http://www.santaclaritarealestatenews.com Santa Clarita Real Estate and home sales information, MLS Listings, Santa Clarita real estate news Fri, 06 Jun 2008 04:38:46 +0000 http://backend.userland.com/rss092 en Foreclosures jump 57 percent in last 12 months and it's not over yet. In numbers calculated from realtytrac, one out of every 558 single family households in the US experienced some form of foreclosure filing in March. Between March 2007 and March 2008 there has been an increase of 129% for foreclosure ... http://www.santaclaritarealestatenews.com/index.php/archive/foreclosures/ Consequences for 'Walk-Away' Borrowers Thinking about walking away, think again! The government and the lending industry are taking aim at "walk-away" home owners who stop making payments and months later send the house keys back to their lender. Such borrowers will not be able to get another mortgage through Fannie Mae for five ... http://www.santaclaritarealestatenews.com/index.php/archive/consequences-for-walk-away-borrowers/ The Los Angeles City council had a split decision this week whether to let Las Lomas Land continue with the application process. At the advice of an attorney, the council voted 10-5 to stop Las Lomas from pursuing plans to build it's mini City in the foothills of the Newhall pass area ... http://www.santaclaritarealestatenews.com/index.php/archive/city-of-los-angeles-nixes-las-lomas/ The FHA Mortgage Limits Maximum is now $729,750 On Wednesday, the government raised the mortgage loan limits in several high-cost California counties for home loans guaranteed by the Federal Housing Administration. 14 counties in California will be included and they are: Alameda Contra Costa Los Angeles Marin Monterey Napa Orange San Benito San Francisco San Mateo Santa Barbara Santa Clara Santa Cruz Ventura http://www.santaclaritarealestatenews.com/index.php/archive/fha-loan-limits-raised/ Alexis Block a student at Meadows Elementary School will represent his school and all of Santa Clarita at the L.A. County competition this spring. A first for Meadows Elementary - a Valencia school acknowledged with the Blue Ribbon and California Distinguished School awards - will be competing at a regional spelling ... http://www.santaclaritarealestatenews.com/index.php/archive/meadows-elementary-school/ Fed Chairman Ben Bernanke The current real estate mortgage meltdown - fed by the american dream to own a home, unscrupulous lenders selling loans with many buyers not fully understanding or having the mortgage loan terms explained to them.  Mortgage rates resetting, option ARMs, paid too much for the home and now ... http://www.santaclaritarealestatenews.com/index.php/archive/bernanke-speaks/ Since Feb. 22, Santa Clarita deputies have been involved in three separate shootings in the SCV. On Feb. 22, deputies fired upon a vehicle as a suspect fled the scene of a fight in a Canyon Country parking lot. Six days later, deputies fired at one of three vandalism suspects, ... http://www.santaclaritarealestatenews.com/index.php/archive/scv-sheriff-shoot-dog/ Everyone Wants Castaic Be careful what you wish for Castaic ... you may get it. A localized movement within Castaic has sprouted up again over the last couple of years in that approximately 1,500 homeowners want to become part of the City of Santa Clarita. Of course the city will welcome this ... http://www.santaclaritarealestatenews.com/index.php/archive/227/ Los Angeles County planners will scrutinize the land application form submitted by Las Lomas Land LLC, after a discrepancy was found in the document. The Director of Planning for the county, Bruce McClendon, is quoted from The Signal Wednesday that "he's taken his probe into the Las Lomas land application to ... http://www.santaclaritarealestatenews.com/index.php/archive/las-lomas-land-application/ Question and Answer: I sold a house recently and I am somewhat puzzled over the buyer's inspection report and request for repairs. I was never provided a home inspection report A list of repairs came from the buyer. I replaced and fixed what I could At the buyers final walk thru, the ... http://www.santaclaritarealestatenews.com/index.php/archive/home-sellers-questions/