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foreclosure: REO Manager...Would YOU buy this? - 12/15/06 12:59 PM
Foreclosures are dominate in the market these days. You don't need a special map or even an address to pick them out of the neighborhood. All you need to do is drive down the street with your eyes open. They will pop out at you.
Why? There is a "look" a foreclosure has, a sad neglected, nobody loves me type look. Why? Because nobody loves them, that's why. The investors or management companies in charge of them just aren't paying attention. Instead of sprucing up the properties with some basic tender care, they are throwing them on the market "as is" thinking … (36 comments)
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foreclosure: Let's Compare My Apples to Your Oranges... - 11/30/06 12:47 AM
Foreclosures are a hot topic these days. Some people say Colorado is #1 in foreclosures, others say it's not so! Who do we believe and why?
The Denver Business Journal featured a good story on this very topic, "Is Colorado really worst in foreclosures?" The answer to this question is, "It Depends who you ask!"
Who Keeps the Stats on Foreclosures?
There are three sources on Colorado foreclosure statistics. What is surprising is none of them agree! RealtyTrac out of Irvine, California has given Colorado the dubious distinction of being the #1 State for foreclosures for 8 months straight! The folks at the Mortgage … (11 comments)
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foreclosure: The Investors are coming, The Investors are coming... - 11/13/06 06:15 PM
Years ago in a different market, I lamented to an REO manager, "When is the market going to turn around? Will we ever get rid of these foreclosures?"
At the time, his encouraging words fell on very desperate ears. He said to me, "Prices will continue to drop to a point, when it will become so attractive, the investors will come. When they come, they will buy. When others seeing them buy, more will buy. Next thing you know you will work yourself out of selling REO's."
He was right.
In Denver our prices haven't dropped very much, if at all. We have a record … (25 comments)
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foreclosure: Foreclosures...What the Public Perceives - 11/02/06 09:39 AM
Foreclosures...What the Public PerceivesColorado has a high number of foreclosures. As always it is important to know why this has happened and what we can do to fix it. The Denver Business Journal runs an informal survey of what readers are thinking. I find it rather curious...let me explain.
First an important category was left off; builders. New home sales have a huge influence in the market, homes are sold with huge incentives to the purchasers, while these incentives appear to be "free" are in fact built into the price of the home. Many homeowners find themselves having to stay in the home longer than they planned simply … (39 comments)
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foreclosure: Foreclosure Hotline...need help...call now. - 10/12/06 10:19 AM
Denver Colorado Real Estate Issues
Facing Foreclosure in Colorado?...Call for help
Colorado launched a Foreclosure Hotline this week. It's purpose is to assist people who are delinquent on the mortgages. Counselors will act as intermediaries between homeowners and lenders, to work out a game plan, help organize finances, avoid scams, reduce potential liability and possible sell or keep the home.
If you are delinquent on your mortgage payments, please call for help. The number is 1-877-601-HOPE (4673).
Irony in action
The Foreclosure Hotline is expected to cost $300,000- $500,000 over the next two years. It is being funded in part, by the Division of Housing. Additionally the Attorney … (19 comments)
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foreclosure: Facing Foreclosure? Don't walk...call for help. - 08/19/06 11:02 PM
In troubled times homeowners sometimes go into denial, thinking if the situation is ignored, it will go away. The fact is, if you are having trouble making your mortgage payment sooner or later you will have to face up to the situation. It's best you face up to it as soon as possible.
Consulting a real estate professional is a good place to start. Perhaps with some help and planning you can get your home sold and avoid a foreclosure and further negative remarks on your credit report.
How can a REALTOR help?
If you have equity in your home (the difference between … (6 comments)
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Kristal Kraft ~Denver Real Estate~720-279-4599
Denver,
CO
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The Berkshire Group Realtors
Address: 3801 E. Florida Avenue Suite 400, Denver, CO, 80210
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