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Are foreclosures going to make a comeback in 2015Maybe not one of those “spine tingling” foreclosure markets that we observed after the Bubble Popped back in late 2006 and early 2007, but maybe another Short Sale Market.

Back in 2005 – 10 years ago – from 2015, there we loans written with Balloon Notes that were due at 10 years.

This could be what will be enforced in 2015, with those Balloon Notes coming due, some won’t have the equity to refinance and will have to make use of other options.

Not all of those in 2015 will be using the Short Sale as their savior. Some will allow their homes to go to foreclosure. They will be hoping that the Cash for Keys will be enough to place them into a rental.

Some will just Foreclose and move along. Some will be beside themselves and hire those they hear about on the radio that will “modify” their loans. Or say they will :)

The bottom line is this. We don’t know the numbers, but do know these balloon note mortgages were very popular back in 2005.

Makes sure you are getting good advice and before you pay for anything, upfront, get what they are offering/guaranteeing in writing.

These basic rules of business methods will keep you safe.

An Example I get several times a week:

I received a call from someone that pitched they were sponsored by Google and they would be able to keep me on Page 1 for the specific keyword search of Valencia California real estate.

He said there were 325 people a month that were searching for that exact phrase.

He wanted $49.95 down and $129.00 a month, without a contract.

He said I could cancel at any time and that I would not because I would be at the top of page one for every single search inquiry for that exact key phrase.

I told him to email me that guarantee and he’d have a deal. He said that his company does not do email.

This is an example of what you need to watch out for and let me know if we can be of assistance, now or in 2015!

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Welcome to our REO Wednesdays Broadcast speaking about the foreclosure Markets. Here is the current recap:

Bank Owned real estate inventory: 133 real estate properties are bank owned.

Pre Foreclosures:  130 properties are in the Pre Foreclosure Status, having notice of defaults filed on them.

Real Estate Auctions:  88 real estate properties are scheduled for auction.

Los Angeles Luxury Foreclosure Numbers

Just for your knowledge – we have the Los Angeles Numbers reported and links so you are able to see those “distressed” real estate listings With opening bids over 1 million dollars.

There are a total of 271 real estate properties in Los Angeles with a distressed nature and a published opening bid of over $1,000,000.00.

130 pre foreclosure real estate listings with opening bids over 1 million dollars.

101 LA properties headed to the auction block with minimum bids of over 1 million dollars.

We also have 158 bank owned real estate properties that have the Estimated Bid Numbers at over 1 million dollars.

Click on the links to see the actual real estate intel we pulled this morning from our Foreclosure Radar Resource.

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Foreclosure inventory shrinks as if in cold water

October 15, 2014

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. During the past couple of weeks REO and Foreclosure reports, we have seen the real estate listings diminish in quantity […]

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7 Active Real Estate Owned listings currently on the SCV Market and they are reducing

October 1, 2014

Listen to our REO Wednesdays Broadcast at our Home Page of 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 […]

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Are more Foreclosures on their way to market?

September 17, 2014

9 Actual Real Estate Owned Foreclosures listings on the current Santa Clarita market for sale. 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 […]

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Santa Clarita Foreclosures intel and updates – what about Pre Foreclosures

September 10, 2014

There are a lot of hooks and various lead generation systems online that agents are paying for. These are by way of some of the large real estate syndication real estate websites. (I said real estate close in quick succession for a reason ) They are a force to be reckoned with and something that […]

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The Foreclosures are reducing hand over fist is there another wave coming?

September 3, 2014

When we speak about Bank Owned real estate and the foreclosure waive, we have to talk about other types of distressed real estate and changes on a larger Global Economic level. During the time since our start in real estate, in 1998 and present – we have seen the market climb and fall during the […]

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How long after I have a foreclosure or short sale can I buy a home again

August 25, 2014

This call comes in several times a week to our REMAX of Santa Clarita CA offices. Callers have looked online, but don’t want to tie up with a lender at this point, they just want information. So, this is pertinent to those of you with the question of when you are able to buy again […]

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Santa Clarita CA 91354 Valencia Foreclosures and Distressed Update

August 22, 2014

Zip Code, 91354 Valencia CA Foreclosures, Bank Owned, Auctions and Pre Foreclosure properties. Some of, in fact most of, these homes, condos and town-homes are not on the market for sale. We have a process in place to assist our Santa Clarita real estate clients with approaching, and potentially purchasing, properties like these and those […]

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Foreclosure Activity in Zip Code 91355 – Valencia in Santa Clarita Valley

August 20, 2014

This content has been updated as of 8/20/2014 – you can also use the same systems to “hunt” the distressed real estate listings in the Santa Clarita Valley Cities easily on our Foreclosure Radar System. The listings below are as of 0658am. There is a chance some will be saved by the property owners and […]

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