Excerpt from:  Santa Clarita Real Estate
.
July 30, 2007

Santa Clarita Short Sale Listings on the Rise

Valencia and Canyon Country lead in the number of short sale homes for sale.

Short sale listings: Are they always a good deal? Nope! There's no guarantee that the bank will authorize a sale for substantially less than the home's current market value. Sometimes the bank will foreclose and hold the home in their inventory, and other times they won't let the seller get off that easily so the seller will end up staying put for a while.

However, there are times when a short sale listing can turn into a killer deal, so it can pay to keep track of homes available for sale subject to short sale provisions.

The short sale process can be a bit tricky, so for more on how short sales work, be sure to read our Short Sale Primer. And be sure to use a Realtor who knows about short sales, whether you're a buyer or a seller, to make the process as smooth as possible since there's a lot of extra steps and paperwork involved in making a short sale work.

Here's an at-a-glance look at the short sales currently available in Santa Clarita as of today. To see the details on all current Santa Clarita short sale listings sorted by area, including photos and all other info, click here.

City

# of Listings

Acton

2

Agua Dulce

4

Canyon Country

46

Castaic

16

Newhall

15

Saugus

22

Stevenson Ranch

3

Valencia

38

Thinking of buying or selling a home subject to a short sale? Contact Linda Slocum at 661.670.0349 or at Linda@SantaClaritaRealEstateBlog.com!

by Linda Slocum
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