Today’s Signal reported that Santa Clarita ranked in the top 15% of 420 cities with populations exceeding 75,000.  The measurement by Portfolio.com included the following factors; per capita income, household income, threshold for the top 20% of household incomes, and the ratio of median home value per $50,000 of household income.    Go to http://www.the-signal.com/news/article/27203/ for the Signal’s article. 

Yesterday, on April 5, 2010 the Treasury announced new short sale protocols that provide the owners of distressed primary residences with vastly improved short sale procedures with those lenders that adopt them.  These improvements include pre-approved proceeds (i.e. selling prices), established timelines, and $3,000 in relocation expenses and relief from any contingent liability.

So far Bank of America, Wells Fargo, Citibank, GMAC and Wachovia have signed on.  While these new protocols or a facsimile of them have not yet been adapted by Fannie Mae or Freddie Mac, they are expected  to do so soon.

Detailed information will be available soon at www.jpscvrealty.com.