Good Morning, evening and afternoon. I’m Connor MacIvor with the REMAX of Santa Clarita Team. We are a local Real Estate Team which functions without borders – at least as far as Southern California is concerned.
Foreclosures and Bank Owned real estate listings
– currently within the map’s view – there are:
580 Bank Owned Foreclosures / Lender Owned REO’s (real estate owned). real estate listings for sale.
For a total distressed real estate number as of the date of today’s Hump Day Foreclosure Broadcast – we are currently tracking 3059 Distressed Listings in Southern California.
Short Sale and Short Pay Listings and Inventory
Of the 3059 – we see that Short Sales – those homes in which the owners are having their Realtor’s petition their lenders to allow these homeowners to sell those homes at less than what is owed, are a large part of the “distressed” real estate inventory.
In fact, we are currently tracking 2487 Short sales – pre foreclosures that are currently for sale in Southern California.
Buying real estate at a discount
Some of those Pre Foreclosures could be stellar deals for home buyers and investors. There are a lot of those homes which had been approved months ago, at prices that were back then, where in which the buyers are not in place any longer and they are going to hit the market active again.
When they hit the market, in most cases, the bank/lender is not going to order another appraisal – therefore, a real estate buyer could obtain a property like that at a large discount and walk in to it in an positive equity position.
We monitor all of the distressed real estate for our clients and we make phone calls to those listings which are in escrow, just in case and to do our due diligence when it comes to our real estate buyer representation method.
When you are ready – I will be here – reach out to me, Connor MacIvor and be safe…