Jennifer 's Blog

Pre Foreclosure Avoidance Options Jennifer & Gary Ricco Along With Other Top Professionals to Host Homeowner Outreach Assistance Seminar

Tue, 16 Feb 2010 14:07:25 -0800

**This event is open to all homeowners, not just Wachovia mortgage homeowners**

Pre Foreclosure Specialists Offer Free Reports To Educate Struggling Homeowners In Southern California

Wed, 09 Dec 2009 12:49:55 -0800

Homeowner Resources get Your FREE report! Learn how Jennifer & Gary Ricco with the Certified Distressed Property Expert^® designation are best suited to help Southern California distressed homeowners.

PRE FORECLOSURE OPTIONS

The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to Santa Clarita area residents for foreclosure are many. Following is a brief explanation of these solutions, including their benefits and drawbacks:

Reinstatement
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

Benefit: Does not require the mortgage company or lender's approval.
Drawback: Requires that a homeowner be able to pay all back payments, fines and fees.

Forbearance or Repayment Plan
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

Benefit: Allows the homeowner to make back payments over time.
Drawback: Requires that a homeowner be in a financial position to pay not only their current mortgage, but also a portion of the back payments owed. Some mortgage companies will require a homeowner to 'qualify' for forbearance.

Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

Benefit: Reduces the payment a homeowner is required to make on a monthly basis and may reduce the principal balance of the loan
Drawback: Requires that a homeowner 'qualify' for the new payment and will often require full documentation. Lender has to be actively pursuing modifications.

Rent the Property
A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, is able to convert their property to a rental and use the rental income to pay the mortgage.

Benefit: Allows homeowner to keep property indefinitely.
Drawback: The issues that can arise with a rental property are many, and rent often does not cover the full cost of property ownership and maintenance.

Deed in Lieu of Foreclosure
Also known as a 'friendly foreclosure', a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

Benefit: Many times in a successful deed in lieu, the lender will forego their right to a deficiency judgment.
Drawback: Requires that a homeowner vacate the property, and a deed in lieu may be reported to credit bureaus as a foreclosure.

Bankruptcy
Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

Benefit: Does not require lender approval.
Drawback: If a homeowner cannot afford their mortgage payment, a bankruptcy will only stall-not stop-the foreclosure process. Bankruptcy can be costly, is damaging to credit scores, and can only be declared once every seven years.

Refinance
If a homeowner is lucky enough to have sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

Benefit: In some cases, this will lower payments.
Drawback: In today's market, a refinance will almost always raise mortgage payments, and is an expensive process.

Service members Civil Relief Act (military personnel only)
If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.

Benefit: If qualified, this will lower payments on all consumer debt in addition to mortgage payments.
Drawback: Must be active military to qualify.

Sell the Property
Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure process in their area.

Benefit: Allows homeowner to avoid foreclosure and harvest some of their equity.
Drawback: In many cases today, homeowners do not have sufficient equity to sell their property without negotiating a short sale (see next solution).

Short Sale
If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

Benefit: A short sale allows the homeowner to avoid foreclosure and salvage some of their credit rating. This also keeps foreclosure off the individuals public record, and in many cases will allow the homeowner to avoid a deficiency judgment. Borrower may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure).
Drawback: Short sales can be a trying process in which a homeowner is best served by contracting with a qualified real estate agent to guide the way.

This represents only a summary of some of the solutions available to homeowners facing foreclosure. Please call us today for a free confidential evaluation of your individual situation, property value, and possible options. With our law enforcement backgrounds we pride ourselves on honesty and integrity, your information is kept confidential.

WE CAN SEND YOU THE FOLLOWING FREE REPORTS:

1. Short Sale & Deed-In-Lieu Understand the details and consequences of two dignified solutions to an upside-down mortgage situation.

2. The Truth About Mortgage Modifications The Truth About Mortgage Modifications.

3. 7 Short Sale Myths The 7 most dangerous short sale myths identified and explained.

4. Foreclosure Vs. Short Sale A side-by-side comparison of the consequences of foreclosure and a short sale.

5. Options and Solutions Highlighting 10 alternatives to foreclosure for distressed property homeowners.

To get these Free reports go to: www.SantaClaritaPreForeclosureSpecialists.com simply click on the Resource tab and choose which report you would like e-mailed to you. If you have any questions please feel free to contact these CDPE^® Realtors

Jennifer & Gary Ricco CDPE, PSC Keller Williams VIP Properties

25124 Springfield Court Suite 100 Valencia, Ca 91355
(661) 290-3837

Foreclosure Avoidance Options

Mon, 30 Nov 2009 12:39:26 -0800

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Following is a brief explanation of these solutions:

Reinstatement

A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

Forbearance or Repayment Plan

A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

Mortgage Modification

A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

Rent the Property 

A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, can convert their property to a rental and use the rental income to pay the mortgage.

Deed in Lieu of Foreclosure 

Also known as a 'friendly foreclosure,' a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

Bankruptcy

Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

Refinance

If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

Servicemembers Civil Relief Act (military personnel only)

If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.

Sell the Property

Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure process in their area.

Short Sale 

If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

This represents only a summary of some of the solutions available to homeowners facing foreclosure. For an evaluation of your individual situation, property value, and possible options give us a call to set up your free, confidential consultation.

Understanding your options now could mean all the difference in the world.

www.PreForeclosureSpecialists.com

7 Short Sale Myths

Sun, 29 Nov 2009 16:02:58 -0800

7 Short Sale Myths

There are millions of homeowners just like you who are looking for answers and don't know what to do. You're not alone and you're in the right place.

As Certified Distressed Property Experts, CDPE and Pre Foreclosure Specialists Certified, PSC we have training and experience in providing solutions to homeowners facing financial hardship. Despite our best efforts, there's still an overwhelming amount of misinformation about the options available, especially short sales.

To give you a better idea of the short sale option, and to set straight some of the myths you may have heard, We have prepared a free report just for you - please go to our user friendly website www.SantaClaritaPreForeclosureSpecialists.com and fill out the information to receive your free report. This report will clarify the following myths:

The Bank Would Rather Foreclose Than Bother With A Short Sale
There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure
Listing My Home As A Short Sale Is An Embarrassment
Short Sales Are Impossible And Never Get Approved
Banks Are Waiting On A Bailout And Not Accepting Short Sales
Buyers Are Not Interested In Short Sale Properties
You Must Be Behind On Your Mortgage To Negotiate A Short Sale

These ideas are potentially harmful to homeowners seeking real solutions. We hope you'll review this information for yourself or share it with a homeowner in need.

In these times, we all need to know the truth to know how to get back on track.

If you have any additional concerns about this issue, or your circumstances are urgent, please give us a call.

Gary & Jennifer Ricco CDPE, PSC

Keller Williams VIP Properties

(661) 290-3837

www.Pre-ForeclosureSpecialists.com

Local Santa Clarita Agents Provide Free Information Resource to Stevenson Ranch Homeowners Facing Financial Hardships

Sat, 28 Nov 2009 16:45:15 -0800

FOR IMMEDIATE RELEASE

New Web site presents options for homeowners confronted with the possibility of foreclosure.

Santa Clarita, CA - 11/24/2009 - Local real estate agents and community advocates, Jennifer and Gary Ricco of Keller Williams VIP Properties, today announced the creation of a new information Website for Santa Clarita-area homeowners in distress. www.SantaClaritaPreForeclosureSpecialists.com contains vital facts about the options available to these homeowners, to help them make the educated decisions about their future.

"We developed this site with my community in mind," Jennifer and Gary said. "When faced with the possibility of foreclosure, we have seen too many homeowners make poor choices, listening to bad advice, even walking away from their homes without calling their lender or a real estate agent specializing in pre foreclosure options. These people didn't know the options available, or even how to find any information on their situation.

"We want more for the people of Santa Clarita, and more comes with making informed decisions."

www.SantaClaritaPreForeclosureSpecialists.com acts as a hub for information on the facts and issues for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements, and industry updates.

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that more than seven out of 10 homeowners in foreclosure proceed without any visible assistance.

"Agents with the Certified Distressed Property Expert^Ædesignation are helping distressed homeowners understand that there may be options available to them," Charfen said. "Jennifer and Gary Ricco have been trained to help homeowners avoid foreclosure, and this Website resource to educate the community is a commendable public service."

The CDPE designation provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPE's are able to provide solutions for homeowners facing hardships in today's market.

For more information about CDPE Designation, visit www.cdpe.com.

The End Of An Era! Heres Your Last Chance To Embrace Those Precious Moments Before They Are Gone Forever

Sat, 28 Nov 2009 12:52:12 -0800

The end of an era..... Do you recognize this little box? Before the digital age of technology spread to photography our only way to take colored pictures was to use Kodachrome film. As Realtors, can you imagine doing our job without the instant age of today's technology? Now we can stand in front of our listings take that perfect picture capturing the best angles on our cell phones or digital cameras, load them into our computers and blast within minutes of taking that snapshot out to the world simply amazing. Everything is now done with the click of a mouse; import your picture, make an e-flyer, put together an e-mail blast, post a blog, send a link on Twitter, Facebook, Myspace or text your new listing with our digital pictures.

It wasn't always this easy there was time and attention to detail when it came to taking pictures on our old 35mm cameras. We were limited to 36 pictures to a roll and really had to make sure we were making those snapshots count. Unlike today, we take multiple pictures on our digital cameras with instant results even deleting pictures as we go in search of the perfect poses. I remember as a kid posing for those family get togethers like past Thanksgivings making sure we were all ready, mom or dad saying 'now don't make those funny faces', they were in search of those perfect family moments we all wanted to capture and share. The funny thing was we generally didn't see those pictures until the next major family holiday if we were lucky. Each roll was 36 pictures if all the shots were not taken at one function then the camera went back in the drawer until it was next time to break out the smile. At which point that roll of film hit the good old family junk drawer... ours was a bottomless pit with of rolls of film, paper clips, scissors and glue and any other junk needing to be hid. At some point all the filmed was gathered up and sent away to some place God only knows where and in weeks we had our pictures back. It was exciting to sit down with the family and look back at those photos sharing those special moments again. Sometimes you ordered doubles so you could share those special moments with other friends or family members. I remember always being told don't touch the pictures or the negatives you will leave finger prints all over them! So as always we gently went through the many developed pictures reflecting on the poses or places captured, I cherished those times.

As I started this blog with the words 'end of an era' by the end of 2010 you will no longer be able to get your Kodachrome pictures developed anywhere, believe it or not there is only 1 place in the entire world that you can get your rolls of film developed, it's right here in America, Parsons Kansas. Once there was 2000 places to develop your Kodachrome film now Dwayne's Photo in Parsons is the only place that can do this developing. The reason why I share this blog is I know somewhere in your families junk drawers just like mine you need to dig those rolls out and get those rolls of film developed before we all loose those cherished moments forever. Who knows what is on the rolls of film pictures of relatives past, birthday celebrations, past vacations, school functions? We took our time to make sure those pictures had the perfect poses and sometimes we let those silly faces be made as a way to show we don't always have to be stoic for those serious shots, it would be ashame to loose them forever. Another little slice of Americana is going down in the history books, what's next?

Stevenson Ranch Short Sale & Bank Owned Properties For Sale September 2, 2009

Wed, 02 Sep 2009 16:21:39 -0700

Stevenson Ranch Short Sales & Bank Owned Properties for sale

As your Stevenson Ranch Certified Pre Foreclosure Specialist team we are here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in the Stevenson Ranch. Whether you are thinking about buying a home, you need to short sale your home, or are just looking to be educated about the current Stevenson Ranch real estate market.

Many agents will cut and paste the daily numbers, but is this really giving you a true picture of what happening in our market? I have done an in depth analysis of the Stevenson Ranch Pre Foreclosure & Foreclosure Real Estate Market. I usually do a monthly break down of the bank owned listings vs. the short sale listings but felt it necessary to give you a clear picture of what the statistics are showing us from February 3 to September 2, 2009.

You may have noticed we have reached historic low levels of inventory here in the Santa Clarita Valley. In my opinion the government programs have created a seller's market. The banking institutions are taking advantage of a basic supply vs. demand market with the foreclosure moratoriums in place. By cutting off the supply and creating incentives for first time home buyers to purchase, they have slowed the decline of property values. You can clearly see that President Obama's pressure on the banking industry to streamline loan modifications and short sales is starting to take effect. If you look closely at the bank owned properties vs. the short sale properties in Stevenson Ranch you will see the bank owned prices have gone down in value but the short sale prices are on the rise. It will be interesting to see how this next wave of Foreclosures will impact our market.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH SEPTEMBER 2, 2009:

There are 4 active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending. 6 total bank owned listings in Stevenson Ranch.

Average pending list price: $501,450

Average sale price: $519,990 from 8/2/2009 - 9/2/2009 1 home sold.

The bank owned homes sold $18,540 Above the current average pending list price.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There were NO active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending.

Average pending list price: $635,000

Average sale price: $611,571 from 4/8/2009 - 5/28/2009 7 homes sold.

The bank owned homes sold $23,429 Below the current average pending list price.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUAURY 3, 2009:

There were 6 single family homes for sale, 8 homes in back up or pending status.

Average list price: $549,850

Average sale price: $575,666 from 1/10/2000 - 02/03/2009 there were 3 homes sold.

The bank owned homes sold $25,816 Above the average list price.

Stevenson Ranch sale prices for bank owned properties have dropped 15% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH SEPTEMBER 2, 2009:

There are 13 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 11 in back up 5 pending. 29 total short sale listings in Stevenson Ranch.

Average list price: $620,122

Average sale price: $544,166 from 8/2/2009 - 9/2/2009 6 homes sold.

The short sale homes sold for $75,956 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There were 12 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 12 in back up 7 pending.

Average list price: $567,908

Average sale price: $519,583 from 4/8/2009 - 5/28/2009 12 homes sold.

The short sale homes sold for $48,325 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There were 21 single family homes for sale, 14 homes in back up or pending status.

Average list price: $537,185

Average sale price: $438,500 from 1/10/2009 - 02/03/2009 there were 2 homes sold.

The short sale homes sold for $98,685 below the average list price.

Stevenson Ranch sale prices for short sale properties have increased by 25% in the past 7 months.

With the constantly changing market we are in my goal is to keep you up to date with the most current home sales statistics in Stevenson Ranch. As potential buyers or sellers these numbers help you to understand what the price ranges are for bank owned and short sale properties for sale. There is a big misconception when it comes to bank owned properties (foreclosures) and short sales (pre foreclosures). Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to minimize their loss severity, they want to see offers as close to fair market value as possible. In some instances there are listings that are generating multiple offers which results in a higher sale price. Here is where an experienced agent can guide you with these purchases.

You as a buyer need an agent who truly understands this market and can help you get your desired home whether it is a bank owned or short sale listing. With so much information and misinformation you need an above average agent to guide you through these investment opportunities.

My husband and I are Stevenson Ranch Certified Pre Foreclosure Specialists, PSC with a Certified Distressed Property Experts designation CDPE. By dealing with an Realtor who has earned the CDPE designation, buyers and sellers ensure that they are working with experienced short sale real estate professionals that are equipped to handle their specific needs.

This real estate market has caused unbearable stress and heartache. As Certified Pre Foreclosure Specialists with a Certified Distressed Property Expert designation we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help Stevenson Ranch families get on the path to recovery.

There is a difference between a pre foreclosure and a foreclosure. The time period between the first missed payment and the final bank sale is called the pre foreclosure phase. Foreclosure is a legal process that is initiated whenever a homeowner defaults (stops making payments) on their mortgage(s). When the foreclosure is completed the home is either sold at auction or becomes real property of the lender and is now owned by the lender REO, Real Estate Owned. Many of you have heard these terms on the news lately or see these types of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to short sale, pre foreclosure definitions.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions. We are Santa Clarita's short sale specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process. We want to be the number one short sale agent you call, we are here to help you avoid foreclosure.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show you this beautiful community among others here in the Southern California area. If you would like to search specifically for Stevenson Ranch, Santa Clarita, or any other areas of Southern California go to: Search the MLS like a Realtor

You can track the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the STEVENSON RANCH SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.

There Will Be No Fireworks In Stevenson Ranch This 4th of July, Here's A List of Other Local Fireworks Displays

Thu, 02 Jul 2009 13:23:45 -0700

4th of July is a day to celebrate our Country's birthday, many of us do this with bbq's, the beach, or our backyards with friends and famlily members. We all have our traditions and our favorite fireworks venues, but this year there have been some changes to our regular fireworks shows. Below is a list of the local fireworks displays in and around our community of Santa Clarita. Make sure you get there early to claim your area there will be large crowds with the limited number of displays this year.

Stevenson Ranch

This year Stevenson Ranch will not be hosting their annual fireworks show at Richard Rioux Park.

Six Flags Magic Mountain

Six Flags Magic Mountain, in the interest of the local community and the high brush fire conditions in the Santa Clarita Valley, will no longer be implementing summer fireworks or the annual 4th of July show.

Valencia

9:15 pm
Fireworks displaywill be shown over the Westfield Valencia Town Center. The show will last approximately 30 minutes. There is no other entertainment planned during the fireworks. Free. MAP IT!

Castaic

5:45 am - Park gates open. Come early to get the best picnic spot.

10:00 am - 5:00 pm -
Swim beach is open. (Upper lake is open for boating from 5:45 am to 8:00 pm)

9:20 - 10:00 pm
"Lights of Freedom" fireworks extravaganza (There will be plenty of additional parking for the fireworks show beginning at 6 pm.) $25 per car, $5 pp walk in (5 & under are free)
For more information, call 661-257-4050.
MAP IT!

Filmore

9:00 am - 4:00 pm Car Show and Festival
Open to vehicles 1974 and older. Live entertainment, train rides, great food, and fireworks after dusk. 2008 Photos

6:00 - 9:45pm Firecracker Train
Boards at 6:00 and returns after the City of Fillmore's fireworks. Enjoy a delicious BBQ dinner of tri-tip and chicken, potato salad, BBQ beans, garlic bread, dessert, coffee or tea.

9:15 pm Fireworks in Fillmore

As a courtesy this information was brought to you by

Stevenson Ranch Homes for sale, New Listing, Regular Sale!

Tue, 30 Jun 2009 16:59:35 -0700

Stunning Stevenson Ranch 3551 sqft pool home listed for $ 785,000, 25610 Melville Court which is located on a quiet cul-de-sac. This is a regular sale. This home features a large kitchen with tile floors, granite countertops with a huge center island and stainless subzero refrigerator. Four bedrooms, one with turret, 3.5 baths with granite, bonus loft area, formal dining room, granite laundry and hardwood floors throughtout. Master travertine shower with marble floors, large master suite. Surround sound family room with fireplace, stained glass windows, recessed lighting, crown molding, and shutters throughtout. French doors to patio, mountian view, gated front courtyard with fountain, 3-car attached garage. This home has many designer touches, you will not be disappointed with this home.

If you are looking for a home in Santa Clarita focusing on the areas of Southern Oaks, Westridge or other areas in Valencia make sure to make this home apart of homes to see. If you a are a buyer that does not have representation and are interested in this home, give us a call to discuss the advantages of representing you as well. To view the virtual tour in this home click on the link below.

To see the virtual tour simply click on the address 25610 Melville Court.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show you this beautiful community among others here in the Southern California area. If you would like to search Stevenson Ranch homes for sale, Santa Clarita homes for sale, or any other areas of Southern California go to: Search the MLS like a Realtor.

Stevenson Ranch Real Estate Experts

Stevenson Ranch Short Sale & Bank Owned Properties For Sale May 28, 2009

Thu, 28 May 2009 12:28:22 -0700

Stevenson Ranch Short Sales & Bank Owned Properties for sale

As your Stevenson Ranch Short Sale Specialist team we are here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in Stevenson Ranch. Whether you are thinking about buying a home or you need to short sale your home these numbers show you a snap shot of the Stevenson Ranch real estate market. As of May 28, 2009 here are the current average list and sale prices for the Stevenson Ranch area.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There are NO active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending.

Average pending list price: $635,000

Average sale price: $611,571 from 4/8/2009 - 5/28/2009 7 homes sold.

The bank owned homes sold $23,429 Below the current average pending list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There are 12 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 12 in back up 7 pending.

Average list price: $567,908

Average sale price: $519,583 from 4/8/2009 - 5/28/2009 12 homes sold.

The short sale homes sold for $48,325 Below the current average list price.

Short sale homes in Stevenson Ranch are listed for less and selling for $91,988 LESS then the bank owned homes during the 4/8/2009 - 5/28/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for less then short sale listings.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There was 1 active bank owned (REO) single family homes for sale in Stevenson Ranch, 2 in back up 7 pending.

Average list price: $574,900

Average sale price: $526,980 from 2/3/2009 - 04/8/2009 10 homes sold.

The bank owned homes sold $47,920 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There were 20 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 7 in back up 9 pending.

Average list price: $530,237

Average sale price: $534,000 from 2/3/2009 - 04/8/2009 2 homes sold.

The short sale homes sold for $3,763 Above the current average list price.

Short sale homes in Stevenson Ranch are listed for less but are selling for more then the bank owned homes during the 2/3/2009 - 03/2/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings.

With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Stevenson Ranch. As potential buyers or sellers these numbers help you to understand what the price ranges are for bank owned and short sale properties. As you can see from the new statistics clearly short sale homes are the better value by $91,988!! Buyers you have a great opportunity to get a great deal on a short sale property in Stevenson Ranch. The numbers are very clear if you have the time to wait for the short sale process you will benefit. There is a big misconception when it comes to bank owned properties (foreclosures) and short sales (pre foreclosures). Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to minimize their loss severity. There is a difference between a pre foreclosure and a foreclosure. The time period between the first missed payment and the final bank sale is called the pre foreclosure phase. Foreclosure is a legal process that is initiated whenever a homeowner defaults (stops making payments) on their mortgage(s). When the foreclosure is completed the home is either sold at auction or becomes real property of the lender and is now owned by the lender REO, Real Estate Owned.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to short sale, pre foreclosure definitions.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an agent who has earned the CDPE designation, buyers and sellers ensure that they are working with experienced short sale real estate professionals that are equipped to handle their specific needs.

This real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help families get on the path to recovery.

Do you know of anyone who is thinking about moving to the Stevenson Ranch? Let me show you this beautiful community among others here in the Southern California area. If you would like to search specifically for Stevenson Ranch, or any other areas of Southern California go to: Search the MLS like a Realtor

You can tract the Stevenson Ranch Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA /STEVENSON RANCH SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

Important information for Stevenson Ranch First Time Home Buyers that will save you Money

Fri, 15 May 2009 11:43:47 -0700

For Stevenson Ranch first time home buyers it is a very exciting time, you have just finished escrow and are all moved in. Now the mail starts coming and you notice letters that appear to be from government agencies telling you that you need someone to help you to file a Declaration of Homestead. Your asking yourself 1. what is a Declaration of Homestead? and 2. there are more fees? I thought I was done with all the fees associated with buying a house in escrow! I believe in education, the more you know the better you can make an informed decision. So what is a Homestead and what does it Do?

A Homestead helps to protect you from losing your house to people you owe money. If you are sued for money in court and lose, the person
who sued you will receive a judgment from the court. If you do not pay the judgment, they can try to collect the money you owe by garnishing
your wages or bank accounts, or by having your automobile or home sold to pay the debt. The Homestead law protects a certain amount of the
value of your home from being taken to pay the judgment. There are 2 kinds of Homestead Exemptions: one is automatic and the other is declared.

Automatic Homesteads

Every homeowner has an automatic Homestead Exemption of at least $50,000 for his or her residence. This protection does not require the signing or filing of any papers or documents. The amount of the Exemption increases to $75,000 if at least one member of the family unit
living in the house owns no interest in the house, as, for example, when a homeowner lives with his or her minor children. If a homeowner is
65 years or older, or is physically or mentally disabled, the amount of the Exemption is $125,000. The $125,000 Exemption also applies to
persons 55 years of age and older if the person is (1) single and has a gross annual income of not more than $15,000, or (2) married and the
individual and his/her spouse have a combined annual income of less than $20,000, and the sale is involuntary. Declared Homestead Exemption
The homeowner can have a Declared Homestead Exemption as well as filing a Homestead Declaration form with the County Recorder in the
county where the house is located. It is important to note that the amount of the Exemption does not change or increase when a Homestead
Declaration is filed. A Declared Homestead offers extra protection in that it is not automatically lost when a homeowner moves. It will also protect
proceeds of the sale exempted by the Homestead from creditors for six months after the house is sold, even if the homeowner voluntarily sold the
house.

How Do I File A Declared Homestead?

It is easy to file a Declared Homestead by yourself. You do not need to pay someone to do it for you. Simply buy a Homestead Declaration form from an office supply store that carries legal forms. To fill out the form all you need is your name, the name of the co-owner, if any, and the legal
description of the property, which can be found on your deed. Sign the form and have it notarized. Take or mail the form to the County Recorder’s
office along with the required recording fees. What A Homestead Does Not Do A Homestead does not protect against the forced sale of a house
by a bank, savings and loan or other lender holding a mortgage Deed of Trust on the home, or against the enforcement of a valid mechanic’s
lien, or a judgment for child support or spousal support. Warning!

Homestead Filing Services

Many homeowners, especially those who have just purchased a home, receive mail from Homestead filing services. The letters often look like
they are a government office and lead you to believe that you must file a Declared Homestead. Don’t be fooled. The law prohibits Homestead-
filing agencies from making false or misleading statements or presenting themselves as a government agency. The law also prohibits them from
charging more than $25 to file a Homestead Declaration or from collecting any fees until after they have recorded a Homestead Declaration.

Content derived from Los Angeles County Department of Consumer Affairs website, as a homeowner verfiy all information.

Great News From HUD Today for Stevenson Ranch First Time Home Buyers There is a New Way To use Your Tax Credit

Wed, 13 May 2009 11:17:31 -0700

Many qualified new home buyers today are struggling to come up with a down payment to purchase in today's market today. There is great news fresh off the presses that helps FHA buyers. Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.

Donovan’s remarks came in an address to several thousand Realtors^® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy. Secretary Donovan said that important changes, which the National Association of Realtors^® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table. Again, this only applies to new home buyers, make sure to consult your tax adviser about this new change before you proceed with your purchase. If you would like to search for properties for sale in Stevenson Ranch go to your Stevenson Ranch First Time Home Buyers search. Just click on the buyers link to get your free no obligation Stevenson Ranch home search started.

Looking to buy a condo in Stevenson Ranch? In today's market you need a strategy before you even get into your real estate agents car.

Fri, 08 May 2009 13:05:39 -0700

Condo owners in Stevenson Ranch not only share common walls and roofs, they also share one anothers financial burdens. Lending practices are constantly changing which is forcing lenders to look more closely at the makeup of entire complexes before they fund loans to prospective buyers or to people who have equity and want to refinance.

With the ever changing real estate market it's making it tougher to buy and sell condos, which are widely considered the housing market's shakiest segment because they are popular with entry-level buyers. The lending practices are also charging higher fees and requiring larger down payments from condo buyers while limiting where they can live. A lot of foreclosure-related losses have come from condo lending, pushing prices lower and wrecking condo association budgets.

In the recent past, FHA policies barely affected the condo market. Home buyers had abandoned FHA mortgages being lured by subprime loans and easy credit. Developers did not bother to get their buildings approved by HUD, Housing and Urban Development when they were first built. But after the subprime market crashed, borrowers flocked back to the FHA, and suddenly, its policies matter.

Here is an example of what is happening: A buyer wants to purchase a condo with a conventional loan because they can get a lower interest rates and pay no PMI, private mortgage insurance. But days before they close on their condo purchase the lender learns that to many residents in a complex were overdue on condo association dues. The only other option to purchase the condo is to go with FHA financing. Now here's the tricky part is the condo on the FHA approved list? If the condo complex is not FHA approved the borrowers only option is to try and get a the spot-approval to obtain FHA financing, which may take time and not be granted.

The stakes are even higher for buyers interested in newly built condos. In those buildings, 70% of the units must be presold before Fannie Mae or Freddie Mac will buy related loans, though exceptions are made. Previously, only 50% had to be presold.

You as a buyer need an experienced agent that understands 1. which complexes are FHA approved 2. which ones could get a spot approval. Buying a condo is an important financial decision. You want to make the right choice - an informed decision.

As a buyer you need an agent who truely understands this market and can help you get your desired condo whether it be a bank owned, short sale, or a traditional listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an agent who has earned the CDPE designation, buyers ensure that they are working with experienced real estate professionals that are equipped to handle their specific needs.

If you would like to search for a condo in Stevenson Ranch, Valencia, Saugus, Canyon Country, Newhall, Castaic, or any other areas of Southern California go to: Search the MLS like a Realtor.

If your interested in selling your Santa Clarita condo and would like a free over the phone market evaluation call 1.800.805.2409 extension 3011. This service is available 24 hours a day, 7 days a week with no obligation. With this call you can receive a copy of our special report "How to Sell Your Home Quickly and for the Most Money". The reason were are making this information available to you is we want you to know what your home is worth before you talk to an agent.

The 21st annual Taste of the Town - Santa Clarita's Premiere food & wine tasting event Sunday May 3, 2009

Thu, 30 Apr 2009 12:17:45 -0700

Join the community of Santa Clarita on Sunday, May 3, 2009 from 1pm - 5pm for the 21st annual Taste of the Town - Santa Clarita's Premiere food & wine tasting event for a day of dining, wining, dancing and fun at the 2009 Taste of the Town!

Over thirty of Santa Clarita's finest restaurants, caterers, wine vendors and micro-brewers will serve up their culinary masterpieces to hundreds of guests. Plus there will be live entertainment by Platinum recording artists Mark LeVang & Friends and a silent auction to help raise funds for the Child & Family Center.

It is important to remember the many children and families who are helped every day by the Child & Family Center's mental health services. Taste of the Town provides much needed funds to continue helping kids with emotional and behavioral problems.

Participating restaurants to date include Babe's Dessert Bar, BJ's Restaurant, Bristol Farms, Castaic Lake Water Agency, Cavi Cucina Italia, Clarice's Cake & Candy Supplies, Frankies NY Italian Restaurant, Freshers, Indian Wells Brewing Co., Jill's Cake Creations, Maru, New Moon, The Paseo Club, Rattler's Bar-B-Que, Roast House, RSVP the Catering Company, Salt Creek Grille Catering, Sisley Italian Kitchen, Stonefire Grill, Tandoori Grill, Trader Joe's, Tropical Smoothie Café, Vines, Vino 100, Vintner's Cellar, Vivoli Café & Trattoria, Wolf Creek Restaurant & Brewing Co.

Don't miss the chance to taste all the exceptional restaurants located here in Santa Clarita while supporting the Child & Family Center a very worth while cause!

Click here The Child & Family Center Website for further information on the center.

Stevenson Ranch pre foreclosure, short sale timeline

Wed, 29 Apr 2009 11:49:40 -0700

For FREE 24 hour recorded information call the Santa Clarita Foreclosure Avoidance Resource Help Line 1(800)805-2409 ext 2002.

Looking for Short Sales or Bank Owned properties in Stevenson Ranch?

Wed, 15 Apr 2009 17:29:21 -0700

Looking for Short Sales or Bank Owned properties in Stevenson Ranch? Let me, Jennifer Ricco a Certified Distressed Property Expert, CDPE from Keller Williams VIP Properties show you how to purchase these homes. I have a service that I use called Listingbook. Listingbook is a personalized web experience designed to streamline your home search. Combining my knowledge and expertise with leading edge technology, Listingbook is your 24/7 window into your targeted housing market. See the properties you want, when you want. Listingbook is continuously updated, every hour. Never miss a price change or new listing! I empower you to view homes when your schedule permits and immediately communicates with you when necessary. You'll have the pulse of the market! An Informed Decision: Want more details on any home that interests you? Research any listing on the market and have access to all the details on the property, including days on market, price history, tax data, multiple images, maps and more. Do you want to know what homes are selling? Obtain detailed information about recently sold properties in a specific area. Want an idea of the monthly costs associated with your dream home? Integrated loan reports instantly calculate estimated housing expenses. Choose any loan rate or purchase price. Morning Reports: You'll receive a daily report from me that identifies new listings of interest, open houses in the area you are searching and notifications of new messages. Communicate instantly with me through integrated messaging and Property Notes. No need to attach anything to an e-mail - Add notes to a listing, and I will be notified of your comments automatically. Buying a home is one of your most important financial decisions. You want to make the right choice - an informed decision. Using Listingbook with an agent's assistance gives you an advantage to finding the perfect home at the right price. Let me, Jennifer Ricco provide you with the best service possible. Don't you deserve it? If you would like to sign up for this service go to: Search the MLS for Short Sales or Bank Owned properties and click on the buyers link.

Stevenson Ranch Short Sale & Bank Owned Properties For Sale April 8, 2009

Thu, 09 Apr 2009 12:21:52 -0700

Stevenson Ranch Short Sale & Bank Owned Properties for sale

As your Santa Clarita Certified Distressed Property Expert, CDPE. I am here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in the Santa Clarita Valley. As of April 8, 2009 here is the current average list and sale prices for the Stevenson Ranch area.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There is 1 active bank owned (REO) single family homes sale in Stevenson Ranch, 2 in back up 7 pending.

Average list price: $574,900

Average sale price: $526,980 from 2/3/2009 - 04/2/2009 10 homes sold.

The bank owned homes sold $47,920 below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There are 20 active short sale, pre foreclosure single family homes sale in Stevenson Ranch, 7 in back up 9 pending.

Average list price: $530,237

Average sale price: $534,000 from 2/3/2009 - 04/2/2009 2 homes sold.

The short sale homes sold for $3,763 above the current average list price.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There were 6 single family homes sale.

Average list price: $549,850

Average sale price: $575,666 From 1/10/2009 - 02/03/2009, 3 homes sold.

The bank owned homes sold $25,816 above the average list price.

There are 8 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There were 21 single family homes sale.

Average list price: $537,185

Average sale price: $438,500 From 1/10/2009 - 02/03/2009, 2 homes sold.

The short sale homes sold for $98,685 below the average list price.

There are 14 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Valley. As potential buyers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties and short sales. Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to minimize their loss severity.

You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an agent who has earned the CDPE designation, buyers and sellers ensure that they are working with a real estate professional that is equipped to handle their specific needs.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Distressed Property Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley or Stevenson Ranch? Let me show them this beautiful community among others here in the Southern California area.

If you would like to see a complete break down of the Santa Clarita Short Sales and Bank Owned Properties go to: www.SantaClaritaCertifiedDistressedPropertyExperts.com to see the statistics. Simply click on the BLOG button and scroll down to see: Santa Clarita Short Sale & Bank Owned Properties For Sale April 8, 2009 and click.

If you would like to search specifically in Stevenson Ranch for short sales, bank owned, or regular listings go to: www.SantaClaritaValleyShortSales.com .

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

Stevenson Ranch First Time Home Buyers Who Loose Their Jobs Due To Layoffs May Be Eligible To Receive $1500 A Month!

Fri, 03 Apr 2009 14:48:22 -0700

Here's another great program that the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) launched. The C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP), for first-time home buyers.

Through the Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit.

C.A.R.'s Housing Affordability Fund is dedicating $1 million toward its Mortgage Protection Program, and estimates that as many as 3,000 families will benefit from the program this year.

To qualify for the Mortgage Protection Program, applicants must:

· Be a first-time home buyer - someone who has not owned a home in three

or more years

· Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009

· Use a California REALTOR® in the transaction

· Purchase the property in California

· Be a W-2 employee (cannot be self-employed)

To apply for the program, home buyers must request an application for the H.A.F. Mortgage Protection Program from Jennifer and Gary Ricco REALTORS®, or your Realtor.

My husband Gary and I have taken the time to learn about this current real estate market. We specialize in distressed properties whether your buying or selling, we are Certified Distressed Property Experts, CDPE. By dealing with agents who have earned the CDPE designation, you as a home buyer ensure that you are working with real estate professionals that are equipped to handle your specific needs.

As a first time home buyer, you have a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. Now is a great time to buy with the right long term strategy and obtain a great interest rate which are at an all time low. As a first time home buyer let us help you find the home of your dreams. To learn about the First time Home buyer Tax Credit go to Gary's blog: http://activerain.com/blogsview/1004242/Is-Now-The-right-Time-To-Buy-If-Your-A-First-Time-Homebuyer

You need a team of experienced professionals guiding you through the purchase of your dream home. We work the Santa Clarita Valley, the San Fernando Valley, Palmdale, and Ventura County. If you would to learn more about us and the services we provide go to www.RiccoSellsHomes.com or give us a call at 661.290.3837. If you would like to search the MLS and get daily updates on properties available in the Santa Clarita or San Fernando Valley go to: http://santaclaritavalleyhomesforsale.listingbook.com/

FIRST TIME HOME BUYER GRANT FOR FAMILIES WHO WOULD LIKE TO PURCHASE IN THE SANTA CLARITA OR SAN FERNANDO VALLEY

Thu, 26 Mar 2009 19:04:47 -0700

As a member of the Southland Regional Association of Realtors I am always looking for ways to educate potential home buyers on the latest programs. Here is Grant to help first time home buyers that serves our local communities. This grant currently provides a home ownership grant to low and moderate-income individuals and families who purchase a home in the San Fernando and Santa Clarita Valley. The amount of the grant will be $4,000. Here is how the Grant works:

The funds are paid after the close of escrow and there are no repayment requirements.

The Southland Association of Realtors staff will administer the applications.

The grants will be awarded to the most deserving candidates.

Each candidate would receive $2,000 from the SRAR Foundation, and a further $2,000 from the

C.A.R. Housing Affordability Fund.

NOTE: THERE IS A LIMITED NUMBER OF GRANTS. GRANTS WILL BE AWARDED TO

QUALIFIED APPLICANTS BASED ON AVAILABILITY OF FUNDS AND ACCORDING TO

INDIVIDUAL APPLICANT NEED. BUYERS NEED TO BE AWARE THAT THERE IS NO

GUARANTEE THAT AN APPLICATION WILL RESULT IN A GRANT.

Here are the requirements to qualify:

1. You must be a first time home buyer.

2. Your combined family income level must be at $120,000 or less per year.

3. You must attend the Los Angeles Neighborhood Housing Services class.

4. The home must be located in the San Fernando or Santa Clarita Valley.

5. Buyer's REALTOR must be a full Southland Association of Realtors member.

6. Must receive additional assistance programs.

To receive the funds you will need:

1. A photocopy of your ID (BUYER).

2. A copy of your final closing statement. You will receive this from the Escrow Company a few days

after your transaction.

3. Page 8 of the contract showing buyer's agent.

4. Your class certification.

5. Details of loan programs AND assistance programs that you attained. Please include loan addendum

that indicates low or moderate income program funding.

6. First Time Home Buyers verification (Lender/CPA/W2's etc.).

Once you have assembled this information, it must be submitted to:

It may take a month or longer to receive the funds after all the paperwork has been submitted.

My husband Gary and I have taken the time to learn about this current real estate market. We specialize in distressed properties whether your buying or selling, we are Certified Distressed Property Experts, CDPE. By dealing with agents who have earned the CDPE designation, home buyers ensure that they are working with real estate professionals that are equipped to handle their specific needs.

You as a first time home buyer have a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. Now is a great time to buy with the right long term strategy and obtain a great interest rate which are at an all time low. As a first time home buyer let us help you find the home of your dreams. To learn about the First time Home buyer Tax Credit go to Gary's blog: http://activerain.com/blogsview/1004242/Is-Now-The-right-Time-To-Buy-If-Your-A-First-Time-Homebuyer

You need a team of experienced professionals guiding you through purchase of your dream home. We work both the Santa Clarita and San Fernando Valley's. If you would to learn more about us and the services we provide go to www.RiccoSellsHomes.com. If you would like to search the MLS and get daily updates on properties available in the Santa Clarita or San Fernando Valley go to: http://santaclaritavalleyhomesforsale.listingbook.com/

Santa Clarita Homeowners Beware Of The Property Tax Scams Out There, YOU Need To Read This!

Fri, 06 Feb 2009 12:51:56 -0800

Here is the latest scam that is going on which was brought to our attention by our clients as well as at our recent Keller Williams Office meeting. Private companies are trying to take advantage of homeowners who are upside down on their property values. Homeowners have been receiving a notice in the mail stating that they need to pay anywhere between $100-$200 to apply for a property tax reduction. The letter also goes on to say that there is an imposed timeline in which you have to file with their company before They charge a late fee. There are various companies that are crawling out of the woodwork to scam homeowners into thinking they must respond to these letters. I am here to get the word out to you . There are no fees associated with applying for a property tax reduction through the County Assessors office Period!! only a government agency can issue such notices, it is a violation of California laws. If you or someone you know receives an illegal solicitation, please contact the Los Angeles County Department of Consumer Affairs by phone at (800) 973-3370 or visit their website.

Another issue that our clients are concerned with is seeing a 2% tax increase in their property taxes in this declining market. You may ask yourself but how can my taxes increase when property values are decreasing? Here's how it works. Unless you own a single family home or condo that you bought after July 1, 2004, the value of your property as shown on the property tax bill probably went up by 2% from last year. You might wonder how is this possible when real estate values are dropping. The answer is in the way property is valued under Proposition 13. Generally speaking, the assessed value of your property under Proposition 13 is established when you either buy or build the property. This is called the "base year value". This base year value can only increase by 2% each year, even if the market value of the property increases at a significantly higher rate. In a rapidly increasing real estate market, like we experienced in the early 2000's, the difference between the assessed value of your property and the actual market value can be substantial. For example, If you purchased your home in 2000 for $240,000, the base year value is $240,000. By 2004, the actual market value of your property had increased to $420,000 but the assessed value, limited by 2% annual increases, had only increased to $259,782. In 2005, the market value of your property began to drop. Even though the drop was significant, all the way down to $320,000 by 2008, it was still more than the 2008 assessed value of $281,194. If at some point in the future, the market value of your property drops below the assessed value, the 2% will not be applied and the actual market value of your property will be the assessed value for that year.

SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE FEBRUARY 3, 2009

Tue, 03 Feb 2009 20:44:28 -0800

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita. As of today's date February 3, 2009 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUAURY 3, 2009:

There are 6 single family homes sale.

Average List Price: $549,850 Days on Market: 75

From 1/10/2000 - 02/03/2009 there were 3 homes sold, the average sale price was $575,666 days on market 48.

The bank owned homes sold $25,816 above the average list price.

There are 8 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There are 21 single family homes sale.

Average List Price: $537,185 Days on Market: 98

From 1/10/2009 - 02/03/2009 there were 2 homes sold, the average sale price was $438,500 day on market 27.

The short sale homes sold for $98,685 below the average list price.

There are 14 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $535,800 Days on Market: 32

From 12/13/2008 - 01/10/2009 there were 5 homes sold, the average sale price was $549,780 days on market 33.

The bank owned homes sold $13,980 above the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:

There are 26 single family homes sale.

Average List Price: $537,987 Days on Market: 93

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $490,500 day on market 27.

The short sale homes sold for $47,487 below the average list price.

There are 8 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There are 18 single family homes sale.

Average List Price: $492,100 Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 6 homes sold, the average sale price was $456,491 days on market 35.

The bank owned homes sold for $35,609 below the average list price.

There are 30 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There are 81 single family homes sale.

Average List Price: $461,054 Days on Market: 119

From 1/10/2000 - 02/03/2009 there were 3 homes sold, the average sale price was $396,666 days on market 121.

The short sale homes sold for $64,388 below the average list price.

There are 42 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $532,800 Days on Market: 32

From 12/13/2009 - 01/10/2009 there were 13 homes sold, the average sale price was $442,730 days on market 34.

The bank owned homes sold for $90,070 below the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 85 single family homes sale.

Average List Price: $457,265 Days on Market: 119

From 12/13/2008 - 01/10/2009 there were 9 homes sold, the average sale price was $391,266 days on market 194.

The short sale homes sold for $65,999 below the average list price.

There are 36 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There are 20 single family homes sale.

Average List Price: $371,271 Days on Market: 60

From 1/03/2009 - 02/03/2009 there were 10 homes sold, the average sale price was $412,818 day on market 30.

The bank owned homes sold for $41,547 above the average list price.

There are 26 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There are 63 single family homes sale.

Average List Price $453,837 Days on Market: 115

From 1/10/2009 - 02/03/2009 there were 1 homes sold, the average sale price was $495,000 days on market 36.

The short sale homes sold for $41,163 above the average list price.

There are 32 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 20 single family homes sale.

Average List Price: $378,530 Days on Market: 56

From 12/13/2008 - 01/10/2009 there were 14 homes sold, the average sale price was $420,155 day on market 43.

The bank owned homes sold for $31,147 above the average list price.

There are 25 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 66 single family homes sale.

Average List Price $456,980 Days on Market: 115

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $425,833 days on market 204.

The short sale homes sold for $31,147 below the average list price.

There are 25 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There are 10 single family homes sale.

Average List Price: $326,490 Days on Market: 52

From 1/10/2009 - 02/03/2009 there were 4 homes sold, the average sale price was $338,506 days on market 37.

The bank owned homes sold for $12,016 above the average list price.

There are 17 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There are 36 single family homes sale.

Average List Price: $404,631 Days on Market: 145

From 1/10/2009 - 02/03/2009 there were 1 homes sold, the average sale price was $330,000 day on market 204.

The short sale homes sold for $74,631 below the average list price.

There are 12 homes in back up or pending status.

Short sale homes in Newhall are selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 14 single family homes sale.

Average List Price: $360,189 Days on Market: 55

From 12/13/2008 - 01/10/2009 there were 4 homes sold, the average sale price was $330,700 days on market 34.

The bank owned homes sold for $29,489 below the average list price.

There are 15 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 33 single family homes sale.

Average List Price: $418,599 Days on Market: 156

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $319,000 day on market 278.

The short sale homes sold for $99,599 below the average list price.

There are 13 homes in back up or pending status.

Short sale homes in Newhall are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There are 32 single family homes sale.

Average List Price: $327,498 Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 26 homes sold, the average sale price was $322,226 days on market 30.

The bank owned homes have sold for $5,272 below the average list price.

There are 58 homes in back up or pending status.

Bank owned homes in Canyon Country are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There are 117 single family homes sale.

Average List Price: $374,665 Days on Market: 119

From 1/10/2009 - 02/03/2009 there were 5 home sold, the average sale price was $438,000 days on market 195.

The short sale homes have sold for $63,335 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 39 single family homes sale.

Average List Price: $343,562 Days on Market: 35

From 12/13/2008 - 01/10/2009 there were 33 homes sold, the average sale price was $340,813 days on market 27.

The bank owned homes have sold for $2,749 below the average list price.

There are 59 homes in back up or pending status.

Bank owned homes in Canyon Country are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 117 single family homes sale.

Average List Price: $388,882 Days on Market: 121

From 12/13/2008 - 01/10/2009 there were 6 home sold, the average sale price was $463,583 days on market 198.

The short sale homes have sold for $74,701 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently there are 14 single family homes sale.

Average List Price: $496,221 Days on Market: 61

From 1/10/2009 - 02/03/2009 there were 6 homes sold, the average sale price was $432,500 days on market 33

Bank owned homes sold for $63,721 below the average list price.

There are 14 properties in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently there are 44 single family homes sale.

Average List Price: $392,324 Days on Market: 137

From 1/10/2009 - 02/03/2009 there were 4 homes sold, the average sale price was $407,500 days on market 71

The short sale homes sold for $15,176 above the list price.

19 properties are in back up status or pending.

Short sale homes in Castaic are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 15 single family homes sale.

Average List Price: $509,136 Days on Market: 36

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $344,416 days on market 47

Bank owned homes sold for $164,720 below the average list price.

There are 11 properties in back up or pending status.

Bank owned homes in Castaic are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 44 single family homes sale.

Average List Price: $380,289 Days on Market: 141

From 12/13/2008 - 01/10/2009 there were 3 homes sold, the average sale price was $384,966 days on market 136

The short sale homes sold for $4677.00 above the list price.

21 properties are in back up status or pending.

With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Area. As potential buyers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties. Many are led to believe that these homes are the better deal in today's market. A home goes back to the lender after the foreclosure process is completed. There are many reasons for this. Unfortunately the main reason is most people are paralyzed with fear and don't know who to turn to.

If you look closely at the statistics the areas where the REO's (bank Owned) are listed higher then the short sales they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia. A short sale listing that was unsuccessfully negotiatied by the listing agent will then go through the foreclosure process. That property then become an REO (bank Owned). The bank is empowered to set a higher market value in an attempt to reduce their losses. The period of time between the first missed payment and the final bank sale is called the pre-foreclosure phase. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase. You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

My husband and I just obtained our Certified Distressed Property Expert designation CDPE. We are experts in distressed properties. By dealing with an agent who has earned the CDPE designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre-foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Short Sale Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

You can tract the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

Stevenson Ranch Approved Short Sale, $530,000 4+3, 2584 SQFT

Tue, 27 Jan 2009 12:22:30 -0800

NO NEED TO WAIT FOR THIS HOME, IT WAS JUST APPROVED AT $530,000, NO CLOSING COST CREDIT, NEED TO CLOSE ESCROW ON OR BEFORE FEBRUARY 26, 2009. THIS LOVELY HOME IS LOCATED IN THE HIGHLY SOUGHT AFTER COMMUNITY OF STEVENSON RANCH IS WHICH S LOCATED IN NORTH LOS ANGELES COUNTY WITHIN THE COMMUNITY OF SANTA CLARITA. SANTA CLARITA BEING HOME OF SIX FLAGS MAGIC MOUNTAIN, THE CALIFORNIA ART INSTITUTE, AND NUMEROUS OTHER POINTS OF INTEREST. LAKE CASTAIC WHICH IS KNOWN FOR IT'S FISHING, BOATING, AND PARKS IS LOCATED LESS THEN 10 MINUTES FROM THIS HOME.

25338 JOYCE PLACE IS MOVE IN READY, IT HAS 4 BEDROOMS 3 BATHROOMS AND IS 2584 SQFT THE LOT IS JUST UNDER 12,000 SQFT. THIS HOME FEATURES MARBLE ENTRYWAY, VAULTED CEILINGS IN LIVING AND DINING ROOMS. KITCHEN HAS GRANITE COUNTERTOPS, CENTER ISLAND AND AN ATRIUM LOOKING INTO BACKYARD. MASTER SUITE HAS A FIREPLACE AND SITTING AREA. THE MASTER BATHROOM HAS A JETTED TUB AND IS SPACIOUS. THE 4TH BEDROOM IS CURRENTLY SET UP AS AN OFFICE. THE BACKYARD IS PRIVATE WITH LUSH LANDSCAPING AND 2 PATIO COVERS. 3 CAR GARAGE. THIS AREA HAS AWARD WINNING SCHOOLS AND HAS EASY ACCESS TO THE 5 FREEWAY FOR THOSE WHO NEED TO COMMUTE. IF YOU WOULD LIKE TO SEE MORE PICTURES OF THIS PROPERTY GO TO WWW.SANTACLARITAVALLEYHOMESONLINE.COM AND CLICK ON THE FEATURED PROPERTIES BUTTON.

THIS HOME IS A SHORT SALE. THIS HOME IS LISTED BY GARY & JENNIFER RICCO KELLER WILLIAMS VIP PROPERTIES, SANTA CLARITA'S SHORT SALES SPECIALISTS. IF YOU HAVE ANY QUESTIONS E-MAIL ME AT Jennifer@JenniferRicco.com OR CALL 661.290.3837.

THIS HOME HAS HAD THE TERMITE REPAIRS DONE, THE REPORT IS CLEAR.

INFORMATION DEEMED RELIABLE, NOT GUARANTEED.

I HAVE INCLUDED A MAP FOR YOU TO VIEW EXACTLY WHERE THIS HOME IS LOCATED.

SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE JANUARY 10, 2009

Sun, 11 Jan 2009 12:28:31 -0800

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita. As of today's date January 10, 2009 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $535,800 Days on Market: 32

From 12/13/2008 - 01/10/2009 there were 5 homes sold, the average sale price was $549,780 days on market 33.

The bank owned homes sold $13,980 above the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH JANUARY 9, 2009:

There are 26 single family homes sale.

Average List Price: $537,987 Days on Market: 93

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $490,500 day on market 27.

The short sale homes sold for $47,487 below the average list price.

There are 8 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

There were 9 single family homes sale.

Average List Price: $537,466 Days on Market: 36

There were 7 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

There were 23 single family homes sale.

Average List Price: $521,391 Days on Market: 77

10 properties were in back up status or pending

ACTIVE BANK OWNED LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 10 single family homes sale.

Average List Price: $532,800 Days on Market: 32

From 12/13/2009 - 01/10/2009 there were 13 homes sold, the average sale price was $442,730 days on market 34.

The bank owned homes sold for $90,070 below the average list price.

There are 6 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 85 single family homes sale.

Average List Price: $457,265 Days on Market: 119

From 12/13/2008 - 01/10/2009 there were 9 homes sold, the average sale price was $391,266 days on market 194.

The short sale homes sold for $65,999 below the average list price.

There are 36 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 24 single family homes sale.

Average List Price: $536,262 Days on Market: 45

There were 23 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 86 single family homes sale.

Average List Price: $472,165 Days on Market: 109

37 properties were in back up status or pending.

ACTIVE BANK OWNED LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 20 single family homes sale.

Average List Price: $378,530 Days on Market: 56

From 12/13/2008 - 01/10/2009 there were 14 homes sold, the average sale price was $420,155 day on market 43.

The bank owned homes sold for $31,147 above the average list price.

There are 25 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 66 single family homes sale.

Average List Price $456,980 Days on Market: 115

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $425,833 days on market 204.

The short sale homes sold for $31,147 below the average list price.

There are 25 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN SAUGUS DECEMBER 13, 2008:

There were 26 single family homes sale.

Average List Price: $391,819 Days on Market: 50

There are 24 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN SAUGUS DECEMBER 13, 2008:

There were 74 single family homes sale.

Average List Price: $471,754 Days on Market: 116

26 properties were in back up status or pending

ACTIVE BANK OWNED LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 14 single family homes sale.

Average List Price: $360,189 Days on Market: 55

From 12/13/2008 - 01/10/2009 there were 4 homes sold, the average sale price was $330,700 days on market 34.

The bank owned homes sold for $29,489 below the average list price.

There are 15 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 33 single family homes sale.

Average List Price: $418,599 Days on Market: 156

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $319,000 day on market 278.

The short sale homes sold for $99,599 below the average list price.

There are 13 homes in back up or pending status.

Short sale homes in Newhall are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN NEWHALL DECEMBER 13, 2008:

There were 11 single family homes sale.

Average List Price: $399,718 Days on Market: 51

There were 10 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN NEWHALL DECEMBER 13, 2008:

There were 44 single family homes sale.

Average List Price: $416,631 Days on Market: 135

9 properties were in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 39 single family homes sale.

Average List Price: $343,562 Days on Market: 35

From 12/13/2008 - 01/10/2009 there were 33 homes sold, the average sale price was $340,813 days on market 27.

The bank owned homes have sold for $2,749 below the average list price.

There are 59 homes in back up or pending status.

Bank owned homes in Canyon Country are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 117 single family homes sale.

Average List Price: $388,882 Days on Market: 121

From 12/13/2008 - 01/10/2009 there were 6 home sold, the average sale price was $463,583 days on market 198.

The short sale homes have sold for $74,701 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 36 single family homes sale.

Average List Price: $311,000 Days on Market: 36

There are 74 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 122 single family homes sale.

Average List Price: $387,227 Days on Market: 99

18 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 15 single family homes sale.

Average List Price: $509,136 Days on Market: 36

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $344,416 days on market 47

Bank owned homes sold for $164,720 below the average list price.

There are 11 properties in back up or pending status

Bank owned homes in Castaic are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 44 single family homes sale.

Average List Price: $380,289 Days on Market: 141

From 12/13/2008 - 01/10/2009 there were 3 homes sold, the average sale price was $384,966 days on market 136

The short sale homes sold for $4677.00 above the list price.

21 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CASTAIC DECEMBER 13, 2008:

There were 12 single family homes sale.

Average List Price: $419,266 Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC DECEMBER 13, 2008:

There were 58 single family homes sale.

Average List Price: $390,992 Days on Market: 123

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE, DECEMBER 13, 2008

Sat, 13 Dec 2008 18:15:13 -0800

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita. As of today's date December 13, 2008 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

Currently there are 9 single family homes sale.

Average List Price: $537,466 Days on Market: 36

There are 7 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:

Currently there are 23 single family homes sale.

Average List Price: $521,391 Days on Market: 77

10 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH NOVEMBER 24, 2008:

There were 6 single family homes sale.

Average List Price: $584,916 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH NOVEMBER 24, 2008:

There were 20 single family homes sale.

Average List Price: $513,244 Days on Market: 81

ACTIVE BANK OWNED LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 24 single family homes sale.

Average List Price: $536,262 Days on Market: 45

There are 23 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN VALENCIA DECEMBER 13, 2008:

Currently there are 86 single family homes sale.

Average List Price: $472,165 Days on Market: 109

37 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN VALENCIA NOVEMBER 24, 2008:

There were 21 single family homes sale.

Average List Price: $559,747 Days on Market: 37

ACTIVE SHORT SALE LISTINGS IN VALENCIA NOVEMBER 24, 2008:

There were 92 single family homes sale.

Average List Price: $464,267 Days on Market: 120

ACTIVE BANK OWNED LISTINGS IN SAUGUS DECEMBER 13, 2008:

Currently there are 26 single family homes sale.

Average List Price: $391,819 Days on Market: 50

There are 24 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN SAUGUS DECEMBER 13, 2008:

Currently there are 74 single family homes sale.

Average List Price: $471,754 Days on Market: 116

26 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN SAUGUS NOVEMBER 24, 2008:

There were 27 single family homes sale.

Average List Price: $413,556 Days on Market: 54

ACTIVE SHORT SALE LISTINGS IN SAUGUS NOVEMBER 24, 2008:

There were 71 single family homes sale.

Average List Price $476,266 Days on Market: 104

ACTIVE BANK OWNED LISTINGS IN NEWHALL DECEMBER 13, 2008:

Currently there are 11 single family homes sale.

Average List Price: $399,718 Days on Market: 51

There are 10 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN NEWHALL DECEMBER 13, 2008:

Currently there are 44 single family homes sale.

Average List Price: $416,631 Days on Market: 135

9 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN NEWHALL NOVEMBER 24, 2008:

There were 10 single family homes sale.

Average List Price: $375,256 Days on Market: 70

ACTIVE SHORT SALE LISTINGS IN NEWHALL NOVMEBER 24, 2008:

There were 42 single family homes sale.

Average List Price: $418,202 Days on Market: 133

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 36 single family homes sale.

Average List Price: $311,000 Days on Market: 36

There are 74 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:

Currently there are 122 single family homes sale.

Average List Price: $387,227 Days on Market: 99

18 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY NOVEMBER 24, 2008:

There were 40 single family homes sale.

Average List Price: $330,826 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY NOVEMBER 24, 2008:

There were 121 single family homes sale.

Average List Price: $410,384 Days on Market: 126

ACTIVE BANK OWNED LISTINGS IN CASTAIC DECEMBER 13, 2008:

Currently there are 11 single family homes sale.

Average List Price: $514,663 Days on Market: 59

There are 74 properties in back up or pending status

ACTIVE SHORT SALE LISTINGS IN CASTAIC DECEMBER 13, 2008:

Currently there are 52 single family homes sale.

Average List Price: $385,565 Days on Market: 124

13 properties are in back up status or pending

ACTIVE BANK OWNED LISTINGS IN CASTAIC NOVEMBER 24, 2008:

There were 12 single family homes sale.

Average List Price: $419,266 Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC NOVEMBER 24, 2008:

There were 58 single family homes sale.

Average List Price: $390,992 Days on Market: 123

If you look closely at the statistics the areas where the REO's (bank Owned) are listed higher then the short sales they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia, and Castaic. A short sale listing that was unsuccessfully negotiatied by the listing agent will then go through the foreclosure process. That property then become an REO (bank Owned). The bank is empowered to set a higher market value in an attempt to reduce their losses. The period of time between the first missed payment and the final bank sale is called the pre-foreclosure phase. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase. You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

SANTA CLARITA SHORT SALES & BANK OWNED PROPERTIES NOVEMBER 24, 2008

Mon, 24 Nov 2008 13:24:11 -0800

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current home foreclosure information in the Santa Clarita. As of today's date Novemeber 24, 2008 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH:

Currently there are 6 single family homes sale.

Average List Price: $584,916 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH:

Currently there are 20 single family homes sale.

Average List Price: $513,244 Days on Market: 81

ACTIVE BANK OWNED LISTINGS IN VALENCIA:

Currently there are 21 single family homes sale.

Average List Price: $559,747 Days on Market: 37

ACTIVE SHORT SALE LISTINGS IN VALENCIA:

Currently there are 92 single family homes sale.

Average List Price: $464,267 Days on Market: 120

ACTIVE BANK OWNED LISTINGS IN SAUGUS:

Currently there are 27 single family homes sale.

Average List Price: $413,556 Days on Market: 54

ACTIVE SHORT SALE LISTINGS IN SAUGUS:

Currently there are 71 single family homes sale.

Average List Price: $476,266 Days on Market: 104

ACTIVE BANK OWNED LISTINGS IN NEWHALL:

Currently there are 10 single family homes sale.

Average List Price: $375,256 Days on Market: 70

ACTIVE SHORT SALE LISTINGS IN NEWHALL:

Currently there are 42 single family homes sale.

Average List Price: $418,202 Days on Market: 133

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY:

Currently there are 40 single family homes sale.

Average List Price: $330,826 Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY:

Currently there are 121 single family homes sale.

Average List Price: $410,384 Days on Market: 126

ACTIVE BANK OWNED LISTINGS IN CASTAIC:

Currently there are 12 single family homes sale.

Average List Price: $419,266 Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC:

Currently there are 58 single family homes sale.

Average List Price: $390,992 Days on Market: 123

If you look closely at the statistics the areas where the REO's (bank Owned) are listed higher then the short sales they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia, and Castaic. A short sale listing that was unsuccessfully negotiatied by the listing agent will then go through the foreclosure process. That property then become an REO (bank Owned). The bank is empowered to set a higher market value in an attempt to reduce their losses. The period of time between the first missed payment and the final bank sale is called the pre-foreclosure phase. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase. You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

Jennifer 's Blog

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