Santa Clarita Real Estate Blog

New foreclosure moratorium legislation is likely to have little impact on California homeowners. California’s Governor Schwarzenegger signed a 90-day moratorium on foreclosures last week, but it’s so full of loopholes that it may have little to no impact. The new California foreclosure moratorium affects owner-occupied homes where the first mortgage was recorded between January 1, 2003 [...]

Citigroup and Chase extend moratoriums on new foreclosures as they wait for the final government bailout plan to be approved. Both Citigroup and J.P. Morgan Chase have extended their moratoriums on new foreclosures for another few weeks to allow the dust to settle on the government stimulus bill. The moratorium has been extended through March [...]

Countrywide will be implementing a new online interface to assist Realtors with short sale processing. Countrywide has announced that it will roll out a new online interface to assist in processing short sales in June 2009. This interface is expected to make it easier for Realtors to upload and update information, communicate with Countrywide’s negotiators, [...]

Vacant House Check program has been implemented to reduce crime related to vacant homes in the Santa Clarita Valley. The Santa Clarita Sheriff’s Department has implemented a Vacant House Check program in response to the increasing number of incidents regarding vacant properties within the Santa Clarita Valley. The Vacant House Check program will provide random checks [...]