Home Equity Lines of Credit- A thing of the Past? - 01/04/10 03:15 PM
Home equity lines of credit have been very popular in the last 10 years or so.  People found it a wiser financial decision to borrow against their home than to charge their credit cards and a good way to get some cash.  Banks were encouraging this behavior and advertising home equity lines of credit available.  Home owners "cashed out" their equity to remodel, pay off credit cards, buy new cars etc.  Because lines of credit are mortgages they are tax deductible.  This seems like a wise decision but with the financial difficulties facing millions of home owners today this has become … (1 comments)

Green Bay Packers in the playoffs! - 01/04/10 03:12 PM
Grab your brewskies and beer brats for the first round of play off games.  The Green Bay Packers will be playing the Cardinals next week Sunday at 4:40 ET.  Just remember to grill your brats then simmer in 2/3 beer and 1/3 water (oh and throw an onion in).  Or is it simmer then grill?  That is the question... Go Pack Go!
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Got $$?-Good time to buy a luxury home - 01/04/10 03:07 PM
Good news for Denver's overall housing market show signs of improvement in the last couple of months.  However, the number of high end homes going into foreclosure is rising.  Obtaining financing in general is harder for buyers these days and even harder for buyers trying to qualify for jumbo loans.  A jumbo loan is any loan over $417,000.  The whole high end market as a result is affected negatively.  So, if you are a high end buyer it may be a great time to get a deeply discounted deal!
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Village Homes files for Chapter 11 - 01/04/10 02:55 PM
Englewood based Village Homes filed for Chapter 11 bankruptcy protection in November 2009.  Since then 2 real estate companies have teamed up to buy Village Home's assets for $21.9 million.  The companies are Homebuilder Capital Solutions, an affiliate of Colorado and Santa Fe Real Estate and Lowe Enterprises.   One reason for a depressed market for new construction is that is has been hard for builders to obtain financing.  Chairman and chief executive of Colorado and Santa Fe, Marcel Arsenault, believes that it is a good opportunity for them because banks know and trust them.  This new ventures first goal will be … (2 comments)

 

Katie Graham - Denver Real Estate

Denver, CO

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Cherry Creek Properties, LLC

Cell Phone: (720) 299-6612

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Katie4Homes blog for the latest in real estate news and analysis of the Denver Real Estate market. Katie Graham is a licensed real estate broker with Preferred Properties, INC. She holds an active real estate license in the state of Colorado.


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