Sunday, January 6, 2013

Santa Clarita Valley Foreclosure Information

Took some time this morning to determine the number of homes, based on tax records, here in Santa Clarita Valley, that are in some phase of foreclosure.

Including Acton, Agua Dulce, Canyon Country, Saugus, Newhall, Stevenson Ranch, Valencia, and Castaic.

Pre-Foreclosure ~ A Notice of Default has been recorded. Keep in mind that many banks do NOT file a NOD as quickly as they legally can. So many homeowners that are seriously delinquent in their mortgage may not be on this radar.

Auction ~ Means that a Notice of Trustee Sale has been recorded. That, of course, is the next step after the NOD, and prior to actual Foreclosure.

REO ~ Real Estate Owned. Now owned by the bank .... has been Foreclosed upon.

Reminder of the California Foreclosure Timeline can be found here: 

Pre-Foreclosure = 525 / Auction = 934 / REO = 377

Many of these homes are on our MLS already. 
And, of those that are coming, we've got the buyers!!

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