Santa Clarita Home For Sale | Saugus Listing

New Saugus Listing

Jennifer and I recently took a standard equity listing. This Listing is in the Saugus area of Santa Clarita.

Housing inventory is at an all time low, meaning demand for homes is outpacing the number of homes coming on the market for sale. If your thinking about selling or are relocating, give us a call, we can get your home sold in the least amount of time, with the least amount of negotiating in order to get to you the most amount for your property.

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Santa Clarita Short Sale Agents

Avoiding Foreclosure through a Short Sale has become the standard practice Realtors are using in today's real estate market. Jennifer and I started helping struggling homeowners in Santa Clarita in the end of 2006. After recoginizing the real estate bubble was going to break, we began to seek education in the default services industry to set us apart as Santa Clarita Short Sale Agents. We realized the sub-prime lending that had occured was going to create a downturn unlike any this country had seen before and that millions across America were going to loose thier homes to foreclosure.

In 2007 we attended the Short Sale Genius seminar, which provided education on the short pay/short sale process according to Lee Honish, former head loss mitigation supervisor for IndyMac Bank prior to its government takeover.

As Santa Clarita Short Sale Agents we were very succesfull helping our clients avoid foreclosure by implementing his treachings. As the market began to colapse and the government took drastic stimulis measures in a attempt to stop the free falling market, Alex Charfen created the the Distressed Property Institute and the CDPE designation. Jennifer and I obtained the CDPE designation from Alex personally in 2008. The course curriculum contained critical information Realtors need to verify valid hardship, avoid fraudlant scams and successfully negotiate short sales.

By then the government was scrambling to interviene to keep already struggling homeowners from being victimised again by fraudulant real estate scams. Making Homes Affordable was created and HAMP Home Affordable Modification Program was launched. MHA has progressed and offers homeowners viable options to avoid foreclosure. Jennifer and I recommend our Santa Clarita clients Speak With an Approved Housing Expert, to learn about options that are available to prevent a foreclosure.

In 2010 Jennifer and I obtained PartnerFirst's, Pre Foreclosure Specialist Certified designation, while at this training I had an opportunity to display my extensive experience, at which point the owners of the company hired me to become part of their training cadre. The company works hand in hand with Default Servicing entities. PartnerFirst's curriculum includes the Pre Foreclosure Specialist certification, HAFA certification and Fair Debt Collection Practices Act certification.

As you can see Jennifer and I believe in education, its instrumental in today'short sale market. We have made a committment to educate our clients, through education we help our clients get on the road to recovery. If you're on the fence about a short sale let us educate you. We have clients you can speak with, regarding our services and how we helped them avoid foreclosure with a short sale.

Jennifer & Gary Ricco Realtors Phone: 661-803-2093 E-mail: Jennifer@JenniferRicco.com RE/MAX of Santa Clarita 25101 The Old Road Santa Clarita, CA 91381 US Fax: 866-873-6403
DRE License # 01461940/01803395

  

Can the Hardest Hit Fund Program help you avoid foreclosure?

Are you qualified for assistance from the Hardest Hit Fund? 

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The treasury announced that the Hardest Hit Fund^® in 2010   has provided more than $7.6 billion in aid for homeowners in states hit hardest by this  housing crisis. State housing finance agencies have used this fund to develop programs in an effort to stabilize local housing markets and help homeowners avoid foreclosure.

 

The Hardest Hit Fund program compliments the Making Home Affordable Program, however it's not limited to homeowners eligible for Making Home Affordable.

 

Hardest Hit Fund programs are managed differently state to state, but may include:

• Mortgage payment assistance for unemployed or underemployed homeowners
• Principal reduction to help homeowners get into more affordable mortgages
• Funding to eliminate homeowners' second lien loans
• Help for homeowners who are transitioning out of their homes and into more affordable places of residence.

The following 18 states plus the District of Columbia are participating. If you live in one of these states or DC, contact your housing finance agency's program office:

Alabama Arizona California Florida Georgia Illinois Indiana Kentucky Michigan Mississippi

Nevada New Jersey North Carolina Ohio Oregon Rhode Island South Carolina Tennessee Washington D.C.

For more information, visit Treasury's Hardest Hit Fund page

 

Jennifer & Gary Ricco Realtors Phone: 661-803-2093 E-mail: Jennifer@JenniferRicco.com RE/MAX of Santa Clarita 25101 The Old Road Santa Clarita, CA 91381 US Fax: 866-873-6403
DRE License # 01461940/01803395

Short Sale and Foreclosure Education | Santa Clarita Real Estate Specialists

In this  segment of short sale and foreclosure education, we wanted to clarify the definitions associated with foreclosure. Anyone dealing with a foreclosure should review the slideshow and familiarize themselves with the workings of California's non judicial foreclosure proceedings. The slideshow will walk you through the foreclosure process and explain each step of this legal process.

                                                           

If you're considering a short sale, now is a good time to act. The amount of Santa Clarita homes for sale is at an all time low. With buyer interest peaking, our market is experiencing a shift from a buyers market to a sellers market. Nows the time take advantage of the Mortgage Debt Relief Act which is set to expire Dec 31, 2012.



                                                                         

Jennifer & Gary Ricco RE/MAX of Santa Clarita 25101 The Old Road Santa Clarita, CA 91381 US Phone: 661-803-2093 Fax: 866-873-6403 E-mail: Jennifer@JenniferRicco.com DRE License # 01461940/01803395

Loan Modification Denied - Short Sale to Avoid Foreclosure - Mortgage Debt Relief Act

 

             Short sale to avoid foreclosure after loan modification has been denied

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help millions of homeowners who, due to the housing crisis and economic crash, became upside down on their mortgages. The act helped homeowners, who completed a short sale, avoid paying tax ramifications on the shortage, which is considered taxable income.  

The Mortgage Debt Relief Act, however, was only intended to be a temporary solution, which is set to expire at the end of 2012. There is a bill in Congress that would extend it, but it is unclear if it will pass. For distressed homeowners, this means that time is limited to take advantage of this program.

According to the governments Making Homes Affordable HAMP (Home Affordable Modification Program) guidelines, homeowners who don’t qualify for or have failed to make payments during a trial modification can utilize a short sale as the next viable options to avoid the sting of foreclosure.

 

MHA’s, HAFA (Home Affordable Foreclosure Alternative) program is streamlining the short sale process. Currently short sales are being approved within 45 to 50 days. Many lenders have mimicked HAFA with their own internal streamlined short sale program for borrowers who don’t qualify for HAFA. We have even starting seeing traditional short sale approvals with cash for relocation assistance.

If you have been denied a loan modification and have been issued a Notice of Default or  a Notice of Trustee Sale, contact us ASAP. You time in running out. Jennifer and Gary Ricco at ReMax, Santa Clarita's real estate specialists have the ability to help you avoid foreclosure now.  

Jennifer & Gary Ricco Realtors Phone: 661-803-2093 E-mail: Jennifer@JenniferRicco.com RE/MAX of Santa Clarita 25101 The Old Road Santa Clarita, CA 91381 US Fax: 866-873-6403
DRE License # 01461940/01803395