If your considering a short sale as an option to avoid foreclosure, I highly recommend you hire a Realtor who has sought out extensive training and has experience in handling these transactions. Jenifer and I have been dissecting the default process since 2006. My experience as a Loan Officer has been instrumental in dealing with the Loss Mitigation and Home Retention Departments. I have processed numerous Pre Foreclosure solutions over the last three years. I caution homeowners to verify the experience a Realtor claims to have. Any Realtor in today's market should provide you with letters of recommendation like the following.
October 27, 2009
To Whom It May Concern:
I am writing this letter to express my gratitude for getting the pleasure to work with real estate agents Gary and Jennifer Ricco. They both represented my ex-husband and me in a Short Sale of our single-family home.
Gary and Jennifer went above and beyond to guide me through the process. They spent an exorbitant amount of hours meeting with me, making phone calls to both my mortgage company and the buyer's loan company, not to mention communicating with the Escrow Officer. Gary and Jennifer always kept me informed at every step throughout the entire process and made sure to explain things in terms I would be able to understand.
Gary and Jennifer made what was already a very difficult situation, a smooth one by showing a genuine compassion for my unique circumstances. They were willing to work with me even though my ex-husband was going to be deployed and unreachable throughout most of the process. Their flexibility and creativity were key factors in getting escrow to close, saving me from having a foreclosure permanently on my credit report.
I highly recommend Gary and Jennifer Ricco to anyone who needs assistance with either buying or selling a home, no matter how complicated. I am truly grateful for all their hard work and appreciate their time and professional, yet compassionate attitude. As I look back on that difficult time in my life, getting divorced and short selling my home, I realize just how blessed I was to have Gary and Jennifer's help.
Sincerely,
Kelly C
A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today's market, specifically short sales.
The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short sale.
While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be. Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs. For more information, contact Jennifer & Gary Ricco of Keller Williams VIP Properties, Santa Clarita's Certified Distressed Property Experts. www.santaclaritacertifieddistressedpropertyexperts.com
CDPEs don't merely assist in selling properties, they serve and help save their clients in need
Are promissory notes on 2nd liens good or bad for clients during a short sale? It's common knowledge that a foreclosure, deficiency judgment or debt being sold to a collections company will have a serious negative impact on an individuals credit history, but what about an unsecured promissory note that is required by a 2nd lien holder in order to get a short sale approved?
During a recent conversation with my credit repair expert, Doug Minor www.easycreditrelief.com, Doug informed me that promissory notes for 2nd lien holders during the short sale actually help establish and repair the credit score quicker. Doug stated making payments on a promissory note will establish a new trade line, which often leads to additional credit being issued by other creditors. In my experience most homeowners are unaware of this and this information could be the information the homeowner needed to decided whether or not to agree to the promissory note.
Promissory Note: A promissory note is also an unsecured note and a contract between the lender and borrower where the borrower agrees to pay the difference (or a percentage of the difference) between the amount owed and the sales price of the property. This is usually presented during a short sale and can only be enforced if the borrower agrees in writing. These notes are also negotiable after the short sale.
If your a homeowner or Realtor looking for information on how a short sale, foreclosure, bankruptcy or debt collections effect credit, I highly recommend Doug Minor from www.easycreditrelief.com
I find it hard to believe some Realtors are still trying to bypass educating themselves fully in pre foreclosure process. Utilizing third party negotiators to negotiate pre foreclosure's can be a benefit; however the Realtor has the fiduciary duty to ensure the negotiator is licensed and skilled at negotiating the "most favorable outcome". In order to properly screen individuals or companies claiming to be third party negotiators, the Realtor has to have the knowledge first. The Realtor who sits across the table from the clients armed with this knowledge is the key. As a result of bypassing their own education, or resisting the education, untrained Realtors utilizing negotiators only focused on short sale negotiations, continue to pass along incorrect information to homeowners, information which could cause the homeowner not to have the "most favorable outcome".
It's imperative that Realtors possess the correct information when having intelligent conversations with clients. Trained Realtors can point out facts without giving legal or tax advice to homeowners on the possible Tax & Deficiency issues. California is one of 12 states with Anti-Deficiency Laws. In some cases going through a foreclosure is the most favorable outcome because of the protections provided by the Anti-Deficiency Laws. Realtors need to know the difference. Realtors with a Pre Foreclosure Specialists Certification can point out the facts and explain non-recourse & recourse issues as they relate to; purchase money loans with PMI or LPMI, 80/20 non recourse splits involving 100% financing, or a 1st lien with a 2ndlien recourse Home Equity Line of Credit, (HELOC).
When choosing a Realtor to handle your pre foreclosure transaction, the Realtor must demonstrate their working knowledge of the guidelines the servicers and each note holder (investor) are working off of. Understanding how all the Government Programs, like the "Making Homes Affordable Program", the "Helping Families Save Homes Act" or President Obama's Foreclosure Alternative Program, ("FAP" Program) is setting the stage to streamline homeowner assistance. Most of these programs are requiring the servicer to attempt a loan modification; however the homeowner has to meet debt to income (DTI) ratios in order to qualify, if not the struggling homeowner can then proceed with a short sale, deed in lieu and lastly a foreclosure.
The Realtor must also be able to understand and point out the language used in approval letters, in order to guide the homeowner's conversation with their legal counsel. The terms "release" and "satisfy" should be scrutinized. Here is an actual example from a short sale approval I recently negotiated. The approval language used by SLS to "Release the lien secured by its Deed of Trust and "Release" the seller from liability under their promissory note was for a recourse 2nd lien, where the homeowner used a HELOC to pull out money out.
As you can see I was able to negotiate with SLS on the 2nd Lien (Recourse HELOC) and its investors to release the lien and release the seller from liability. This is very favorable language for the seller, who verified this with their counsel prior to moving forward and closing the short sale. These transactions must be negotiated and documented by a highly trained Realtor, a Realtor doing short sales with a purpose, not by default because these type of transactions are a majority of current real estate market.
Realtors who don't understand the foreclosure process or negotiating with loss mitigators are more likely to have 2nd liens "charged off". A "Charge Off" is an instance in which a consumer (homeowner) is seriously delinquent in paying a bill and the creditor elects to transfer the account to an accounting category such as "charged to loss" or "bad debt." In such cases, the creditor may also turn the account over to an in-house or third party collections agency. These cause problems and delays and may be a deal breaker when negotiating short sales, however a trained Realtor has the knowledge to deal with this situations.
Here are just a few questions to ask your Real Estate Agent before hiring them.
•· Can my real estate agent explain the short sale process?
•· Does my real estate agent have prior short sale experience & success this year?
•· How do I know if my property qualifies for a short sale?
•· Does my real estate agent know what "hardships" quality for a short sale?
•· Does my real estate agent have an effective short sale strategy?
•· Does my real estate agent know how to effectively Price & Market my property correctly?
•· Which is better- a foreclosure or short sale?
•· What are the consequences of the short sale?
•· Why would the servicer and investor agree to a short sale?
•· How is a short sale different from a normal sale?
Now is not the time to gamble with your financial future, there are lots of real estate agents claiming to be short sale experts. If your serious about finding solutions to minimize your financial loss and limit the damage to your credit history, contact Jennifer and Gary Ricco at Keller Williams VIP Properties. 661-290-3837
Santa Clarita Homeowners struggling with Wachovia, Golden West or World Savings loans, would you like to speak directly with a Short Sale Manager able to explain, handle and approve your Short Sale?
Jennifer and I have recently been assigned and are working with a manager from Wachovia's Loss Mitigation division who's been assigned to handle the Santa Clarita Valley. This Wachovia representative will meet with all the homeowners that are interested in doing a Loan Modification or Short Sale to avoid foreclosure.
I'm sure as homeowners you have heard the horror stories about the Loan Modification & Short Sales process, the time they take to get the approval and are confused about the ramifications associated with doing these types of transactions. Wachovia understands the position this market has created and now offers Realtors, homeowners and buyers the assistance necessary to streamline the short sale process and approve these transactions within traditional time lines.
Per Wachovia program guidelines the Wachovia representative will meet with homeowners to answer their questions, explain what program they qualify for and ensure their cooperation with a licensed Realtor. The beauty of this program is, you don't have to be behind on payments, however there must be a verifiable hardship in order to participate in this program. You may have received a letter from Wachovia or will be receiving a letter shortly, in any case feel free to contact me, I'll make the necessary arrangements for him to contact you directly.
Here are some of the programs highlights:
*One local point of contact for Realtors and customers to review strategy, submit offers and close the transaction
*On-site property and seller interviews by a Loss Mitigation Manager
*Approvals in 7-10 days
*Average closing from start to finish: 48 business days
*$2500 up to $5000 cash for cooperation/moving expenses
This is a great opportunity for homeowners with Neg Am or interest only loans, who can not get a loan modification due to their negative equity position and debt to income ratios. Take the opportunity to speak directly with a Loss Mitigation Manager who can explain your options and show you how this program can help your family.
Should you be considering a short sale this is the time, with limited inventory and low interest rates Realtors have nothing to show and sell their buyers. Take full advantage of this seller market and position yourself to minimize your financial loss.
Contact Jennifer or I to make an appointment with Wachoiva's Loss Mitigation Manager. 661-290-3837
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I am a Certified Pre-Foreclosure Specialist with a Certified Distressed Property Expert designation serving North Los Angeles County, Santa Clarita Valley and Ventura County.
I'm originally from New Jersey, I have lived in Southern California for over 20 years, making the Santa Clarita Valley home for the past 14 plus years. I am an active member of this community, I am a original committee member for our local Boy Scout Troop #499 out of Stevenson Ranch. I have also coached AYSO Soccer and have taught Karate within our community. I have devoted my life to serving others through leadership in my profession and in my community.
I served in the United States Marine Corps, which afforded me the opportunity to travel all over Southeast Asia and I'm a veteran of the first Gulf War. Upon seperating from the military, I enjoyed a 14 year career in law enforcement. The experience of living and working within multi cultural communities has expanded my understanding of life.
I specialize in residential real estate, single family homes, condominiums and investment properties. I am pleased to provide my professional guidance to assist you in evaluating you real estate needs. I listen to my clients and formulate a plan that is tailored to their specific needs whether your buying or selling. As this market changes I change with it by continuing education, I am staying on top of latest real estate trends whether the market is up or down. I will provide my clients an opportunity to fill out a survey, upon completion of any transaction, that will rate my service at the end of every transaction, it is my goal to earn 100% satisfaction. I believe in, "quality consulting through continuous improvement."
With both my wife and I having worn the badge and my service in the United States Marine Corp (Semper Fi), one of my focuses is to help law enforcement and military families. While our men and women are serving our local communities or our country, I am here to help those families with the largest and most important investment of their lives. I do this with honesty and integrity.
Dealing with a hardship thats leading to a foreclosure? I'm a Certified Distressed Property Expert with a Pre-Foreclosure Specialist Certification. Are you unfamiliar with the Pre-Foreclosure process. Is a forebearance, loan modification, deed-in-lieu or a short sale an option? Do you have extra money to pay expansive hourly attorney's fees to handle this transaction, when a trained Realtor who gets paid by the lender can do it? Most individuals enter this process without any visible intervention. Homeowners who are in the pre-foreclosure process need to speak with a Certified Pre-Foreclosure Specialist as quickly as possible. For many homeowners foreclosure is not the only option however most don't have trusted professionals to explore solutions with. By dealing with a Realtor who has earned the Certified Distressed Property Expert Designation (CDPE) and Pre-Foreclosure Specialist Certification (PSC), homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs.
The Distressed Property Institute & PartnerFirst trains agents to understand the foreclosure process that all together too many agents do not understand. CDPE & PSC agents have an arsenal of foreclosure solutions available to make certain they are doing everything they can to help a distressed homeowner out of their situation. I will analyze which options best suit the client and move towards resolving this financial difficulty. One very important thing to remember: no matter where your at in the foreclosure process Time is of the essence. A trained Realtor can provide you with options so you can take quick action in order to allow enough time to complete the chosen process.
People continue to flock to the Santa Clarita Valley in record numbers, and for good reason. As one of the fastest-growing communities in both California and the nation, the Santa Clarita Valley is a destination of choice for people seeking both a family-oriented atmosphere and a business-friendly environment. Many say this valley is the brightest discovery in the Golden State. In fact, USA Today named Santa Clarita one of the nation's 100 best communities in 2007. Spend some time in this thriving community and you'll discover why so many families and businesses call it home.
City of Santa Clarita
Population: 177,418
Elevation 1,200 to 1,400 feet
Santa Clarita is a city that reflects all the best of the Golden State - past, present and future. Located in a picturesque valley south of the Sierra Pelona Mountains and north of the Santa Susanna and San Gabriel mountains, Santa Clarita is big, bold and confident in its growing role as a first-choice community for raising families and building businesses. Within 35 miles of downtown Los Angeles, it is a bustling urban area with a variety of industries, affordable housing, abundant jobs and easy access to the Los Angeles basin.
The majority of the population is concentrated in the City of Santa Clarita, which contains most of the communities of Canyon Country, Newhall, Saugus and Valencia. The City of Santa Clarita encompasses 46.7 square miles of the approximately 200-square-mile Santa Clarita Valley, which was named for the Spanish Saint Clare by the early padres and explorers.
A movement to establish greater local control over the valley's destiny began in 1969, when an editorial written in The Signal newspaper urged readers to unite. It took years to convince residents that becoming its own municipality would bring more political clout within Los Angeles County, meaning more tax dollars could be spent on providing much-needed infrastructure improvements in the booming valley. The independence movement took several forms, including a failed attempt at creating a new county. Critics of independence argued they would have to pay more taxes if the community became incorporated, but a citizens' committee successfully demonstrated that the proposed city's area was actually generating more money than Los Angeles County was spending in it and that if the city formed, taxes could be better spent right here at home.
Voters approved the formation of the new city on November 3, 1987. The City of Santa Clarita was officially created on Dec. 15, 1987, becoming the 85th city in Los Angeles County and the largest area incorporated in California's history.
The City of Santa Clarita is the fourth-largest city in Los Angeles County based on the 2000 Census, and it is the 25th largest city in the state. Based on 2001 statistics, Santa Clarita was the fourth fastest-growing city in Los Angeles County and the 14th fastest-growing city in California.
More business leaders are taking a close look at how the city has accomplished so much in so little time. The city has earned numerous accolades. Among them, California Business magazine named Santa Clarita the second best mid-sized city in the state in which to do business, and City & State magazine named Santa Clarita one of the top five "up and coming" cities in the nation. The city has consistently placed in the Top-10 safest U.S. cities with populations over 150,000 and within Los Angeles County, according to FBI statistics. The Ladies Home Journal rated the city as having the best government benefiting women. The special report ranked the largest 200 cities across the country in several categories, including: low crime, health care, child-care, lifestyles, jobs, education, government and overall best cities.
The Santa Clarita Valley is, in fact, Southern California's best-kept secret with its low crime, sunny climate and family-friendly environment. It's a great place to live, work, play and stay. Its unique blend of rural, old west heritage and urban sophistication has contributed to this fast-growing community's enviable balance of high-quality living and growth. That balance is carefully maintained through long-term planning and fiscal responsibility, community involvement, respect for the environment, and strong public and private support for business development. Santa Clarita's successes are evident in its residential neighborhoods and recreational attractions, in its business parks and its cultural, commercial, educational and health-care centers.
Canyon Country
Canyon Country has carved a unique identity apart from its neighbors to the west. It is the largest of the four primary bedroom communities that make up the City of Santa Clarita: Saugus, Newhall, Valencia and Canyon Country. The area started as a collection of rural homes nestled into canyons and smaller communities - Mint Canyon, Tick Canyon, Iron Canyon, Sand Canyon, Whites Canyon, Vasquez Canyon, Soledad Canyon, Honby, Pinetree, Forrest Park, Sulphur Springs and Solemint Junction. The area south and north of the Santa Clara River was renamed Canyon Country in 1968 by a residents' ballot.
Geographically, Friendly Valley and Serena Park are part of Canyon Country, as is prestigious Sand Canyon with its large estate homes, equestrian ranches and the new Robinson Ranch golf course community. Soledad Canyon Road, which runs through Canyon Country, is a primary retail boulevard surrounded by a diversity of residential neighborhoods, a Metrolink train depot and shopping centers. Some of the newer attractions along Soledad include an Regal-Edwards 10-screen multiplex and entertainment center, as well as the new Jo Anne Darcy Canyon Country Library, named after the councilwoman who retired from public office in 2002 after having served the city since its creation in 1987. College of the Canyons maintains an educational center in the library complex, bringing much-needed classrooms and a computer center into the valley's most populous community.
Pioneer Col. Thomas F. Mitchell started the first school in the valley in Sulphur Springs in 1872, while John Lang used the springs for his health resort and hotel. He has the distinction of shooting the largest grizzly bear on record, weighing in at a decidedly hefty 2,340 pounds.
Newhall
After several years of planning, Old Town Newhall is emerging as a thriving venue of unique shops, live theaters and unique restaurants. The most visible early redevelopment of the area occurred in the late 1990s when Railroad Avenue was renovated with period light fixtures and landscaping, followed closely by nearly a block of retail renovation to the structure that now holds the Repertory East Playhouse and El Trocadero Steakhouse. That same block south of Market is also the new home of the Canyon Theatre Guild, whose playhouse hosts some of the finest community theater found anywhere. Across Railroad Avenue is the third Metrolink station to open in Santa Clarita, the Jan Heidt Metrolink Station, named after one of the city's first council members.
The oldest and most historic community in Santa Clarita also features the Walk of Western Stars, a Hollywood Boulevard-style sidewalk that honors western stars and other noteworthy individuals; the Cowboy Poetry and Music Festival at the nearby historic Melody Ranch, a working movie ranch once owned by western legend and California Angels owner Gene Autry; William S. Hart Park, a county-run facility that also includes the home-turned-museum of silent western star William S. Hart, a petting zoo and expansive grounds; Placerita Nature Center; historic Heritage Junction and the historic Pioneer Oil Refinery.
Newhall was founded in 1876. Railroad tycoon Henry Mayo Newhall had a major influence on this valley's destiny, recognizing the impact railroads would have on the area. He bought the old del Valle rancho and sold the railroad right-of-way to the Southern Pacific railroad for $1 and a town site for another dollar. Southern Pacific named the little town after him.
Newhall was the setting for filming of the earliest western movies, and this heritage was maintained by silent western star William S. Hart, who bequeathed his famous home and property to the county. His home is maintained as he left it, and it is open to the public for tours. Originally an oil, mining and farming community, Newhall now holds a generous portion of the still-visible history of this valley.
Saugus
Until the late 1940s, when people moved west after World War II, Saugus was a sleepy little town surrounded by several large ranches. Today, the community caters to family living, with much of its development built along Bouquet Canyon Road, which extends through the picturesque hills all the way to the Antelope Valley, Seco Canyon Road and Copper Hill Drive. A recent residents' survey revealed that 70 percent of the homeowners want to maintain Saugus as a bedroom community and not a business-oriented area. The community is the home of the Saugus Speedway and Swap Meet, one of the oldest and largest open-air markets in Southern California; Castaic Lake Water Agency's new filtration plant and education center, and a large Metrolink Station adjacent to the speedway.
One of the newest additions to the community is the 40-acre Central Park, which includes many amenities such as lighted sports fields and some 500 trees. Phase 2 of the park opened in January 2003, boasting four additional sports fields, a new restroom facility, walkways and shade trees.
Parks have been a priority since the city was created. The city opened another park in 2001, in the Circle J Ranch area of Saugus. The 5-acre Circle J Ranch Park at 22651 Via Princessa includes a picnic area, walkways, trails and children's play area. Another neighborhood park, the 5-acre Pamplico Park, opened next to James Foster Elementary School.
Saugus also is home to the Mountasia Family Fun Center, a year-round entertainment complex that celebrates its 10th anniversary in 2005. The center is home to the only laser-tag arena in the valley. It also features video and redemption games, a rock-climbing wall, bumper boats, roller-skating and blading, go-kart racing and miniature golf. The complex also features a Farrell's Ice Cream Parlour & Restaurant, which offers a full menu as well as a variety of ice cream desserts. Mountasia also is a popular spot for birthday parties and corporate events.
The Santa Clarita Sports Complex, renamed the George A. Caravalho Sports Complex after the longtime city manager who recently left, features basketball, volleyball and raquetball courts, as well as a specially designed outdoor skate park. The complex recently underwent an expansion that introduced a teen center, arcade, arts and crafts room, dance room, computer room and various community and multipurpose rooms. The newest addition to the complex is an aquatics center, boasting three pools, including a 50-meter competition pool with a professional timing system, a 25-meter dive pool, and an activity pool complete with water play equipment and a 160-foot water slide. The recently completed $9 million facility also provides concession facilities and locker/changing rooms on its landscaped, lighted grounds. With plenty of parking and ample deck space for lounging, the Aquatic Center is sure to be a popular summer destination.
Saugus also has a connection to the man after which Newhall was named. In 1887 the Southern Pacific railroad established a second train stop at Saugus, which was named for Henry Mayo Newhall's Massachusetts birthplace. The term Saugus is Narragansut Indian, meaning "sandy spit of land."
The Newhall-Saugus area became Hollywood's back lot for filming westerns. Actors William S. Hart, Tom Mix and Gene Autry took advantage of the rugged and varied topography to create the visual traditions that would define the classic western. In fact, Saugus was the scene for one of the West's last train robberies - and it was not a fictional movie tale. In 1929 "Buffalo" Tom Vernon derailed Engine No. 59 and separated passengers from their valuables. The famous Saugus Cafe opened in 1887 inside the Saugus Train Station, and in 1905 it moved across the railroad tracks to where it stands today. Among the celebrities who have dined in the cafe were President Theodore Roosevelt, President Benjamin Harrison, the King of Spain, Clark Gable, John Wayne and California Governor Gage.
Valencia
Abiding by its slogan "Built as Promised," Valencia has been carefully planned, designed and built over the last 40 years and has become one of the most popular areas in Southern California for people to raise their families. Valencia is regarded as one of the nation's leading master-planned communities and was named one of the 50 best places in the U.S. to live in the publication "Fifty Fabulous Places to Raise Your Family."
Newhall Land has developed Valencia in accordance with a master plan created by legendary planner Victor Gruen in 1965. Rather than focusing solely on residential development, the community's master plan includes every aspect of modern life - diverse residential neighborhoods that are balanced by thriving work centers, top-quality schools, abundant recreation, dynamic shopping, dining and entertainment, and public services such as medical care, government centers, a library and more.
Partly located in the heart of the City of Santa Clarita, the community occupies a portion of the original 48,000-acre Newhall Ranch. It encompasses more than 15,000 homes, tens of thousands of jobs, and distinguished institutions such as College of the Canyons and the Disney-endowed California Institute of the Arts. These two institutions will soon be joined by the future campus of the University of California at Los Angeles (UCLA) Film and Television Preservation Center on 60 acres at McBean Parkway and Rockwell Canyon Road, between CalArts and College of the Canyons.
Also unique to the community is its extensive paseo system, a series of scenic walkways and bike paths that connect homes to shops, parks and schools. There are currently about 30 miles of these innovative paseos, which are featured within each residential neighborhood Newhall Land plans. The company has partnered with the City of Santa Clarita to build miles of trails along the Santa Clara River and its tributaries.
Valencia is renowned for its open space and abundant recreation. There are currently 11 parks, all built by Newhall Land, within the community, dozens of private neighborhood recreation centers and acres of natural areas and oak woodlands that the company has set aside as permanent open space.
Valencia is home to government, health care, dining and entertainment, as well. The Santa Clarita Valley Chamber of Commerce, Santa Clarita City Hall, Henry Mayo Newhall Memorial Hospital, the county's civic center, Six Flags Magic Mountain and Hurricane Harbor, Westfield Valencia Town Center, Valencia Marketplace, Valencia Country Club and TPC at Valencia, California's first and only Tournament Players Club course, are all located here
Westfield Valencia Town Center, an enclosed regional shopping center, and Town Center Drive, a half-mile pedestrian-oriented retail destination, create the hub of shopping, dining and entertainment for the valley. In addition to three major department stores, Town Center is home to a mix of quaint boutiques, leading national retailers, great restaurants, the Hyatt Valencia and Santa Clarita Conference Center, a Spectrum Health Club, and major employers including Princess Cruises and Morgan Stanley Dean Witter. The mall recently unveiled plans to undergo a major expansion, which would include a larger Macy's department store.
Newhall Land has also developed Valencia Gateway, a series of planned business and technology centers that currently provide more than 55,000 jobs. As the major employment center for the Santa Clarita Valley, Valencia Gateway is home to numerous light industrial and manufacturing businesses, and is an established center for entertainment, production, and biotechnology-related industries.
Also in Valencia are numerous state and nationally distinguished elementary, junior and senior high schools, private child-care centers and Legacy Academy, a private elementary school.
Stevenson Ranch
Stevenson Ranch, set in the foothills of the Santa Susanna Mountains in the Santa Clarita Valley, offers wide-open spaces, breathtaking views, and a variety of home choices to suit a wide variety of family needs. An ideal community bringing families together to grow and experience the small-town spirit shared among neighbors, Stevenson Ranch fosters close-knit neighborhoods and family-oriented community-wide activities such as festivals and holiday celebrations. The 4,000-acre community of more than 8,000 homes features an estimated 1,000 acres of designated open spaces and parklands, and is close to various work centers and recreation.
Stevenson Ranch Elementary School, has been honored as one of the select few "California Distinguished Schools." One of community's newest schools is Pico Canyon Elementary School, which opened in 2003 at 25255 Pico Canyon Road. Education is a major concern of the community, and Stevenson Ranch provides unequaled education opportunities to its residents. Projected at the build-out of the community, a full spectrum of new educational facilities will be operational, including a middle school and a high school. Additionally, the new Dr. Richard H. Rioux Memorial County Park includes soccer fields, baseball diamonds, basketball, two children's play areas and an outdoor amphitheater.
Information courtesy of the Santa Clarita Resource Guide 2007-2008
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