Tricia LaMotte's Blog

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Real Estate Agent - 661-212-2896 eXp Realty of California, Inc. - DRE # 00826786
I am working with some wonderful buyers - they are super well qualified for a conventional loan, great credit, first time buyers up to $550,000, willing to be flexible while they wait for a short sale. Sounds like a good situation in this market of half the homes listed are short sales. But wait....
If you have ever considered owning a beautiful Valencia Westridge Home in the Santa Clarita Valley , this is a good time to consider one. The mortgage rates are at a historic low, and of the 29 homes currently on the market, 18 are standard sales, 9 are short sales, and 2 are bank owned properti...
Net Neutrality - this is an important bit of information for us as small business owners to be aware of. Via Ruthmarie Hicks (Keller Williams Realty): I know, I know, this sounds about as interesting  as watching paint dry.  it’s kind of like having fire insurance.  The top BOOOORRRRRRING – until...
It has been common knowledge among those that deal with short sales and loan modifications that a very small number of successful loan modifications have actually occurred. Now a FNMA insider, a former vice president, is accusing FNMA of mishandling the oversight of HAMP, the Home Affordable Modi...
It's been over 4 months since the HAFA (Home Affordable Foreclosure Alternative) program came into "full swing". So, you would think that some of these HAFA short sales would have closed escrow by now according to the time period. (more about these time lines in another post) However, in checking...
Okay, so I know I'm tired - been doing a lot of short sales, and working really hard to help homeowners that have been through a hardship. But I have a bit of a rant today.... I have a Santa Clarita buyer that has been waiting for quite a while to purchase a short sale in Santa Clarita from anoth...
Market Update Housing activity continues to remain above year-ago levels despite some setbacks resulting from the now-expired tax credit. Improved stability in home prices with similar levels of distressed properties seen last year offers a hopeful sign the market is holding its ground. However, ...
Santa Clarita CA home buyers be aware that FHA monthly loan payments could be going up! By purchasing now you will avoid the increase. There are 2 bills passing through Congress that give FHA Commissioner David Stevens the ability to decrease the Upfront Mortgage Premium from the current 2.25% to...
Valencia, CA vs. Santa Clarita, CA??? They're both great!!Okay, so, yes this is the city of Santa Clarita. But, it's still  Valencia! In the past month, I've a few discussion with various friends about living in Valencia. Now, please understand...these were all lighthearted...but each friend said...
Good news for all first time buyers that have been waiting for a short sale to close escrow! The time frame for closing excrow to be illegible for the federal government's First Time Home Buyer Credit has been extended to September 30, 2010. Santa Clarita home buyers: This does not been that if ...

Tricia La Motte, CRS

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