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We have been searching the foreclosure and short sales – other distressed real estate inventory and have come up with the following new Foreclosure Listings that have been posted in the Santa Clarita Valley Cities.

Santa Clarita Foreclosure Real estate agentsDuring the past couple of weeks REO and Foreclosure reports, we have seen the real estate listings diminish in quantity during the past several weeks. Not to mention cutting by almost 50% in 2013 within the Santa Clarita Valley Cities.

We did a bit of a break down with regard to the newest Foreclosure and REO listings. REO stands for Real Estate Owned, typically depicting a line from a banks accounting sheet – REO.

With the current five REO listings in the SCV cities, we see that we do have “shrinkage”.

Looking at the Days on Market timeframes and how to best “hit” the current reo inventory with “lower than asking price” offers, we see three properties fitting that criteria.

Crosspath Ave – Raintree Lane – Dickason Drive #39

Each of these Santa Clarita REO listings are getting close to a bank reduction guideline. Not all banks operate in the same “exact” way. While most banks have their reductions at the 30, 60 and 90 day (cut and reassign) marks in time, some don’t attend the same school of thought.

It is also the case with regard to how much “power” their listing agent has and with their relationship with the Asset Manager at the bank in question.

Most banks do their reductions at the 30 and 60 day point. When I mentioned the 90 day cut and reassign, that means that at the 90 day point, if the REO has not sold with their current agent, the property is snatched from the current listing agent, who only had a 90 day contact to begin with, and reassigned to a new REO Realtor.

Crosspath – has been on the market for 69 days. It’s getting close to being reassigned, so the agent may go out farther than normal in their attempt to convince the bank they need to take any offer submitted.  (That is how we’d approach a sale with these numbers related to Days on Market for our Foreclosure and REO buyers)

RainTree – that one is coming up in 50 days on market – close to 60, now would be a grand time to fire off a less than asking price offer if you were interested in it.

Dickason – This one is getting close to 30 days on market. They already may have a price reduction strategy in place and a number in mind. An offer of 3-7% below FMV would be on target for this REO listing.

Reach out to my Team when you are ready to make your dream of homeownership a reality and we will be there for you and yours. Ask for us by Name at REMAX of Valencia – We are The Paris911 Team of Realtors.

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Listen to our REO Wednesdays Broadcast at our Home Page of Paris911.com

Looking back to a REO Wednesdays report we put together merely a few weeks ago showing our local Foreclosure Market having 14 Foreclosure Listings for Sale in the Following Cities:

  • Castaic
  • Canyon Country
  • Newhall
  • Saugus
  • Stevenson Ranch
  • Valencia

That has reduced even further to a total of 7 Active real estate foreclosures. As of the time of the Real Estate Broadcast we did today, we had 8. By the time I am writing the content to discuss the Foreclosure market in the SCV cities, we have reduced by one.

We have 3 of the Foreclosure listings that are in pending status – meaning they are in the “strongest form” of escrow. Most of the more reputable real estate syndication websites will show these listings as being “in escrow”.

6 of the real estate listings are in the “backup” status – meaning they are in escrow, under fully executed contracts, however – the sellers (bank or the ownership entity) wants to generate additional offers just in case the primary falls out. Most of the real estate syndication websites may not be rendering as “backup”, causing most real estate foreclosure buyers to think they are fully active and open for offers.

Santa Clarita Pre Foreclosure Listings 10012014

 

Address City Sq Ft Beds Baths Est. Value Est. Equity % Sale Time Sale Date Est. Bid Position Date Recorded

28212 KELLY JOHNSON PKWY STEV2A80LENCIA 1,353 $641,000 69 8/8/2014 $107,144 1r 4/10/2014
23545 VIA ELISO VALENCIA 1,225 2 2 $420,079 -3 8/7/2014 $429,922 1 4/9/2014
26133 MCBEAN PKWY UNIT 124 VALENCIA 1,252 2 2 $426,364 66 8/28/2014 $4,272 2 4/30/2014
25716 PLAYER DR UNIT T16 SANTA CLARITA 1,041 2 2 $309,151 3 9/2/2014 $422,982 1 5/5/2014
24151 DEL MONTE DR UNIT 348 SANTA CLARITA 1,112 2 2 $395,473 -2 9/11/2014 $4,907 4 5/14/2014
23421 VIA GAYO VALENCIA 1,429 3 2 $439,174 39 9/18/2014 $531,244 1 5/21/2014
24969 AVENIDA BALITA VALENCIA 2,336 5 3 $529,477 -19 9/17/2014 $727,910 1 5/20/2014
23811 DEL MONTE DR UNIT 112 VALENCIA 710 1 1 $340,107 -31 9/24/2014 $5,878 2 5/27/2014
23905 WINDWARD LN VALENCIA 2,748 3 4 $670,390 66 10/1/2014 $4,846 2 6/3/2014
23629 DEL MONTE DR UNIT 283 VALENCIA 940 2 2 $352,960 -60 10/11/2014 $280,756 2 6/13/2014
23905 WINDWARD LN VALENCIA 2,748 3 4 $670,390 66 10/16/2014 $235,762 1 6/18/2014
23905 WINDWARD LN VALENCIA 2,748 3 4 $670,390 66 10/17/2014 $5,066 3 6/19/2014
23621 VIA PRIMERO VALENCIA 1,374 2 2 $478,368 -5 10/28/2014 $436,339 1 6/30/2014
26811 NORTHBROOKE LN VALENCIA 2,217 4 3 $508,574 1 10/25/2014 $4,986 2 6/27/2014
26534 TURNSTONE CT VALENCIA 1,985 3 3 $630,156 21 10/24/2014 $315,237 1 6/26/2014
23245 BEACHCOMBER LN VALENCIA 2,167 3 3 $481,809 9 11/4/2014 $8,603 2 7/7/2014
24397 EL MOLINA AVE VALENCIA 2,740 4 3 $639,147 -104 11/8/2014 $695,803 1 7/11/2014
26938 COLONIAL LN SANTA CLARITA 2,069 3 3 $538,424 11/13/2014 $7,386 2 7/16/2014
25402 VIA PACIFICA VALENCIA 1,596 4 2 $466,308 -17 11/26/2014 $541,093 1 7/29/2014
24001 ARROYO PARK DR UNIT 83 VALENCIA 790 1 1 $273,182 25 11/29/2014 $362,928 1 8/1/2014
25368 AVENIDA RONADA SANTA CLARITA 1,817 4 2 $467,887 12 12/10/2014 $438,809 1 8/12/2014
27022 VICTORIA LN UNIT 87 SANTA CLARITA 990 2 2 $292,447 -18 12/9/2014 $5,570 2 8/11/2014
24432 HAMPTON DR UNIT A SANTA CLARITA 1,850 3 3 $600,310 25 12/24/2014 $483,010 1 8/26/2014
26970 COLONIAL LN VALENCIA 2,069 3 3 $540,449 -30 12/27/2014 $768,289 1 8/29/2014
27009 CARMELITA DR SANTA CLARITA 2,356 4 3 $679,103 22 12/27/2014 $519,755 1 8/29/2014
26125 MCBEAN PKWY UNIT 32 SANTA CLARITA 1,154 2 2 $436,234 22 12/27/2014 $327,554 1 8/29/2014
25628 ALICANTE DR VALENCIA 1,018 2 2 $404,310 22 1/17/2015 $333,651 1r 9/19/2014
23536 VIA BARRA VALENCIA 1,767 4 3 $478,368 -2 1/23/2015 $334,519 1 9/25/2014
26819 BAYPORT LN VALENCIA 2,272 4 3 $517,015 14 1/23/2015 $511,225 1 9/25/2014
25792 ALTA DR VALENCIA 2,279 4 3 $701,334 20 1/22/2015 $733,775 1 9/24/2014

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