Hilltop Leona Valley acreage with level building site and views for miles! Includes plans for 2700sqft residence!

$180,000

**** Seller may carry loan with the right terms! ****

• 2.59 acres
• Buildable hilltop view lot
• All reports will transfer to buyer
• Plans for 2700 sqft home will transfer to buyer

Contact us for more information or to schedule a showing!

Wow! Amazing views abound on this hilltop acreage! All the groundwork has been done for you … grading and erosion control, soils report, perc test, geology report, certificate of compliance, will-serve letter on file with the water district. Yes, we even have plans for a 2700sqft residence! Dream no more – you will be the King of the Hill! Seller may carry with the right terms … Don’t miss out!

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See more information on Leona Valley schools from Education.com

• Middle {1}
• Elementary {1}

Elementary Schools in Leona Valley, CA, 3

1 Elementary Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Leona Valley Elementary School Phone: (661) 948-9010 9063 West Leona Ave, Leona Valley, CA 93551	Public	K-8	167	28

Middle Schools in Leona Valley, CA, 3

1 Middle Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Leona Valley Elementary School Phone: (661) 948-9010 9063 West Leona Ave, Leona Valley, CA 93551	Public	K-8	167	28

• Grocery Stores
• Restaurants
• Banks
• Gas Stations
• Golf Courses
• Hospitals

Grocery Stores

	Albertsons Phone: (661) 718-3732 5038 W Ave N, Palmdale, CA 93551	3.47 miles	1 Reviews
	Sula Minimarket Phone: (323) 663-1110 4882 Fountain Ave, Los Angeles, CA 90029	6.02 miles	1 Reviews

Restaurants

	Mister Frostee Phone: (661) 270-9279 , Palmdale, CA 93551	0 miles	1 Reviews
	Crazy Otto's Phone: (661) 270-1124 40352 90th St W, Palmdale, CA 93551	0.8 miles	3 Reviews
	Scramblez Cafe Phone: (661) 270-1124 40352 90th St W, Leona Valley, CA 93551	0.83 miles	4 Reviews
	Carl's Jr Phone: (661) 722-1081 5006 W Ave N, Palmdale, CA 93551	3.48 miles	2 Reviews
	Subway Phone: (661) 718-3444 5037 W Ave N, Quartz Hill, CA 93536	3.93 miles	2 Reviews
	Medrano's Mexican Restaurant Phone: (661) 718-1305 5037 W Ave N, Quartz Hill, CA 93536	3.93 miles	10 Reviews
	Scramblez Cafe Phone: (661) 943-2863 41967 50th St W, Lancaster, CA 93536	4 miles	10 Reviews
	Best of Europe Phone: (661) 943-0257 41971 50th St W, Lancaster, CA 93536	4.01 miles	23 Reviews
	Domino's Pizza Phone: (661) 943-2456 50th Street West, Quartz Hill, CA 93534	4.04 miles	1 Reviews
	Riga Tonys Pizza and Pasta Phone: (661) 943-4443 5009 W Ave L-14, Quartz Hill, CA 93536	4.1 miles	9 Reviews
	Karen's Kitchen 4 Phone: (661) 943-9117 42123 50th St W, Lancaster, CA 93536	4.12 miles	11 Reviews
	Primo Burgers No 12 Phone: (661) 722-2786 42157 50th St W, Lancaster, CA 93536	4.15 miles	1 Reviews
	Primo Burgers Phone: (661) 722-2786 42157 50th St W, Quartz Hill, CA 93536	4.16 miles	4 Reviews
	Don Juan Mexican & Seafood Phone: (661) 722-6160 42142 50th St W, Lancaster, CA 93536	4.18 miles	17 Reviews
	Don Jaun Mexican and Seafood Phone: (661) 722-6160 42142 50th St W, Quartz Hill, CA 93536	4.18 miles	1 Reviews
	Clasico Taco's & Pizza Phone: (661) 943-2559 42263 50th St W, Quartz Hill, CA 93536	4.23 miles	6 Reviews
	Wienerschnitzel Phone: (661) 718-0433 42741 45th St W, Lancaster, CA 93536	5 miles	2 Reviews
	Captain Tony's Pizza & Pasta Emporium Phone: (661) 722-1445 42741 45th St W, Quartz Hill, CA 93536	5 miles	2 Reviews
	Del Taco Phone: (661) 943-3072 4131 W Avenue L, Lancaster, CA 93536	5.26 miles	6 Reviews
	Le Chene Phone: (661) 251-4315 12625 Sierra Hwy, Agua Dulce, CA 91390	6.25 miles	57 Reviews

Banks

Bank of America Phone: (661) 943-8927 4165 W Avenue L, Lancaster, CA 93536

5.27 miles

1 Reviews

Gas Stations

	Arco Ampm Phone: (800) 322-2726 42420 60th St W, Lancaster, CA 93536	3.7 miles	1 Reviews
	Minute Serve Drive Through Dairy Phone: (661) 943-3814 41948 50th St W, Lancaster, CA 93536	4.05 miles	1 Reviews
	76 Station Phone: 42344 50th St W, Quartz Hill, CA 93536	4.35 miles	2 Reviews

Golf Courses

There are no Golf Courses within 5 miles radius from this property.

Hospitals

There are no Hospitals within 5 miles radius from this property.

This is #1 of a 9-part series highlighting new and/or updated laws as of the closing of the October 2009 legislative session affecting buyers, sellers, and real estate agents in California.  Subscribe to this blog so you won’t miss the rest of the series!

Assembly Bill 957 – Signed into law by Gov. Schwarzenegger on October 11, 2009 and stays in affect until January 1, 2015 is known as “The Buyer’s Choice Act.”

Before we go into the purpose of The Buyer’s Choice Act, let me give you a little of the back-story …

The process of buying a bank-owned (REO) property can be stressful on buyers here in the Palmdale / Lancaster area. During a time in which most foreclosure buyers think that they should have all the control – Hey, it’s a Buyer’s Market, right?! – when they actually get into the process of negotiating an offer on the home they’ve decided on they realize that they don’t have as much power as they thought …

The actual process of the REO home purchase is a topic for another post, but let’s just say that the bank likes to play hardball and twist some thumb screws with their pages of additional addenda to the California Residential Purchase Agreement. Part of the fine print usually defines which companies the bank wishes to use for escrow and title services.

The REO Seller has most likely chosen these services for the following reasons:

• The escrow and title fees have been negotiated upfront. Due to large volume the escrow and title companies have given the REO seller a discount.
• The escrow and title officers have been trained in the systems and procedures of the REO seller. Banks have a large amount of foreclosures that they are working with, so to keep the processes easier and uniform they like to make sure that every file will be handled the same way and all the necessary internal forms are used.
• REO departments like to have a single point of contact. One stop for all the REO files is much easier to keep track of for them.

Now, the problem we are running into here in Palmdale and Lancaster, is that 9 out of 10 bank-owned sales are placed into escrow with a company that are far from local. This sometimes makes it harder for agents and buyers of the REO properties to get paperwork to escrow or for the buyer to go into the escrow or title office to sign loan documents. This has also made a huge impact on the local Antelope Valley escrow and title offices. Many of the smaller escrow companies went out of business in the last couple of years since the real estate bubble burst and even the larger companies have either closed or consolidated their Palmdale and Lancaster branch offices. This has caused several job losses here in the Antelope Valley!

So, I told you that story to tell you this one …

It has long been California law that the choice of escrow and title services are to be negotiated by the buyer and seller as part of the offer/counter offer process. Although some agents may say that the buyer doesn’t have the choice, that has never been the case. The problem has been that some REO sellers that are not familiar with California law are telling buyers, through their pre-printed addenda, that they have no choice … It’s either the bank’s way or the highway!

The purpose of The Buyer’s Choice Act is to prevent the REO buyer from feeling like they are being strong-armed into using services they may not wish to use. The Act requires that the REO seller provide a disclosure to the buyer stating that the buyer has the right to request that other escrow and title services be used. The Act does NOT hand the control to the buyer and force the seller to use the buyer’s preferred escrow and title services – This would be just as bad.

So, does the Buyer’s Choice Act really help the buyer? Possibly … It will require that the REO agent disclose that the buyer can negotiate their own escrow and title services BUT the REO seller still has the right to tell the buyer to go pound sand!

My personal opinion is that the Buyer’s Choice Act was lobbied for by the escrow and title companies that were losing business because they weren’t able to strike a deal for the foreclosure business that some other companies did … I can’t say that I blame them. I miss using my local escrow and title officers too! This may help bring some business back to the local Palmdale and Lancaster businesses (and that would be a good thing!) but the bottom line is, that in this age of the Internet, e-mail, digital signatures, overnight deliveries, etc. it truly doesn’t matter where a company is located – what matters is that they do their job and work with the agents, buyers, and sellers to get the REO sale closed!

What do you folks think? Let’s discuss it in the comments below!