California Real Estate

Ocwen Introduces Shared Appreciation Modification Program – SAM

July 28, 2011

In an effort to keep homeowners current, and give them some skin in the game, so-to-speak, Ocwen has just introduced their principal reduction program that they call SAM, short for Shared Appreciation Modification program. This program will aim to reduce upside down homeowners’ mortgage principal balance to 95% of market value, and in return the [...]

Read the full article →

Santa Clarita, it’s time to make sure Carbon Monoxide Detectors are installed

July 25, 2011

Most of you have heard by now, that almost everyone needs to install a Carbon Monoxide detector, or two, or three, into their Santa Clarita home. The new California legislation went into effect July 1, 2011, for single family homes. More specifically, if your single family home has any gas appliances (fossil fuel burning as [...]

Read the full article →

SB 458 is now law, you can short sale Santa Clarita home without deficiency judgment

July 15, 2011

Great news for Santa Clarita homeowners who are upside down on their mortgage(s). Governor Jerry Brown just signed into law SB 458, which extends the protections of SB 931 from 2010, yet goes a few steps further. Previously, if you wanted to perform a short sale on your Santa Clarita home, you were only guaranteed [...]

Read the full article →

Closing Costs For A Homebuyer

January 14, 2011

Thinking about buying a home? Curious about what closing costs a homebuyer has to pay for? Below is a list of customary closing costs that a homebuyer would typically pay for. Just about everything in a real estate contract is negotiable however. Despite that, the closing costs such as a buyers home inspection, or loan [...]

Read the full article →

Closing Costs For A Seller

January 12, 2011

You may be wondering, what closing costs does a homeowner have to pay for, once they sell their home. The answer is, it depends. Some closing costs are customary with respect to who pays for it, and some aren’t. Almost everything is negotiable with regards to closing costs, for both the buyer, and the seller. [...]

Read the full article →

New 2011 California Laws And Their Impact On Santa Clarita

December 27, 2010

Several new California laws will go into effect on January 1, 2011, and some of them will affect the local Santa Clarita real estate market, as well as certain practices. New laws going into effect January 1, 2011: Senate Bill 931 (effective Jan 1, 2011): No Short Sale Deficiencies: A seller’s first trust deed lender [...]

Read the full article →

Santa Clarita First-Time Homebuyer Affordability

November 18, 2010

Taking a look at how affordable homes are in the Santa Clarita Valley to first-time homebuyers, all we have to do is look at the most recent California Association of Realtors First-Time Buyers Housing Affordability Index. The report came out on Monday, and showed that quarter over quarter, and year over year, affordability amongst first-time [...]

Read the full article →

Santa Clarita Homebuyers: Application Deadline For California Tax Credit Expired

August 16, 2010

The Franchise Tax Board in California set the deadline to fax in your application for the first-time homebuyer tax credit, to August 15, 2010. They enough applications already, to surpass the $100 million dollar cap, allocated for the up-to $10,000 tax credit, for first-time homebuyers in California. Listen in as Brian discusses the tax credit and [...]

Read the full article →

Is Your Santa Clarita Realtor Using The New Residential Purchase Agreement For Your Home Purchase?

May 4, 2010

The lawyers and powers that be at the California Association of Realtors rolled out a new Residential Purchase Agreement (RPA) a few weeks ago. If you're buying a home, your Realtor should have you sign the new RPA, which reflects a revision date of April 2010 (it will look like 4/10 on the purchase agreement). [...]

Read the full article →

State Tax Relief On It’s Way For Santa Clarita Short Sellers

April 9, 2010

The California Legislature passed a bill, now on it's way for Gov. Schwarzenegger to sign, that will provide state tax relief to many Santa Clarita homeowners who performed a short sale on their home, selling it for a loss, and below what they owned on their mortgage. It will certainly help those who are contemplating performing [...]

Related Posts Plugin for WordPress, Blogger...
Read the full article →

← Previous Entries