Santa Clarita foreclosure intel and updates – is Zillow copying us :) October 27, 2012

    Do you know about those “Z-Estimates”?  Those are the “computer generated” comparables that establish home prices and values in Zillow’s eyes.  Some of our clients cannot stand them and some think the zillow z-estimate is so/so.  No matter if you think they are the bee’s knees or not – Zillow is going to start another “publication product with the advertising of the Notice of Default filings”.

    They are going to start displaying for the world the Notice of Default filings(NOD’s).  If a homeowner has experienced a life changing event and no longer can afford to pay their mortgage, at some point, their bank or banks will record a Notice of Default with the court against their home. This act now becomes public record.

    Until this move – it was not “super public”. We write about the data, with a lot of respect being shown by our team because we handle a large amount of Short Sales for our Short Sale Sellers.  We are experts in the short sale field and do our best to keep the “human respect” in place when discussing such events.

    “Anyone can go through it, no one is immune.” – That quote was from Paris and she is exactly right.  There is no disgrace by experiencing hardships in life. We have had our fair share and there are going to be more in our future to be sure.  One of the things we think about this move is we are hoping those Santa Clarita properties that have had a NOD filed on them will be displayed with a certain amount of respect.

    We hope that this does not become a “look at the monkey” in the cage session for every would-be investor that has listened to a podcast or two or read a book about how to invest in real estate.  While a NOD filing is public record – I think some, in the public, will not be able to keep respectable levels of interest.

    CA Outcomes

    Just above – you will see the latest results of Foreclosure Activity within the Santa Clarita Valley.  This chart will update when the new information related to our SCV is published.  You can see the Foreclosure Cancellations – typically when someone achieves a successful loan modification or some type of principal adjustment by their bank.  The Sold back to Bank is the red field.  Most of the REO inventory gets sold back to the bank when the Auction round occurs.  However, it ultimately depends on the “interest” level at Auction whether or not these homes are “sold to 3rd parties” – the Yellow Field.

    If you are one of those that is turned on by the prospect of Zillow publicizing this data – remember, we have this in place – but it is protected by a client having to inquire.  Instead of us just firing blindly into the dark, we knew who we were sending the Distressed Individual home owner’s information to.  Zillow will publicize all of the personal information without verifying anything – Stay tuned for some ugly ripples…

    Our NOD filing resource was and is located at our Main Site within the MacBoX located at the top of the screen. Go there and type the words “foreclosure radar” into the MacboX to access it.

    Here are the latest in the Foreclosure releases in the Santa Clarita Valley Cities.  Enjoy and when you are ready for a Foreclosure Expert to help you – reach out to my Paris911 REMAX Team and I.

    Be Safe – here is the intel and talk soon:

    Your New Foreclosures alert, Paris911’s Santa Clarita Bank Owned Real Estate Alert, found a match.

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

    Bank Owned 177102 19615 GREEN MOUNTAIN DR SANTA CLARITA 91321 CA SFR 1817 3 3.00 10/26/2012 $327,115.00 $335,000.00

    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 505277696 27814 TAMBORA DR CANYON COUNTRY 91351 CA SFR 1144 4 2.00 02/16/2013 $259,774.00 $391,231.00

    Preforeclosure 505455960 27774 SUMMER GROVE PL SANTA CLARITA 91354 CA CND 1623 3 3.00 02/16/2013 $301,148.00 $501,351.00

    Preforeclosure 517160773 27902 GOLD HILL DR CASTAIC 91384 CA SFR 1067 3 2.00 02/20/2013 $244,070.00 $429,196.00

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

    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 500586568 28044 GOLD HILL DR CASTAIC 91384 CA SFR 1204 3 2.00 11/14/2012 $255,210.00 $380,708.00

    Auction 99257 18024 SARATOGA WAY 550 CANYON COUNTRY 91387 CA CND 848 2 2.00 11/16/2012 $113,921.00 $269,194.00

    Auction 509656765 27640 QUINCY ST CASTAIC 91384 CA SFR 1181 2 2.00 11/14/2012 $259,524.00 $387,408.00

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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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