September 14, 2009

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Hot Topics in Santa Clarita CA Real Estate

Stay on the leading edge of real estate in Santa Clarita and Valencia California! Find real estate tips, advice, Santa Clarita community news, Santa Clarita real estate information, Santa Clarita and Valencia new development updates, foreclosures, short sales and much more. Here are some quick links to the current Hot Topics on the Santa Clarita Real […]

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January 22, 2011

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Banks Post Record-Breaking Profits for 2010

This week’s real estate headlines included record-breaking profits from some key banks. This week’s news is really no surprise, we all knew that the banks weren’t really losing money hand-over-fist, despite the amount of short sales and foreclosures they’ve been processing. The banks reporting record-breaking 2010 profits: JPMorgan Chase Posts $17.4B Profit for 2010: An […]

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January 22, 2011

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What is a Qualified Home Buyer?

Buyers should pre-qualify for a home loan as the first step of their home search. As Realtors, we’ve often heard potential home buyers say that our ‘job’ is to show them homes, regardless of whether they are qualified to actually buy the home or not. This is counterproductive for a variety of reasons, for both […]

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October 4, 2010

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Wells Fargo to Halt Extensions on Short Sale Deals

Buyers need to close on time, or the short sale transaction may be canceled. Wells Fargo has announced that its investors, including government-sponsored entities (GSE’s), have requested that they halt extensions on short sale transactions. Short sales that close by the date on the approval letter are safe from further action it appears. However, if […]

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January 14, 2010

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Antonovich Calls for No More Pork in State Budget

California’s state payroll soars as other areas receive massive budget cuts. Supervisor Antonovich has declared war on the California budget system, stating that it is “a mix of tax schemes and band aids that only delay the inevitable”. Antonovich’s recommendations include: The elimination of state agencies with duplicative responsibilities A two-year budget to prevent the […]

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January 14, 2010

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Sneak Preview: Dink’s New York Deli at The Patios in Valencia

Dink’s New York Deli at The Patios Valencia is scheduled to open on January 25. Here’s a sneak peak inside the almost-open Dink’s New York Deli in The Patios at Valencia Town Center Mall. Shhhhh… don’t let them know that I leaked this out! The newest Dink’s location is definitely more upscale, with etched glass […]

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January 13, 2010

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California Foreclosures Show Sharp Decline in December

Experts say that decline in California foreclosure activity is not just a seasonal decline. New foreclosure filings, including Notice of Default (NOD) and Notice of Trustee Sale, declined significantly in December 2009 as compared to the prior month. While Notices of Default dropped a significant 17.5% during December 2009, they actually dropped 32.5% on a […]

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December 6, 2009

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HR 3706 to Make it Harder for Homebuyers to Obtain FHA Loans

Proposed changes in FHA loan rules will increase downpayment amounts and loan fees, and decrease closing cost allowances. H.R. 3706, the so-called FHA Taxpayer Protection Act of 2009, is expected to raise the minimum downpayment amount for FHA homebuyers from 3.5% to 5% and reduce the amount of closing costs that can be financed into the mortgage. […]

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December 3, 2009

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Sprouts Farmers Market Store Coming to Santa Clarita

Sprouts will bring more healthy food choices (and hopefully lower prices) for Santa Clarita residents. Sprouts Farmers Market has a new location coming soon to the Valencia area, apparently to take up residence in the old Mervyn’s store location in the River Oaks Shopping Center across from the Valencia Town Center Mall sometime in 2010. Sprouts carries […]

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December 2, 2009

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How to Spiff Up Your Home Without Breaking the Bank

Low-cost fix-up and staging strategies for sellers who are on a budget. Let’s face it, Santa Clarita homebuyers are getting spoiled these days with model homes and professionally staged homes to view, so often they’re expecting every home they look at to be close to model-perfect before they’ll consider buying. What’s a seller to do […]

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December 1, 2009

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FHA Getting Tough on Non-Compliant Lenders

Violations of FHA origination and underwriting requirements may lead to lenders losing their ability to issue FHA loans. Both FHA and Ginnie Mae have withdrawn their approvals for Lend America (also known as Lending Key and Ideal) based on numerous violations of FHA origination and underwriting requirements. The U.S. Department of Housing and Urban Development’s […]

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