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foreclosures: Discrepency between real world and what media is saying about short sales and foreclosures - 11/29/11 07:45 PM
There is a great deal of discrepancy about between the real world and what the media is saying about short sales and loan modifications nad foreclosures.  A few days ago , I was listening to the Today Show and an expert was telling the stressed out public that if they are considering a loan modification or short sale that the lender is wrong to tell them that they won't do anything until they are in default.
EXCUSE ME??????  As a REALTOR, I hear nightmare stories from sellers who have been contacting their lenders daily to try to get loan modifications to … (2 comments)

foreclosures: A difficult decision - lose it all or relinquish to a "strategic default" - many more situations than those already covered! - 05/10/10 05:32 PM
The headlines in the papers and now on "60 Minutes" reflect the growing number of people who are walking away from their homes and mortgages under the "strategic default" scenario.  In today's difficult market, many of these homeowner's have made the decision to default on their mortgages....either because they owe much more than the home would sell for in this market, they have lost their jobs or for numerous other life changing reasons.
I have seen personally, where a young man is relocated due to work, has put his home on the market and after 3-4 months hasn't had a showing. … (0 comments)

foreclosures: Sales Continue to Rise for 'Real Estate owned' Property - 02/02/09 05:46 PM
I just received my weekly edition of the Denver Business Journal. It was of special interest due to the special section, "Real Estate Quarterly" and the fact that my managing broker, Lon Welsh, was featured in an article about real estate in the Denver Metro area.  There is a two page spread about what is happening in our market and I highly recommend that you read the article by going to
http://www.bizjournals.com/denver/stories/2009/02/02/focus1.html?b=1233550800^1770121 .
In the photograph, Lon is holding a map that charts the trends in each neighborhood in the Denver Metro area. It indicates the % of foreclosure sales, the appreciation/depreciation of … (1 comments)

foreclosures: Economists Forecast for 2009 - Denver, CO - 01/29/09 09:43 PM
2009 Denver Metro Area Economic Forecast
 
On Tuesday, January 27, 2009, I had the opportunity to attend an economic forecast session sponsored by the Jefferson County Association of Realtors. Ted Jones, Senior VP and chief economist at Stewart Title and Patty Silverstein, President, Development Research Partners of the Denver Metro Chamber of Commerce were the speakers.
 
Some of the key points regarding the general economy:
Oil prices will increase again within 36 months, to $4 or $5 per gallon for gasoline. In 2009, the average thirty year mortgage rate (conforming) will be around 4.9%. Inflation will head upwards in … (0 comments)

 
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Emelyn Morris-Sayre, CRS, REALTOR Lakewood/Denver 303-517-5116

Lakewood, CO

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The Berkshire Group

Address: 3801 E. Florida, Ste 400, Denver, CO, 80205

Office Phone: (303) 582-3200

Cell Phone: (303) 517-5116

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