Pin It

Latest Foreclosures and Pre ForeclosuresAnd where have we come from? We have come from REO, Real Estate Owned, and foreclosure/distressed inventory, that was a majority of the real estate listings on the Santa Clarita Market for sale, to a mere 12 active REO listings.

One of the things we spoke about on our Wednesday Hump Day Broadcast having to do with Foreclosures is verifying who the REO is owned by before you put pen to paper.

Searching for the homes and REO listings is not that hard, you just need the “proper” resources that have themselves grounded in the local Real Estate markets.

Several years ago – back in the Santa Clarita Foreclosure markets of 2009, 2010 and 2011, we observed the way in which buyers made their offers was contingent on who the sellers were.

When it came to the “straight out” bank owned real estate listings – we educated our buyers that the only thing that was going to get them into the property was going to be two things. The highest price and the best financing.

The highest price and the best financing was not always that cut and dry. There were variations of both. That is when the bank would judge one offer as compared to another to see which carried more positive weight.

Achieving that right amount of “positive weight”, was a true testimonial to an Experienced Foreclosure and REO agent. One that you would have wanted to hire during those years and even today.

Here are a couple of personal and experience based opinions about writing offers on Foreclosure and Bank Owned real estate that may have me making enemies with the Foreclosure Realtors in the world.

First – the banks always triple checked offers that the “REO listing agent” represented when they were also representing the Bank.  That made it laborious when it came to the Sale Listing Agent representing the buyers on their same REO listings.

Second – the listing agent had very little to offer in the way of “convincing” the bank on which offer to accept. Sure, there were relationships made, but the Asset Manager would not be able to blame the real estate agent if things went awry or if they chose the wrong offer.

When it comes to making offers on real estate owned and foreclosure real estate listings, make sure you have your own and Foreclosure Experienced Representative.  Reach out to us when you are ready and thanks for reading our latest Hump Day REO Wednesday Update.

Don’t forget to listen in at our home page of The main Santa Clarita Real Estate Website, to our radio show.

{ 0 comments }

{ 0 comments }

Top Santa Clarita Foreclosures with Highest Price Reductions

June 27, 2014

Foreclosures and Bank owned properties, when they do not sell, they typically have their prices decreased. In this way, the banks adjust with the current market.  They typically do this in their pricing strategy. The banks pricing strategy depends on what type of real estate market we are within. Today, the Santa Clarita Valley real […]

Read the full article →

Could the past loan modifications create the next distressed housing market

June 24, 2014

13 – the number of Foreclosure listings across the Santa Clarita Valley Cities as of the time of this posting. Additional Resource: View the latest Santa Clarita Foreclosure Listngs We have see this number in the hundreds within the past few years. In fact, the only sale type for several months back in 2009 was […]

Read the full article →

Foreclosure Auction scams are out there just ask your Realtor

May 21, 2014

Today in the Foreclosure Realm within Santa Clarita Valley cities real estate we have 11 Foreclosure listings that are currently on the market for sale. Resource: What are the different statuses in Residential Resale? One of those is an Auction that is based online. Some of the Auctions that agents post into the MLS can […]

Read the full article →

Foreclosure Updates and a Video on the How To of Foreclosures

May 16, 2014

When it comes to looking for foreclosures online, be careful of some of the “lead generation” systems that abound on the world wide web. It would seem that your personal and private information is worth money. Some sites are able to get people to give up who they are by promising stuff too good to […]

Read the full article →

15 Active Foreclosure listings currently for Sale in Santa Clarita Cities

May 12, 2014

Shame on us – we have not been asleep at the wheel, we have been working diligently on our latest installment of our real estate market updates. During that time, we have seen a few Foreclosure Intel Updates come into our hopper to be published on our Santa Clarita foreclosure Blog. Below you will find […]

Read the full article →

Top Santa Clarita Foreclosure and Bank Owned intel

April 30, 2014

Today marks the umpteenth day of us doing our Foreclosure market updates. Enjoy the results – let me know if we can be of assistance! Santa Clarita REO’s Sold to Third Parties Your New Foreclosures alert, Paris911′s Sold to Third Alert for Santa Clarita Valley CA, found a match.   Stage Radar ID Street City […]

Read the full article →

One of the most hated Realtor Questions – Plus your Foreclosure Update

April 29, 2014

Here is the latest Foreclosure activity for the Santa Clarita Valley Cities. You will also get more “specific” information tomorrow during our REO Wednesdays Broadcast. All you have to do to listen to our REO Wednesdays Broadcast is go to our Main Valencia CA and Santa Clarita Realtor Website, click on the radio show “play” […]

Read the full article →

A Real Estate plan B can include the Santa Clarita Notice of Default Listings

April 22, 2014

In real estate, we always discuss with our Santa Clarita buyers and sellers, the possibility of needing a Plan B. Sometimes, real estate does not go as the buyers and sellers would like. Even in a “hot market”, sometimes a seller’s home, while being able to attract many views and visits, does not sell. It’s […]

Read the full article →