Foreclosure and Bank Owned update 2016-006

    Southern California foreclosures

    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.

    Search for only the Bank and Lender Owned Foreclosures

    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.

    View all the Distressed Homes 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…

    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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