6 REO listings are in pending status – more info: See what Pending means
6 REO listings are in backup status – more info: See what backup means
That’s it – that is all of the bank owned foreclosure inventory in the Santa Clarita Valley Cities.
However, don’t be sad, this indicates that we are getting back to a healthy economy in the Santa Clarita Valley Cities.
Back in 2009 – the majority of the real estate market were foreclosures. Back then, it was about developing an expertise as a realtor keeping up with bank requirements, massaging the “asset manager” gears, and working hard for our Foreclosure Buyers.
Today, the hard work still exists, however, the banks have slowed down. We monitor the foreclosure and bank owned market and will continue to do so, even when the numbers get to less than 5 🙂
Some did not want to sell their home short. They were waiting until the market recovered fully, so they would be able to off load their real estate listing at a break even, or with very little out of pocket.
Due to our local Santa Clarita Valley and many real estate markets leveling off, it’s created concern and we are seeing an upswing in Short Sale listings, with our Short Sale team and with others in our SCV and SFV Cities.
Make sure you look at the new foreclosure inventory for the Santa Clarita Valley cities.
The link preceeding this text will show you everything that is currently REO/Foreclosure and for sale in the SCV Cities.
Also – Make sure you check out our Foreclosure Radar Resource. Here is it below: