We keep tabs on the Foreclosure inventory in the Santa Clarita Valley cities and today, as of the time of this post at 0424am, we have 13 active Foreclosure/REO listings currently on the market for sale.
Current REO listings
Mandan Street – Sundowner Way – Rue Drive – Wren Drive – Seco Canyon – Camino Allegre – Anzel Gaspher – Rocca – Whippoorwill – Bernardo Way – Town Center Drive – and Sycamore Creek.
Foreclosures taking the back burner
The one thing that is completely different in today’s real estate market is that the Foreclosures are not getting the attention they used to.
In the past, the REO listing (real estate owned – indicating bank ownership), sold quickly. Multiple offers within days, and with some banks waiting 21 days to review the listings, they were off of the market after that.
Taking longer to sell
Looking at these listings – we have a totally different view from the real estate buyers in today’s market.
The Days on market average is in the 50 day range and these 13 properties are still active and for sale.
Most REO agents are more marketers
It could also be that the REO agents handling these assets are not marketing or advertising them properly. But, that is a story for a different article related to the Foreclosure in the current market.
Below you will find the top 7 Bank Owned and Foreclosure listings on this list. If you want to see everything, click on the link preceding this REO list.
Be sure to visit Further Resources related to Foreclosures in Santa Clarita Valley Cities