Santa Clarita Real Estate Blog

Santa Clarita hopes to boost the local economy by implementing a new 21-point plan to allocate, generate and re-allocate funds to new projects. In an effort to boost the local Santa Clarita economy, the Santa Clarita City Council has approved a 21-point plan aimed at improving the general economic outlook of the Santa Clarita area. [...]

New Federal plan hopes to encourage banks to modify second mortgages. Many distressed homeowners are all too familiar with the difficulties involved in getting loan modifications for second mortgages, especially if these loans are HELOCs (home equity lines of credit). To ease this process a bit, the Feds have come up with new incentives for [...]

Low enrollment at West Creek Elementary delays school opening for at least a year. West Creek Elementary School, which is connected to Lennar’s West Creek and West Hills developments in Valencia, will not open this year as planned. The school is expected to open in 2010 instead. Saugus Union School District officials have elected to [...]

Foreclosure activity remains relatively low for the Santa Clarita Valley area. Foreclosure auctions in Santa Clarita remain relatively low compared to much of the Los Angeles area for the first quarter of 2009. Canyon Country continues to have the most foreclosure activity, with 130 foreclosures in zip codes 91351 and 91387 combined. Of the 265 [...]

New foreclosure auctions continue to decline in the Los Angeles area. New foreclosure auctions in the Los Angeles area declined by 18% during the first quarter of 2009 as compared to the fourth quarter of 2008, according to data provided by PropertyShark. This brings the current foreclosure activity close to the level that we saw during [...]

Do your homework before paying any advance fees for foreclosure prevention or loan modification services. The California Department of Real Estate (DRE) has issued a consumer alert warning homowners about paying advance fees for foreclosure or loan modification consulting services. If you are behind in your mortgage payments, be sure to investigate before you sign [...]

California’s first time homebuyers to benefit from new insurance program to protect against foreclosure in the event of a job loss due to layoffs. The California Association of REALTORS (CAR) has rolled out a new mortgage protection program for first time homebuyers, effective April 2, 2009. This program provides up to six months of mortgage [...]

Feds get into the movie biz with feature ads warning about foreclosure rescue scams. The Federal Reserve will soon begin showing feature ads at movie theaters warning of foreclosure rescue scams in order to increase public awareness of the various types of “Stop Foreclosure Now!” scams that homeowners in distress are constantly being bombarded with. These ads will [...]

Feds warn against paying high fees for loan modification assistance. The Federal Reserve is trying to educate consumers on the various types of foreclosure rescue scams so they won’t continue to get caught in the trap of these scam artists. Often these messages are delivered in the form of “hand written” letters to the homeowner and [...]