Foreclosures experience shrinkage when they are placed in cold water also

 The Santa Clarita Valley numbers today with regard to foreclosures are down quite a bit from back in 2009 through 2013. In fact today we have 29 toll on market foreclosures that are in some type of status. One of the statuses is active, another back up, and another pending. So this is showing you that we have reduced within the foreclosure inventory here in The Santa Clarita Valley cities. With regard to the off market foreclosure listing Santa Clarita valley is currently showing 282 of those types of properties. These are properties that are not in the market for sale and consist of bank owned properties, properties going to auction, bank owned properties, and those that of been sold to a third.