Buying a Foreclosure like a Boss

Of course, if we all did everything “like a boss”, we’d get everything that we ever wanted.

Sadly, that is unobtainable, however, when it comes to Foreclosures, Bank Owned and Short Sale properties – I maybe able to help you wrap your mind around the “like a boss” thing.

First – the Update for Santa Clarita Valley Cities:

My Santa Clarita foreclosure team is currently tracking 286 REO, Foreclosures, Pre Foreclosures, properties headed to auction and properties that were sold at a Trustee’s Sale.

The exact breakdown for the SCV Cities – including Acton, Agua Dulce, Castaic, Canyon Country, Saugus, and Valencia is:

  • 286 Total distressed real estate properties in the SCV
  • 115 are pre foreclosures – notice of defaults have been filed on them
  • 76 of those real estate listings are headed to the auction block
  • 80 of those homes are bank owned currently – fate has not been decided on by the bank
  • 15 of those properties had been sold to a third at a trustee’s sale

Resource: Search the Santa Clarita Foreclosure Inventory

Santa Clarita Foreclosure intel

Stevenson Ranch Foreclosure Update

The City of Stevenson Ranch is not apparent in the report for the Santa Clarita Valley Cities. Even though it is inside, for purposes of the bank owned feed and the pre foreclosures – when running Santa Clarita – it’s not present.

Here are those numbers as they relate to the City of Stevenson Ranch in the Santa Clarita Valley:

  • In Stevenson Ranch CA I am currently tracking 24 real estate listings of the distressed kind
  • 14 of those are of the pre foreclosure variety – meaning they have had NOD’s – Notice of Defaults – filed on them
  • 2 of those real estate listings are headed to the auction block
  • 7 of those homes are currently bank owned – no immediate fate
  • 1 of those homes sold to a third – good chance that will re-enter the for sale market in SR

Resource: Search the Stevenson Ranch Foreclosure Listings!

Foreclosures and bank owned properties in Stevenson Ranch


Active Foreclosures in the Santa Clarita Cities

We have included Stevenson Ranch with the rest of the SCV Cities in this update for the active real estate inventory that is currently distressed in some way, shape or form.

Currently we are tracking the following “active” foreclosures and bank owned inventory in the SCV:

  • Total of 25 distressed real estate listings are currently on the market for sale
  • I am tracking 13 Active Foreclosures in SCV
  • 10 of the 25 are in the Pending Status of Escrow
  • 1 of the real estate listings that is a Foreclosures is in the Back Up Status

Resource: View these Foreclosure Listings Now!

Current Foreclosures for sale

Buying Foreclosures and Distressed properties like a Boss!

First thing you are going to need is a crash course on Buying and investing in distressed properties.

Also, if you are are a large investment group, we are not a good fit for you. We want individual investors. We want those who we can prove to that we are the “bees knees” and that will refer us to their local sphere of influence.

We get calls all of the time from the “pivot points” for large investment outfits, wanting us to give them the inside track to any of our personal listings that fit their criteria, call me crazy – but I’m not interested.

I would rather work with the couple or single person that wants to get their hands on a “good deal” when it comes to distressed and REO inventory.

BTW – before I get any deeper into the subject of “buying Foreclosures like a Boss”, may I say this; When it comes to all of our real estate buyers, distressed inventory is always a part of our method.

“Method” – the way we hunt for our real estate clients all of the “available” real estate listings for sale, distressed or not.

For the Foreclosure and Distressed investor – we only search the Distressed properties – whether on the market or not.

Bank Owned – These homes are not all on the market for sale. That is when your Realtor is able to hit them with you as a buyer. Running a title search takes time, but the owner and mailing address can be found. It maybe Wells Fargo, the question is whether or not your Realtor has a previous connection with Wells Fargo they can call to pave the way for them to accept an offer from you?

Non Bank Owned – Hedge Fund, investment group and other owners: This type of ownership can be approached with less “bloat” that we run into with the “big 5 banks”. They want to get a “deal” that makes sense and that will allow them to appease those in their investment group. Getting them to open the letter is the hardest part.

Pre Foreclosures – Some are actually on the market as short sales. Short sales are those homes where the owners are wanting to sell them at less than what they owe to the bank.  The approach is simple, just write the offer that is accepted and submitted to the bank for review. Keep tabs on the real estate market and if prices go up, and Fair market Value exceeds the amount you wrote the offer for, expect an increase by the bank.

I’m Connor with REMAX of Valencia and REMAX of Santa Clarita – Glad to be of service!

Foreclosures are Still in High Demand


Santa Clarita foreclosures

Good Day everyone, I’m Connor MacIvor with REMAX of Santa Clarita‘s Paris911 Team of Realtors.

Who we are – just in case you don’t know :)

Paris911 – Paris is for a person, not that person and not a place – but one of the team leaders of our RE/MAX Realty Team.

The “911”, that would be me after serving and protecting the people in Los Angeles for so many years, earning myself a Honorary Retirement – Proud to have served – 17 years full time –  quit – then signed up to be a reserve for an additional 5 years…

Foreclosure and Hump Day REO Update

Today is our Foreclosure update and REO real estate radio show. We are going to get into the numbers as they relate to the distressed homes, condos and townhomes.

Some of what we are going to cover is not on the market for sale as of yet. Some are. Some of the homes are bank owned with no “end Stevenson Ranch bank owneddate” or “final disposition” on the chart. Others have final dispositions and will be heading to the “resale” or “auction” market in the next few days.

We covered the “off market” distressed inventory and those 167 homes, condos and townhomes that are currently for sale or currently wanting back up offers, of the short sale variety.

Santa Clarita Cities

As you can see we have 289 properties that are in some type of distress throughout the Santa Clarita Cities.

These include Castaic, Canyon Country, Newhall, Saugus, Valencia, Acton and Agua Dulce.

117 of these homes are of the pre foreclosure type in Santa Clarita Valley. That means that there has been a “real and actual” notice of default filing on these homes. The bank is telling the court they have not received the “agreed upon” payment from the person they lent the “mortgage money” to in the first place or the one who’s paper they bought at a later date.

Some of those homes will be saved. Some won’t. Some of those pre foreclosures will be approached by me and I will let the homeowner how I am able to help them by Short Selling their home.

Some of our real estate buyers will benefit from my efforts too.

74 of these homes are headed to the auction block. Auctions are held in one of two places – Either Norwalk or Pomona. They are cash deals. You will need to take a cashiers check with you and that is your Max Bid Amount.

Going to the auction is not something you should take lightly. You have to be teamed up with a professional and to make sure they have completed their due diligence on the home you are about to bid on. What is there are due property taxes on the home – they are your responsibility after you buy it at the auction. What if there are people living on the home you just bought at auction – they may have to be evicted. What if you ran into the “pacific heights” scenario with those living in the home after you bought it at the auction?

There are so many things to think about when buying real estate at the auction – a lot of preparatory work and a lot of due diligence by all involved in the process.

81 of these Santa Clarita homes are bank owned. When we are working with our real estate buyers, we monitor this channel for each of them individually. If there is something that can be purchased from the bank, we make that an option and let our clients know. That is why this is so very important to include for those who are looking to purchase real estate. Just by today’s numbers – 198 homes are up for grabs that are not on the “typical residential re-sale market” which is the local Multiple Listing Service.

First Steps in Foreclosure and Distressed Procurement

We will need to meet. My office, at a pre scheduled time. When we do I will walk you through our buyer representation process and give you the insight that I have gleaned from representing buyers and sellers since 1998.

You and I will develop your very own real estate game plan at that time.

Thanks for taking the time to read up on our Wednesday REO and Hump Day Foreclosure Broadcast.

We look forward to doing business with you soon.

Rumored Shadow Foreclosure Inventory is alive and well

Good Day everyone – I’m  your host of the daily real estate radio show for the Entire Santa Clarita Valley Cities. In fact, you will see that we have a 7 day a week format and talk about the local markets on every day, with little exception.

Before we get into the “shadow inventory” rumors that I will dispel, I’d like to get into the radio shows we have concluded to this point during this week.

Are Foreclosures really better deals?

Santa Clarita housing Market updates:

Santa Clarita Foreclosure Update

Our Wednesday Foreclosure Update for the Santa Clarita Valley Cities includes the cities of Acton, Agua Dulce, Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia.

In the City of Santa Clarita – including the Cities of Acton, Agua Dulce, Valencia, Saugus, Newhall, Castaic and Canyon Country – I am currently monitoring 291 distressed real estate listings, whereas a majority of those are not on the market for sale.

These properties consist of the following distressed profiles:

  • 118 properties are in the Pre Foreclosure status in the Santa Clarita Valley Cities.foreclosure experts
  • 76 of these homes, condos and townhomes in the SCV are headed to the auction block.
  • 79 are Bank Owned listings (reo’s), real estate owned, in the Santa Clarita Valley
  • 18 of the Santa Clarita homes have been sold to a third at a trustee’s sale – where they will be coming back onto the market, being offered for sale, in most cases.

Stevenson Ranch Foreclosure Update

The City of Stevenson Ranch, while is is located within the Santa Clarita Valley, the distressed real estate numbers are tabulated separately when I run the Numbers in our Foreclosure Search Engine.

Here is how Stevenson Ranch is stacking up compared with the other cities in the Santa Clarita Valley:

  • I have been monitoring 27 distressed Stevenson Ranch real estate listings.
  • Of these I am keeping tabs on 16 which are pre foreclosures in Stevenson Ranch.
  • 3 of the homes I have been keeping an eye on in Stevenson Ranch are headed to the auction.
  • 7 of the Stevenson Ranch real estate listings are owned by banks.
  • As far as those that have been sold to a third at a trustee’s sale, I have three I have been monitoring.

Stevenson Ranch Foreclosures and List Report

Stevenson Ranch Foreclosure Report page 12

Shadow Inventory Rumors

It’s easy to write something that knee jerks people into talking about it. Such is the case with Shadow Inventory.

This is the term that is used to talk about some “secret” distressed real estate that is going to hit the market causing advantages to real estate buyers of the world.

These “advantages” are usually in the “price” as they pertain to real estate listings and the home prices.

While you can see we have some “shadow” inventory in the Santa Clarita Valley. There is no means enough units that will cause this current market harm.

Prices will be steadily increasing in value with stagnant points throughout the rest of this year and into next.

The next time you hear “shadow” inventory and then someone wants you to give up who you are – be careful!

As you can see – there are homes and properties that are in some semblance of distress.  Contact my Team when you are ready for us to take the helm and assist you with your real estate needs.

Santa Clarita Foreclosure Updates for the Off Market Distressed Real Estate

Good day everyone, this is Connor MacIvor, with the RE/MAX of Santa Clarita and RE/MAX of Valencia Paris911 Real Estate Team.

Serving the Santa Clarita Valley cities and the Surrounding Los Angeles areas with regard to real estate representation.SCV Foreclosures and Distressed

Why Paris911?

Paris is for a person – I was an LAPD cop for a long time and together we are Paris911!

Our concept was simple – make sure everyone that uses our team is protected in the best ways possible. Never throw a real estate client under the bus and always keep them informed during every step in the process.

Foreclosure Update

Today is our Foreclosure and REO updates for the Santa Clarita Valley Cities and we are currently tracking over 300 distressed pieces of real estate in the Santa Clarita and Stevenson Ranch areas within Southern California.

A little bit of panic from a Seller!

Within real estate, we get questions from buyers and sellers of homes. Yesterday we had a couple of our sellers who wanted to know what a buyer can be expected to pay in closing costs.

I responded that it’s about 3% – most of the time a bit less. I then continued to say that the buyers closing costs include the buyer’s title fee, the buyer’s escrow fee and the buyer’s lender fee.

I was curious why they were asking, because we did send them a counter for an offer that was received on their home.

After we went over it with them, we had them sign and sent it off to the other agent representing the buyer.

They are having to sell for their break even amount. Meaning there is no “fat” to trim. The home and amount they have in equity is very thin.

In real numbers, the amount of the buyers closing costs on their home would be about $12,000.00.

However, I was still confused because, if my memory served me right, we countered for the buyer to pay their own closing costs.Distressed real estate listings

I was miffed while on the phone, I was driving, and I said, “I’m in a quandary…  Please read to me where you are seeing that you are paying the buyers closing costs.”

I told the sellers to look on the counter offer and read to me what it says…

The seller said, “Seller to pay buyers closing costs…”

I said, do it word for word….  The Seller read, “Seller not to pay buyers closing costs…”

Wow – A word like “NOT” – being missed can create a lot of stress.

I’m glad that was cleared up.

The Foreclosure and Distressed Numbers

During the Foreclosure Update we are watching that Valencia CA proper – has 96 total distressed real estate listings across 4 different type variations.

  • Total of 96 Distressed Listing in Valencia
  • 42 of those are properties that have had notice of defaults filed on them (pre foreclosure)
  • 25 of those listings are headed to the auction
  • 20 of those real estate listings in Valencia  are bank owned listings
  • And 9 of them have been sold to a third at a trustee’s sale

If we take a look all over the Santa Clarita Valley cities – we see the following numbers of “in process” distressed real estate listings:

  • We have a total of 289 real estate listings in some sort of “distressed state” in the Santa Clarita Valley Cities
  • In Santa Clarita I am currently tracking 116 pre foreclosure listings for our clients
  • We are also monitoring 75 properties in Santa Clarita that are headed to the auction
  • 79 real estate listings in the Santa Clarita Valley are bank ownedStevenson Ranch Foreclosures
  • 19 have been sold to a third at a trustee’s sale.

Searching out of the box!

All of this data is important for those of you looking to purchase real estate in an “out of the box” fashion.

The location where I go on a daily basis is within our Foreclosure search engine that is located at the home page of Paris911.

Tomorrows Radio Show

Tomorrow we will be talking about our Truth in Lending Broadcast. We will have the information uploaded to the website and we hope it serves you well.

As always we will have a tip or two to share about hiring lenders and getting the best deals on borrowing money.

I’m Connor MacIvor with REMAX of Santa Clarita and we are glad to be of service to you and yours.



The Foreclosure Daily is out 2015.035

Real estate Foreclosures Santa ClaritaClick Play for the Show! —–>

Good Morning – I’m Connor MacIvor, your host of the Santa Clarita real estate daily radio show and podcast.

Today is our Hump Day Foreclosure Updates and we will be speaking about those properties, you see glittering the maps below, that are all in the “distressed” real estate arena.

Santa Clarita Distressed Homes and Properties

We have been monitoring the Pre foreclosures in Santa Clarita Valley Cities. Included are Castaic, Canyon Country, Valencia, Saugus, and Newhall.

You can see that we have 115 pre foreclosures that have current Notice of Defaults(NOD) filed on them.

These Santa Clarita NOD properties may be available, if you are interested. It’s just going to take a little “additional” work by your Realtor. We always include properties such as these when our clients sign up to be our real estate clients. It just makes sense and if we are able to get one out of ten for our real estate clients.

For the Santa Clarita real estate auctions, we have 77 real estate listings that my Santa Clarita Foreclosure team has been monitoring. The data is available by email inquiry reference to the bid amounts, the location of the auction and the total financial record that preceded the auction scheduling event.

Here is the “bank owned” inventory in the SCV Cities that have not been “dealt with”. They are still bank owned (reo’s), and this is something the banks don’t want to have. They need to off load these listings – the 81 Bank Owned real estate listings  in the SCV cities.

The approach with regard to a Santa Clarita bank owned home is not different for the client we have that routinely has my team search this property type, the Bank Owned focused buyer. I’m speaking also about searching for properties such as these for every buyer.

Those buyers that come to us with a specific focus on the bank owned niche – we approach that search in the same exact way. Both are included with every client we represent.

At the end of the day, we are not scared of hard work. Giving our clients “that much more” ends up in us being even more successful in the future of our real estate business.

17, of the Santa Clarita Distressed real estate inventory, have been sold to a third at a trustee sale. These are also the property types which we love to “also include” for all our real estate clients – Distressed Niched Buyers and those who are wanting to buy a move up or their first home.

Santa Clarita Foreclosures

Stevenson Ranch Distressed Homes

The Stevenson Ranch real estate and distressed market has the following intel available from our Foreclosure Search Engine.

There is currently a total of 29 homes that are within the “distressed” profile we monitor for our Real Estate Clients.

We see this number being less than we have seen the recent past – reducing at an approximate one percent rate during the past 8 months giving us the following Distressed Levels in SR.

  • Total of 29 Distressed Properties in Stevenson Ranch

  • 16 real estate properties in Stevenson Ranch are Pre foreclosures

  • 5 of the real estate listings in SR are headed to auction

  • 7 of the Homes are bank owned and have not been cleared for sale

  • 1 of the properties in Stevenson Ranch has been sold to a third at a recent trustee’s sale.

Santa Clarita Foreclosure updates

You can click on any of these current Foreclosure Maps for Santa Clarita and Stevenson Ranch to gain access to our Foreclosure Search engine.

A point of clarity. Our Foreclosure Radar Search engine has not been built to “generate leads” to be sold, spammed, or otherwise having your information violated.

It’s simply about giving our real estate clients the best and most reliable distressed real estate data possible.

Enjoy our systems and please let me know when you are ready for us to head up your home search for Santa Clarita Valley Cities and Stevenson Ranch CA.

Santa Clarita Radio Show – Real Estate

We have a daily format that you can hear that is relevant to the Santa Clarita Valley cities. It’s our daily real estate radio show.

Tune in at our main site or listen to our real estate radio show player in the margin of this blog.

As I always say, “Tell a Friend…” – Thank you!

Current Foreclosure activity and REO update for SCV Cities

Santa Clarita foreclosure home buyers

Shout out to Carl Reese - Santa Clarita home inspector for a job well done this morning. It’s nice having a home inspector that embraces technology as does Carl and someone that does not “sugar coat” anything!

Looking at the current market and the activity within – we are currently tracking 324 distressed real estate listings.

We will get into those in a moment with real numbers of “off market” foreclosures, bank owned, pre foreclosure and REO real estate in the Santa Clarita Valley Cities.

Quick 7 Day recap for Santa Clarita Housing

Santa Clarita Valley has had 92 real estate listings enter the for sale market in the past 7 days. – These are actually homes that are currently on the market for sale. Depending on the ‘pricing point’ will depend on how long it takes for the homes to have offers made. The “offering activity” can be quite dramatic depending on how the agent prices the properties.

We are watching as we have had 61 homes, condos and town homes that have had their prices changed. The “better” question has to do with whether or not these “price changes” were increases or decreases. We will cover this on our Friday Finale Broadcast – You will find that show located at

BOM – Back on Market homes in the Santa Clarita Valley Cities are up at an astounding 28 homes, condos and town homes have fallen from the graces of escrow. It’s hard to quantify – but these sellers are without buyers at this point. There are several reason why this could have happened. Maybe the buyers ran into a seller that made them extremely uncomfortable – that’d do it in some cases. Maybe the buyer lost their job or the ability to finance.

Here is the rest of the recap – 69 real estate listings entered escrow. We have been tracking 5 real estate listings that expired, 47 homes entered this stage in the escrow process and we have been watching as 49 residential real estate listings sold and closed escrow in the Santa Clarita Valley during the past 7 days.

Welcome to our Wednesdays real estate REO hump day broadcast, I’m your host Connor MacIvor at REMAX of Valencia CA’s Paris911 Team of Realtors.

Real Estate questions by email:

“I’m seeing listings on your site that are not on the  market, please explain.” – Carl…

As with anything, some real estate agents have a better ear to the tracks than some others. We have access to the Pre Foreclosure and Bank Owned lists in all of Southern California.

These include real estate listings that are not on the market for sale.

Bank Owned - these are homes that may be on the market as Foreclosures. Some of these properties are not. They are somewhere in the process.  Either they are waiting for a final disposition, or they are going to be sold as “off market” reo’s. Access can be had by the regular Joe – ask us for more information on how to go about buying a Bank Owned listing before they hit the market for sale.

Auction - these are homes that are headed to the auction block, typically in Norwalk and Pomona. They are homes that may sell for pennies on the dollar – discounts can be had at the local real estate auctions. The thing you need to make sure of, before heading off to the auction with your cashiers check in hand, is that you understand “fully” what you are getting into. Please, always consult a professional before heading off to the auction.

Pre Foreclosure - these are homes and real estate that have had notice of defaults filed on them. Meaning, the banks have not received payment for a while – usually 90+ days! Reminder: (that number depends on the particular financial institution that made the loan), they record that fact with the court and the NOD – Notice of Default, is made public record.

In the real estate news

Buyers are becoming more active earlier this year that is usual. They are starting to search way before spring and that fact may create a more prevalent “multiple offer” situation in the coming months.

With the lacking inventory, we see that some of the real estate listings in Santa Clarita Valley are really popular. This being the case, these listings obtain multiple offers in short order.

While a multiple offer scenario is very advantageous to the real estate seller, it can create a headache and stress on a real estate buyer that has not experienced it before.

Make sure you are getting the best in advice if you are a real estate buyer encountering a multiple offer scenario on the home, condo or town home you want to buy.

There are specific ways that buyers need to be guided and only a real estate expert should be chosen.

As for sellers that are encountering multiple offers on the homes they are listing for sale. They too need to be prepped in case this scenario reveals itself. There are neophyte ways on handling the multiple offer dealing, and then there are “expert ways”.

The Santa Clarita Distressed Home Recap

Here is the break down as far as the distressed real estate numbers in the Santa Clarita Valley Cities.

My Paris911 Team is currently tracking 14 active REO and Bank Owned listings currently on the active real estate market.

You will be able to see these by heading over to the Foreclosure Tab on the home page of – that’s our site and you will not be required to register to search at any point. Unless you want to get the listings that are entering the for sale market in the future.

As far as “current” Santa Clarita Valley distressed real estate inventory – we also have been monitoring 8 of the REO’s as being in pending status and 3 of those in the Back Up status. Keywords for the MaCboX at are backup and pending (type those words into it to get more information and to see those listings).

The Santa Clarita off market inventory

All Total in the Santa Clarita Valley Cities – mostly real estate that is not on the market for sale – but we maybe able to help you with the procuring of…

  • 283 Total distressed real estate in the Santa Clarita Valley Cities
  • 112 of those are pre foreclosures (notice of defaults) have been filed
  • 74 of those homes are properties headed to the auction
  • 81 of those homes are bank owned real estate
  • 16 of those listings were sold to a third at a trustee’s sale

For the Totals in Stevenson Ranch in Zip Code 91381 we have been monitoring the following:

  • 41 Total distressed real estate in Stevenson Ranch California
  • 23 of those are Pre Foreclosures, having had notice of defaults filed on them
  • 5 Stevenson Ranch homes are off to the auction
  • 11 are currently bank owned in Stevenson Ranch
  • 2 of the Stevenson Ranch homes have been sold to a Third

We have the numbers of the distressed real estate in Valencia CA 91354 and zip 91355:

  • 87 total distressed properties in Valencia CA
  • 42 of those are Pre Foreclosures – NOD’s filed on them
  • 17 of those homes in Valencia are headed to the auction
  • 19 of those Valencia residences are Bank Owned
  • 9 of the Valencia properties have been sold to a third at a recent trustee’s sale

The “other” Santa Clarita Valley Cities are available by clicking on the Foreclosure Tab on the home page of – after you do, you will be able to search for the off market and REO listings that we spoke about above with our REO and Distressed SCV real estate recap.

Here are some quick totals from our Foreclosure Tab on our website:

Canyon Country has 82 total distressed homes, condos and town-homes.

Castaic has 82 Total distressed homes, condos and town-homes.

Newhall has 41 Total distressed homes, condos and town-homes.

 Upcoming Truth in Lending Show tomorrow

Tomorrow is our Truth in real estate lending show for real estate.

We will “hit on” some aspect of the lending as it pertains to the real estate world and shed some light on an otherwise “not well lit” topic.

Please tune in by 12pm pst when we should have our Truth in Lending’s Radio Show uploaded.

BTW – We have been uploading our real estate radio shows to our Santa Clarita Realtor YouTube Channel.

Foreclosure Update Wednesdays for SCV Cities 2015.021

On Today's real estate and Foreclosure Radio show, we started with our YouTube Broadcast of the Santa Clarita real estate news.

Santa Clarita foreclosure experts

Giving you in real time the current real estate and housing market happenings for the past 24 hours.

While we are not even close to setting records for the local housing market, properties are still selling fast when priced at FMV, fair market value, or just below.

This is expecially the case when there are no other Santa Clarita properties in competition with yours.

Most real estate sellers don't have any idea as to where their equity happens to be in today's real estate market.

To the dismay of some of the potential Santa Clarita real estate sellers, they are asking a “non real estate professional's” opinion of what their home is worth in the current market.

What happens next is where the “dismay” comes into play. They have their phone and email blowing up as if they sent out a volley of hate mail on facebook that was gender/race or religion oriented.

It's horrible, and something that real estate sellers should be aware of before asking a computer Algorithym what a specific piece of real estate is worth.

Via email – we had a question pertaining to the “off market” Foreclosure and REO inventory.

To establish our terms – a Foreclosure is any piece of real property that has undergone the foreclosure process with the court. The foreclosure process usually involves a lender (bank), the one that originally loaned the money on the property and the owner, the person(s) that originally borrowed the money on the home.

REO – Real Estate Owned. Typically, this refers to a line item on a bank's accounting sheet.

They had a spot reserved for “REO” meaning the bank's properties that had foreclosed.

The emailer wanted to know how we could buy a property such as this.

There are two ways to approach this as a real estate buyer.

Now, fyi – the banks are more “kind” to the owner occupant buyers. That is unless the “investment buyer” is purchasing a block of REO's or a Portfolio of the same.

However, we are taking about a one time purchase, of a singular property, and taking about having the property as being owner occupied.

If the property is on the market for sale as a Foreclosure, HomePath, REO or other distressed property type. As a buyer, you are going to want all of your ducks in a row. You are going to want us to send in a complete package. The Offer, The proof of Funds, the pre approval letter, the deposit check and maybe a personal letter about your intension.

If the property is not on the market and if you found it on our system, then the story is a bit more complicated.

It's going to take some groundwork by us and some money in the form of mailing letters, certified and not.

Our mission is to find the handler from the bank, representative of the “owner”, that has this property in their ledger.

Once we find that out, we may be able to work out a “different” option between the bank and our client.

My suggestion is for you to contact our team to attend our Crash Course on real estate where we cover the Distressed real estate inventory and the best way we are able to help.

Thanks for checking out our Wednesdays Foreclosure and Humpday Broadcast realted to distressed real estate.



View the 86 Bank Owned Listings and the 130 Pre Foreclosures

Good Day Everyone, I’m Connor MacIvor, the host – your host :) – of Santa Clarita’s Santa Clarita realtorsLongest running and “known” real estate radio show.  We get into what you want to hear about how that relates to the local real estate markets.

We cover the local cities and some others in and around of Los Angeles that we are “very active” within when it comes to real estate representation.

Today’s real estate radio show is going to be our  Foreclosure and Hump Day real estate update for the local Distressed real estate inventory.

Included in our weekly distressed housing discussion will be the local Foreclosures, how to find them and other ways to get help or take advantage of the distressed inventory.

During this past week, we have had two wonderfully successful real estate shows. We have been simulcasting on our YouTube channel for Santa Clarita real estate.

View our Market Update Monday’s Show

Check out our Travel Tuesdays Broadcast

Resource – View our YouTube channel for Santa Clarita real estate – We have over 1400 videos about real estate.

Resource – Real Estate Radio Show

In the News:

by the Paris911 team local newsAre you a millennial? Is your Age between 19 and 35? Inman said to get your attention to equate real estate to sex. Now that I have your attention here are a couple of great tips that I was able to glean from the article.

Tip 1 for the millennial – Real Estate, overall, has an awesome return of investment. It’s a good bet that if you were to focus your money on buying homes – when you are ready to “retire” you would have quite a nice amount of equity.

Tip 2 for the millennial – No matter who you are hiring, you are going to have to break down and sit with them face to face.  Never hire anyone online without meeting with them before signing on the line which is dotted. Never!

You will be able to gather a lot of “non verbal” signals about the professional you are about to entrust with hundreds of thousands of your dollars – that are being backed by your name and reputation.

Plus – you will see their real brick and mortar offices, just in case you need to take enforcement action in the future :)

Santa Clarita real estate recap:Local research

As far as the local numbers of real estate inventory – this is where the SCV Cities have progressed during the past 7 days in real estate:

  • My Team is currently tracking 85 new real estate listings that have hit the market in the SCV cities. (more information – type in the word: new – into the MacBoX at
  • 45 real estate listings have had their prices changed. On Friday we will get into whether those numbers were increases in sales price or reductions. If you can’t wait – go to and type in the words: price changes – into the macBoX at the top of the page to view the latest price changes in Santa Clarita.
  • 31 real estate listings in Santa Clarita fell out of escrow – they are now for sale again.
  • 27 Santa Clarita properties entered escrow in backup status with executed contracts between buyers and sellers.
  • 44 real estate listings in the Santa Clarita Valley Cities did not sell during their contractual time frames and expired.
  • 16 real estate listings in SCV were entered, within the Multiple listing service, into the pending category.
  • 72 real estate and homes closed escrow during the past week with new owners!

The Real Numbers in SCV Homes for Sale:

housing market in Santa ClaritaThere is a lot of “bad data” out there online. This includes online systems that have been built around the real estate business.

Some will tell you there are more real estate listings for sale than there really are.

Some will show you real estate listings that appear to be for sale, but are not.

And some will show you homes that are for sale for $1, just to get you to give up who you are so your personal and private information is able to be sold for their profit.

These are the actual real estate numbers for the Santa Clarita Valley as of 0428hrs (4:28am):

  • Santa Clarita Cities have 554 real estate listings that are Active and For Sale right Now!
  • We have a total of 736 homes, condos and townhomes that are in both the Active and Backup categories.
  • 182 real estate listings are in the real estate category of Back Up Position. (more info type in the word: backup – into the MacBoX at
  • 158 real estate listings are in the pending real estate category. (more info type in the word: pending – into the MacBoX at

These are the “True” numbers for Santa Clarita real estate as of 0428 am!

Today’s Radio Show – Foreclosures

Santa Clarita Foreclosure Real estate agentsOn the active real estate market we see, in the Foreclosure/REO/Auction category that there are that are for sale.

Those properties are active as of the time of the publication of Today’s Foreclosure Show.

Here is the way those properties would work if you want to see them – I have the Foreclosures Broken down by “status” – Active, Back up and Pending.

It’s Simple, reach out to my Team, or me and we will schedule a showing, write the offer and get you the property.

Currently we are tracking the following distressed real estate inventory. Most of the numbers are “off market” properties. “Off market”, in this case, means that they are not currently listed for sale. However, there is a good chance they will be in the near future. Also, someone that is aggressive maybe able to procure one of these properties before it hits the market for sale.

Distressed Numbers Today (Santa Clarita):

Santa Clarita ForeclosuresResource – Search the “off market” foreclosure, bank owned, pre foreclosure and Auction listings with our Foreclosure Radar Engine.

  • In Santa Clarita my Team is currently tracking 287 distressed real estate listings
  • These are broken down by 112 being pre foreclosure in nature. A Notice of Default has been filed and the court notified that the owner has not made a payment in quite some time.
  • 76 of the distressed Santa Clarita real estate is headed to the auction block. Most likely in Norwalk.
  • 79 of these real estate listings are bank owned inventory. They all carry the potential or ability to have a Licensed Realtor contact the financial institution and set it up so you can buy one.

Of course, there are more specific numbers within in the individual Cities of the Santa Clarita Valley. This is the “overall picture” but leaves out Stevenson Ranch.

Distressed Numbers Today (Stevenson Ranch):

Stevenson Ranch distressed homesCurrently my Team is Tracking the following Distressed real estate in 91381 – Stevenson Ranch:

  • Stevenson Ranch has a total of 30 distressed real estate listings
  • 18 of those listings are pre foreclosure in nature – having Notice of Defaults filed on them.
  • 4 of the real estate listings in Stevenson Ranch are headed to the auction.
  • 7 are Bank Owned inventory.
  • 1 of the Stevenson Ranch homes was sold to a third at a trustee’s sale.

Email Question of the Day:

Paris911 QuestionRob Writes, “Connor, when a property is going to the auction, can I buy it?”

Sure you can Rob – but buying a home at auction takes a lot of preparation.

Example – Homes sold at Auction are all Cash Transactions. You need to show up with a Cashiers Check in hand. That shows the court what you are worth at the time of the auction. That will be your maximum allowable bid amount.

It’s not unusual to have people show up with multiple checks – each with an assigned property. The person that is doing the bidding in the “bidder” the one doing the research on the phone I call the “connector” and the one driving the properties, if they have not done good prep work before, is the “runner”.

It’s not uncommon to be let down at the auction. Doing all of the research on a property only to have it not hit the actual auction block on the day they said it would.

Some of the prep work with bidding at homes at auction include, checking for liens, checking occupancy, checking any past due HOA fees, checking property taxes, getting an estimate of market value and researching the properties condition.

Real Estate Tip of the Day:

real estate tipIf you are going to hire a realtor, lender or any “service professional” make sure you meet with them “face to face” at some point. This is best done First!

Never take for granted they are who they are over social media or over the phone or email!

A real “established” office would be nice – One that is local is better. Being able to find them if things go sideways is convenient.

Upcoming Show – Tomorrow:

Truth in Lending Thursdays – we are going to speak about that fancy new 3% home loan that is being offered by Fannie and Freddie.

The Santa Clarita Foreclosure and Distressed News Update is out

Where are we within the Distressed property market in the Santa Clarita Valley Cities? Definitely coming back to some normality within the Foreclosure and Bank Owned Market.

During our Wednesday Hump Day Distressed property recap we see that there are only 11 actual Search for the SCV ForeclosuresForeclosure properties on the market for Sale in the Santa Clarita Valley Cities.

The online resource to find these types of real estate listings is at our main Santa Clarita real estate website in the Foreclosure Section.

We have a few search engines for Foreclosures, Distressed and Bank Owned real estate listings in the Santa Clarita Valley at work on that page. The foreclosure section of the Paris911 website.

You will see the foreclosure tab on the left of the home screen. You are also able to use our MacboX resource and type in the word Foreclosures into it while at the home page of

The first Foreclosure and Distressed home engine is our Foreclosure Radar Application. You will be able to search by city name and or zip code. Each of the following categories are accessible:

  • Bank Owned – Just as it indicates – these are bank owned properties. Most are not on the market as of yet, but some are. Contact us for a list of these properties and to see which are on the market for sale or those which are coming soon!
  • Auction – Properties that are headed to the auction block are being shown by city name or zip code.
  • Pre Foreclosure – the Notice of Default properties that have experienced the NOD filings within the local Courts. Some are listed as Short Sales, but most are not.

Scrolling down will show you another map that shows the distressed real estate inventory on a map. Each of the scare homes indicated with the red box in the corner, are distressed in nature.

After that search engine, you will see another Foreclosure Resource that will be showing the same renderings as the engine before.

I like for our clients to have options, so hence the two foreclosure search engines with the different navigational tools.

Be safe – thanks for reading and listening to our YouTube video about our Foreclosure and Distressed real estate inventory. I’m Connor MacIvor with RE/MAX of Valencia, reach out to me when you are ready and I will be of service!




Foreclosure radio show episode 2014.358

Santa Clarita foreclosure update for Christmas Eve.

By the way, if you recognize where the picture was taken for our real estate radio show background, send us an email. The first correct answer, with complete address of where the photograph was taken, and with business name if applicable, will get me sending them a five dollar Starbucks gift card.

Santa Clarita foreclosure resource


We have put together another wonderful radio show this week it our Wednesday foreclosure update.

During our real estate radio shows we do talk about the local Santa Clarita real estate inventory.

We also get into other information that relates to the local Santa Clarita real estate market.

During our shows we always entertain questions that are sent to us via email. You can always send an email question by going to our main site at and clicking on the yellow shoot us an email banner at the top part of the screen.

When you do, we will get the question that you have sent, and answer it on the subsequent housing radio show.

On today's foreclosure update, we see that foreclosure inventory is quite thin. Only 10 active foreclosure listings currently listed within the Santa Clarita Valley cities. Those cities include, of course, Santa Clarita, Acton, Castaic, Canyon Country, Newhall, Stevenson Ranch, Saugus, Valencia, and other cities that we throw into the mix.

But, for recap purposes, we are only focused on the Santa Clarita Valley cities, at least for today's real estate radio show.

Looking at the short sales and notice of default filings, within the local market, has us tracking a total of 49 active short sale listings.

On the radio show we did discuss the differences between short pays and short sales. Which there aren't any.

Short pay was a term used prior to this last foreclosure market.

Short pays and short sales are the same thing. It is the act of a property owner, wanting to sell their property for less than what they owe the mortgage holder. The mortgage holder could be a private person, if we chose to finance real estate we own we could have extended a loan to somebody that wants to buy it.

Or it could be, a more traditional lender, which would be a bank, hedge fund mortgage group, or private lender.

There are a lot of moving parts in a short sale. It all begins with the owner realizing that they may not be able to make the mortgage payments. This could be for a reason that has to do with the original type of financing they secured on their home loan when they were originally purchasing.

It could also be something that the homeowner did after they originally financed the home that they are starting to experience to stress within. Such as a refinance into a loan program that could cause potential damage.

It could be that their particular loan was adjustable in nature.

It could be that there particular loan had a balloon payment do it some point in the future.

It could also be that there particular loan had some awesome interest-rate, where half of it was accuring in an account, while they only paid half the interest. That was known as a negative amortization product, in the lending world. I was never a big fan of the negative amortization loan.

Although the numbers of short sales have reduced in the Santa Clarita Valley cities, if you are experiencing hardship you definitely want to follow up with an expert that is handling the short sale process before.

Furthermore, if you have one of the particular loan types that I had spoken about, you may want to do some damage control before you start to experience the squeeze, or before the note is due, or your interest-rate adjusts to a level that you cannot pay.

Today's recap for a foreclosure show is going to cover a lot of different things, the local inventory, short sales, bank owned foreclosures, and give some Intel with regard to what those different property types are.

Ture into our show each and every day, it is hosted at You can listen to past episodes as well.

And our format is as follows. Monday is our market update Mondays. On Tuesdays we have our travel Tuesdays broadcast. On Wednesdays, that's today, we do this foreclosure and REO recap. On Thursdays we have our truth in lending Thursdays broadcast. On Fridays we host our Friday finale broadcast which talks about price changes in the local real estate markets. On Saturdays we have our sold Saturday broadcast and gives you insight between sold properties and those that are active and listed for sale, and past sold real estate listings giving you an indicator of market health or sickness. And on Sundays we talk about Santa Clarita open houses. We talk about her Santa Clarita open resource. That gives you information on what you should and should not give up on visiting an open house. We also get into how to make sure the open house is actually still for sale.

I'm Connor MacIvor Remax is Paris and I'm wanting more headquartered at Remax a Valencia offices and Remax to Santa Clarita.

We look forward to assisting you with your real estate needs. And we hope you enjoyed today's radio show that I uploaded to YouTube early this morning. Merry Christmas.

Remax of Santa Clarita. Each office independently owned and operated. 25101 The Old Road, Santa Clarita CA, 91381.
(661)284-5429. DRE info: Paris MacIvor (01256647) and Connor MacIvor (01238257)