Just announced the Southland Regional Association of REALTORS® is currently offering grants to qualified first-time homebuyers who are Public Safety Responders, have a low to moderate income-level, and purchase a home within the San Fernando or Santa Clarita Valley. The amount of each grant will be $4,000 and will only be paid to qualified applicants after the close of escrow. Repayment of grant is not required.
The following are considered as Public Saftey Responders per this grant:
•Police Officers
•Firefighters
•Emergency Medical Techincians
•Highway Patrol
If you would like further information about this grant please contact us, there is only a very limited amount of grants available don't wait!. If you would llike to search homes that are for sale in the Santa Clarita or San Fernando Valley's click on MY HOME SEARCH. Interest rates are at all time historically low levels now is a great time to consider buying your first home with this grant!
Jennifer & Gary Ricco CDPE, PSC
Keller Williams VIP Properties
25124 Springfield Court Suite 100 Valencia, Ca 91355
661.290.3837
'Quality Consulting Through Continuous Improvement'
www.SantaClaritaPreForeclosureSpecialists.com
Serving The Greater Los Angeles Area & Ventura County
License numbers 01461940, 01803395
Follow us on Facebook: Santa Clarita Pre Foreclosure Specialists Fan Page
~ Grants will be awarded to qualified applicants based on availability of funds and according to individual applicants need, as determined by the reviewing committee. Buyers must be advised that simply submitting an application does not guarantee an awarded grant.
Showing posts with label Santa Clarita First Time home Buyer. Show all posts
Showing posts with label Santa Clarita First Time home Buyer. Show all posts
Thursday, July 1, 2010
Friday, March 26, 2010
Great News for Santa Clarita First Time Home Buyers Ca Implements NEW First Time Home Buyer Tax Credit!
Here is great news for qualified Santa Clarita First Time Home Buyers! Yesterday March 25, 2010 Gov. Schwarzenegger signed Assembly Bill 183, the Home buyer Tax Credit legislation, into law. AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after Dec. 31, 2010, and before Aug. 1, 2011, pursuant to an enforceable contract executed on or before Dec. 31, 2010, will be able to take the allowed tax credit. The credit is equal to the lesser of 5 percent of the purchase price or $10,000, in equal installments over three consecutive years. Under AB 183, purchasers will be required to live in the home for at least two years or forfeit the credit (i.e., repay it to the state).
The positive impact of the federal home buyer tax credit is clear. Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to C.A.R. research conducted last year.
The state's previous home buyer tax credit program was so successful that it ran out of tax credits by the end of June 2009, eight months before it was set to expire and just as housing markets appeared to be turning a corner. Unlike last year's legislation, AB 183 adds a tax credit for the purchase of an existing home by a first-time home buyer.
Here is more money saving information for Santa Clarita First Time Home Buyers. I have posted this information in the past and feel it is very important to keep passing it on.
For Santa Clarita First Time Home buyers this is a very exciting time, you have just finished escrow and are all moved in. Now the mail starts coming and you notice letters that appear to be from government agencies telling you that you need someone to help you to file a Declaration of Homestead. Your asking yourself 1. what is a Declaration of Homestead? and 2. there are more fees? I thought I was done with all the fees associated with buying a house in escrow! I believe in education, the more you know the better you can make an informed decision.
So what is a Homestead and how does it work?
A Homestead helps to protect you from losing your house to people you owe money. If you are sued for money in court and lose, the person
who sued you will receive a judgment from the court. If you do not pay the judgment, they can try to collect the money you owe by garnishing
your wages or bank accounts, or by having your automobile or home sold to pay the debt. The Homestead law protects a certain amount of the
value of your home from being taken to pay the judgment. There are 2 kinds of Homestead Exemptions: one is automatic and the other is declared.
Automatic Homesteads
Every homeowner has an automatic Homestead Exemption of at least $50,000 for his or her residence. This protection does not require the signing or filing of any papers or documents. The amount of the Exemption increases to $75,000 if at least one member of the family unit
living in the house owns no interest in the house, as, for example, when a homeowner lives with his or her minor children. If a homeowner is
65 years or older, or is physically or mentally disabled, the amount of the Exemption is $125,000. The $125,000 Exemption also applies to
persons 55 years of age and older if the person is (1) single and has a gross annual income of not more than $15,000, or (2) married and the
individual and his/her spouse have a combined annual income of less than $20,000, and the sale is involuntary.
Declared Homestead Exemption
The homeowner can have a Declared Homestead Exemption as well as filing a Homestead Declaration form with the County Recorder in the
county where the house is located. It is important to note that the amount of the Exemption does not change or increase when a Homestead
Declaration is filed. A Declared Homestead offers extra protection in that it is not automatically lost when a homeowner moves. It will also protect proceeds of the sale exempted by the Homestead from creditors for six months after the house is sold, even if the homeowner voluntarily sold the house.
How Do I File A Declared Homestead?
It is easy to file a Declared Homestead by yourself. You do not need to pay someone to do it for you. Simply buy a Homestead Declaration form from an office supply store that carries legal forms. To fill out the form all you need is your name, the name of the co-owner, if any, and the legal description of the property, which can be found on your deed. Sign the form and have it notarized. Take or mail the form to the County Recorder's office along with the required recording fees. What A Homestead Does Not Do A Homestead does not protect against the forced sale of a house by a bank, savings and loan or other lender holding a mortgage Deed of Trust on the home, or against the enforcement of a valid mechanic's lien, or a judgment for child support or spousal support. Warning!
Homestead Filing Services
Many homeowners, especially those who have just purchased a home, receive mail from Homestead filing services. The letters often look like
they are a government office and lead you to believe that you must file a Declared Homestead. Don't be fooled. The law prohibits Homestead-
filing agencies from making false or misleading statements or presenting themselves as a government agency. The law also prohibits them from
charging more than $25 to file a Homestead Declaration or from collecting any fees until after they have recorded a Homestead Declaration.
Homestead content derived from Los Angeles County Department of Consumer Affairs website, as a homeowner verify all information.
License numbers 01461940, 01803395
The positive impact of the federal home buyer tax credit is clear. Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to C.A.R. research conducted last year.
The state's previous home buyer tax credit program was so successful that it ran out of tax credits by the end of June 2009, eight months before it was set to expire and just as housing markets appeared to be turning a corner. Unlike last year's legislation, AB 183 adds a tax credit for the purchase of an existing home by a first-time home buyer.
Here is more money saving information for Santa Clarita First Time Home Buyers. I have posted this information in the past and feel it is very important to keep passing it on.
For Santa Clarita First Time Home buyers this is a very exciting time, you have just finished escrow and are all moved in. Now the mail starts coming and you notice letters that appear to be from government agencies telling you that you need someone to help you to file a Declaration of Homestead. Your asking yourself 1. what is a Declaration of Homestead? and 2. there are more fees? I thought I was done with all the fees associated with buying a house in escrow! I believe in education, the more you know the better you can make an informed decision.
So what is a Homestead and how does it work?
A Homestead helps to protect you from losing your house to people you owe money. If you are sued for money in court and lose, the person
who sued you will receive a judgment from the court. If you do not pay the judgment, they can try to collect the money you owe by garnishing
your wages or bank accounts, or by having your automobile or home sold to pay the debt. The Homestead law protects a certain amount of the
value of your home from being taken to pay the judgment. There are 2 kinds of Homestead Exemptions: one is automatic and the other is declared.
Automatic Homesteads
Every homeowner has an automatic Homestead Exemption of at least $50,000 for his or her residence. This protection does not require the signing or filing of any papers or documents. The amount of the Exemption increases to $75,000 if at least one member of the family unit
living in the house owns no interest in the house, as, for example, when a homeowner lives with his or her minor children. If a homeowner is
65 years or older, or is physically or mentally disabled, the amount of the Exemption is $125,000. The $125,000 Exemption also applies to
persons 55 years of age and older if the person is (1) single and has a gross annual income of not more than $15,000, or (2) married and the
individual and his/her spouse have a combined annual income of less than $20,000, and the sale is involuntary.
Declared Homestead Exemption
The homeowner can have a Declared Homestead Exemption as well as filing a Homestead Declaration form with the County Recorder in the
county where the house is located. It is important to note that the amount of the Exemption does not change or increase when a Homestead
Declaration is filed. A Declared Homestead offers extra protection in that it is not automatically lost when a homeowner moves. It will also protect proceeds of the sale exempted by the Homestead from creditors for six months after the house is sold, even if the homeowner voluntarily sold the house.
How Do I File A Declared Homestead?
It is easy to file a Declared Homestead by yourself. You do not need to pay someone to do it for you. Simply buy a Homestead Declaration form from an office supply store that carries legal forms. To fill out the form all you need is your name, the name of the co-owner, if any, and the legal description of the property, which can be found on your deed. Sign the form and have it notarized. Take or mail the form to the County Recorder's office along with the required recording fees. What A Homestead Does Not Do A Homestead does not protect against the forced sale of a house by a bank, savings and loan or other lender holding a mortgage Deed of Trust on the home, or against the enforcement of a valid mechanic's lien, or a judgment for child support or spousal support. Warning!
Homestead Filing Services
Many homeowners, especially those who have just purchased a home, receive mail from Homestead filing services. The letters often look like
they are a government office and lead you to believe that you must file a Declared Homestead. Don't be fooled. The law prohibits Homestead-
filing agencies from making false or misleading statements or presenting themselves as a government agency. The law also prohibits them from
charging more than $25 to file a Homestead Declaration or from collecting any fees until after they have recorded a Homestead Declaration.
Homestead content derived from Los Angeles County Department of Consumer Affairs website, as a homeowner verify all information.
License numbers 01461940, 01803395
Friday, May 15, 2009
Important information for Santa Clarita First Time Home Buyers the will save you Money
For Santa Clarita first time home buyers it is a very exciting time, you have just finished escrow and are all moved in. Now the mail starts coming and you notice letters that appear to be from government agencies telling you that you need someone to help you to file a Declaration of Homestead. Your asking yourself 1. what is a Declaration of Homestead? and 2. there are more fees? I thought I was done with all the fees associated with buying a house in escrow! I believe in education, the more you know the better you can make an informed decision. So what is a Homestead and what does it Do?
A Homestead helps to protect you from losing your house to people you owe money. If you are sued for money in court and lose, the person who sued you will receive a judgment from the court. If you do not pay the judgment, they can try to collect the money you owe by garnishing
your wages or bank accounts, or by having your automobile or home sold to pay the debt. The Homestead law protects a certain amount of the value of your home from being taken to pay the judgment. There are 2 kinds of Homestead Exemptions: one is automatic and the other is declared.
Automatic Homesteads
Every homeowner has an automatic Homestead Exemption of at least $50,000 for his or her residence. This protection does not require the signing or filing of any papers or documents. The amount of the Exemption increases to $75,000 if at least one member of the family unit living in the house owns no interest in the house, as, for example, when a homeowner lives with his or her minor children. If a homeowner is 65 years or older, or is physically or mentally disabled, the amount of the Exemption is $125,000. The $125,000 Exemption also applies to persons 55 years of age and older if the person is (1) single and has a gross annual income of not more than $15,000, or (2) married and the individual and his/her spouse have a combined annual income of less than $20,000, and the sale is involuntary.
Declared Homestead Exemption
The homeowner can have a Declared Homestead Exemption as well as filing a Homestead Declaration form with the County Recorder in the county where the house is located. It is important to note that the amount of the Exemption does not change or increase when a Homestead Declaration is filed. A Declared Homestead offers extra protection in that it is not automatically lost when a homeowner moves. It will also protect proceeds of the sale exempted by the Homestead from creditors for six months after the house is sold, even if the homeowner voluntarily sold the house.
How Do I File A Declared Homestead?
It is easy to file a Declared Homestead by yourself. You do not need to pay someone to do it for you. Simply buy a Homestead Declaration form from an office supply store that carries legal forms. To fill out the form all you need is your name, the name of the co-owner, if any, and the legal description of the property, which can be found on your deed. Sign the form and have it notarized. Take or mail the form to the County Recorder’s office along with the required recording fees. What A Homestead Does Not Do A Homestead does not protect against the forced sale of a house by a bank, savings and loan or other lender holding a mortgage Deed of Trust on the home, or against the enforcement of a valid mechanic’s lien, or a judgment for child support or spousal support. Warning!
Homestead Filing Services
Many homeowners, especially those who have just purchased a home, receive mail from Homestead filing services. The letters often look like they are a government office and lead you to believe that you must file a Declared Homestead. Don’t be fooled. The law prohibits Homestead- filing agencies from making false or misleading statements or presenting themselves as a government agency. The law also prohibits them from charging more than $25 to file a Homestead Declaration or from collecting any fees until after they have recorded a Homestead Declaration.
Content derived from Los Angeles County Department of Consumer Affairs website, as a homeowner verify all information.
Wednesday, May 13, 2009
Great News From HUD Today for Santa Clarita First Time Home Buyers There is a New Way To use Your Tax Credit
Many qualified new home buyers today are struggling to come up with a down payment to purchase in today's market today. There is great news fresh off the presses that helps FHA buyers. Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.
Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy. Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table. Again, this only applies to new home buyers, make sure to consult your tax adviser about this new change before you proceed with your purchase. If you would like to search for properties for sale in Santa Clarita go to your Santa Clarita First Time Home Buyers search. Just click on the buyers link to get your free no obligation Santa Clarita home search started.
Tuesday, April 7, 2009
First Time Home Buyer Grants For Families Who Would Like To Purchase In The Santa Clarita Or San Fernando Valley
As a member of the Southland Regional Association of Realtors I am always looking for ways to educate potential home buyers on the latest programs. Here is Grant to help first time home buyers that serves our local communities. This grant currently provides a home ownership grant to low and moderate-income individuals and families who purchase a home in the San Fernando and Santa Clarita Valley. The amount of the grant will be $4,000. Here is how the Grant works:
The funds are paid after the close of escrow and there are no repayment requirements.
The Southland Association of Realtors staff will administer the applications.
The grants will be awarded to the most deserving candidates.
Each candidate would receive $2,000 from the SRAR Foundation, and a further $2,000 from the
C.A.R. Housing Affordability Fund.
NOTE: THERE IS A LIMITED NUMBER OF GRANTS. GRANTS WILL BE AWARDED TO
QUALIFIED APPLICANTS BASED ON AVAILABILITY OF FUNDS AND ACCORDING TO
INDIVIDUAL APPLICANT NEED. BUYERS NEED TO BE AWARE THAT THERE IS NO
GUARANTEE THAT AN APPLICATION WILL RESULT IN A GRANT.
Here are the requirements to qualify:
1. You must be a first time home buyer.
2. Your combined family income level must be at $120,000 or less per year.
3. You must attend the Los Angeles Neighborhood Housing Services class.
4. The home must be located in the San Fernando or Santa Clarita Valley.
5. Buyer's REALTOR must be a full Southland Association of Realtors member.
6. Must receive additional assistance programs.
To receive the funds you will need:
1. A photocopy of your ID (BUYER).
2. A copy of your final closing statement. You will receive this from the Escrow Company a few days
after your transaction.
3. Page 8 of the contract showing buyer's agent.
4. Your class certification.
5. Details of loan programs AND assistance programs that you attained. Please include loan addendum
that indicates low or moderate income program funding.
6. First Time Home Buyers verification (Lender/CPA/W2's etc.).
Once you have assembled this information, it must be submitted to:
It may take a month or longer to receive the funds after all the paperwork has been submitted.
My husband Gary and I have taken the time to learn about this current real estate market. We specialize in distressed properties whether your buying or selling, we are Certified Distressed Property Experts, CDPE. By dealing with agents who have earned the CDPE designation, home buyers ensure that they are working with real estate professionals that are equipped to handle their specific needs.
You as a first time home buyer have a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. Now is a great time to buy with the right long term strategy and obtain a great interest rate which are at an all time low. As a first time home buyer let us help you find the home of your dreams. To learn about the First time Home buyer Tax Credit go to Gary's blog: http://activerain.com/blogsview/1004242/Is-Now-The-right-Time-To-Buy-If-Your-A-First-Time-Homebuyer
You need a team of experienced professionals guiding you through purchase of your dream home. We work both the Santa Clarita and San Fernando Valley's. If you would to learn more about us and the services we provide go to http://www.santaclaritafirsttimehomebuyers.com/ . If you would like to search the MLS and get daily updates on properties available in the Santa Clarita or San Fernando Valley go to: http://santaclaritavalleyhomesforsale.listingbook.com/
Your search can include Santa Clarita Valley short sales (pre foreclosures), bank owned properties (REO's) and regular listings.
The funds are paid after the close of escrow and there are no repayment requirements.
The Southland Association of Realtors staff will administer the applications.
The grants will be awarded to the most deserving candidates.
Each candidate would receive $2,000 from the SRAR Foundation, and a further $2,000 from the
C.A.R. Housing Affordability Fund.
NOTE: THERE IS A LIMITED NUMBER OF GRANTS. GRANTS WILL BE AWARDED TO
QUALIFIED APPLICANTS BASED ON AVAILABILITY OF FUNDS AND ACCORDING TO
INDIVIDUAL APPLICANT NEED. BUYERS NEED TO BE AWARE THAT THERE IS NO
GUARANTEE THAT AN APPLICATION WILL RESULT IN A GRANT.
Here are the requirements to qualify:
1. You must be a first time home buyer.
2. Your combined family income level must be at $120,000 or less per year.
3. You must attend the Los Angeles Neighborhood Housing Services class.
4. The home must be located in the San Fernando or Santa Clarita Valley.
5. Buyer's REALTOR must be a full Southland Association of Realtors member.
6. Must receive additional assistance programs.
To receive the funds you will need:
1. A photocopy of your ID (BUYER).
2. A copy of your final closing statement. You will receive this from the Escrow Company a few days
after your transaction.
3. Page 8 of the contract showing buyer's agent.
4. Your class certification.
5. Details of loan programs AND assistance programs that you attained. Please include loan addendum
that indicates low or moderate income program funding.
6. First Time Home Buyers verification (Lender/CPA/W2's etc.).
Once you have assembled this information, it must be submitted to:
It may take a month or longer to receive the funds after all the paperwork has been submitted.
My husband Gary and I have taken the time to learn about this current real estate market. We specialize in distressed properties whether your buying or selling, we are Certified Distressed Property Experts, CDPE. By dealing with agents who have earned the CDPE designation, home buyers ensure that they are working with real estate professionals that are equipped to handle their specific needs.
You as a first time home buyer have a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. Now is a great time to buy with the right long term strategy and obtain a great interest rate which are at an all time low. As a first time home buyer let us help you find the home of your dreams. To learn about the First time Home buyer Tax Credit go to Gary's blog: http://activerain.com/blogsview/1004242/Is-Now-The-right-Time-To-Buy-If-Your-A-First-Time-Homebuyer
You need a team of experienced professionals guiding you through purchase of your dream home. We work both the Santa Clarita and San Fernando Valley's. If you would to learn more about us and the services we provide go to http://www.santaclaritafirsttimehomebuyers.com/ . If you would like to search the MLS and get daily updates on properties available in the Santa Clarita or San Fernando Valley go to: http://santaclaritavalleyhomesforsale.listingbook.com/
Your search can include Santa Clarita Valley short sales (pre foreclosures), bank owned properties (REO's) and regular listings.
Santa Clarita First Time Home Buyers Who Loose Their Jobs Due To Layoffs May Be Eligible To Receive $1500 A Month
Here's another great program that the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) launched. The C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP), for first-time home buyers.Through the Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.'s Housing Affordability Fund is dedicating $1 million toward its Mortgage Protection Program, and estimates that as many as 3,000 families will benefit from the program this year.To qualify for the Mortgage Protection Program, applicants must:
· Be a first-time home buyer - someone who has not owned a home in three
or more years
· Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
· Use a California REALTOR® in the transaction
· Purchase the property in California
· Be a W-2 employee (cannot be self-employed)
To apply for the program, home buyers must request an application for the H.A.F. Mortgage Protection Program from Jennifer and Gary Ricco REALTORS® Keller Williams VIP Properties @ 661.290.3837.
My husband Gary and I have taken the time to learn about this current real estate market. We specialize in distressed properties whether your buying or selling, we are Certified Distressed Property Experts, CDPE. By dealing with agents who have earned the CDPE designation, you as a Santa Clarita first time home buyer ensure that you are working with real estate professionals that are equipped to handle your specific needs.
As a Santa Clarita first time home buyer, you have a window of opportunity to negotiate a price which could be up to 20% below Fair Market Value. Now is a great time to buy with the right long term strategy and obtain a great interest rate which are at an all time low. As a first time home buyer let us help you find the home of your dreams. To learn about the First time Home buyer Tax Credit go to Gary's blog: http://activerain.com/blogsview/1004242/Is-Now-The-right-Time-To-Buy-If-Your-A-First-Time-Homebuyer
You need a team of experienced professionals guiding you through the purchase of your dream home. We work the Santa Clarita Valley, the San Fernando Valley, Palmdale, and Ventura County. If you would to learn more about us and the services we provide go to http://www.santaclaritafirsttimehomebuyers.com/ give us a call at 661.290.3837.
If you would like to search the MLS and get daily updates on properties available in the Santa Clarita or San Fernando Valley go to: http://santaclaritavalleyhomesforsale.listingbook.com/ . Your search can include Santa Clarita Valley short sales (pre foreclosures), bank owned properties (REO's) and regular listings.
Subscribe to:
Posts (Atom)