When buying a new built home, some buyers skip the professional home inspector and the sewer scope. My experience this week proves why it’s important to get a sewer scope even on a new built home. My buyer was wondering if having a sewer scope on his new built home was necessary – after all,… [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]