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Jennifer Ricco Realtor CDPE, PSC, e-PRO, WCR, Retired LAPD

Santa Clarita, Ca Homes for Sale, 3+2 Short Sale listed for $320,000

Santa Clarita, Ca Homes for Sale, 3+2 Short Sale

WELCOME TO 21634 SPICE COURT SAUGUS, CA. THIS IS A COZY ONE STORY 3 BEDROOM 2 BATHROOM 1160 SQFT HOME. THIS HOME NUMEROUS UPGRADES. CUSTOM CROWN MOLDING AND WAINSCOTTING THROUGHOUT. THE KITCHEN HAS BEEN REMODELED WITH GRAINTE COUNTERTOPS, TRAVERTINE MARBLE FLOORING, AND HAS NEWER APPLIANCES. IT HAS AN OPEN FLOORPLAN WITH HIGH CEILINGS, RECESSED LIGHTING, AND CEILING FANS. THE FAMILY ROOM HAS A FIREPLACE WITH CUSTOM WOOD MANTLE. YOU MUST SEE THIS HOME TO APPRECIATE ALL THE UPGRADES THAT HAVE BEEN DONE. THIS HOME IS A GREAT ALTERNATIVE TO A CONDO! IF YOUR AN INVESTOR THE SELLER WOULD BE WILLING TO SIGN ATLEAST A YEAR LEASE.

My husband and I are Certified Distress Property Experts designation CDPE. We are Santa Clarita's short sale specialists. With many homeowners facing financial hardships We have found it critical to be able to sit down with a homeowner and educate them on the current market conditions. With this evaluation we are able show our clients what these transactions entail having a system in place to get our clients on the path to recovery. Dealing with these transactions requires agents that has taken the time to understand them from start to finish. Many agents shy away from taking short sale listings as well as showing their buyers homes in distress. I caution you if you are working with an agent that is not confident in these transaction, you need an Expert in your corner and by your side. If your facing a foreclosure you need an Expert not an average real estate agent. If you would like to see this beautiful home give us a call at 661.290.3837. Or go to our website www.santaclaritavalleyhomesonline.com to see more pictures of this home, just click on the featured listings button.

Santa Clarita Homeowners Beware Of The Property Tax Scams Out There, YOU Need To Read This!

Here is the latest scam that is going on which was brought to our attention by our clients as well as at our recent Keller Williams Office meeting. Private companies are trying to take advantage of homeowners who are upside down on their property values. Homeowners have been receiving a notice in the mail stating that they need to pay anywhere between $100-$200 to apply for a property tax reduction. The letter also goes on to say that there is an imposed timeline in which you have to file with their company before They charge a late fee. There are various companies that are crawling out of the woodwork to scam homeowners into thinking they must respond to these letters. I am here to get the word out to you . There are no fees associated with applying for a property tax reduction through the County Assessors office Period!! only a government agency can issue such notices, it is a violation of California laws. If you or someone you know receives an illegal solicitation, please contact the Los Angeles County Department of Consumer Affairs by phone at (800) 973-3370 or visit their website.

Another issue that our clients are concerned with is seeing a 2% tax increase in their property taxes in this declining market. You may ask yourself but how can my taxes increase when property values are decreasing? Here's how it works. Unless you own a single family home or condo that you bought after July 1, 2004, the value of your property as shown on the property tax bill probably went up by 2% from last year. You might wonder how is this possible when real estate values are dropping. The answer is in the way property is valued under Proposition 13. Generally speaking, the assessed value of your property under Proposition 13 is established when you either buy or build the property. This is called the "base year value". This base year value can only increase by 2% each year, even if the market value of the property increases at a significantly higher rate. In a rapidly increasing real estate market, like we experienced in the early 2000's, the difference between the assessed value of your property and the actual market value can be substantial. For example, If you purchased your home in 2000 for $240,000, the base year value is $240,000. By 2004, the actual market value of your property had increased to $420,000 but the assessed value, limited by 2% annual increases, had only increased to $259,782. In 2005, the market value of your property began to drop. Even though the drop was significant, all the way down to $320,000 by 2008, it was still more than the 2008 assessed value of $281,194. If at some point in the future, the market value of your property drops below the assessed value, the 2% will not be applied and the actual market value of your property will be the assessed value for that year.

SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE FEBRUARY 3, 2009

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita. As of February 3, 2009 here are the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic areas.

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ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUAURY 3, 2009:

There are 6 single family homes sale.

Average List Price: $549,850 Days on Market: 75

From 1/10/2000 - 02/03/2009 there were 3 homes sold, the average sale price was $575,666 days on market 48.

The bank owned homes sold $25,816 above the average list price.

There are 8 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There are 21 single family homes sale.

Average List Price: $537,185 Days on Market: 98

From 1/10/2009 - 02/03/2009 there were 2 homes sold, the average sale price was $438,500 day on market 27.

The short sale homes sold for $98,685 below the average list price.

There are 14 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $535,800 Days on Market: 32

From 12/13/2008 - 01/10/2009 there were 5 homes sold, the average sale price was $549,780 days on market 33.

The bank owned homes sold $13,980 above the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:

There are 26 single family homes sale.

Average List Price: $537,987 Days on Market: 93

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $490,500 day on market 27.

The short sale homes sold for $47,487 below the average list price.

There are 8 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There are 18 single family homes sale.

Average List Price: $492,100 Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 6 homes sold, the average sale price was $456,491 days on market 35.

The bank owned homes sold for $35,609 below the average list price.

There are 30 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There are 81 single family homes sale.

Average List Price: $461,054 Days on Market: 119

From 1/10/2000 - 02/03/2009 there were 3 homes sold, the average sale price was $396,666 days on market 121.

The short sale homes sold for $64,388 below the average list price.

There are 42 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $532,800 Days on Market: 32

From 12/13/2009 - 01/10/2009 there were 13 homes sold, the average sale price was $442,730 days on market 34.

The bank owned homes sold for $90,070 below the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 85 single family homes sale.

Average List Price: $457,265 Days on Market: 119

From 12/13/2008 - 01/10/2009 there were 9 homes sold, the average sale price was $391,266 days on market 194.

The short sale homes sold for $65,999 below the average list price.

There are 36 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There are 20 single family homes sale.

Average List Price: $371,271 Days on Market: 60

From 1/03/2009 - 02/03/2009 there were 10 homes sold, the average sale price was $412,818 day on market 30.

The bank owned homes sold for $41,547 above the average list price.

There are 26 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There are 63 single family homes sale.

Average List Price $453,837 Days on Market: 115

From 1/10/2009 - 02/03/2009 there were 1 homes sold, the average sale price was $495,000 days on market 36.

The short sale homes sold for $41,163 above the average list price.

There are 32 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 20 single family homes sale.

Average List Price: $378,530 Days on Market: 56

From 12/13/2008 - 01/10/2009 there were 14 homes sold, the average sale price was $420,155 day on market 43.

The bank owned homes sold for $31,147 above the average list price.

There are 25 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 66 single family homes sale.

Average List Price $456,980 Days on Market: 115

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $425,833 days on market 204.

The short sale homes sold for $31,147 below the average list price.

There are 25 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There are 10 single family homes sale.

Average List Price: $326,490 Days on Market: 52

From 1/10/2009 - 02/03/2009 there were 4 homes sold, the average sale price was $338,506 days on market 37.

The bank owned homes sold for $12,016 above the average list price.

There are 17 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There are 36 single family homes sale.

Average List Price: $404,631 Days on Market: 145

From 1/10/2009 - 02/03/2009 there were 1 homes sold, the average sale price was $330,000 day on market 204.

The short sale homes sold for $74,631 below the average list price.

There are 12 homes in back up or pending status.

Short sale homes in Newhall are selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 14 single family homes sale.

Average List Price: $360,189 Days on Market: 55

From 12/13/2008 - 01/10/2009 there were 4 homes sold, the average sale price was $330,700 days on market 34.

The bank owned homes sold for $29,489 below the average list price.

There are 15 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 33 single family homes sale.

Average List Price: $418,599 Days on Market: 156

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $319,000 day on market 278.

The short sale homes sold for $99,599 below the average list price.

There are 13 homes in back up or pending status.

Short sale homes in Newhall are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There are 32 single family homes sale.

Average List Price: $327,498 Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 26 homes sold, the average sale price was $322,226 days on market 30.

The bank owned homes have sold for $5,272 below the average list price.

There are 58 homes in back up or pending status.

Bank owned homes in Canyon Country are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There are 117 single family homes sale.

Average List Price: $374,665 Days on Market: 119

From 1/10/2009 - 02/03/2009 there were 5 home sold, the average sale price was $438,000 days on market 195.

The short sale homes have sold for $63,335 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 39 single family homes sale.

Average List Price: $343,562 Days on Market: 35

From 12/13/2008 - 01/10/2009 there were 33 homes sold, the average sale price was $340,813 days on market 27.

The bank owned homes have sold for $2,749 below the average list price.

There are 59 homes in back up or pending status.

Bank owned homes in Canyon Country are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 117 single family homes sale.

Average List Price: $388,882 Days on Market: 121

From 12/13/2008 - 01/10/2009 there were 6 home sold, the average sale price was $463,583 days on market 198.

The short sale homes have sold for $74,701 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently there are 14 single family homes sale.

Average List Price: $496,221 Days on Market: 61

From 1/10/2009 - 02/03/2009 there were 6 homes sold, the average sale price was $432,500 days on market 33

Bank owned homes sold for $63,721 below the average list price.

There are 14 properties in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently there are 44 single family homes sale.

Average List Price: $392,324 Days on Market: 137

From 1/10/2009 - 02/03/2009 there were 4 homes sold, the average sale price was $407,500 days on market 71

The short sale homes sold for $15,176 above the list price.

19 properties are in back up status or pending.

Short sale homes in Castaic are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 15 single family homes sale.

Average List Price: $509,136 Days on Market: 36

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $344,416 days on market 47

Bank owned homes sold for $164,720 below the average list price.

There are 11 properties in back up or pending status.

Bank owned homes in Castaic are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 44 single family homes sale.

Average List Price: $380,289 Days on Market: 141

From 12/13/2008 - 01/10/2009 there were 3 homes sold, the average sale price was $384,966 days on market 136

The short sale homes sold for $4677.00 above the list price.

21 properties are in back up status or pending.

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With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Area. As potential buyers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties. Many are led to believe that these homes are the better deal in today's market. A home goes back to the lender after the foreclosure process is completed. There are many reasons for this. Unfortunately the main reason is most people are paralyzed with fear and don't know who to turn to.

If you look closely at this reporting period the statistics in these areas where the REO's (bank Owned) are listed higher then the short sales ( pre foreclosures) they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia. If homes have gone through the foreclosure process the lenders typically list the REO at a higher market value in an attempt to reduce their losses, minimize their loss severity. There is a difference between a pre foreclosure and a foreclosure. The time period between the first missed payment and the final bank sale is called the pre foreclosure phase. Foreclosure is a legal process that is initiated whenever a homeowner defaults (stops making payments) on their mortgage(s). When the foreclosure is completed the home is either sold at auction or becomes real property of the lender and is now owned by the lender REO, Real Estate Owned. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase during this time period. As the months go by the numbers will change. You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these purchase opportunities.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. We are experts in distressed properties. By dealing with an agent who has earned the CDPE designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs. www.SantaClaritaCertifiedDistressedPropertyExperts.com

This real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help families get on the path to recovery.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre-foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Short Sale Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Santa Clarita Valley homes for sale, or any other areas of Southern California go to: www.SantaClaritaValleyShortSales,com

You can track the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button. The newest statistics published are at: http://www.activerain.com/blogsview/1025273/Santa-Clarita-Short-Sale-Bank-Owned-Properties-For-Sale-April-8-2009

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE JANUARY 10, 2009

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita. As of today's date January 10, 2009 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic areas.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $535,800 Days on Market: 32

From 12/13/2008 - 01/10/2009 there were 5 homes sold, the average sale price was $549,780 days on market 33.

The bank owned homes sold $13,980 above the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH JANUARY 9, 2009:

There are 26 single family homes sale.

Average List Price: $537,987 Days on Market: 93

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $490,500 day on market 27.

The short sale homes sold for $47,487 below the average list price.

There are 8 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

There were 9 single family homes sale.

Average List Price: $537,466 Days on Market: 36

There were 7 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

There were 23 single family homes sale.

Average List Price: $521,391 Days on Market: 77

10 properties were in back up status or pending

ACTIVE BANK OWNED LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $532,800 Days on Market: 32

From 12/13/2009 - 01/10/2009 there were 13 homes sold, the average sale price was $442,730 days on market 34.

The bank owned homes sold for $90,070 below the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 85 single family homes sale.

Average List Price: $457,265 Days on Market: 119

From 12/13/2008 - 01/10/2009 there were 9 homes sold, the average sale price was $391,266 days on market 194.

The short sale homes sold for $65,999 below the average list price.

There are 36 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 24 single family homes sale.

Average List Price: $536,262 Days on Market: 45

There were 23 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 86 single family homes sale.

Average List Price: $472,165 Days on Market: 109

37 properties were in back up status or pending.

ACTIVE BANK OWNED LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 20 single family homes sale.

Average List Price: $378,530 Days on Market: 56

From 12/13/2008 - 01/10/2009 there were 14 homes sold, the average sale price was $420,155 day on market 43.

The bank owned homes sold for $31,147 above the average list price.

There are 25 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 66 single family homes sale.

Average List Price $456,980 Days on Market: 115

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $425,833 days on market 204.

The short sale homes sold for $31,147 below the average list price.

There are 25 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN SAUGUS DECEMBER 13, 2008:

There were 26 single family homes sale.

Average List Price: $391,819 Days on Market: 50

There are 24 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN SAUGUS DECEMBER 13, 2008:

There were 74 single family homes sale.

Average List Price: $471,754 Days on Market: 116

26 properties were in back up status or pending

ACTIVE BANK OWNED LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 14 single family homes sale.

Average List Price: $360,189 Days on Market: 55

From 12/13/2008 - 01/10/2009 there were 4 homes sold, the average sale price was $330,700 days on market 34.

The bank owned homes sold for $29,489 below the average list price.

There are 15 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 33 single family homes sale.

Average List Price: $418,599 Days on Market: 156

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $319,000 day on market 278.

The short sale homes sold for $99,599 below the average list price.

There are 13 homes in back up or pending status.

Short sale homes in Newhall are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN NEWHALL DECEMBER 13, 2008:

There were 11 single family homes sale.

Average List Price: $399,718 Days on Market: 51

There were 10 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN NEWHALL DECEMBER 13, 2008:

There were 44 single family homes sale.

Average List Price: $416,631 Days on Market: 135

9 properties were in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 39 single family homes sale.

Average List Price: $343,562 Days on Market: 35

From 12/13/2008 - 01/10/2009 there were 33 homes sold, the average sale price was $340,813 days on market 27.

The bank owned homes have sold for $2,749 below the average list price.

There are 59 homes in back up or pending status.

Bank owned homes in Canyon Country are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 117 single family homes sale.

Average List Price: $388,882 Days on Market: 121

From 12/13/2008 - 01/10/2009 there were 6 home sold, the average sale price was $463,583 days on market 198.

The short sale homes have sold for $74,701 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 36 single family homes sale.

Average List Price: $311,000 Days on Market: 36

There are 74 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 122 single family homes sale.

Average List Price: $387,227 Days on Market: 99

18 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 15 single family homes sale.

Average List Price: $509,136 Days on Market: 36

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $344,416 days on market 47

Bank owned homes sold for $164,720 below the average list price.

There are 11 properties in back up or pending status

Bank owned homes in Castaic are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 44 single family homes sale.

Average List Price: $380,289 Days on Market: 141

From 12/13/2008 - 01/10/2009 there were 3 homes sold, the average sale price was $384,966 days on market 136

The short sale homes sold for $4677.00 above the list price.

21 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CASTAIC DECEMBER 13, 2008:

There were 12 single family homes sale.

Average List Price: $419,266 Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC DECEMBER 13, 2008:

There were 58 single family homes sale.

Average List Price: $390,992 Days on Market: 123

With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Area. As potential buyers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties. Many are led to believe that these homes are the better deal in today's market. A home goes back to the lender after the foreclosure process is completed. There are many reasons for this. Unfortunately the main reason is most people are paralyzed with fear and don't know who to turn to.

If you look closely at the statistics the areas where the REO's (bank Owned) are listed higher then the short sales they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia. A short sale listing that was unsuccessfully negotiatied by the listing agent will then go through the foreclosure process. That property then become an REO (bank Owned). The bank is empowered to set a higher market value in an attempt to reduce their losses. The period of time between the first missed payment and the final bank sale is called the pre-foreclosure phase. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase. You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

My husband and I just obtained our Certified Distressed Property Expert designation CDPE. We are experts in distressed properties. By dealing with an agent who has earned the CDPE designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs.

This real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help families get on the path to recovery.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre-foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Short Sale Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE, DECEMBER 13, 2008

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita. As of today's date December 13, 2008 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.

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ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

Currently there are 9 single family homes sale.

Average List Price: $537,466 Days on Market: 36

There are 7 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

Currently there are 23 single family homes sale.

Average List Price: $521,391 Days on Market: 77

10 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH NOVEMBER 24, 2008:

There were 6 single family homes sale.

Average List Price: $584,916 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH NOVEMBER 24, 2008:

There were 20 single family homes sale.

Average List Price: $513,244 Days on Market: 81

ACTIVE BANK OWNED LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 24 single family homes sale.

Average List Price: $536,262 Days on Market: 45

There are 23 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 86 single family homes sale.

Average List Price: $472,165 Days on Market: 109

37 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN VALENCIA NOVEMBER 24, 2008:

There were 21 single family homes sale.

Average List Price: $559,747 Days on Market: 37

ACTIVE SHORT SALE LISTINGS IN VALENCIA NOVEMBER 24, 2008:

There were 92 single family homes sale.

Average List Price: $464,267 Days on Market: 120

ACTIVE BANK OWNED LISTINGS IN SAUGUS DECEMBER 13, 2008:

Currently there are 26 single family homes sale.

Average List Price: $391,819 Days on Market: 50

There are 24 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN SAUGUS DECEMBER 13, 2008:

Currently there are 74 single family homes sale.

Average List Price: $471,754 Days on Market: 116

26 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN SAUGUS NOVEMBER 24, 2008:

There were 27 single family homes sale.

Average List Price: $413,556 Days on Market: 54

ACTIVE SHORT SALE LISTINGS IN SAUGUS NOVEMBER 24, 2008:

There were 71 single family homes sale.

Average List Price $476,266 Days on Market: 104

ACTIVE BANK OWNED LISTINGS IN NEWHALL DECEMBER 13, 2008:

Currently there are 11 single family homes sale.

Average List Price: $399,718 Days on Market: 51

There are 10 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN NEWHALL DECEMBER 13, 2008:

Currently there are 44 single family homes sale.

Average List Price: $416,631 Days on Market: 135

9 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN NEWHALL NOVEMBER 24, 2008:

There were 10 single family homes sale.

Average List Price: $375,256 Days on Market: 70

ACTIVE SHORT SALE LISTINGS IN NEWHALL NOVMEBER 24, 2008:

There were 42 single family homes sale.

Average List Price: $418,202 Days on Market: 133

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 36 single family homes sale.

Average List Price: $311,000 Days on Market: 36

There are 74 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 122 single family homes sale.

Average List Price: $387,227 Days on Market: 99

18 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY NOVEMBER 24, 2008:

There were 40 single family homes sale.

Average List Price: $330,826 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY NOVEMBER 24, 2008:

There were 121 single family homes sale.

Average List Price: $410,384 Days on Market: 126

ACTIVE BANK OWNED LISTINGS IN CASTAIC DECEMBER 13, 2008:

Currently there are 11 single family homes sale.

Average List Price: $514,663 Days on Market: 59

There are 12 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN CASTAIC DECEMBER 13, 2008:

Currently there are 52 single family homes sale.

Average List Price: $385,565 Days on Market: 124

13 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CASTAIC NOVEMBER 24, 2008:

There were 12 single family homes sale.

Average List Price: $419,266 Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC NOVEMBER 24, 2008:

There were 58 single family homes sale.

Average List Price: $390,992 Days on Market: 123

With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Area. As potential buyers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties. Many are led to believe that these homes are the better deal in today's market. A home goes back to the lender after the foreclosure process is completed. There are many reasons for this. Unfortunately the main reason is most people are paralyzed with fear and don't know who to turn to.

If you look closely at the statistics the areas where the REO's (bank Owned) are listed higher then the short sales they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia, and Castaic. A short sale listing that was unsuccessfully negotiatied by the listing agent will then go through the foreclosure process. That property then become an REO (bank Owned). The bank is empowered to set a higher market value in an attempt to reduce their losses. The period of time between the first missed payment and the final bank sale is called the pre-foreclosure phase. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase. You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

My husband and I just obtained our Certified Distressed Property Expert designation CDPE. We are experts in distressed properties. By dealing with an agent who has earned the CDPE designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs.

This real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help families get on the path to recovery.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre-foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Short Sale Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS