REO and HUD Talk
Examples Of Short Sale Financial Hardship Letters
March 25th, 2010 Categories: Buyer's Corner, Market Conditions, REO and HUD Talk, Selling Thoughts, Trends
Yes, we can help! Short sales are increasingly common as new government acts have passed to find alternatives to foreclosures. You are not alone. The economy is tough in Boulder Colorado and elsewhere; people are losing jobs and it’s been a difficult time in real estate as property values have dropped below mortgages owed on [...]
Written by Julie Johnson | Discussion: 2 Comments »
What You Need To Know About A Short Sale
March 10th, 2010 Categories: Buyer's Corner, Market Conditions, REO and HUD Talk, Selling Thoughts
What is it when a seller’s lender agrees to accept a lower amount for a property than is owed?
Yes…a short sale.
This is big real estate news in Boulder Colorado and throughout the country. If the owner of a home has an outstanding loan/lien that is greater than the value of the home and they are in [...]
Written by Julie Johnson | Discussion: No Comments »
Foreclosure Verses A Short Sale
March 7th, 2010 Categories: Boulder Subdivisions and Neighborhoods, Buyer's Corner, Market Conditions, REO and HUD Talk, Selling Thoughts
A short sale is when the real estate sale proceeds fall short of the balanced owed on the property’s loan. This happens when the borrower is unable to pay their property’s mortgage. Instead of penalizing the mortgagor, the lender agrees to sell the property at a moderate loss. This is an advantage to both parties as it [...]
Written by John Vaughan | Discussion: No Comments »
New Family Cabon Monoxide Saftey Act in Colorado
June 25th, 2009 Categories: Buyer's Corner, Colorado Round Up, First Time Buyers, Home Inspections and Maintenance, REO and HUD Talk, Uncategorized
My friend is always asking me to “check” my carbon monoxide detector in my house and I said “I do”! The simple answer is, I look over to see that the red light is still on and that no one is sick yet! Sounds a bit frivolous, but I don’t remember having a [...]
Written by Karen Cifala | Discussion: No Comments »
Avoid Foreclosure and Foreclosure Scams
March 26th, 2009 Categories: Buyer's Corner, REO and HUD Talk, Trends
Did you know that foreclosure is not the only option to help homeowners struggling to make payments. The Federal Trade Commission outlines the following options:
Reinstatement – the borrower pays the entire past due balance plus late fees and penalties by an agreed upon date.
Repayment Plan – the lender gives the borrower a fixed amount [...]
Written by Ro Troia | Discussion: 2 Comments »
Stimulus or Depressant – What Do You Think?
February 20th, 2009 Categories: Buyer's Corner, Market Conditions, REO and HUD Talk, Trends
We have all been reading and hearing about all the bail out bills and the latest $75 billion to aid homeowners at risk of losing their homes.
I found this clip on CNBC which is entertaining and might be right on. Watch and tell me how you feel. See Rick Santelli take down Cramer!
Written by Ro Troia | Discussion: 2 Comments »
10 Ways To Better Sex In Boulder Colorado!
September 12th, 2008 Categories: Buyer's Corner, First Time Buyers, REO and HUD Talk
Yes I know…what a deceptive way to attract readers to my Boulder real estate blog but how else do you dress up the process of obtaining an FHA/VA loan in a smooth manner? In Part I of my blog, Uncle Sam Passes Housing Stimulus Bill , I summarized what the new FHA reform laws mean for all of [...]
Written by John Vaughan | Discussion: 2 Comments »
Uncle Sam Passes Housing Stimulu$ Bill
August 25th, 2008 Categories: REO and HUD Talk
The Housing and Economic Recovery Act of 2008 was made official on July 30, 2008. This housing stimulus bill passed the House and Senate by overwhelming numbers and President Bush was quick to follow suit. Hopefully these changes will help jump start the slumping housing market but some feel it is too little too late. Regardless, there are [...]
Written by John Vaughan | Discussion: No Comments »
Don’t Let the Cat out of the bag
August 21st, 2008 Categories: Buyer's Corner, First Time Buyers, Home Inspections and Maintenance, Market Conditions, REO and HUD Talk
When purchasing a home it is very important to have the home inspected for possible issues that might come up in the future. Many people do not realize the importance of a home inspection until it is too late. But there are other reasons to have a home inspection done especially when you are dealing with [...]
Written by Chris Boyers | Discussion: 2 Comments »
How to haggle with the bank
July 17th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, REO and HUD Talk, Trends
If you are purchasing property these days I’m sure that you have stumbled upon a REO or lender owned/ bank owned property in you’re searching. Here are a few tips for placing an offer on a REO/Bank owned/ Lender owned property.
Written by Chris Boyers | Discussion: 1 Comment »
