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Jennifer Ricco Realtor CDPE, PSC, e-PRO, WCR, Retired LAPD

The 21st annual Taste of the Town - Santa Clarita's Premiere food & wine tasting event Sunday May 3, 2009

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Join the community of Santa Clarita on Sunday, May 3, 2009 from 1pm - 5pm for the 21st annual Taste of the Town - Santa Clarita's Premiere food & wine tasting event for a day of dining, wining, dancing and fun at the 2009 Taste of the Town!

Over thirty of Santa Clarita's finest restaurants, caterers, wine vendors and micro-brewers will serve up their culinary masterpieces to hundreds of guests. Plus there will be live entertainment by Platinum recording artists Mark LeVang & Friends and a silent auction to help raise funds for the Child & Family Center.

It is important to remember the many children and families who are helped every day by the Child & Family Center's mental health services. Taste of the Town provides much needed funds to continue helping kids with emotional and behavioral problems.

Participating restaurants to date include Babe's Dessert Bar, BJ's Restaurant, Bristol Farms, Castaic Lake Water Agency, Cavi Cucina Italia, Clarice's Cake & Candy Supplies, Frankies NY Italian Restaurant, Freshers, Indian Wells Brewing Co., Jill's Cake Creations, Maru, New Moon, The Paseo Club, Rattler's Bar-B-Que, Roast House, RSVP the Catering Company, Salt Creek Grille Catering, Sisley Italian Kitchen, Stonefire Grill, Tandoori Grill, Trader Joe's, Tropical Smoothie Café, Vines, Vino 100, Vintner's Cellar, Vivoli Café & Trattoria, Wolf Creek Restaurant & Brewing Co.

Don't miss the chance to taste all the exceptional restaurants located here in Santa Clarita while supporting the Child & Family Center a very worth while cause!

Click here The Child & Family Center Website for further information on the center.

Santa Clarita Short Sale & Bank Owned Properties For Sale April 8, 2009

Santa Clarita Short Sales & Bank Owned Properties for sale

As your Santa Clarita Short Sale Specialist I am here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in the Santa Clarita Valley. Whether you are thinking about buying a home or you need to short sale your home these numbers show you a snap shot of the Santa Clarita real estate market. As of April 8, 2009 here are the current average list and sale prices for the Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic areas.

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ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There is 1 active bank owned (REO) single family homes for sale in Stevenson Ranch, 2 in back up 7 pending.

Average list price: $574,900

Average sale price: $526,980 from 2/3/2009 - 04/3/2009 10 homes sold.

The bank owned homes sold $47,920 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There are 20 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 7 in back up 9 pending.

Average list price: $530,237

Average sale price: $534,000 from 2/3/2009 - 04/8/2009 2 homes sold.

The short sale homes sold for $3,763 Above the current average list price.

Short sale homes in Stevenson Ranch are listed for less but are selling for more then the bank owned homes during the 2/3/2009 - 03/2/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There were 6 single family homes sale.

Average list price: $549,850

Average sale price: $575,666 From 1/10/2009 - 02/03/2009, 3 homes sold.

The bank owned homes sold $25,816 above the average list price.

There are 8 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There were 21 single family homes sale.

Average list price: $537,185

Average sale price: $438,500 From 1/10/2009 - 02/03/2009, 2 homes sold.

The short sale homes sold for $98,685 below the average list price.

There are 14 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA APRIL 8, 2009:

There are 13 active bank owned (REO's) single family homes for sale in Valencia, 6 in back up 27 pending.

Average list price: $452,600

Average sale price: $424,940 from 2/3/2009 - 04/8/2009, 31 homes sold.

The bank owned homes sold $27,660 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN VALENCIA APRIL 8, 2009:

There are 86 active short sale, pre foreclosure single family homes for sale Valencia, 30 in back up 24 pending.

Average list price: $452,112

Average sale price $439,625 from 2/3/2009 - 04/8/2009, 16 homes sold.

The short sale homes sold for $12,487 Below the current average list price.

Short sale homes in Valencia are listed for less but are selling for more then the bank owned homes during the 2/3/2009 - 04/8/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings.

ACTIVE BANK OWNED LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There were 18 single family homes sale.

Average list price: $492,100

Average sale price: $456,491 From 1/10/2009 - 02/03/2009, 6 homes sold.

The bank owned homes sold for $35,609 below the average list price.

There are 30 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There were 81 single family homes sale.

Average list price: $461,054

Average sale price: $396,666 From 1/10/2009 - 02/03/2009, 3 homes sold.

The short sale homes sold for $64,388 below the average list price.

There are 42 properties in back up or pending status.

Short sale homes in Valencia are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN SAUGUS APRIL 8, 2009:

There are 13 active bank owned (REO's) single family homes for sale in Saugus, 7 in back up 14 pending.

Average list price: $352,476

Average sale price: $386,800 from 2/3/2009 - 04/8/2009, 32 homes sold.

The bank owned homes sold $34,324 Above the current average list price.

Bank owned homes in Saugus are listed for less and selling for less then short sale homes during the

2/3/2009 - 03/2/2009 time period.

ACTIVE SHORT SALE LISTINGS IN SAUGUS APRIL 8, 2009:

There are 51 active short sale, pre foreclosure single family homes for sale in Saugus, 31 in back up 26 pending.

Average list price: $420,755

Average sale price: $522,166 from 2/3/2009 - 04/8/2009, 6 homes sold.

The short sale homes sold for $101,411 Above the current average list price.

ACTIVE BANK OWNED LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There were 20 single family homes sale.

Average list price: $371,271

Average sale price: $412,818 From 1/03/2009 - 02/03/2009, 10 homes sold.

The bank owned homes sold for $41,547 above the average list price.

There are 26 homes in back up or pending status.

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There were 63 single family homes sale.

Average list price $453,837

Average sale price: $495,000 From 1/10/2009 - 02/03/2009 1 home sold.

The short sale homes sold for $41,163 above the average list price.

There are 32 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN NEWHALL APRIL 8, 2009:

There are 6 active bank owned (REO's) single family homes for sale in Newhall, 1 in back up 12 pending.

Average list price $350,380

Average sale price $396,569 from 2/3/2009 - 04/8/2009, 8 homes sold.

The bank owned homes sold $46,189 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN NEWHALL APRIL 8, 2009:

There are 34 active short sale, pre foreclosure single family homes for sale in Newhall, 15 in back up 12 pending.

Average list price: $368,434

Average sale price: $345,500 from 2/3/2009 - 04/8/2009, 2 homes sold.

The short sale homes sold for $22,934 Below the current average list price.Bank owned homes in Newhall are listed for less But short sale homes are selling for less during the 2/3/2009 - 03/2/2009 time period.

ACTIVE BANK OWNED LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There were 10 single family homes sale.

Average list price: $326,490

Average sale price: $338,506 From 1/10/2009 - 02/03/2009

The bank owned homes sold for $12,016 above the average list price.

There are 17 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There were 36 single family homes sale.

Average list price: $404,631

Average sale price: $330,000 From 1/10/2009 - 02/03/2009, 1 homes sold.

The short sale homes sold for $74,631 below the average list price.

There are 12 homes in back up or pending status.

Bank owned homes are listed for less but Short sale homes in Newhall are selling for less.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY APRIL 8, 2009:

There are 14 active bank owned (REO's) single family homes for sale in Canyon Country, 9 in back up 35 pending.

Average list price: $298,392

Average sale price: $323,992 from 2/3/2009 - 04/8/2009, 39 homes sold.

The bank owned homes sold $25,600 Above the current average list price.

Bank owned homes in Canyon Country are listed for less and are selling for less then short sale homes during the 2/3/2009 - 03/2/2009 time period.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY APRIL 8, 2009:

There are 97 active short sale, pre foreclosure single family homes for sale in Canyon Country, 17 in back up 44 pending.

Average list price: $383,370

Average sale price: $361,991 from 2/3/2009 - 04/8/2009, 12 homes sold.

The short sale homes sold for $21,379 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There were 32 single family homes sale.

Average List Price: $327,498 Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 26 homes sold, the average sale price was $322,226 days on market 30.

The bank owned homes have sold for $5,272 below the average list price.

There are 58 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There were 117 single family homes sale.

Average List Price: $374,665 Days on Market: 119

From 1/10/2009 - 02/03/2009 there were 5 home sold, the average sale price was $438,000 days on market 195.

The short sale homes have sold for $63,335 above the average list price.

There are 40 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN CASTAIC MARCH 2, 2009:

There are 8 active bank owned (REO's) single family homes for sale in Castaic, 1 in back up 11 pending.

Average list price: $380,088

Average sale price: $408,806 from 2/3/2009 - 04/3/2009, 16 homes sold.

The bank owned homes sold $28,718 Above the current average list price.

Bank owned homes in Castaic are listed for less and are selling for less then short sale homes during the

2/3/2009 - 03/2/2009 time period.

ACTIVE SHORT SALE LISTINGS IN CASTAIC MARCH 2, 2009:

There are 33 active short sale, pre foreclosure single family homes for sale in Castaic, 10 in back up 13 pending.

Average list price: $388,611

Average sale price: $414,750 from 2/3/2009 - 04/8/2009, 4 homes sold.

The short sale homes sold for $26,139 Above the current average list price.

ACTIVE BANK OWNED LISTINGS IN CASTAIC FEBRUARY 3, 2009:

There were 14 single family homes sale.

Average list price: $496,221

Average sale price: $432,500 From 1/10/2009 - 02/03/2009, 6 homes sold.

Bank owned homes sold for $63,721 below the average list price.

There are 14 properties in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN CASTAIC FEBRUARY 3, 2009:

There were 44 single family homes sale.

Average list price: $392,324

Average sale price: $407,500 From 1/10/2009 - 02/03/2009, 4 homes sold.

The short sale homes sold for $15,176 above the list price.

19 properties are in back up status or pending.

Short sale homes in Castaic are listed for and selling for less then the bank owned homes.

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With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Valley. As potential buyers or sellers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties (foreclosures) and short sales (pre foreclosures). Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to minimize their loss severity. There is a difference between a pre foreclosure and a foreclosure. The time period between the first missed payment and the final bank sale is called the pre foreclosure phase. Foreclosure is a legal process that is initiated whenever a homeowner defaults (stops making payments) on their mortgage(s). When the foreclosure is completed the home is either sold at auction or becomes real property of the lender and is now owned by the lender REO, Real Estate Owned.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to short sale, pre foreclosure defintions.

You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these investment opportunities.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an agent who has earned the CDPE designation, buyers and sellers ensure that they are working with experienced short sale real estate professionals that are equipped to handle their specific needs.

This real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help families get on the path to recovery.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Distressed Property Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Santa Clarita, or any other areas of Southern California go to: Search the MLS like a Realtor

You can tract the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

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, or your Realtor.

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: Is now the right time to be a first time home buyer?.

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 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: Search the Santa Clarita and San Fernando Valleys . Your search can include Santa Clarita or San Fernando Valley short sales (pre foreclosures), bank owned properties (REO's) and regular listings.

**FIRST TIME HOME BUYER GRANT 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 www.RiccoSellsHomes.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/

VALENCIA COUNTRY CLUB IS HOSTING THE AT&T CHAMPIONS CLASSIC MARCH 9th-15th, 2009

Want to see PGA Tour greats like Tom Purtzer, Tom Kite, Des Smyth, Craig Stadler, Ben Crenshaw, Raymond Floyd and many other familiar names take on one of the most beautiful golf courses in all of California?

Valencia Country Club - Nestled within the foothills of the Santa Clarita Valley, lies a celebrated masterpiece built from the vision of acclaimed golf course architect, Robert Trent Jones, Sr. Golf Digest named the course at Valencia Country Club as one of the top 25 golf courses in the state of California.

The first round of play will begin on Friday March 13, 2009 at 10:30am, the gates will open at 7:30am for the spectators. The final round will take place on Sunday March 15, 2009 at 10:30, the awards ceremony is slated for 5pm on the 18th green. The Purse for this tournament is: $1.6 million and the Winning Share: $240000. On Tuesday the 10th, Wednesday the 11th, and Thursday the 12th there will be a Pro-Am Tournament those awards being handed out on Thursday evening at 7:30pm. If you cannot make it out to see this tournament you will be able to view it on the Golf Channel, check your local listings.

For further information about this tournament go to www.attchampionsclassic.com or Click here to view our updated Player Field.