short sale: What a buyer needs to know about changes in securing financing!
- 01/25/10 05:52 PM
The real estate market has heated up! Buyers looking to take advantage of the tax credit are out searching for a home earlier this year as the traditional buying season usually begins around late Winter and early Spring. Waiting could too long could cost a buyer not only money but prevent them from being to buy a home at all. The FHA will soon be tightening up their qualifications to get a loan as well as increase the cost of the financing! There is good news though! It appears that the low 3.5% down payment will remain but the seller will … (0 comments)
short sale: What you need to know when buying or selling a home by Short Sale!
- 01/11/10 06:04 PM
Attention buyers, sellers & Realtors, A Short Sale occurs when a home owner is unable to sell their home, pay the closing costs and have enough money at the close of escrow to pay off their mortgage. Thus the meaning of "short" as they are short of the money needed to sell the home in a traditonal manner. Under specific circumstances the Mortgage Company or Lender will allow the seller to sell the home and obsorb the difference between the net from the sale and allow the seller out of their loan. One of the primary conditions is that the seller must … (0 comments)
short sale: Home Owners and Banks are working together to avoid foreclosing, you can help too!
- 12/21/09 05:04 PM
The "shadow inventory" of homes that are due to be foreclosed upon may dissipate quickly as home owners, lending institutions, investors and banks are now working together to unload homes without having to foreclose. Home Owners are now encouraged to attempt to modify their loans or show a hardship that has put them in financial stress. Lenders are joining in to Short Sale homes rather than foreclose. This benefits the Lender by allowing them to sell quicker and reinvest right away. Sellers are able to avoid the permanent stain of a foreclosure on their record and may be able to buy a home … (0 comments)
short sale: Santa Clarita Valley Buyers and Sellers "Jumping through hoops!"
- 07/08/09 10:13 AM
Buyers and Sellers are both discouraged for opposite reasons. Buyers that have jumped into the real estate market are finding low inventories and having to compete for well priced homes. Sellers are finding out that in order to sell they must price their home competitively with foreclosure, Short Sales and REO listings. The biggest drawback for both buyers and sellers is that once a price is agreed upon it is nearly impossible to get the appraised value. My Suggestions: Be dedicated and committed to your success. Not buying could lead to missing out on current pricing or having to pay a … (0 comments)
short sale: Should I Short Sale or allow my home to become another Foreclosure?
- 03/16/09 04:39 AM
Should I Short Sale or allow my home to become another Foreclosure? Of course the best thing you can do is keep your home! However home owners in America today may not have that option. The biggest benefit of a Short Sale is that your credit may be back to normal within 24 months where a foreclosure will hurt your credit for 7 years and perhaps longer. The most important factors for selling via Short Sale are: Seller's commitment to the process and willingness to assist with the success of the process. Lender's Approval to allow the sale despite not being … (0 comments)
Real Estate in my opinion. The idea of this blog is to communicate the current state of real estate and home sales and listing information as it relates to residents of Valencia, Stevenson Ranch, Saugus, Castaic, Newhall, Canyon Country, the Santa Clarita Valley and Santa Clarita, California. This information will help people in Los Angeles, Los Angeles County and the state of California to see how homes and real estate is progressing in one of Southern California's premier communities!
The real estate market has heated up! Buyers looking to take advantage of the tax credit are out searching for a home earlier this year as the traditional buying season usually begins around late Winter and early Spring. 
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