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    Over 2 Million pending Foreclosures waiting in the wings…

    With all of the hubub about Foreclosures and their imminent release in Santa Clarita Valley, nothing has hit as of yet.  There is rumored to be over 2 million foreclosures that are being “held back” by the banks in order not to harm the current real estate market.

    The Foreclosure Real Estate marketMakes sense for most, but some buyers and sellers say, “lets finish it…” “Release everything, because that will be the fastest way to recovery…”  I am not sure I am in agreement. Think of it this way.  With the current rate of foreclosures, short sales, short pays and the notice of default filings – Real Estate is still going to continue to be in bad shape.  But maybe not as “bad” as it could potentially be.

    If all of the current “held” foreclosures were to be released, the market would stretch and groan – The Equity sellers might not be left with any choice but to either short sale their homes or let them go to foreclosure.  This, of course, would depend on why they are selling now and if they are doing so because they see the smoke on the horizon.

    I am not a very trusting soul.  I don’t know if 2 million in “pending inventory” can be stretched out so far that the market only maintains minimal declines.  I do know that more inventory would be a breath of fresh air for the buyers of the world.

    However, the market declining more abruptly, than it already is, would cause more of a economic upheaval.

    Here is the most recent foreclosure activity for the Cities that are within the Santa Clarita Real Estate community.  If you want to utilize our foreclosure radar service for any zip code in Southern California – Click Here. Pay particular attention to the notice of defaults within the neighborhoods you are focused on when running the Zip Code Search on our Foreclosure Radar Site.

    Your New Foreclosures alert, New Foreclosure Alert, found a match.

    Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

    Auction 37421492 17923 TOUCAN ST CANYON COUNTRY 91387 CA SFR 2531 4 3.00 07/19/2011 $432,615.00 $563,789.00

    Preforeclosure 489436 19033 PLEASANTDALE ST SANTA CLARITA 91351 CA SFR 920 3 1.00 10/26/2011 $210,927.00 $212,549.00

    Preforeclosure 23771441 19303 CEDARCREEK ST CANYON COUNTRY 91351 CA SFR 1080 3 2.00 10/27/2011 $301,281.00 $456,098.00

    Auction 177543 25426 WHARTON DR VALENCIA 91381 CA CND 1510 3 2.00 07/20/2011 $306,121.00 $406,636.00

    Auction 23823941 32328 GREEN HILL DR CASTAIC 91384 CA SFR 1046 2 2.00 07/19/2011 $263,391.00 $481,698.00

    Preforeclosure 23775656 27461 GARZA DR SANTA CLARITA 91350 CA SFR 1456 3 2.00 10/26/2011 $339,321.00 $342,214.00

    Preforeclosure 24709356 22454 PARAGON DR SANTA CLARITA 91350 CA SFR 1979 4 2.00 10/27/2011 $503,494.00 $167,450.00

    Auction 24540130 20360 RUE CREVIER 610 CANYON COUNTRY 91351 CA CND 964 2 2.00 07/20/2011 $173,265.00 $253,317.00

    Auction 535052 26921 LUGAR DE ORO DR VALENCIA 91354 CA SFR 1319 3 2.00 07/19/2011 $277,845.00 $591,340.00

    Preforeclosure 36020997 25745 PERLMAN PL A STEVENSON RANCH 91381 CA CND 1348 4 3.00 10/26/2011 $287,721.00 $4,787.00

    Preforeclosure 37420334 27711 THALIA LN SANTA CLARITA 91351 CA CND 2258 4 3.00 10/26/2011 $390,208.00 $474,309.00

    Preforeclosure 23782484 27180 MANOR CIR 19 SANTA CLARITA 91354 CA CND 1599 3 3.00 10/26/2011 $401,806.00 $414,017.00

    Auction 40527797 29241 LAS PALMAS CT SANTA CLARITA 91354 CA SFR 3568 4 4.00 07/20/2011 $601,965.00 $1,124,804.00

    Preforeclosure 23790368 25730 PERLMAN PL D STEVENSON RANCH 91381 CA CND 1348 4 3.00 10/26/2011 $266,441.00 $5,558.00

    Auction 14473 20309 RUE CREVIER 575 SANTA CLARITA 91351 CA CND 964 2 2.00 07/22/2011 $166,498.00 $276,739.00

    Auction 23800474 19846 SANDPIPER PL 84 SANTA CLARITA 91321 CA CND 1078 3 2.00 07/21/2011 $204,393.00 $8,855.00

     

     

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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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