Are you into foreclosures and bank owned homes in the Santa Clarita Valley Cities or within the other Southern California Areas?
We have just posted the intel related to the Santa Clarita CA Foreclosures, short sales, pre foreclosures and the bank owned inventory.
Santa Clarita Real Estate Valley Weekly Activity
- New Santa Clarita Listings – 83
- Santa Clarita listings that had price changes – 71
- Properties in SCV than had their escrows cancelled and are for sale again – 31
- Santa Clarita Home that entered back up status – 76
- SCV homes that did not sell – 9
- Homes in Santa Clarita Valley that entered the pending status in escrow – 53
- Total Sold homes this week in Santa Clarita – 79
Foreclosure Activity in Santa Clarita and So. California
- 132 homes, condos and town-homes in Santa Clarita Valley are pre foreclosures (short sales)
- 37 of those SCV residences are currently active and for sale
- 25 homes in Santa Clarita Valley are bank owned foreclosures
- 10 of those home in Santa Clarita CA are Active and for sale
- 10 of those Santa Clarita residences are in the pending status of escrow
- 5 Santa Clarita foreclosures are in backup status of escrow
Total Distressed and Standard Sale Numbers
- 677 total active Santa Clarita Valley inventory
- 1005 real estate listings are in active and backup status currently
- All statues combined in the SCV real estate inventory are 1289 homes, condos and town-homes
- Total Foreclosure Active real estate listings in Southern California are 259
During our real estate update we received a phone call from a male caller who wanted to know why he could not view and write an offer on a home that was in the “backup” offer position of escrow.
While he did not say it so “realtor-ish” I knew what he meant.
I said, the way the back up offer status works, you should have been able to view the home and write a “backup” offer. That is what that status is all about!
He responded that his agent, not us, tried and the seller’s realtor told him that he could not even have us view the property. The seller is “tired and stressed” out by the entire home selling process.
I explained, while this is not appropriate, this is not unusual.
Many times agents will use the backup status of escrow to continue to market the property to the masses on the real estate syndication websites.
This keeps the door open for leads from those who want to buy a the same home or a similar property.
That is BAD business, if you are teamed up with a real estate agent or team who practices this black art of “misleading clients”, stop and contact me asap!