Stevenson Ranch Short Sales & Bank Owned Properties for sale

As your Stevenson Ranch Certified Pre Foreclosure Specialist team we are here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in the Stevenson Ranch. Whether you are thinking about buying a home, you need to short sale your home, or are just looking to be educated about the current Stevenson Ranch real estate market. 

Many agents will cut and paste the daily numbers, but is this really giving you a true picture of what happening in our market? I have done an in depth analysis of the Stevenson Ranch Pre Foreclosure & Foreclosure Real Estate Market.  I usually do a monthly break down of the bank owned listings vs. the short sale listings but felt it necessary to give you a clear picture of what the statistics are showing us from February 3 to September 2, 2009.

You may have noticed we have reached historic low levels of inventory here in the Santa Clarita Valley. In my opinion the government programs have created a seller's market. The banking institutions are taking advantage of a basic supply vs. demand market with the foreclosure moratoriums in place. By cutting off the supply and creating incentives for first time home buyers to purchase, they have slowed the decline of property values. You can clearly see that President Obama's pressure on the banking industry to streamline loan modifications and short sales is starting to take effect.  If you look closely at the bank owned properties vs. the short sale properties in Stevenson Ranch you will see the bank owned prices have gone down in value but the short sale prices are on the rise. It will be interesting to see how this next wave of Foreclosures will impact our market. 

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH SEPTEMBER 2, 2009:

There are 4 active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending. 6 total bank owned listings in Stevenson Ranch.

Average pending list price: $501,450

Average sale price: $519,990  from 8/2/2009 - 9/2/2009 1 home sold.

The bank owned homes sold $18,540 Above the current average pending list price.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There were NO active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending.

Average pending list price: $635,000

Average sale price: $611,571 from 4/8/2009 - 5/28/2009 7 homes sold.

The bank owned homes sold $23,429 Below the current average pending list price.

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

There were 6 single family homes for sale, 8 homes in back up or pending status.   

Average list price: $549,850 

Average sale price: $575,666  from 1/10/2000 - 02/03/2009 there were 3 homes sold.

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

Stevenson Ranch sale prices for bank owned properties have dropped 15% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH SEPTEMBER 2, 2009:

There are 13 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 11 in back up 5 pending. 29 total short sale listings in Stevenson Ranch.

Average list price: $620,122

Average sale price: $544,166 from 8/2/2009 - 9/2/2009 6 homes sold.

The short sale homes sold for $75,956  Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There were 12 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 12 in back up 7 pending.

Average list price: $567,908

Average sale price: $519,583 from 4/8/2009 - 5/28/2009 12 homes sold.

The short sale homes sold for $48,325  Below the current average list price.

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

There were 21 single family homes for sale, 14 homes in back up or pending status.

Average list price: $537,185        

Average sale price: $438,500 from 1/10/2009 - 02/03/2009 there were 2 homes sold.

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

Stevenson Ranch sale prices for short sale properties have increased by 25% in the past 7 months.

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 Stevenson Ranch. As potential buyers or sellers these numbers help you to understand what the price ranges are for bank owned and short sale properties for sale. There is a big misconception when it comes to bank owned properties (foreclosures) and short sales (pre foreclosures). Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to minimize their loss severity, they want to see offers as close to fair market value as possible. In some instances there are listings that are generating multiple offers which results in a higher sale price. Here is where an experienced agent can guide you with these purchases.

You as a buyer need an agent who truly understands this market and can help you get your desired home whether it is a bank owned or short sale listing. With so much information and misinformation you need an above average agent to guide you through these investment opportunities.

My husband and I are Stevenson Ranch Certified Pre Foreclosure Specialists, PSC with a Certified Distressed Property Experts designation CDPE. By dealing with an Realtor who has earned the CDPE designation, buyers and sellers ensure that they are working with experienced short sale real estate professionals that are equipped to handle their specific needs.

This real estate market has caused unbearable stress and heartache. As Certified Pre Foreclosure Specialists  with a Certified Distressed Property Expert designation 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 Stevenson Ranch families get on the path to recovery.

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. Many of you have heard these terms on the news lately or see these types of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to short sale, pre foreclosure definitions.    

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 short sale specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process. We want to be the number one short sale agent you call, we are here to help you avoid foreclosure.                                    

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show you this beautiful community among others here in the Southern California area. If you would like to search specifically for Stevenson Ranch, Santa Clarita, or any other areas of Southern California go to: Search the MLS like a Realtor

You can track the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the STEVENSON RANCH SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.

4th of July is a day to celebrate our Country's birthday, many of us do this with bbq's, the beach, or our backyards with friends and famlily members. We all have our traditions and our favorite fireworks venues, but this year there have been some changes to our regular fireworks shows. Below is a list of the local fireworks displays in and around our community of Santa Clarita. Make sure you get there early to claim your area there will be large crowds with the limited number of displays this year.

Stevenson Ranch

This year Stevenson Ranch will not be hosting their annual fireworks show at Richard Rioux Park.

Six Flags Magic Mountain

Six Flags Magic Mountain, in the interest of the local community and the high brush fire conditions in the Santa Clarita Valley, will no longer be implementing summer fireworks or the annual 4th of July show.

Valencia 

9:15 pm
Fireworks displaywill be shown over the Westfield Valencia Town Center. The show will last approximately 30 minutes. There is no other entertainment planned during the fireworks. Free. MAP IT!

Castaic 

5:45 am - Park gates open. Come early to get the best picnic spot.

10:00 am - 5:00 pm -
Swim beach is open. (Upper lake is open for boating from 5:45 am to 8:00 pm)

9:20 - 10:00 pm
"Lights of Freedom" fireworks extravaganza (There will be plenty of additional parking for the fireworks show beginning at 6 pm.) $25 per car, $5 pp walk in (5 & under are free)
For more information, call 661-257-4050.
MAP IT!

Filmore

9:00 am - 4:00 pm Car Show and Festival
Open to vehicles 1974 and older. Live entertainment, train rides, great food, and fireworks after dusk. 2008 Photos

6:00 - 9:45pm Firecracker Train
Boards at 6:00 and returns after the City of Fillmore's fireworks. Enjoy a delicious BBQ dinner of tri-tip and chicken, potato salad, BBQ beans, garlic bread, dessert, coffee or tea.

9:15 pm Fireworks in Fillmore

                                                As a courtesy this information was brought to you by

Stunning Stevenson Ranch 3551 sqft pool home listed for $ 785,000, 25610 Melville Court which is located on a quiet cul-de-sac. This is a regular sale. This home features a large kitchen with tile floors, granite countertops with a huge center island and stainless subzero refrigerator. Four bedrooms, one with turret, 3.5 baths with granite, bonus loft area, formal dining room, granite laundry and hardwood floors throughtout. Master travertine shower with marble floors, large master suite. Surround sound family room with fireplace, stained glass windows, recessed lighting, crown molding, and shutters throughtout. French doors to patio, mountian view, gated front courtyard with fountain, 3-car attached garage. This home has many designer touches, you will not be disappointed with this home.
 
If you are looking for a home in Santa Clarita focusing on the areas of Southern Oaks, Westridge  or other areas in Valencia make sure to make this home apart of homes to see. If you a are a buyer that does not have representation and are interested in this home, give us a call to discuss the advantages of representing you as well. To view the virtual tour in this home click on the link below.

To see the virtual tour simply click on the address 25610 Melville Court.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show you this beautiful community among others here in the Southern California area. If you would like to search Stevenson Ranch homes for sale, Santa Clarita homes for sale, or any other areas of Southern California go to: Search the MLS like a Realtor.                                                      

                                                                    Stevenson Ranch Real Estate  Experts

Stevenson Ranch Short Sales & Bank Owned Properties for sale

As your Stevenson Ranch Short Sale Specialist team we are here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in Stevenson Ranch. Whether you are thinking about buying a home or you need to short sale your home these numbers show you a snap shot of the Stevenson Ranch real estate market. As of May 28, 2009 here are the current average list and sale prices for the Stevenson Ranch area. 

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There are NO active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending.

Average pending list price: $635,000

Average sale price: $611,571 from 4/8/2009 - 5/28/2009 7 homes sold.

The bank owned homes sold $23,429  Below the current average pending list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There are 12 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 12 in back up 7 pending.

Average list price: $567,908

Average sale price: $519,583 from 4/8/2009 - 5/28/2009 12 homes sold.

The short sale homes sold for $48,325  Below the current average list price.

Short sale homes in Stevenson Ranch are listed for less and selling for $91,988 LESS then the bank owned homes during the 4/8/2009 - 5/28/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for less then short sale listings.   

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There was 1 active bank owned (REO) single family homes for sale in Stevenson Ranch, 2 in back up 7 pending.

Average list price: $574,900

Average sale price: $526,980 from 2/3/2009 - 04/8/2009 10 homes sold.

The bank owned homes sold $47,920 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There were 20 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 7 in back up 9 pending.

Average list price: $530,237

Average sale price: $534,000 from 2/3/2009 - 04/8/2009 2 homes sold.

The short sale homes sold for $3,763 Above the current average list price.

Short sale homes in Stevenson Ranch are listed for less but are selling for more then the bank owned homes during the 2/3/2009 - 03/2/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings. 

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 short sale, pre foreclosure definitions.   

You as a buyer need an agent who truly understands this market and can help you get your desired home whether it is a bank owned or short sale listing. With so much information and misinformation you need an above average agent to guide you through these investment opportunities.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an agent who has earned the CDPE designation, buyers and sellers ensure that they are working with experienced short sale real estate professionals that are 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.

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 short sale specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process. We want to be the number one short sale agent you call.                                        

Do you know of anyone who is thinking about moving to the Stevenson Ranch? Let me show you this beautiful community among others here in the Southern California area. If you would like to search specifically for Stevenson Ranch, or any other areas of Southern California go to: Search the MLS like a Realtor

You can tract the Stevenson Ranch Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA /STEVENSON RANCH SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.

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

For Stevenson Ranch first time home buyers it is a very exciting time, you have just finished escrow and are all moved in. Now the mail starts coming and you notice letters that appear to be from government agencies telling you that you need someone to help you to file a Declaration of Homestead. Your asking yourself 1. what is a Declaration of Homestead? and 2. there are more fees? I thought I was done with all the fees associated with buying a house in escrow! I believe in education, the more you know the better you can make an informed decision. So what is a Homestead and what does it Do?

A Homestead helps to protect you from losing your house to people you owe money. If you are sued for money in court and lose, the person
who sued you will receive a judgment from the court. If you do not pay the judgment, they can try to collect the money you owe by garnishing
your wages or bank accounts, or by having your automobile or home sold to pay the debt. The Homestead law protects a certain amount of the
value of your home from being taken to pay the judgment. There are 2 kinds of Homestead Exemptions: one is automatic and the other is declared.

Automatic Homesteads

Every homeowner has an automatic Homestead Exemption of at least $50,000 for his or her residence. This protection does not require the signing or filing of any papers or documents. The amount of the Exemption increases to $75,000 if at least one member of the family unit
living in the house owns no interest in the house, as, for example, when a homeowner lives with his or her minor children. If a homeowner is
65 years or older, or is physically or mentally disabled, the amount of the Exemption is $125,000. The $125,000 Exemption also applies to
persons 55 years of age and older if the person is (1) single and has a gross annual income of not more than $15,000, or (2) married and the
individual and his/her spouse have a combined annual income of less than $20,000, and the sale is involuntary. Declared Homestead Exemption
The homeowner can have a Declared Homestead Exemption as well as filing a Homestead Declaration form with the County Recorder in the
county where the house is located. It is important to note that the amount of the Exemption does not change or increase when a Homestead
Declaration is filed.  A Declared Homestead offers extra protection in that it is not automatically lost when a homeowner moves. It will also protect
proceeds of the sale exempted by the Homestead from creditors for six months after the house is sold, even if the homeowner voluntarily sold the
house.

How Do I File A Declared Homestead?

It is easy to file a Declared Homestead by yourself. You do not need to pay someone to do it for you. Simply buy a Homestead Declaration form from an office supply store that carries legal forms. To fill out the form all you need is your name, the name of the co-owner, if any, and the legal
description of the property, which can be found on your deed. Sign the form and have it notarized. Take or mail the form to the County Recorder’s
office along with the required recording fees. What A Homestead Does Not Do A Homestead does not protect against the forced sale of a house
by a bank, savings and loan or other lender holding a mortgage Deed of Trust on the home, or against the enforcement of a valid mechanic’s
lien, or a judgment for child support or spousal support. Warning!

Homestead Filing Services

Many homeowners, especially those who have just purchased a home, receive mail from Homestead filing services. The letters often look like
they are a government office and lead you to believe that you must file a Declared Homestead. Don’t be fooled. The law prohibits Homestead-
filing agencies from making false or misleading statements or presenting themselves as a government agency. The law also prohibits them from
charging more than $25 to file a Homestead Declaration or from collecting any fees until after they have recorded a Homestead Declaration.

Content derived from Los Angeles County Department of Consumer Affairs website, as a homeowner verfiy all information.

Condo owners in Stevenson Ranch not only share common walls and roofs, they also share one anothers financial burdens. Lending practices are constantly changing which is forcing lenders to look more closely at the makeup of entire complexes before they fund loans to prospective buyers or to people who have equity and want to refinance.

With the ever changing real estate market it's making it tougher to buy and sell condos, which are widely considered the housing market's shakiest segment because they are popular with entry-level buyers. The lending practices are also charging higher fees and requiring larger down payments from condo buyers while limiting where they can live. A lot of foreclosure-related losses have come from condo lending, pushing prices lower and wrecking condo association budgets. 

In the recent past, FHA policies barely affected the condo market. Home buyers had abandoned FHA mortgages being lured by subprime loans and easy credit. Developers did not bother to get their buildings approved by HUD, Housing and Urban Development when they were first built. But after the subprime market crashed, borrowers flocked back to the FHA, and suddenly, its policies matter.

Here is an example of what is happening:  A buyer wants to purchase a condo with a conventional loan because they can get a lower interest rates and pay no PMI, private mortgage insurance. But days before they close on their condo purchase the lender learns that to many residents in a complex were overdue on condo association dues. The only other option to purchase the condo is to go with FHA financing. Now here's the tricky part is the condo on the FHA approved list? If the condo complex is not FHA approved  the borrowers only option is to try and get a the spot-approval to obtain FHA financing, which may take time and not be granted.
                                                                           

The stakes are even higher for buyers interested in newly built condos. In those buildings, 70% of the units must be presold before Fannie Mae or Freddie Mac will buy related loans, though exceptions are made. Previously, only 50% had to be presold.

You as a buyer need an experienced agent that understands 1. which complexes are FHA approved 2. which ones could get a spot approval. Buying a condo is an important financial decision. You want to make the right choice - an informed decision.

As a buyer you need an agent who truely understands this market and can help you get your desired condo whether it be a bank owned, short sale, or a traditional 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 are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an agent who has earned the CDPE designation, buyers ensure that they are working with experienced real estate professionals that are equipped to handle their specific needs.

If you would like to search for a condo in Stevenson Ranch, Valencia, Saugus, Canyon Country, Newhall, Castaic, or any other areas of Southern California go to: Search the MLS like a Realtor.

If your interested in selling your Santa Clarita condo and would like a free over the phone market evaluation call 1.800.805.2409 extension 3011. This service is available 24 hours a day, 7 days a week with no obligation. With this call you can receive a copy of our special report "How to Sell Your Home Quickly and for the Most Money". The reason were are making this information available to you is we want you to know what your home is worth before you talk to an agent.

Join the community of Santa Clarita on Sunday, May 3, 2009 from 1pm - 5pm for the 21st annual Taste of the Town - Santa Clarita's Premiere food & wine tasting event for a day of dining, wining, dancing and fun at the 2009 Taste of the Town!

Over thirty of Santa Clarita's finest restaurants, caterers, wine vendors and micro-brewers  will serve up their culinary masterpieces to hundreds of guests. Plus there will be live entertainment by Platinum recording artists Mark LeVang & Friends and a silent auction to help raise funds for the Child & Family Center.

It is important to remember the many children and families who are helped every day by the Child & Family Center's mental health services. Taste of the Town provides much needed funds to continue helping kids with emotional and behavioral problems.

Participating restaurants to date include Babe's Dessert Bar, BJ's Restaurant, Bristol Farms, Castaic Lake Water Agency, Cavi Cucina Italia, Clarice's Cake & Candy Supplies, Frankies NY Italian Restaurant, Freshers, Indian Wells Brewing Co., Jill's Cake Creations, Maru, New Moon, The Paseo Club, Rattler's Bar-B-Que, Roast House, RSVP the Catering Company, Salt Creek Grille Catering, Sisley Italian Kitchen, Stonefire Grill, Tandoori Grill, Trader Joe's, Tropical Smoothie Café, Vines, Vino 100, Vintner's Cellar, Vivoli Café & Trattoria, Wolf Creek Restaurant & Brewing Co.

Don't miss the chance to taste all the exceptional restaurants located here in Santa Clarita while supporting the Child & Family Center a very worth while cause!

Click here The Child & Family Center Website for further information on the center.

Looking for Short Sales or Bank Owned properties in Stevenson Ranch? Let me, Jennifer Ricco a Certified Distressed Property Expert, CDPE from Keller Williams VIP Properties show you how to purchase these homes. I have a service that I use called Listingbook. Listingbook is a personalized web experience designed to streamline your home search. Combining my knowledge and expertise with leading edge technology, Listingbook is your 24/7 window into your targeted housing market. See the properties you want, when you want. Listingbook is continuously updated, every hour. Never miss a price change or new listing! I empower you to view homes when your schedule permits and immediately communicates with you when necessary. You'll have the pulse of the market! An Informed Decision: Want more details on any home that interests you? Research any listing on the market and have access to all the details on the property, including days on market, price history, tax data, multiple images, maps and more. Do you want to know what homes are selling? Obtain detailed information about recently sold properties in a specific area. Want an idea of the monthly costs associated with your dream home? Integrated loan reports instantly calculate estimated housing expenses. Choose any loan rate or purchase price. Morning Reports: You'll receive a daily report from me that identifies new listings of interest, open houses in the area you are searching and notifications of new messages. Communicate instantly with me through integrated messaging and Property Notes. No need to attach anything to an e-mail - Add notes to a listing, and I will be notified of your comments automatically. Buying a home is one of your most important financial decisions. You want to make the right choice - an informed decision. Using Listingbook with an agent's assistance gives you an advantage to finding the perfect home at the right price. Let me, Jennifer Ricco provide you with the best service possible. Don't you deserve it? If you would like to sign up for this service go to: Search the MLS for Short Sales or Bank Owned properties and click on the buyers link.