Santa Clarita Foreclosure Recap – the latest information

    Santa Clarita Foreclosure Recap

    We are looking at the Foreclosure and REO data in all of the Santa Clarita Valley Cities.  On this page you will see some of the latest research we pulled for all the SCV cities and the foreclosure recap therein.

    Pre Foreclosures – The Green Line – indicating the numbers of homes that have Notice of Defaults filed on them.

    Scheduled for Sale – The Blue Line – Indicating the numbers of home that are headed to auction.

    Bank Owned – The Red Line – Indicating the numbers of homes that are currently Bank Owned (Real estate owned – REO) inventory.

    With this type of data you can see how the  last year as been trending through Q3 of this year.  The Third Quarter (Q3) has shown a bit of a slow down in all of the Foreclosure Types.

    An interesting note can be made if you watch the green line, the pre foreclosures (nod filings), follow the line from left to right.  You can see that we were at the top of the Foreclosure Recap Chart – October of 2011 with the NOD filings.  The line then dips below both of the other foreclosure types – the Auctions and Bank Owned.  It holds that trend until March of 2012 – then starts to move to become the top of the Foreclosure Activity in June 2012.

    When properties are filed on with NOD – they typically go to foreclosure and enter the market as bank owned unless they are sold via a Santa Clarita short sale.  The other outcome could be if the current owners achieve a successful Loan modification or catch up on their payments.

    Be Safe – work well and let us know when you are ready for the Paris911 Team at REMAX of Santa Clarita to help you!

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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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