The recent loan modification programs for most big banks were set into motion as a part of the Obama Stimulus Plan. 75 Billion dollars was set aside to help homeowners who found themselves in over their head on their loan payments. The reality of the situation is that less than 4% of those who apply for a loan modification are actually given a … [Read more...]
The current financial crisis is just not limited to City Hall. The San Carlos School District is facing its own financial crisis. In a memo released from Superintendent Craig Baker, the SCSD and the SCTA (San Carlos Teacher's Association) had been meeting over the last few months to try and reach an agreement over current labor contracts with … [Read more...]
San Carlos currently has 52 single family residences in some part of the foreclosure process. It is interesting to note that this number is only higher by two, over the amount of foreclosed homes on the market last year at this time. First, it is important to note that there are different stages to the foreclosure process. Second, most homes … [Read more...]
(1) Overbids and multiple bids were the story of San Carlos real estate last week. 813 Tamarack, 142 Wildwood, 26 Beverly, 159 Ruby, 2230 Carmelita all fell under this category. (2) San Carlos has 32 Active properties and 28 Pending properties. (3) For those of you looking for an off-market listing, there is a 3/2, 1,500 square foot … [Read more...]
Councilman Matt Grocott describes his approach as one centering around common sense. At the same time, it would be nearly impossible to find a more polarizing figure in San Carlos than Councilman Grocott. From the budget to synthetic turf, his name is the one that consistently comes up. I thought long and hard about writing this post, but … [Read more...]
Click the play button below to hear this week's podcast on the San Carlos housing market. … [Read more...]
The perfect storm of market conditions in San Carlos is leading to some questionable tactics and dilemmas in certain transactions. Buyers that fully understand some of these pitfalls will be in a much better position to protect themselves against these unfortunate positions. My feeling is that this storm has been brewing for some time, but here … [Read more...]
Bianchini's Market in downtown San Carlos is our latest winner for the San Carlos Business Spotlight....and it's well deserved. Bianchini's lives up to it motto "Community * Quality * Service." Bianchini's Market is run by the Bianchini family, the same family which owned and operated the very popular Foodville, which was located a bit further … [Read more...]
Led by Superintendent Craig Baker, the San Carlos School District and members of the San Carlos Educational Foundation met with some San Carlos realtors today regarding the recent boundary changes to San Carlos school assignments. The SCSD emphasized three points: (1) All of the San Carlos schools rank among the top schools in the State of … [Read more...]
Get ready San Carlos! Chicken's Ball 2010 is on its way. With it roots dating back to the Barbary Coast in San Francisco in 1900, the Chicken's Ball has been a San Carlos tradition since it first premiered in 1940. Its primary goals: (1) raise money for San Carlos schools; and (2) build friendship in the community. Many of the participants in … [Read more...]
