Santa Clarita Foreclosures aren’t the majority of real estate for sale anymore

    Where have the Foreclosures gone?Foreclosures are reducing in Santa Clarita CA

    You maybe asking yourself when this happened.  When did the foreclosures become a much smaller part of the real estate market in the Santa Clarita Valley cities?

    It has been happening over the past 14 months.  Foreclosures and bank owned real estate seemed to be in it’s heyday back in 2011 and 2012 – however that tide has turned.

    Short Sales are almost finished

    Today the short sales are finishing up too.  They are slowing down because of the questions surrounding the debt forgiveness act that will cease to exist 12/31/2013, unless renewed and extended.

    Last year I remember there was a lot of talk, around this time, regarding the extension of the Debt Forgiveness act, however, as the sheep are silent before the shearers – nothing, nada, zilch.

    I’d imagine it is not even a topic that will be visited when there is so much going on with health care and other socioeconomic issues within the government.

    Too late and here is why

    So, if you are someone that has been contemplating a short sale, that boat has sailed. Even if you are with a bank that has a short sale process, like B of A, Wells Fargo and Citi Bank, you will be pushing the envelope to get your short sale approved and closed if you were to list it today.

    If you are still in the need to short sale your home, ask the agent you are interviewing, what the chances are of them succeeding.  If you are hearing words like, “Absolutely, 100%, guaranteed…” – I’d want that in writing if I were you.

    Play it out like this.  Let’s say for arguments sake you have all of the financials we need to start the process.  The next step is getting an offer, let’s say we get that – all in the same day.  There are very few banks that can give approvals in 15 days, come to think of, none we have worked with in the past can grant approvals in that amount of time.

    The miracle approval gets to us December 1, 2013, then what about the time it takes to fund and close?  A very tough order to be sure.  And that is if the bank’s appraiser (short sale bank), says that the value in which the buyer wrote their offer stands.

    Don’t hire sloppy realtors

    Just make sure you are getting good advice and make sure you are hiring those that are willing to back up what they tell you in writing.

    Be safe – talk soon and thanks for reading and watching.

    Your New Foreclosures alert, Paris911’s Sold to Third Alert for Santa Clarita Valley CA, found a match.

     

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

    Sold to 3rd 520281839 25926 MENDOZA DR VALENCIA 91355 CA CND 1718 3 3.00 11/12/2013 $567,499.00 $419,000.00

    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 520404151 18103 ERIK CT UNIT 482 CANYON COUNTRY 91387 CA CND 1089 2 2.00 12/05/2013 $203,046.00 $316,125.00

    Auction 505488250 28236 CLEMENTINE DR SANTA CLARITA 91350 CA CND 1764 3 3.00 12/03/2013 $280,345.00 $404,831.00

    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 160141 27875 BEACON ST CASTAIC 91384 CA SFR 1638 3 3.00 03/07/2014 $404,358.00 $842,079.00

    Preforeclosure 23782065 27419 WHITEFIELD PL VALENCIA 91354 CA CND 2750 5 3.00 03/07/2014 $689,486.00 $594,227.00

    Preforeclosure 500604463 30408 HIDDEN VALLEY CT CASTAIC 91384 CA SFR 3674 6 5.00 03/07/2014 $979,507.00 $916,068.00

    Preforeclosure 516972389 19234 AVENUE OF THE OAKS B SANTA CLARITA 91321 CA CND 806 2 1.00 03/07/2014 $147,021.00 $160,067.00

    Preforeclosure 509545644 27126 HIGHLANDS LN VALENCIA 91354 CA CND 1724 2 2.00 03/07/2014 $468,242.00 $167,668.00

    Preforeclosure 513124682 24012 TANGO DR SANTA CLARITA 91354 CA CND 2039 3 3.00 03/07/2014 $417,059.00 $535,258.00

    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 516926489 21233 WINTERSET DR SANTA CLARITA 91350 CA SFR 1794 5 3.00 11/12/2013 $407,058.00 $358,981.28

     

    Trackback from your site.

    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.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)