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!!