How to Avoid Public Foreclosure
A Homeowner’s Guide to eliminate Mortgage Debt and Rescue Your Credit Rating Through Program HR3648. To receive a free information guide at no obligation please feel free to contact us at Socalreoprops@gmail.com
Many people may be considering a “short sale” on their primary residence due to the value of the home falling below the amount they owe on their loan. Questions on the proceedure far exceed answers, but tha California Association of Realtors has stepped up to help by providing an excellent on line resource which can be found at shortsalecalifornia.org. Check it out then call us…we’ll help.
FHA is increasing the MIP fee from .9 to 1.5., What that means is that it will increase your loan payment. i.e. if you have a loan of 400K your payment would be about $80.00 more a month. This will apply to new FHA case #’s only, if you are thinking of purchasing a home you should be in escrow by April 18,2011.
Sunday May 22, 2011. The “8 Day Rolling Festival” will begin the final stage of the professional bicycle tour from the center of Valencia. In its 6th year, the Tour of California attracts the international elite as a prep ride to the Tour de France. Come out & enjoy the fun! More info http://arts.santa-clarita.com/index.aspx?page=45
Santa Clarita is consistently ranked among the top five fastest growing cities in Southern California and among the country’s safest cities. According to FBI statistics, the City of Santa Clarita is ranked 2nd safest in the country among cities with a population of more than 150. http:user.govoutreach.com/santaclarita/faq.php?cid=6879
Schools in the Santa Clarita Valley rank among the top 10% in California. The City of Santa Clarita includes the communities of Canyon Country, Newhall, Saugus and Valencia. According to latest census reports, the City of Santa Clarita’s current population is approximately 178,000, making it the 4th largest City in the Los Angeles County.
You’ve heard about it, but what exactly is it? It can be defined as “distressed homes” where the owners are at least 90 days late on their payments, homes currently in foreclosure, and homes that are owned by the bank. The volume in terms of “principle balance outstanding” on those loans is estimated at $450,000,000,000. Yes…BILLION!
HOUSE HUNTING TIP: You are in a much stronger position negotiating with a seller if you have a preapproval letter stating that you are qualified for the mortgage you will need to close the sale. It could be essential if you are in a multiple-offer competition. A prequalification letter may suffice in an area where there is a surplus of inventory of unsold homes.
The Federal Housing Administration (FHA) was established in 1934 to advance opportunities for Americans to own homes. By providing private lenders with mortgage insurance, the FHA gives them the security they need to first-time buyers who might not be able to qualify for conventional loans. The FHA has helped 26 million Americans buy a home.
We firmly believe that high levels of integrity, experience, and personal attention to detail, can and will made a difference in the effectiveness and ultimately the success of every buying and selling experience
