33 Real Estate Owned listings currently on the market in the SCV cities

    Looking through the REO listings currently for sale in the SCV cities has the most expensive, that just experienced a price reduction, tapping out at $639,900

    That one is on Milhouse Drive in Valencia. http://blog.paris911.com/idx/mls-sr13168183-26572_millhouse_drive_valencia_ca_91350

    Santa Clarita Foreclosure NewsIf you click on the link and if there is a red box saying the listing cannot be found – it is no longer available.

    We have posted up all of the current real estate owned foreclosures that are currently listing in Santa Clarita California here.

    When approaching the Foreclosures and Bank Owned inventory, there are a couple of things to consider.

    Is the agent you are working with able to inform you as to how the banks operate?  Is this by their experience with dealing with buyers of REO listings or by them themselves having worked(working) with an actual bank that is letting that Realtor handle their Foreclosure assets.

    The other thing to consider is whether or not the market is climbing or reducing.

    Because we have been to literally hundreds of hours of training with Citi Bank, and the Five Star Conference, we know how the REO banks operate when it comes to pricing real estate.

    We have also sold over one hundred assets for Citi Bank as well, we know the inner workings when it comes to “offers chosen – how and why cash may not be the best advantage – and why a VA offer may be accepted above cash…”

    In a declining market – the REO listing is going to be priced at a 90 day estimate of value.  If the market is declining, then the listing’s 90 day estimate of value is going to be lower than the date the listing was given to the REO Agent.

    If the market is increasing, then the price for that REO asset is going to be more expensive from the date of the listing contract that is sent to the REO real estate agent.

    The critical question is exactly how much in each circumstance?  Make sure you have your real estate agent cover these topics during their “crash course” on real estate before journeying out to view real estate listings that are for sale.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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