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 Paris911.com)
  • 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 Paris911.com 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 Paris911.com)
  • 158 real estate listings are in the pending real estate category. (more info type in the word: pending – into the MacBoX at Paris911.com)

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.

{ Comments on this entry are closed }

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 paris911.com.

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!

 

 

 

{ Comments on this entry are closed }

Foreclosure radio show episode 2014.358

December 24, 2014

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 […]

Read the full article →

Best Foreclosure Intel for Santa Clarita and Los Angeles Areas

December 17, 2014

  Lancaster Foreclosures: Palmdale Foreclosures: Granada Hills Foreclosures Northridge Foreclosures Valencia Foreclosures Santa Clarita Foreclosures Canyon Country Foreclosures Castaic Foreclosures Newhall Foreclosures Saugus Foreclosures Stevenson Ranch Foreclosures Simi Valley Foreclosures

Read the full article →

There is still a silent underlying Foreclosure and bank owned inventory

December 17, 2014

The Foreclosure and bank owned recap is as follows: The entire Santa Clarita area, Minus Stevenson Ranch, has a total of 290 distressed real estate and properties. These include the pre foreclosures, the bank owned inventory and those properties that are headed to the auction block. Stevenson Ranch CA has a total of 33 distressed […]

Read the full article →

Santa Clarita Foreclosure and Bank Owned Update 2014.344

December 10, 2014

Here is how the numbers break down amongst the distressed real estate inventory in the Santa Clarita Valley Cities – We have thrown in Palmdale and Northridge – just for good measure! If you are also looking online for these listings to be for sale, most are not. That is why we have a special […]

Read the full article →

Today in Santa Clarita Valley we are tracking 323 Distressed Properties

December 3, 2014

Updated December 3, 2014 – Corresponding Radio Show episode 2014-337 Santa Clarita 291 – pre foreclosures 112 – Auctions 82, bank owned 74, sold to thirds 23 Stevenson Ranch Total: 32 – Pre foreclosures 20, auctions 6, bank owned 5, sold to third 1. Canyon Country Total 100 – Pre foreclosures 30, Auctions 26, bank […]

Read the full article →

Santa Clarita short sales

December 1, 2014

Today, I spoke with two of the top Short Sale experts in the Country. They gave intel related to the 2015 real estate market and have verified that the short sale market for 2015 will be quite stellar on two fronts. First – the 10 year arm – those loans that were signed back in […]

Read the full article →

Santa Clarita Foreclosures and Distressed real estate update

November 26, 2014

Good Day Everyone – We are going to get into the recap for the distressed real estate happenings within the entire Santa Clarita Valley. We are going to include the most active cities below with the break down of the distressed properties therein. My Team is currently tracking 351 Distressed properties in the Santa Clarita […]

Read the full article →

My Paris911 Team is currently tracking 653 distressed homes

November 19, 2014

Good Day everyone – today is our Hump Day Wednesdays REO, distressed, foreclosures and more broadcast.  Make sure you tune into our Radio Show by going to where we have it hosted – Visit the Paris911 REMAX Real Estate radio show! FYI – our show will be completed by 12pm PST! My most excellent real […]

Read the full article →