This week a historical settlement of around $25 billion was announced. The settlement includes 5 large banks/mortgage companies: Bank of America, JP Morgan Chase, Wells Fargo, Citi and Ally (used to be GMAC). This is in response to charges that the banks illegally signed foreclosure related documents without the documents being properly notarized and without… [Read More]
Which Remodeling Projects Pay Off Most?
You may have decided that instead of changing homes, you will just do some remodeling on your current home or some updating in strategic rooms. But the burning question is, which remodeling projects will give you the best return for your dollar? It’s always been my opinion that a fresh coat of designer paint will… [Read More]
Denver Mortgage Lender talks to Buyers
Vickie Hall, Denver Home Finder Service, interviews Gail LaGreca, Senior Loan Officer at Nova Home Loans. Gail gives tips on what to do or not do between loan application and closing on a mortgage loan in the process of buying a Denver metro area home. Lines of Credit, buying new items, changing jobs and moving… [Read More]
Good News for Some Delinquent Homeowners…
Good News for some delinquent homeowners.. Fannie Mae says it will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012. Just a little Christmas gift from Fannie Mae. Full Article Here If you need help on your real estate goals, give me a… [Read More]
Good Economic News For Denver
Did you know that the Brookings Institution this year named Denver as one of the fastest recovering cities in the nation? The Mountain States Employers Council Survey found that 42% of Colorado companies plan to hire new workers in 2011. As of Oct. 1, 2011 our state’s unemployment rate is 8.1%, down from 9.1% in… [Read More]
Vacancy Rates are Dropping
Did you know that the Colorado Division of Housing reported that the 2nd quarter vacancy rate for metro Denver was only 2.6%. Denver’s vacancy rate has never been lower. In my opinion, one of the reasons for the rental market to have such low vacancy rates is the number of people that have lost their… [Read More]
People’s Attitudes & Beliefs About Housing
Prudential Real Estate surveyed Americans in January 2011 and found that 86% of Americans still believe that real estate is a good investment. Do you agree with them? A Trulia survey found that 78% of homeowners say their home is the best investment they ever made. 87% of homeowners and 64% of renters agree or… [Read More]
Is Your Loan one that may face Foreclosure Review?
You have probably been hearing about some lenders not having all the necessary paperwork to justify them foreclosing on your mortgage loan. Well now federal regulators have mandated that banks review your paperwork if you request it. You must have been involved in the process during 2009 or 2010. More details below….. Daily Real Estate… [Read More]
Feds keeping mortgage interest rates low
Mortgage rates are at unbelievable low rates. The Feds are hoping to encourage the housing recovery by keeping interest rates low. “Rates on 30-year fixed-rate mortgages averaged 4.09 percent with an average 0.7 point for the week ending Sept. 22, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.” If… [Read More]
Denver Area Housing Market has lack of compelling inventory
This Denverpost article (below) confirms what I have been observing: The number of homes/condos on the market has decreased drastically – I remember not too many years ago when the inventory was in the 30,000+ numbers. But last month (August, 2011) there were 18,164 homes and condos listed for sale in metro Denver area. Normally… [Read More]
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