Fannie Mae Closing Cost Assistance
New Closing Cost Assistance and Appliance Incentive
*Lenders may impose their own limitations on the use of the 3.5% incentive, so buyers should consult their lenders for guidance.
Buyers purchasing properties listed on HomePath.com that are closed within this time period may receive up to 3.5% of the final sales price for one of the following:
• Closing costs;
• The purchase of new Whirlpool® appliances by Fannie Mae; or
• A mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%.
To be eligible for this incentive:
• Offers must be accepted on or after January 28, 2010
• Property sale must close before May 1, 2010
• Buyers must be owner-occupants, investors are excluded
Speak to a real estate professional or visit HomePath.com for more info.
Call 661-726-0696 for more info or email us here
Commercial Land – Prime Location
Rosamond Blvd & United (10th St. West)
14 +/- Acres
$749,000
Corner lot fronting Rosamond Blvd. Newly built apartment buildings and commercial strip mall are a few blocks away. Near residencial development and proposed multi-unit construction across the street to the west (Note: Bulldozers and equipment inside fenced construction site). Gateway to Edwards Air Force Base. Water and Sewer in Street. Motivated Seller! Call 661-726-0696 for more info. More Info
Lancaster Going Green
The City of Lancaster is adopting a proactive approach to the promotion and use of Alternative Energy.
www.CityOfLancasterCa.org
Lancaster City Council Adopts Ordinance Encouraging Increased Use of Alternative Energy Posted Date: 2/1/2010 11:00 AM
During its Jan. 26th meeting, the Lancaster City Council adopted an ordinance to stimulate increased use of alternative energy systems within the City. Specifically, the new ordinance permits the construction of small wind energy systems in commercial and industrial zones. It also allows solar power plants in rural residential zones with a conditional use permit.
“Our goal of making Lancaster the alternative energy capital of the world may sound like mere hyperbole, but we are continually drawing closer to making this goal a reality,” said Mayor R. Rex Parris. “This ordinance is yet another step in the right direction. The use of alternative energy conserves not only our environment and resources, but also saves money in the long-term, in addition to building a brighter future for our children and grandchildren.” Read More
Hot New Listings! Palmdale
Hot New Listings!Lancaster
5 Bedroom Bank Owned Home
5 Bedroom Bank Owned Home In West Lancaster coming soon. Mariness Chata of Assist 2 Sell is giving a preview of this beautiful home that is close to shopping, schools and freeway access. It has new paint, new carpets, dual air conditioning system, great backyard with stamped/paved patio and more. Call and be sure to place your name on the list to preview this home when it goes on the market.
Highlights – Neighborhood scene, Mariness Chata at the front of the home, entry, living room, family room, kitchen, master bedroom, master bath with tub and shower and master walk-in closet.
Call 661-726-0696 and ask for info. on this West Avenue K5 home or Email Us
Mortgage Lenders Pursue Homeowners Even After Foreclosure
A lot of people are unaware of what happens when the bank forecloses on homeowners. CNN Money article below gives valuable information for homeowners who are contemplating foreclosure. We recommend that you speak with a reputable and experienced Realtor to discuss your options.
Mortgage lenders pursue homeowners even after foreclosure
By Les Christie, staff writer , On Wednesday February 3, 2010, 8:18
As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? Wrong.
Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these “deficiency judgments” are ticking time bombs that can explode years after borrowers lose their homes.
It can even happen to people who got their bank to approve them selling their home for less than it is worth.
Vanessa Corey, for example, short sold her Fredericksburg, Va., home in April 2008. She and her husband built the house in 2004, but setbacks, both personal (divorce) and professional (housing bust), made it impossible for the real estate agent to keep her home. So she negotiated the short sale and thought that was the end of it.
“My understanding was that the deficiency was negotiated away,” she said. “Then, last November, I got a letter from a lawyer telling me I owed my lender $65,000. I had to declare bankruptcy. There was no way I could pay it.”
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