Santa Clarita Valley Real Estate

For mortgages, 620 is the new magic number Near historic low mortgage rates, favorable home prices, and the federal tax credit for first-time home buyers have contributed to home purchases in the past year. However, the onset of the credit crisis, new regulations for home appraisals, and more stringent guidelines for purchases and refinances have resulted in confusion for some potential home buyers. While using a mortgage broker to find the best loan may work for some buyers, it may not always be the best route. In the past, mortgage brokers could “shop” a loan to multiple lenders to help find the best deal. However, new practices and procedures under the Home Valuation Code of Conduct (HVCC) have hampered mortgage brokers’ abilities, namely that lenders may no longer accept home appraisals commissioned by brokers. As a result, consumers may have to pay for new appraisals with each lender, which costs time and money. However, consumers who are very busy or need guidance may fin

The latest bank owned properties available for sale. For more information, or to view them please contact me asap. Sincerely, David Hoshaw Broker, CRS, GRI, e-PRO Weichert, Realtors - Hoshaw & Associates 28009 Smyth Drive Santa Clarita, CA 91355 661-287-4466 ext. 226 david@scvRealty.com www.scvRealty.com Address: 22817 22819 14TH STREET, SANTA CLARITA, CA Rooms: 8 Bed: 3 Bath: 2.0 Price: 179,900.00 Address: 20940 JUDAH LANE 17, SANTA CLARITA, CA Rooms: 6 Bed: 3 Bath: 3.0 Price: 199,900.00 Address: 25235 WHEELER ROAD, SANTA CLARITA, CA Rooms: 7 Bed: 3 Bath: 2.0 Price: 326,900.00 Address: 13040 DRONFIELD AVE APT 5, SYLMAR, CA Rooms: 3 Bed: 2 Bath: 1.0 Price: 68,900.00 Address: 14425 FOOTHILL BLVD UNIT 9, SYLMAR, CA Rooms: 5 Bed: 2 Bath: 2.0 Price: 135,900.00 Address: 15122 ROXFORD STREET UNIT 4, SYLMAR, CA Rooms: 6 Bed: 3 Bath: 3.0 Price: 222,900.00 Address: 13265 RAVEN S

Weichert, Realtors - Hoshaw & Associates Freddie Mac Selling Agent Select Property Report As a Selling agent Select agent for Freddie Mac we can help you negotiate the best possible purchase price for these homes. Don’t see your future home on this week’s list? Just let us know where you want to live and we will help you find and get settled into your next home. Contact me directly or your Weichert, Realtor with any questions 661-287-4466 x 226 or david@scvrealty.com Ask about the special promotions available to buyers of these homes. Address: 22817 22819 14TH STREET, SANTA CLARITA, CA Rooms: 8 Bed: 3 Bath: 2.0 Price: 213,900.00 Address: 13040 DRONFIELD AVE APT 5, SYLMAR, CA Rooms: 3 Bed: 2 Bath: 1.0 Price: 92,900.00 Address: 13100 BROMONT AVE UNIT 13, SYLMAR, CA Rooms: 4 Bed: 2 Bath: 0.0 Price: 105,900.00 Address: 12918 N FOUR PALMS LANE, SYLMAR, CA Rooms: 5 Bed: 3 Bath: 3.0 Price: 251,900.00 Address: 13265 RAVEN STREET, SYLMAR, CA Rooms: 7 Bed: 3 Bath: 2.0 Price: 289,900.00 Addre

Last month Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived. The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ahead of analysts' expectations. Lawrence Yun, NAR chief economist, said buyers have responded to favorable market conditions. "Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market," he said. "Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers." Santa Clarita Home Value Santa Clarita CA Real Estate Agent | Santa Clarita CA Homes for Sale Weichert, Realtors - Hoshaw & Associates David Hoshaw, Broker, CRS, GRI, e-P

Current mortgage rates and changes in loan underwriting standards have led some borrowers to make mistakes when applying for a mortgage loan. One old adage that many borrowers fall into is not paying up-front points. In previous real estate cycles, paying one percentage point was equivalent to shaving off approximately a quarter of a percentage point of interest. In today’s market, one percentage point can lower the interest rate by as much as 1 percent, changing a 6 percent interest rate into one that is 5 percent. Another common mistake some borrowers make is not locking in an interest rate, especially when the rates are at historic lows, as they are currently. Many borrowers believe that if a favorable rate is available this week, a lower one will likely be offered next week. Mortgage experts advise clients to lock in a rate if the numbers work and not try to wait for a better rate that may not come. For details on financing and real estate deals in Los Angeles County, contact

Buyers and Investors: The Real estate market has changed and the opportunity factor to own your home has been enhanced recently with a large amount of available REO Homes, pre-foreclosure homes, low interest rates, lower home prices, 3% down programs, government programs, first time home buyers benefits, tax advantages, and investment opportunities. Real estate has always been one of the best and safest investments available and the best time to buy is always when the prices are at or near the bottom. Call or email our office for more details on how you can get into a good opportunity! Current Homeowners: Do you need to get out from under your over encumbered property? We can facilitate and negotiate a loan modification with your current lender if you qualify. Sellers: If you need to sell we can arrange to have your property sold with no selling costs to you, or loan balances owed to the lender(s). Our experience with short sales will create the best possible outcome for you, and pr