Distressed Properties for Sale in Santa Clarita
See the MLS search results for distressed properties for sale in Santa Clarita. A distressed property is thought to be another term for short sale properties or pre foreclosures but they also include any bank owned properties, bankruptcy listings and sometimes even probate listings. A short sale property or pre foreclosure, both mean the same thing. The home owner is having problems keeping up with the mortgage and in danger of foreclosure. As a result, he or she sells the property and the lender agrees to accept the proceeds from the sale. See below short sale properties for sale in the Santa Clarita vicinity.
Listings below consist of only distressed properties and will include some short sales. Be careful viewing the listings because they may include both active and pending transactions. We want you to be aware of ALL listings because it's common for pending distressed property listings to end up back on the market, multiple times.
More About Distressed Properties for Sale in Santa Clarita
The list above represents most of the distressed properties for sale in Santa Clarita. This is a live feed of short sale, pre-foreclosures, foreclosures and bank owned properties available in Santa Clarita Valley. Please contact us directly with any questions. 661-713-4799.
What Buyers Should Know When Buying a Short Sale Property
When searching distressed properties for sale in Santa Clarita it makes a big difference if you can somehow find out ALL the listing information. Unfortunately, the public facing listings won't tell you what you really need to know. You'll save a ton of time by learning more before you bother looking.
If planning to buy a short sale property in Santa Clarita, at the very least the additional information you need is as follows:
- Number of liens on the property of interest.
- Who are the lenders? This matters because some are easier to work with than others.
- How Far Behind in Payments?
- Has a NOD been filed.
- Sale Date.
- Is the lender willing to extend the sale date?
- Property Occupied? If so, is it a renter or homeowner? If it's a renter you could have problems evicting them after buying the property.
There's more to learn but the only way to find out what you need is to work with an experienced agent who knows his or her way around the system.
Facing foreclosure? We can help you avoid foreclosure and short sale your home.
If you really want to buy distressed properties for sale in Santa Clarita you need to be assured know sellers agent has hired a professional bank negotiating expert to work with the lender. Yes, it costs us, but we hire a pro negotiator for every short sale we list! Let me tell you, it's worth every penny!
CDPE Designated Realtor Matt Gregory
As certified distressed property experts we have a long track record of successfully closed distressed property transactions and highly qualified to represent the seller or the buyer.