I have to say this market is quite strange. A Market, that some would argue, that has never been, and others would say was around in the early 1990's. Either way, from my numbers I am seeing about 40% of the homes, that The Paris911 Team are showing our clients, are in the short sale category.

 This would appear to be the next wave of foreclosures - Santa Clarita Valley and the other areas we serve seem to have been hit really hard in this manner by the falling out by the sub primer back in Feb/Mar 2007. There is also a lot of residual impact from those Negative Amortization and Adjustable Interest Rate mortgages. At this time, both the negative AM product and the ADJ Int Rate, are not in positions to be able to be refinanced. Due to the loss of equity and the homeowner being upside down.

What is the answer? Keep pushing forward I suppose - We have become very good at the Short-Sale process. Our team has also become quite well versed in the obtaining of Foreclosures - REO's - and other distressed properties for our clients. A Word about Short Sales - You indeed need an expert that works with these property types and has a history of performance with the Mitigation Department of the larger banks - We Have and Will Help YOU!!!

With Regard to providing you information to see if you qualify or fit the criteria to petition the bank in allowing you do sell your property in a Short Sale, this is of course handled in a confidential interview and on a case by case basis. Drop us some sort of line so we can get you into our offices and see how we can help you. 661.400.1720 / 800.760.6911

If you are around the Internet and are searching for Home Value information or looking to see what a Current Market Snapshot of your home, potential home, neighborhood or want community information related to restaurants, shopping, entertainment, and schools - You have to look no further than our HomeValue911 Mother site. You will notice 4 different Boards of Realtors we represent. By brining this to you, you are getting the information that you are wanting in a "full disclosure" way as The Paris911 Team preaches.

Foreclosures, Short Sales, Real Estate Owned (Bank owned), auctions, and other distressed properties are available by e-mailing me and checking out www.MoreThanForeclosures.com - Now, here is the Paris911 Team statement of the Month - 5/2008 - "Do not pay for Foreclosure Lists" - All of those properties we have access too - I tell you not to pay - But we do pay - We pay a lot each and every month for the information so we can be the subject matter experts in the realm of Foreclosures and other distressed properties.

Having said that - We just incorporated a new resource from Foreclosure Radar! This cat, the owner, gets and updates information daily - He appears to be a play it forward persona, like our Paris911 Team. Try this resource Below and let me know your feedback. You will be absent address numbers - That is where we come in - Drop me an e-mail at REMAX of Santa Clarita or REMAX of Valencia and I will get you the specific property information from the Multiple Listing Service. However, I also took note that this service that Paris911 provides is better utilizing Zip Code numbers - So input a zip code and have at it. The Foreclosure info should be displayed at the bottom of the server page. -CONNOR with HONOR

Click Here for Foreclosure Radar by The Paris911 Team!!!