Archive | March, 2009

FHA Buyer Alert: Is the Home You Want FHA Approved?

March 31, 2009

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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 [...]

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Short Sale Primer for Santa Clarita Homeowners

March 23, 2009

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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 [...]

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Are You Missing Out on an $8,000 Tax Refund?

March 20, 2009

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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 [...]

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Lennar to Buy Back Newhall Ranch Property

March 20, 2009

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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 [...]

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Diary of a Distressed Homeowner: How Loss of Income or Unexpected Expenses Can Lead to Foreclosure

March 2, 2009

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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 [...]

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