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chrislussier
Chris Lussier

Direct: 408-472-8754

Office: 408-445-5163



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Coldwell Banker
1096 Blossom Hill Rd. Unit 200
San Jose, CA
408-445-5163


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San Jose Foreclosures

What the foreclosure settlement means for you

Tuesday, May 1st, 2012

The $26 billion foreclosure settlement has finally been given the green light, making it possible for roughly two million of the nation’s hardest hit borrowers to see a significant reduction in their mortgage payments.

http://money.cnn.com//2012/04/09/real_estate/mortgage-settlement-faq/index.htm

Watchdog blasts housing program for ‘hardest hit’

Thursday, April 26th, 2012

In a report recently released, the Special Inspector General for the Troubled Asset Relief Program (TARP) said that just 3% of $7.6 billion available in the Hardest Hit Housing Markets program had been tapped as of Dec. 31.

http://money.cnn.com//2012/04/12/news/economy/tarp_housing_program/index.htm

Foreclosures fall to lowest level since 2007

Monday, February 27th, 2012

Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties.

http://money.cnn.com/2012/01/12/real_estate/foreclosures/index.htm

One Antidote to Foreclosures: Good Schools

Thursday, December 8th, 2011

According to a recent Wall Street Journal article, good school scores may offer additional benefits besides providing a great education. Take a look at this article for details from a study provided by Location, Inc. Do you see similar trends in your area?

http://blogs.wsj.com/developments/2011/11/16/one-antidote-to-foreclosures-good-schools/

‘Trickle’ of foreclosures continues

Saturday, July 23rd, 2011

I want to make sure my clients are aware of this article in the San Jose Mercury News that says that homes taken over by banks “dropped almost 25 percent from May in Santa Clara County and 19 percent in San Mateo County”.

Buyers thinking about picking up foreclosures should think about their strategy while sellers worried about a new wave of foreclosures can breathe a little easier. What happens in Silicon Valley also affects surrounding areas throughout the Bay Area, as money naturally flows from one area to the next.

http://www.mercurynews.com/business/ci_18464099

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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