Why is someone taking a picture of my house? - 02/28/11 12:06 PM
I have had a few of my clients call me lately in a fluster saying that someone is taking a picture of their home and they are concerned and upset as they were not told this was going to happen.
Usually the person that is taking a picture of your home is an Appraiser doing a drive by Appraisal or a Realtor doing a BPO (Broker Price Option). Most of the time this happens when you are behind on your mortgage and trying to do either a Short Sale or a Loan Modification. In most cases this happens in the latter … (3 comments)

FHA raises mortgage insurance premium and may hurt Denver Metro home values - 02/24/11 11:55 AM
The FHA is boosting the annual mortgage insurance premium charged on its home loans, a move that will increase the cost of an average FHA mortgage by about $30 a month.
Effective April 18, the FHA is increasing the annual mortgage insurance premium (MIP) on 30- and 15-year fixed-rate mortgages by 25 basis points, or one-quarter of one percent of the total loan value. The action is intended to help replenish the agency's capital reserves, which have been depleted due to losses on bad loans in recent years.   The move almost immediately implements one of the Obama administration's recommendations for … (2 comments)

FHA raises mortgage insurance premium and may hurt Denver Metro home values - 02/24/11 11:48 AM
The FHA is boosting the annual mortgage insurance premium charged on its home loans, a move that will increase the cost of an average FHA mortgage by about $30 a month.
Effective April 18, the FHA is increasing the annual mortgage insurance premium (MIP) on 30- and 15-year fixed-rate mortgages by 25 basis points, or one-quarter of one percent of the total loan value. The action is intended to help replenish the agency's capital reserves, which have been depleted due to losses on bad loans in recent years.   The move almost immediately implements one of the Obama administration's recommendations for … (1 comments)

Should I consider a Deed in Lieu, Short Sale or just go the Foreclosure route in Colorado? - 02/22/11 12:55 PM
Deed in Lieu:
A deed in lieu of foreclosure is where you deed your property to the lender in exchange for being forgiven the entire amount of the mortgage. The lender then sells off the property in order to retrieve as much of the unpaid mortgage amount as they can. In my Real Estate career I have only seen a Deed in Lieu accepted by a Mortgage company as Colorado is deficiency state. The transaction was with an estate sale so I understand why the mortgage company did the Deed in Lieu as the deceased person didn't have any assets or … (1 comments)

 
Paul_re_tought

Paul Gruber CRS, e-PRO

Littleton, CO

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The Edge Group Inc

Address: 7138 W Roxbury Ave, Littleton, CO, 80128

Office Phone: (303) 980-0799

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