Testimonial of the Day – Jenny

To The Future Clients of The Caton Team

Buying a house can be a very scary experience especially in the San Francisco Bay Area where very high stakes are involved.  I have purchased home in other states and nothing was quite like it is here.

The Caton Team helped smooth and ease the way whenever there was a ‘pothole-in-the-road’ on the way to owning my home.  It is nice having a “team approach” because I felt like I would receive two opinions that gave me different perspectives to look at.  I was then ale to see through their eyes the ‘diamond in the rough’ and, what I could do with it.

I found them to be kind, caring, understanding and sensitive to my needs, informative, diligent and sympathetic to my situation.  Their follow-through was great!  They didn’t leaving me hanging with “I’ll get back to you.”  They found the answers to all my questions and in a timely manner.

I felt they went above and beyond when I asked them to video tape an entire house, including a fuze box and “sniff” the craw space for me.  I happened to be in another state at the time and needed them to act quickly because the property I was looking at was very active.  This really helped because it made up my mind that I was gong to bid on it.

I liked the fact that, if I couldn’t reach Sabrina I could talk to Susan and, the messages got communicated between them. We were all on the same page!

I am so grateful that they were able to move quickly through the process so I could be in the game of the ‘biding war”.

And, as it turned out, with either advice I got the home I was bidding on and wanted!

Thank you Caton Team!

– Jenny B.

THANK YOU JENNY – YOUR KIND WORDS MEAN THE WORLD TO US!

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We love caring for our clients.  Whether they are buying their first home, selling their first home to buy their second home – or just trying to figure out how to accomplish their Real Estate goals – The Caton Team is here for you – with over 35 years of combined local Real Estate experience – how can The Caton Team help you?

Contact us for a consultation if you’re considering buying or selling real estate.

To read all our testimonials visit The Caton Team Testimonials and Yelp!

 

Got Real Estate Questions?   The Caton Team is here to help.

 

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text 650-799-4333

Email Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

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For Sale – 462 Sapphire St. Redwood City Ca

For Sale – 462 Sapphire St. Redwood City Ca

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ML81791285 – Offered at $1,648,000

3 Bedrooms  |  2 Bathrooms  |  1690 SF Home  |  6240 Corner Lot  |  Built 1949

This home is in great shape and ready for you to make your own.  Large living room, formal dining room, retro eat-in kitchen with gas stove, retro bathroom with shower over tub, spacious bedrooms, many built in storage features and lovely architectural details.  Situated on a corner lot, the courtyard patio is perfect for entertaining.  Laundry room, some great retro details, great bones, in good condition, dual pane windows, gorgeous floors, easy to move in and make your own at your own pace.  2 Car Garage, well water and close to Jefferson Ave and Alameda – at the corner of James and Sapphire.

More Info & Photos  |  Virtual Tour

Tune in on Sunday May 17th at 1pm for our 40 min Zoom VIRTUAL OPEN HOUSE 462 Sapphire St, Redwood City (password is 0000)

Contact The Caton Team with your questions and showing opportunities

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

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The Caton Team with some Seller Advice

Welcome to our new series by The Caton Team – Client Advice – things we’ve picked up in the past 35 years of being Realtors…

First impressions are very important. Selling a home is no different.  Contact The Caton Team for a private sales consultation where we tackle what the homes needs for sale, what The Caton Team offers and how we make your goal – our goal!

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Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.


 

REAL EATS – Copenhagen Bakery & Cafe – Burlingame Ca

REAL EATS – The beat on where to eat!
Hello!  Thank you for reading REAL EATS, where my passion for Real Estate and food meet.  On our next adventure we visit….

Copenhagen Bakery & Cafe – Burlingame Ca

My family have been going to Copenhagen Bakery & Cafe for over 5 decades.  They’ve taken care of my birthday cake for just about as many years and Copenhagen Bakery did our wedding cake too.  If that isn’t testimonial enough – then you truly need to go taste it for yourself.  The photo is of their Princess Cake that my darling mother gets me for each birthday.  Marzipan, raspberry, custard, whipped cream – a literal slice of heaven!

THEIR WEBSITE | MY YELP REVIEW | Their YELP PAGE | MY YELP BOOKMARKS | MY YELP PAGE

Photos of my Reviews on Instagram: The Caton Team Instagram

HOMES FOR SALE NEAR COPENHAGEN BAKERY

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Follow The Caton Team Blog – The Real Estate Beat, visit our Website – The Caton Team to start your own home search.  Read our Testimonials to get to know us or simply reach out – Call | Text Sabrina 650.799.4333 | Email  Info@TheCatonTeam.com.

The Caton Team does not receive any compensation for any posts, we use YELP for ease of use.  All restaurant reviews are unsolicited and unpaid. Photos of dishes and edites are my own. Information deemed reliable but not guaranteed. Third party information not verified.

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text |Sabrina 650.799.4333|Susan 650.796.0654|Email Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

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The numbers are in for 4.22.2020 – 4.28.3030 – County Stats

Hello Caton Team Friends,

We are truly blessed for all this lovely weather.  Some great homes have come on the market this week, some great homes sold fast.  We’ve seen price adjustments, live and virtual staging.

Below are this weeks stats.

Each market is unique and with over 35 years of combined Real Estate experience, The Caton Team is more than happy to be of service if and when you are considering a move. Contact us anytime and anytime during your journey, together we’ll help you achieve your reach estate goals.

 Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654  |  Email  Info@TheCatonTeam.com

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Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

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Mortgage Forbearance Is Not All It’s Cracked Up To Be—Here’s the Ugly Truth

Mortgage Forbearance Is Not All It’s Cracked Up To Be—Here’s the Ugly Truth

By Clare Trapasso

When Nicholas Dahl, 36, called Chase Bank to find out about his options for mortgage forbearance at the end of March, an automated voice informed him the wait time would be 43 hours and 45 minutes. Dahl, who runs his family’s art transportation business, hasn’t been able to draw a paycheck since all nonessential businesses in Illinois were shuttered on March 21 due to the coronavirus pandemic. And he doesn’t know how much longer he and his wife will be able to keep making payments on the three-bedroom house in the Chicago suburbs where they’re raising their 8-year-old daughter.

After three hours and 45 minutes on hold, and several times where he heard a woman saying “hello” before going back to the call music, he finally hung up. He emailed the bank for information instead.

Chase responded that he could receive mortgage forbearance for 90 days. During those three months, Dahl wouldn’t have to make his payments and wouldn’t incur late fees, get reported to credit agencies, or risk foreclosure. But once that period was over?  All of the missed payments would come due at once.

(After this piece was published, a Chase Home Lending spokesperson contacted us with this statement. “Over these 90 days we will be in communication with our customers to make sure they have the help they need. … We’re just holding tight for [government agency] guidance on how to handle each of these loans.”)

“I don’t really think it’s worth it,” says Dahl, who’s losing about $5,000 in income each month his business is closed. “I don’t really want to pay four mortgage payments in one.”

Dahl is one of many thousands of Americans who are having trouble making their monthly mortgage payments due to the coronavirus pandemic—or will soon, if the crisis drags on. In the past month, nearly 17 million Americans have filed for unemployment as shelter-in-place orders, social distancing measures, and nonessential business closures went into effect. Last week, economists estimated the unemployment rate was about 13%—worse than during the Great Recession. And those numbers don’t even include many out-of-work, self-employed, and gig workers along with those who’ve had trouble filing their claims because unemployment offices are overwhelmed.

The widespread misery spread by COVID-19 has left many homeowners scrambling to figure out how to pay their mortgages. Homeowners with government-backed loans—and even many without—are being offered up to 12 months of forbearance, doled out in 90-day chunks. But this temporary fix could result in another wave of foreclosures if additional assistance isn’t provided.

Many homeowners could be asked to pay back all of those missed mortgage bills in one lump sum at the end of the forbearance period, a near impossible feat for many who can’t afford their payments today and don’t know when the economy will recover.

Fannie Mae, Freddie Mac, and the Federal Housing Administration say their borrowers, who make up slightly more than half of all buyers, are never required to make lump-sum payments. They also offer various assistance plans, some more generous than others.

But even those homeowners will also eventually have to make good on what they owe, a hardship for those out of work. Those who can’t could eventually lose their homes.

“We are concerned about what’s going on right now, with many people going into these forbearance plans without a clear sense of what will happen at the end,” says Joseph Sant, deputy general counsel for the Center for New York City Neighborhoods. The nonprofit organization promotes and protects affordable homeownership.

“If we don’t see further action from Congress to fill this hole … we could see another foreclosure crisis when these forbearances end,” warns Sant.

Dahl’s uncertainty over what would happen at the end of his forbearance period prompted him to tap his savings and his wife’s ongoing salary as a dental assistant to make his $1,700 mortgage payment for their Rolling Meadows, IL, home. But the family can’t afford to do this indefinitely if he can’t get back to work. He’s already lost out on thousands of dollars of annual revenue, as many of the bigger art shows have been cancelled.

“I don’t like to leave things to chance, and I don’t want to lose my house because of something that is out of my control,” says Dahl. “Mortgage companies should be a lot more flexible. If they show flexibility, we will not have a repeat of ’08.”

The foreclosure crisis was in the rearview—until the coronavirus

Before the pandemic, the foreclosure crisis that followed the housing bust and lingered after the Great Recession had seemed firmly in the rearview.

In January, just 0.4% of mortgages were in some stage of foreclosure, according to the most recent data released by real estate data company CoreLogic. Meanwhile, only 3.5% of mortgages were delinquent, which means they were at least 30 days late.

But there are troubling signs those numbers could rise. About 3.74% of all mortgages were in forbearance in the week ending April 5, according to the Mortgage Bankers Association, a national trade group. That’s compared with just 0.25% of loans in forbearance in the week ending March 2.

The association expects the number of homeowners requesting forbearance to steadily increase.

About 15 million homeowners could rely on forbearance to get them through this crisis, or nearly a third of all single-family mortgages, predicts Mark Zandi, chief economist at Moody’s Analytics.

That could result in roughly 2 million foreclosures, says Zandi. To put that into perspective, there were around 7 million foreclosures as a result of the last housing bust.

“I don’t think a lump sum works, at least for most homeowners,” says Zandi. If there isn’t additional assistance offered, “there will be a lot of credit problems down the road, delinquencies, defaults, and foreclosures.”

Housing advocates are urging different kinds of assistance

Sant, with the Center for New York City Neighborhoods, is worried about the lack of uniformity among mortgage assistance programs, particularly between government-backed loans and non-government-backed loans. So available help can vary even though many mortgage companies and servicers follow the steps that Fannie and Freddie take.

Instead of forbearance, Sant would like to see the creation of a program to keep mortgage payments affordable, similar to the one the federal government created after the housing bust of more than a decade ago. It helped to save more than a million homes from the clutches of foreclosures and short sales. The program granted things like loan modifications, which could lower monthly payments, and deferments, which tacked missed payments onto the ends of loans, thereby extending their duration. These actions helped homeowners remain in their properties.

Many of the government-backed loans offer similar options.

(However, the federal government’s Home Affordable Modification Program was widely criticized for not helping nearly enough homeowners. And about a third of the borrowers who participated in the program wound up falling behind on their mortgage payments again.)

“There tends to be this initial, naive hope [from government officials] that, let’s put the situation off, let’s pause for a few months and hopefully at the end of it, people will recover and they won’t need deeper relief,” says Sant. “But we need to be planning now to provide meaningful relief.”

Many homeowners seeking mortgage assistance are wary of forbearance

Since the crisis began, Seattle-area business owner and author Debrena Jackson Gandy‘s income has dropped by about 30%. Her husband, an Uber driver, has seen his take-home pay fall by about 40%. And the couple were worried about paying both the first and second mortgages on their four-bedroom home in the Seattle suburb of Des Moines, WA.

So in late March, Jackson Gandy, 53, called her mortgage companies. The first one, where she has her primary mortgage, agreed to defer her April payment and add an extra payment onto the end of her loan. But her experience with Bank of America, where she has her smaller, second mortgage, didn’t go as smoothly.

The representative she spoke with offered her three months of forbearance instead. She could apply for a loan modification at the end of that period. There was no guarantee it would be granted.

“It was really shocking,” says Jackson Gandy. She runs Masterminds, a personal and organizational development company that hosts events, some of which have been moved online while others have been cancelled.

“If one month is a challenge, then how can I pay four months at once?” she asks.

She was a week late in making her April mortgage payment to Bank of America, because she had to wait for her husband’s earnings to come in.

(Bank of America offers deferments on its own loans, but it provides only forbearance, not deferments, on the government-backed loans it services. Chase is also a mortgage servicer for government-backed loans. Jackson Gandy isn’t sure if she has a federal-backed mortgage.)

“If you can make the payment, make the payment now,” says Rocke Andrews, a mortgage broker at  Lending Arizona in Tucson. He’s also the president of the National Association of Mortgage Brokers, a trade group.

“Don’t take [forbearance] if you don’t absolutely need it. It all becomes due, and who knows what happens between now and then,” he advises.

I read this article HERE 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.


 

The Caton Team with some Buyer Advice

Welcome to our new series by The Caton Team – Client Advice – things we’ve picked up in the past 35 years of being Realtors…

When considering a home purchase… Be flexible. Determine your budget and goal, then adjust accordingly to achieve it.

In our experience the home you think you want at the start and the home you actually buy are two very different homes – and that’s ok.  In the end – a buyer finds the right home for their life and budget.

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Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.