Dec

29

Bush signs mortgage debt forgiveness law

December 29, 2007 | 2 Comments

It’s official, President Bush signed into law today a new measure giving tax breaks to homeowners who have mortgage debt forgiven.  Under preexisting law, the debt forgiven by a lender, such as for short sales and refinances, was generally taxable to the borrower as debt discharge income.  With the passage of the Mortgage Forgiveness Debt […]

Dec

28

“San Fernando Road” name change or not?

December 28, 2007 | Leave a Comment

“San Fernando Road” name change or not? As part of the city of Santa Clarita’s plan to revitalize downtown Newhall.
Two public hearings are scheduled for next month to find out what residents think of the proposal.
The proposal calls for extending Bouquet Canyon Road to 11th Street and also extending Newhall Avenue to Highway 14, eliminating […]

Dec

19

Water Saving Project for Santa Clarita

December 19, 2007 | Leave a Comment

In the wake of a court ruling this summer that limited pumping water from the Sacramento Delta to protect the delta smelt, all of Southern California is facing the need to conserve water.
The smelt is a small fish that is an indicator of the viability of the delta. Its numbers are down, which could be […]

Dec

17

Court Strikes Down Bond Requirement For Home Equity Sales Contract

December 17, 2007 | Leave a Comment

Court Strikes Down Bond Requirement For Home Equity Sales Contract
The bond requirement for buyers’ agent under the home equity sales contract law is unconstitutionally vague and unenforceable.  That was the decision of a recent appellate case Schweitzer v. Westminster Investments, 2007 WL 4340853 (filed December 13, 2007).
This case involved a homeowner who sued to reclaim […]

Dec

4

Los Lomas off the Calendar

December 4, 2007 | 3 Comments

Las Lomas project taken off calendar for environmental review.
Commission Cancels Development Hearing. The public hearing about a proposed land development by the Las Lomas Land Co., LLC has been cancelled.
With no timeline on when it will be back on the table, the public heaing is off the books for now pending the completion of an […]

Dec

4

Winter Shelter

December 4, 2007 | Leave a Comment

Shelter Opening Expected for Wednesday
The Shelter will open 13 beds Wednesday night with a full opening by the weekend.
For more information about the Emergency Winter Shelter visit www.santaclaritashelter.com.

Dec

4

The Lights Are On

December 4, 2007 | Leave a Comment

The roar of the crowd had enough energy to illuminate the thousands of lights on the large community tree on the lawn of the Henry Mayo Newhall Memorial Hospital on Sunday.
22nd annual lighting of the community tree, which stands 40 feet tall. Organized by the boards of directors for Henry Mayo and Henry Mayo Newhall […]

Nov

21

Single Family Housing Starts Decline 7.3 Percent

November 21, 2007 | Leave a Comment

Single Family Housing Starts Decline 7.3 Percent
Single-family home construction starts in October fell 7.3 percent to 884,000 units compared with 954,000 units in September, according to the latest data from the U.S. Dept. of Housing and Urban Development.  Single-family units authorized by permits in October were at 807,000, an 8 percent slide from September at […]

Nov

16

Foreclosure Market Report

November 16, 2007 | 1 Comment

California Cities At Top Of Foreclosure List
Is your city listed?
The Foreclosure Market report has released a list of the highest foreclosure rates in the country.
The cities of Riverside, Stockton, Sacramento, Bakersfield, and Oakland have some of the highest foreclosure rates in the country, according to RealtyTrac(R)’s Q3 2007 Metropolitan Foreclosure Market Report.  Stockton leads the […]

Nov

12

Hart Marching Band Wins

November 12, 2007 | Leave a Comment

The students who are part of Hart High School Regiment Marching Band and Pageantry walked away from the WBA Competition at Riverside Community College with a first place win in the overall competition and in their division.
Before you think of congratulating the team with their first win of the season and thanking them for their […]

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