Santa Clarita Real Estate Blog

November 5, 2009

UPDATE: Obama Expected to Sign Homebuyer Tax Credit Extension on Friday

Measure extending first time homebuyer credit expected to be signed by the President this Friday. The House passed the measure to extend and expand the first time homebuyer tax credit today by a vote 403 to 12, following the Senate’s unanimous approval yesterday. The measure now heads to President Obama’s desk, who is expected to sign it [...]

November 5, 2009

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Senate Votes to Extend and Expand Homebuyer Tax Credit

First time homebuyer tax credit has been extended, and now includes a credit for move-up homeowners. The Senate has unanimously voted to extend the first time homebuyers tax credit, and expand it to include many current homeowners as well. The House is expected to vote on this measure as early as this morning, and if [...]

November 4, 2009

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Six Flags Magic Mountain to Add New Family Coaster

Santa Clarita’s Six Flags Magic Mountain will add its 17th roller coaster in 2010. Six Flags Magic Mountain in Valencia has announced that it will add a new family-oriented roller coaster to its offerings in 2010, bringing the total number of roller coasters at Magic Mountain to 17. This will keep them tied for the title of “roller [...]

November 3, 2009

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Short Sales, Foreclosures and Your Credit Report

How short sales and foreclosures affect your credit report and FICO scores. Both short sales and foreclosures have negative impacts on borrower’s credit reports, but a foreclosure is much more difficult to recover from. After a foreclosure, it will also take considerably longer to restore your credit rating once your financial difficulties are resolved than it would [...]

November 2, 2009

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Obama Expected to Sign Resolution Extending Limits for Fannie Mae, Freddie Mac, and FHA Loans

House and Senate agree to extend Fannie Mae, Freddie Mac and FHA loan limits through 2010. Federally-funded home loan limits were temporarily increased in 2008, with limits up to $729,750 for high-cost areas. That increase was set to expire at the end of this year, which would have dropped the size of loans eligible for GSE and [...]

October 28, 2009

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First Time Home Buyers Tax Credit Likely to be Extended and Expanded

Tax credit to be expanded to include all buyers, with close dates as late as June 30, 2010. Senate leaders have apparently reached a tentative agreement to both extend and expand the federal first time homebuyers tax credit, which as written will extend the credit to include current homeowners as well. The Senate agreement provides [...]

October 28, 2009

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Disney | ABC Studios at The Ranch to Add 12 New Sound Stages in the Santa Clarita Valley

Golden Oak Ranch in Santa Clarita to be expanded with the Disney | ABC Studios at The Ranch project. Disney and ABC have announced plans to expand their facilities at the Golden Oak Ranch, adding 12 new sound stages and other production facilities to their existing property near Highway 14 and Placerita Canyon in the Santa Clarita Valley. [...]

October 27, 2009

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Dialing for Dollars: Call Your Legislators to Extend the $8k Homebuyer Tax Credit

Realtor and consumer groups are getting the word out to activate phone trees for extending the new homebuyer tax credit. Realtors and consumer groups are working to get the $8,000 first time home buyer tax credit extended by calling and emailing their local legislators. The current deadline states that escrow must close before December 1 in [...]

October 26, 2009

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Fannie Mae to Offer Mortgage Forbearance to Investors

New Payment Reduction Plan (PRP) will be available to investors and owners of second homes. Fannie Mae has announced that it will start helping out residential investors by offering temporary payment relief, or forbearance, while the servicer and the borrower work together to find the appropriate permanent foreclosure prevention solution. The new Payment Reduction Plan (PRP) [...]

October 24, 2009

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Backup Status on the MLS: What Does it Mean?

Using MLS status to streamline your home search. Santa Clarita home buyers often find it hard to determine which homes are available for sale and which are already ‘taken’ when searching online, which can add a lot of confusion to their home searches and a lot of wasted effort researching homes that are no longer [...]