them in real time here.

There are 34 Pending Sales in Deer Ridge, with an average asking price of $357,000. The highest list price among pending sales is $520,000 for a potential short sale property on Myrtle Beach Drive. The lowest priced pending sales are a couple of short sale listings at $250,000. There are four bank-owned homes pending and 28 transactions are potential short sales. The other couple of pending sales are traditional sales or investor flips.

There have been only 5 Closed Sales in Deer Ridge in the past 30 days – an alarmingly low number for the height of the summer market in Brentwood. Three of the five closed sales were successful short sales – however they took on average about 160 days to close escrow.  Download the details on all these Deer Ridge, Brentwood, CA properties below.

Note: There is a file embedded within this post, please visit this post to download the file.

Related posts:

1. Deer Ridge, Brentwood Market Update May 2010
2. Deer Ridge, Brentwood Market Update April 2010
3. Shadow Lakes, Brentwood Market Update June 2010

BUILD YOUR DREAM HOME!! JUST MINUTES TO FAST WATER...HURRY NOT MANY LOTS LEFT IN DISCOVERY BAY....

Property Type(s): Lot / Land

Schools

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Alain Pinel REALTORS

(view all details for MLS # 40215845)

Related posts:

1. 4455 Discovery Point, Discovery Bay CA
2. 4455 DISCOVERY PT, DISCOVERY BAY
3. 708 Crocket Dr, Brentwood CA

FABULOUS DEEP WATER LOT SECONDS TO FAST WATER. Stunning sought after views of Lido Bay. Fantastic location & exposure!! Prime end of Cul-de-sac location. Plenty of room for a huge dock! Architect drawing shows you can build approx 5150 sq feet w/ pool or 5750 without a pool. Build your dream home!

Property Type(s): Lot / Land

Schools

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Realty Investment Solutions

(view all details for MLS # 40470479)

Related posts:

1. 4455 Discovery Point, Discovery Bay CA
2. 916 LIDO CIR, DISCOVERY BAY
3. 708 Crocket Dr, Brentwood CA

The summer series will also stage Phillip Canville’s “Auction Gallery” and Andrew Lloyd Webber’s “Joseph and the Amazing Technicolor Dreamcoat.” All three shows are directed by Steve Kinsella of the Brentwood Playhouse and the Kinsella Theater Group and are sponsored by the Brentwood Art Society and The Streets of Brentwood.

“Guys and Dolls” runs through Aug. 1 and is followed by “Auction Gallery” (Aug. 13-29) and “Joseph and the Amazing Technicolor Dreamcoat” (Sept. 10-26). The Brentwood Playhouse troupe performs at 8 p.m. on Fridays, Saturdays and Sundays for the duration of each show. Tickets are $17 for general admission; $15 for seniors and students. Call 925-516-8500, ext. 203 to reserve tickets for upcoming performances.

Related posts:

1. The Streets of Brentwood Open-Air Mall Benefits Brentwood Area Residents
2. Brentwood Foreclosure List April 2010
3. Garin Ranch, Brentwood Market Update May 2010

The number of homes for sale in Brentwood is on the rise again, as overall activity slows in a market still dominated by short sales and foreclosures.

The average days on market for homes for sale in Brentwood was 38 days inJune , in line with the 37 days for May sales, but significantly less than the 57 days for closed sales a year ago. On average, Brentwood homes sold for 99% of their asking price in June, the same as last month, up from 97% of asking prices in June 2009.

Inventory of Brentwood Real Estate for sale is still very low, but has climbed to 201 homes on the market in June, compared to 167 homes on the market back in April, and in-line with the 199 houses for sale in Brentwood last year in  June.

Related posts:

1. Brentwood Home Sales March 2010
2. Brentwood Home Sales April 2010
3. Shadow Lakes, Brentwood Market Update June 2010

Inventory is still limited in the neighborhood, there are currently 9 homes for sale in Shadow Lakes in Brentwood, with an average list price of about $355,000. The highest list price among active listings is $419,000. The lowest is at $285,000. Six of the nine properties offered are potential short sales, one is REO (Bank Owned). You can download the list of properties below.

There are 32 Pending Sales in Shadow Lakes, with an average asking price of $346,000. The highest list price among pending sales is $489,000 for a property on E. Country Club Drive with a pool and Golf Course views. The lowest pending sale is at $200,000. There are three bank-owned homes pending and 23 transactions are potential short sales. The other half dozen pending sales are traditional sales or investor flips.

There were only 3 Closed Sales in Shadow Lakes in June 2010. 699 Canmore Court sold for $310,000 and 755 Altessa Drive sold for $320,000. Both of those sales were REO (Bank Owned) properties. 441 Montecito Drive was a Short Sale that closed at $320,000. Download the details on all these Shadow Lakes Brentwood, CA properties below.

Note: There is a file embedded within this post, please visit this post to download the file.

Related posts:

1. Shadow Lakes, Brentwood Market Update May 2010
2. Shadow Lakes, Brentwood Market Update April 2010
3. Deer Ridge, Brentwood Market Update July 2010

Foreclosure activity was mixed in June after being down across the board in May. Filing of new foreclosure notices rose, while foreclosure sales dropped. The number of foreclosure sales that were cancelled hit an all time record in June, but the increase was primarily driven by just one lender JP Morgan Chase, and it’s acquisitions including Washington Mutual. Although the number of properties purchased by 3rd parties at auction dropped significantly, they purchased nearly the same percentage of the total properties sold, and at a better discount to market value then we’ve seen in months.

Related posts:

1. Brentwood CA Foreclosure List, June 2010
2. Brentwood Real Estate Market Update June, 2010
3. Discovery Bay Foreclosure List April 2010

Fannie Mae recently announced policy changes designed to encourage borrowers to work with their loan servicers and pursue alternatives to foreclosure.  Under the new policies, borrowers who strategically default on their home loan despite having the capacity to pay and those who do not complete a workout alternative in good faith will be ineligible for a new Fannie Mae-backed mortgage loan for a period of seven years from the date of foreclosure. Borrowers who have extenuating circumstances may be eligible for new loan in a shorter timeframe.

Fannie Mae also will take legal action to recoup the outstanding mortgage debt from borrowers who strategically default on their loans in jurisdictions that allow for deficiency judgments. In an announcement next month, Fannie Mae will instruct its servicers to monitor delinquent loans facing foreclosure and put forth recommendations for cases that warrant the pursuit of deficiency judgments.

Troubled borrowers who work with their servicers, and provide information to help the servicer assess their situation, can be considered for foreclosure alternatives, such as a loan modification, a short sale, or a deed-in-lieu of foreclosure. A borrower with extenuating circumstances who works out one of these options with their servicer could be eligible for a new mortgage loan in three years or in as little as two years depending on the circumstances.

Contact me directly for information on the federal government’s HAMP (Home Affordable Modification Program) loan modification/home retention or HAFA (Home Affordable Foreclosure Alternatives) foreclosure alternatives including expedited HAFA Short Sales and DIL options.

Related posts:

1. Strategic Default Could Cost You Eight Years
2. HAFA Program – Making Home Affordable Video

Notice of Default filings are down compared to last month and this time last year, as banks slow the pace of processing the foreclosures. It’s most likely that the slowdown in filings is due to the banks’ efforts to work homeowners into loan modifications and short sales, which are more favorable foreclosure alternatives for all involved.

The success rates of these modification and short sale programs have been low due to inconsistent guidelines and ramp-up processes. However, I do expect to see more of these alternatives to foreclosures in the months to come. Meanwhile, distressed properties in Brentwood continue to dominate the real estate market, making-up the significant portion of homes for sale on the market.

There are currently over 417 homes in Brentwood that are in “auction” status, or the final stages of the foreclosure process. You can download the list of these properties for free by clicking on the link below.

Additionally, there are at least 313 properties in a pre-foreclosure state in Brentwood, most of which will be coming to market either as short sale or bank-owned listings within the next six months. In the past 30 days, there have been 47 properties that have either gone back to the bank (will come to market as REO listings) or sold to 3rd party investors (many of which will also come back on the market).

If you have questions about the foreclosure process, short sales, buying foreclosures or bank-owned properties, or saving/selling your home that is in foreclosure – please don’t hesitate to contact me directly.

Related posts:

1. Brentwood Foreclosure List April 2010
2. Discovery Bay Foreclosure List April 2010
3. Shadow Lakes, Brentwood Market Update June 2010