Today, Nick - whom I have never met - called me and asked this question.  "How long do you think the foreclosure market will last?"  My first answer was 2 years, 3 months and 7 days.  He said, "Really?"  I said, "No, but I do have a lighter side.." :)santa clarita foreclosures

He laughed which gave me the chance to explain about the current foreclosure market.  I explained there is a lot that has to re-right itself before we watch as the Foreclosures are reduced to 1% of the total available inventory.

This applies to the Santa Clarita Valley and the rest of the country.  We have economics, unemployment, the election and other "grown up" factors to consider.

I do know this for a fact.  With the "off market" inventory, such as we post on our Foreclosure Update Pages, we have at least a couple of years, at an "unhealthy" number of foreclosures, to contend with.

The exact time frame? - No one knows for sure.  How we operate is by reading everything we can get our hands and eyes on that have to do with the changes in the laws, the banks profits, and other economic factors that are related to the housing industry.  We also pride ourselves on watching some of the factors that have nothing to do with the housing industry.

We are certain that the Housing World is not out of the woods yet.  Just do yourselves a favor, get the best advice possible, work with only those that are Certified Foreclosure Experts, and do some googling before you settle down with one Realtor.

Here is the latest release of the Foreclosure Inventory for the Santa Clarita Valley cities, brought to you by The Paris911 Team at REMAX of Santa Clarita.

Your New Foreclosures alert, All Santa Clarita Cities - NOD filings - Updated, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Preforeclosure 606530 18675 NATHAN HILL DR 16 CANYON COUNTRY 91351 CA CND 2214 3 3.00 12/15/2012 $281,961.00 $497,138.00

Preforeclosure 24543448 16905 SHINEDALE DR SANTA CLARITA 91387 CA CND 2050 3 2.00 12/15/2012 $238,284.00 $286,288.00

Preforeclosure 656375 28209 CANTERBURY CT VALENCIA 91354 CA CND 1485 2 3.00 12/15/2012 $279,262.00 $300,865.00

Preforeclosure 103837 23930 AVENIDA CRESCENTA VALENCIA 91355 CA SFR 2617 6 3.00 12/14/2012 $451,571.00 $524,744.00

Preforeclosure 38059353 17157 CREST HEIGHTS DR SANTA CLARITA 91387 CA SFR 3660 6 3.00 12/15/2012 $474,967.00 $846,906.00

Preforeclosure 500582401 25116 STEINBECK AVE G NEWHALL 91381 CA CND 964 2 2.00 12/14/2012 $193,707.00 $381,514.00

 

Your New Foreclosures alert, Paris911's Auction Alert for Santa Clarita Valley, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Auction 520345549 28130 ROBIN AVE SAUGUS 91350 CA CND 758 2 1.00 09/04/2012 $119,356.00 $248,387.00

 

Your New Foreclosures alert, Paris911's Santa Clarita Bank Owned Real Estate Alert, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Bank Owned 457978 19616 DRYCLIFF ST CANYON COUNTRY 91351 CA SFR 1595 4 2.00 08/22/2012 $271,527.00 $603,514.68

Bank Owned 516968676 24404 ARCADIA ST NEWHALL 91321 CA SFR 3420 3 3.00 08/22/2012 $632,290.00 $620,997.31

 

Your New Foreclosures alert, Paris911's Sold to Third Alert for Santa Clarita Valley CA, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Sold to 3rd 23968816 27837 RIDGEGROVE DR SANTA CLARITA 91350 CA SFR 2605 4 4.00 08/22/2012 $473,857.00 $360,900.01