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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]