Avoid Foreclosure Santa Clarita, Ca Short Sale & Foreclosure Consequences

Don't Let Time Run Out On You..

Consult A Certified Distressed Property Expert!


While negative credit items fall off of an individuals credit report after 7 years, the one question that is asked on every mortgage application is "Have you ever had a foreclosure?" This item has staying power and will follow a person around indefinitely. Here's just a few ways a foreclosure can affect an individual and as you can see these are also very important reasons to avoid a foreclosure.


1. The homeowner will always have to disclose they have had a foreclosure on any mortgage application and many job applications.



2. Credit scores will be lowered by 300+ points! (affecting ability to get a car, apartment, credit cards, etc!)



3. A foreclosure is the one credit report item that is almost impossible to have "repaired".



4. Military and government security clearance could be at risk with foreclosure.



5. Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire jeopardy.


There are other important reasons to avoid foreclosure. Whats startling is 7 out of 10 individuals enter the foreclosure process without any visible intervention. Homeowners who are making payments now but realize there loan is going to recast to a higher payment or homeowners 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. The reality is that many foreclosures should never happen and homeowners have options only they don't know where to turn.


I'd like to take a minute and define what a distressed property is.

1. Property that is on poor physical condition.
2. Property that is or will soon be in some stage of the foreclosure process.
3. Property owned by a person or persons who is or are experiencing a period of financial instability
4. Property on which the mortgages total an amount higher than the current value and an owner must sell.


If you fall into any of these four categories and are about to miss mortgage payments or are missing payments because of a financial hardship, your time is running out. Take this opportunity to protect your credit history and learn what steps you can take to avoid foreclosure. Due to our law enforcement backgrounds we understand how to protect your private information. Our confidential consultation will provide you with solutions, so you can make informed decisions to resolve your financial hardship.

Please contact Jennifer & Gary Ricco at Keller Williams VIP Properties. 661.290.3837. You can also Visit our website to learn more about us. http://www.riccosellshomes.com/.

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: http://www.riccosellshomes.com/

Foreclosures Can Affect Your Security Clearances

Are you going through a financial hardship? Did you know this can affect any kind of security clearance you may hold?
Are you experiencing a financial hardship? The first step you need to take if you hold a security clearance is speak with a supervisor immediately and let them know what is going on and ask for guidance. If you are in the military you need to speak with JAG or the legal component of your branch. If you are a in law enforcement or in a security related position confidentially speak to your command. If your home goes to foreclosure, back to the bank, security clearances and government positions including but not limited to military and law enforcement can be jeopardized by a foreclosure. In many cases a short sale will be the only way to maintain a security clearance. My husband and I are Certified Distressed Property Experts and can give you a confidential accessment of your situation. Please view our profiles to see who we are and how we can help you.

Santa Clarita Short Sales and Bank Owned Properties November 24, 2008

Santa Clarita Short Sales and Bank Owned Properties. As your Santa Clarita Real Estate Specialist we here to provide you with the most current home foreclosure information in the Santa Clarita. As of today's date Novemeber 24, 2008 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.


ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH:
Currently there are 6 single family homes sale.
Average List Price: $584,916 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH:
Currently there are 20 single family homes sale.
Average List Price: $513,244 Days on Market: 81


ACTIVE BANK OWNED LISTINGS IN VALENCIA:
Currently there are 21 single family homes sale.
Average List Price: $559,747 Days on Market: 37

ACTIVE SHORT SALE LISTINGS IN VALENCIA:
Currently there are 92 single family homes sale.
Average List Price: $464,267 Days on Market: 120


ACTIVE BANK OWNED LISTINGS IN SAUGUS:
Currently there are 27 single family homes sale.
Average List Price: $413,556 Days on Market: 54

ACTIVE SHORT SALE LISTINGS IN SAUGUS:
Currently there are 71 single family homes sale.
Average List Price: $476,266 Days on Market: 104


ACTIVE BANK OWNED LISTINGS IN NEWHALL:
Currently there are 10 single family homes sale.
Average List Price: $375,256 Days on Market: 70

ACTIVE SHORT SALE LISTINGS IN NEWHALL:
Currently there are 42 single family homes sale.
Average List Price: $418,202 Days on Market: 133


ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY:
Currently there are 40 single family homes sale.
Average List Price: $330,826 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY:
Currently there are 121 single family homes sale.
Average List Price: $410,384 Days on Market: 126


ACTIVE BANK OWNED LISTINGS IN CASTAIC:
Currently there are 12 single family homes sale.
Average List Price: $419,266 Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC:
Currently there are 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. Realtor's who allow a property to go into foreclosure and become REO's ( bank Owned) empower the lenders 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: http://www.riccosellshomes.com/

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

Foreclosure looming? Santa Clarita, Ca Has it's 1st Certified Distressed Property Expert

Recently Jennifer and I received our Certified Distressed Property Expert designation. The Distressed Property Institute trains agents to understand the foreclosure process that all together too many agents do not understand. CDPE agents have an arsenal of foreclosure solutions available to make certain they are doing everything they can to help a distressed homeowner out of their situation.
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. By dealing with an agent who has earned the Certified Distressed Property Expert Designation (CDPE) designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs.
Foreclosure is quite possibly the most devastating financial and emotional process a homeowner or family can go through. The reality is that many foreclosures should never happen and homeowners have options only they don't know where to turn.
Jennifer and I understand this real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts, we can give you the expertise necessary to save your credit, relieve the uncertainty and most of all, help you family.
If your in the foreclosure process or facing a financial hardship that's leading you to a foreclosure, please contact Jennifer & Gary Ricco of Keller Williams VIP Properties at 661.290.3837 or http://www.riccosellshomes.com/ You can also visit http://www.distressedpropertyinstitute.com/ to learn about the designation.

Stevenson Ranch Ca Homes For Sale/Market Report November 15, 2008

Homes for sale in Stevenson Ranch. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current home and condo sales information in the Stevenson Ranch area which includes Southern Oaks and Sunset Point.


ACTIVE LISTINGS AS OF NOVEMBER 15:
Currently there are a combination of 99 single family homes and condo's for sale.
Minimum List Price: $260,000 Days on Market: New Listing
Average List Price: $586,550 Days on Market: 83
Maximum List Price: $1,395,000 Days on Market: 451

OF THE 99 LISTINGS 7 ARE BANK OWNED PROPERTIES (REO'S)
OF THE 99 LISTINGS 41 ARE SHORT SALE LISTINGS
51 ARE REGULAR LISTINGS
ACTIVE LISTINGS AS OF OCTOBER 23:

There were a combination of 90 single family homes and condo's for sale. Minimum List Price: $239,000 Days on Market: 1
Average List Price: $590,719 Days on Market: 79
Maximum List Price: $1,395,000 Days on Market: 428

OF THE 90 LISTINGS 11 ARE BANK OWNED PROPERTIES (REO'S)
OF THE 90 LISTINGS 32 ARE SHORT SALE LISTINGS
47 ARE REGULAR LISTINGS

BACK UP OFFERS AS OF NOVEMBER 15:
Currently there are 12 listings on the market.
Minimum List Price: $ 270,900 Days on Market: 1
Average List Price: $ 485,031 Days on Market: 42
Maximum List Price: $925,000 Days on Market: 129

OF THE 12 IN BACK UP 3 ARE BANK OWNED PROPERTIES (REO'S)
OF THE 12 IN BACK UP STATUS 8 ARE SHORT SALE LISTING
1 IS A REGULAR SALE

BACK UP OFFERS AS OF OCTOBER 23:
There were 15 listings on the market.
Minimum List Price: $ 299,000 Days on Market: 1
Average List Price: $ 542,577 Days on Market: 50
Maximum List Price: $925,000 Days on Market: 129

OF THE 15 IN BACK UP STATUS 10 ARE SHORT SALE LISTINGS
5 ARE REGULAR SALES

PENDING AS OF NOVEMBER 15:
Currently there are 24 listings pending.
Minimum List Price: $239,000 Days on Market: 5
Average List Price: $472,035 Days on Market: 75
Maximum List Price: $949,000 Days on Market: 238

OF THE 24 LISTED 8 ARE BANK OWNED PROPERTIES (REO'S)
OF THE 24 LISTED 9 ARE SHORT SALE LISTINGS
7 ARE REGULAR SALES

PENDING AS OF OCTOBER 23:
There were 34 listings pending.
Minimum List Price: $269,000 Days on Market: 4
Average List Price: $544,497 Days on Market: 96
Maximum List Price: $989,000 Days on Market: 495

OF THE 34 LISTED 11 ARE BANK OWNED PROPERTIES (REO'S)
OF THE 34 LISTED 12 ARE SHORT SALE LISTINGS
11 ARE REGULAR SALES

HOMES/CONDO'S SOLD IN THE PAST 30 DAYS:
18 listings SOLD in Stevenson Ranch.
Minimum Sale Price: $260,000 Days on Market: 4
Average Sale Price: $534,507 Days on Market: 97
Maximum Sale Price: $975,000 Days on Market: 495

OF THE 18 SOLD 6 WERE BANK OWNED PROPERTIES (REO'S)
OF THE 18 SOLD 3 WERE SHORT SALE LISTINGS
9 WERE REGULAR SALES

With the constantly changing market we are in my goal is to keep you up to date with the most current home sales statistics in the Stevenson Ranch Area. As a potential seller it helps to give you an idea of what the market performance is doing and what you may anticipate. All properties are different and an in depth comparative market analysis consisting of location, sqft, and upgrades are needed to give you an exact list price. As a buyer these numbers help you to understand what the price ranges are in Stevenson Ranch, there are many different homes for sale. Whether your buying or selling I would like the opportunity to interview with you for the job. I have an extensive marketing plan to put your property in front of buyers to get your property sold.

To see the lastest market activity report click on Stevenson Ranch Home Sales.

My husband and I specialize in short sale/foreclosure properties. 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. We are Santa Clarita Short Sale Specialists 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: http://www.riccosellshomes.com/

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