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littleton: 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)
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littleton: 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)
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littleton: Buying a Foreclosure - 03/10/10 11:46 AM
Most people think that buying a foreclosed home is a good deal. But what is a good deal? If looking at many foreclosures, putting in many offers which many are rejected, no FHA available financing, many repairs required and the lender selling the home as is looks like a good deal then foreclosures are for you.
A lot of my buyers over the last several years start out wanting to look at foreclosures and distressed properties but end up buying a home from a regular seller or a fix and flip investor. I was at a seminar yesterday and was … (3 comments)
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littleton: Littleton Colorado Real Estate Market and Selling Your Littleton Home - 03/09/10 04:05 PM
Some might think that the market is bad but I have been selling Real Estate in the Littleton market for years and prices are stable. Sure we have all seen that foreclosure in our neighborhood go for what seems to be next to nothing but the truth is, a home in good condition still is going for top dollar and selling within a reasonable amount of time.
If your thinking of waiting to move into a bigger home and are thinking it is better to wait just remember the real estate market usually goes up in percentages so if you … (0 comments)
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Paul Gruber CRS, e-PRO
Littleton,
CO
More about me…
The Edge Group Inc
Address: 7138 W Roxbury Ave, Littleton, CO, 80128
Office Phone: (303) 980-0799
Cell Phone: (303) 886-5991
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