My office specializes in San Fernando and Santa Clarita Valley and I have two agents who are competent in REO sales in the given area.
Remember, in REO sales there are very few disclosures available for you to judge the condition and history of the property since the Seller (Bank) has no personal knowledge. Thus it is important that you work with an agent who thoroughly understands the process of the sale. Banks typically give you a very restricted time frame under which you have to conduct your inspections and decide whether to go ahead with the purchase or cancel the transaction without forfeiting your deposit. The problem with this short time frame is that you also have to get a loan approval from your lender before you can remove all contingencies: this is where most transactions stall. Lenders have become more meticulous in examining a borrower's financials as well as assessing the property value and condition. Your agent must be able to recognize red flags during the transaction and advise you accordingly in a timely manner.
You definitely need to interview agents before making your selection. Contact me if you would like to proceed ahead.
United America Realty