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colorado: The Mortgage-Savvy Realtor - 03/12/07 07:27 PM
I'm sure that your clients may have surprised you in the past with a lending question that you never expected. In this new economic climate, with Colorado topping the nationwide list of states with the most foreclosures, it doesn’t hurt to be informed on what to expect from as a buyer from a lending standpoint. As a Realtor you don't have to know everything in regards to mortgage programs, but it since most sub-prime lenders are curtailing operations or out of business, the lending picture has changed drastically. In Colorado, we had no licensing until the beginning of this year, which … (4 comments)

colorado: Colorado Springs Real Estate - 02/06/07 08:56 PM
 
The real estate market in Colorado Springs is, contrary to recent headlines, in excellent shape. The much-hyped factoid that Colorado is leading the nation in foreclosures is due directly to our "deed of trust" and Clerk & Recorder process. When someone fails to pay their mortgage (or deed of trust in this state) the law compels the Clerk and Recorder to initiate the foreclosure process immediately. The process will likely take another 4 to 6 months, and the property will likely be sold or "redeemed in this period, but nonetheless it is counted as a foreclosure. In other states, the mortgagor … (1 comments)

 

Jose Luis Ramirez

Colorado Springs, CO

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5 Star Mortgage, Llc

Office Phone: (719) 597-7999

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Jose Luis Ramirez's ramblings on mortgages, real estate, the Colorado Springs market, and other simple thoughts that pass through the mind.


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