Getting qualified for an FHA loan is just the first step to homeownership. FHA loans can be a great resource for many prospective homeowners, with low down payment requirements and lower credit score requirements for borrowers with less-than-perfect credit. However, getting qualified for your FHA loan is only the first step, since the home you [...]
Archive | March, 2009
Short Sale Primer for Santa Clarita Homeowners
March 23, 2009
If you’re a Santa Clarita homeowner having troubles paying your bills each month, including your mortgage, then this short sale primer is for you! Selling your home as a short sale doesn’t require you to be flat broke, nor does it require you to be seriously behind in your mortgage payments or to have financing [...]
Are You Missing Out on an $8,000 Tax Refund?
March 20, 2009
First-time homebuyers are entitled to an $8,000 refund on their 2008 tax return for 2009 home purchases. Don’t miss out on this opportunity for an $8,000 tax refund if you’re thinking of buying a home this year. It’s not often that the Feds offer free money, and unlike prior tax credits, this one doesn’t need to [...]
Lennar to Buy Back Newhall Ranch Property
March 20, 2009
Lennar is negotiating with creditors to buy back Newhall Ranch land at a discount from its bankrupt Landsource venture. Lennar and its Landsource venture are apparently working on a deal with Landsource’s creditors to buy back the Newhall Ranch property just west of Valencia in the Santa Clarita Valley. This deal would create a new company comprised of [...]
Diary of a Distressed Homeowner: How Loss of Income or Unexpected Expenses Can Lead to Foreclosure
March 2, 2009
Many homeowners are facing foreclosure due to either unexpected expenses or loss of income, even when they don’t have sub-prime loans. Most of us are brainwashed by the news to think that all distressed homeowners, or those who are facing foreclosure, are either people who obtained sub-prime loans or who refinanced their homes to the [...]

March 31, 2009
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