Short sale listings in the Santa Clarita area by zip code as of December 6, 2007.

Short sale (or preforeclosure) listings in the Santa Clarita area as of December 6, 2007 are definitely on the rise in some areas. Canyon Country homeowners are having the most difficulties, with a total of 103 homes (including single family homes, townhomes and condos) listed as short sales.

Hot spots with four or more short sale listings in a single tract are as follows:

Short sale activity by zip code is below, showing total listings, single family short sale listings, and short sale listings for condos and townhomes.

Excluded from these numbers are the Canyon View Estates, which are manufactured homes on leased land in Canyon Country. There are currently 9 homes listed as short sales in the Canyon View Estates.

Remember that homes listed as short sales are not guaranteed to be sold at or near the asking price, since often times the bank (or other lender) has not agreed to allow the seller to "walk away" at that price. Expect short sale negotiations to take at least a few weeks, and up to six months, to complete.

Be sure to be pre-qualified or pre-approved with a direct lender before making an offer on a short sale property, as many banks will not accept offers without this in place.

Interested in purchasing short sale (pre-foreclosure) properties in the Santa Clarita area? Contact Santa Clarita Realtor Linda Slocum at 661.670.0349 or email her.

Information obtained from SoCal MLS and is deemed reliable but is not guaranteed.

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