Santa Clarita Real Estate

Too little too late say homeowners and some agents of Bush’s mortgage relief plan.
In Antelope Valley just North East of Santa Clarita many home owners are feeling the pain of their streets turning into run down neighborhoods, homes left behind as struggling owners felt they had no other way out. These once prime homes now show signs of disrepair, broken windows and overgrown yards full of weeds, some come with an eviction notice in their window as a "Substandard Property".

Palmdale as her sister city, Lancaster would benefit greatly by the Bush plan. Statistics show Palmdale accounts for 20% of Los Angeles County’s foreclosures.
Under the Bush mortgage relief plan, a homeowner must be current on payments (among other criteria) this will help some homeowners however the plan has come under fire regarding those the mortgage reief cannot help, perhaps those that need it most such as homeowners that have the have stopped making payments altogether who just simply could not keep up with climbing house payments due to the interest rate increases.
The situation is likely to get worse as additional distressed homeowners put their properties on the market, with the market already soft because of unsold new homes and foreclosures being sold at a discount. What we will be left with is a glut of many unsold new and re-sale homes flooding the market.