Reo Wednesdays – Will foreclosures ever go away completely

    A question from Nick out of Valencia CA. Nick entered a question on our main Santa Clarita real estate website asking, “Connor, is there a market where foreclosures don’t exist?”

    Nick, no. They are always around. There maybe a time when there are none on the market for sale, at least on the public market that you can see.

    But, Foreclosures and Bank Owned, Real Estate Owned homes, condos and townhomes are always around, even if in super small numbers.

    This is because all that has to happen to kick off  the foreclosure process, is for the owner to stop making their mortgage payments.

    It does not have to be that they are Way Upside Down with Questionable Financing, as we observed in the recent past.

    To search for all of the available real estate listings classified as REO’s – click this link. Foreclosure Search Santa Clarita and Southern California.

    It could be that they have equity, lost their job, came down with some disabling disease, experienced a divorce, or other “traumatic” things.

    Life could have become so busy, regarding those “life changing” events, the mortgage payment could have lapsed and the homeowner could have become buried in “Bank Fees” when the Foreclosure or NOD was filed. (NOD – Notice of Default, a typical action when payment is not received by the bank for 90 days – a court filing putting them on notice that the terms of the mortgage are not being adhered to)

    Something you can use to get the BEST Residential Values with regard to real estate and homes has been provided by our Paris911 Team of Realtors with RE/MAX of Valencia CA.

    We built a system that will allow you to get what your home or any other home is worth, as long as it is in our neck of he woods 🙂

    Check out our BEST Residential Values Website!

    Latest REO / Foreclosure Activity:

    Your New Foreclosures alert, Paris911’s Auction Alert for Santa Clarita Valley, found a match.

     

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

    Auction 503337297 17764 SWEETGUM LN CANYON COUNTRY 91387 CA SFR 3446 5 4.00 04/16/2014 $592,390.00 $755,559.00

    Auction 500604463 30408 HIDDEN VALLEY CT CASTAIC 91384 CA SFR 3674 6 5.00 05/19/2014 $931,482.00 $824,168.00

    Auction 507427412 31218 QUAIL VALLEY RD CASTAIC 91384 CA SFR 1739 3 3.00 04/29/2014 $427,917.00 $317,659.00

    Auction 23783328 20610 ALAMINOS DR SANTA CLARITA 91350 CA SFR 1547 4 2.00 04/24/2014 $435,105.00 $556,594.00

    Your New Foreclosures alert, All Santa Clarita Cities – NOD filings – Updated, found a match.

     

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

    Preforeclosure 24565705 30374 JUNE ROSE CT CASTAIC 91384 CA SFR 3364 4 3.00 07/24/2014 $605,616.00 $454,965.00

    Preforeclosure 509608077 23515 LYONS AVE UNIT 142 SANTA CLARITA 91355 CA CND 987 2 2.00 07/24/2014 $225,360.00 $229,293.00

    Preforeclosure 500579548 27519 ESTERBROOK AVE CANYON COUNTRY 91351 CA SFR 1480 3 2.00 07/25/2014 $375,086.00 $870,500.00

    Preforeclosure 503456390 22624 GUADILAMAR DR SANTA CLARITA 91350 CA SFR 1680 3 2.00 07/26/2014 $435,479.00 $408,363.00

     

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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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