As Time Runs Out On The Tax Credits....Did You Know? - 04/26/10 11:11 PM
Did you know that:
1) You don't have to actually be a first time home buyer to qualify for the tax credit?  Even though you've owned a home in the past 3 yrs., as long as it was not your primary residence, which means you could have it rented out, your still may qualify.
2) If you owned a primary residence outside of the United States in the past 3 yrs., you still may qualify?  Read more........
3)  Members of the military, certain other federal employees, and the intelligence community have an extra year in which to qualify for the First Time … (4 comments)

Broadlands Open House Sun., April 25 Noon to 3 p.m. - 04/24/10 10:31 PM
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Your House is NOT Your Life! - 04/24/10 08:59 PM
This may sound strange coming from a realtor whose living is made by assisting buyers and sellers with their real estate needs, but I was reminded today while showing houses to my buyer that, "Your house is NOT YOUR LIFE!"  Perhaps there are more things of greater value that we need to spend our money on other than the biggest and nicest house we can find.  Like family outings, our charities or churches, vacations for two for you and your significant other, parents as they grow older......and the list goes on and on.  I think that one positive "thing", for lack … (5 comments)

Sellers Like the New HAFA Program - 04/23/10 12:25 AM
Why Do Sellers Like the New HAFA Program?
* They will avoid foreclosure which will enable them to receive financing quicker for purchasing a   replacement home
* Sellers Like the New HAFA Program because the terms are preapproved
* They will not be expected to contribute any funds toward the short sale
* Leinholders cannot subject sellers to a possible deficiency judgment in the future
* Up to $3000 in moving costs allocated to seller
* Insurer of the mortgage cannot collect additional funds from seller
* Foreclosure procedure will be stopped while short sale in process
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April 2010 Newsletter - 04/23/10 12:10 AM
                      Homebuyer Tax Credits Coming To An End
There are no signs of the First Time Homebuyer and Repeat Homebuyer Tax Credits being extended past April 30th. In order to qualify for what is probably your last chance at this tax credit, you must be under contract by April 30th and close by June 30th. The tax credit limits are up to $8000 for First Time Homebuyers who have not owned a home in the past 3 yrs. and up to $6500 for Repeat Homebuyers who have lived in their home for at least 5 consecutive years out of the past … (1 comments)

You May Qualify for the Home Affordable Foreclosure Alternatives Program (HAFA)? - 04/11/10 10:15 PM
Who is Eligible for the HAFA (Home Affordable Foreclosure Alternatives) NOTE: A homeowner does not have to apply for the HAMP program in order to be considered for the HAFA program.
Anyone who qualified for the loan modification program, can qualify for HAFA 
The property must be the principle residence of the homeowner. An exception is where the homeowner had to vacate the property for no more than 90 days prior to the Short Sale Agreement (SSA), Alternative Request for Approval of Short Sale (RASS) or Deed-in-Lieu (DIL) of Foreclosure Agreement for relocation of a new job which was at least … (2 comments)

Loan Modification (HAMP) program didn’t work for you? Perhaps the new HAFA program will. - 04/10/10 08:30 PM
What is HAFA?  It stands for Home Affordable Foreclosure Alternatives.  It became effective April 5, 2010.
What is the purpose of HAFA?  It's to offer other alternatives to foreclosure if the homeowner fails to qualify for, is not accepted into or defaults once they are in the HAMP program.  The two additional options are that of a Short Sale (SS) or Deed-in-Lieu of Foreclosure (DIL).  These two options have been standardized and streamlined, so homes won't sit empty for long periods of time, which will help preserve the condition and the value of the property.    
What is a Short Sale?  … (1 comments)

Vista Ridge Golf Course Community with Panoramic Mountain Views - 04/09/10 02:25 PM
Vista Ridge in Broomfield offers more upscale living with a gorgeous view of the Rocky Mountain front range and at a reasonable price. Homes are widely priced from the mid $200,000 range all the way up to the $700,000 range. There is something for everyone at Vista Ridge.
Many markets today are filled with foreclosure homes, but not Vista Ridge, as of this writing anyway. There are a few short sales popping up here and there, but not an overwhelming amount, again as of this writing. Finding a more stable market today is both challenging in that they are hard to … (0 comments)

Sellers What You Should Know About Short Sales - 04/09/10 12:46 PM
Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through … (0 comments)

What Buyers Need to Know About Short Sales - 04/09/10 12:39 PM
Thinking of Making an Offer on a Short Sale? What You Need to Know
Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? That's true, but it pays to know a little about the seller's situation before you make an offer.
If a home is being sold for below what the current seller owes on the property-and the seller does not have other funds to make up the difference at closing-the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a … (0 comments)

Wells Fargo Short Sale Timelines - 04/09/10 10:38 AM
I found this Wells Fargo Short Sale information and if a short sale goes according to this schedule it would be fabulous!  It says that when the complete application info. is received, that it goes to a negotiator within 3-4 days. 

Wow, if that is really how it works that would be fantastic!  I have not had a short sale yet involving Wells Fargo, so I will have to reserve my opinion on this timeline until that happens.  But it is certainly hopeful and a step in the right direction.
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I Love People! - 04/07/10 11:01 PM
I am always so surprised at how many wonderful people I meet in real estate and who many there are in this world.  My clients and potential clients bring so much joy into my life!  I cannot count the times when I meet a potential client for the very first time, and I feel like I have known them all my life.  There's really a connection there.  Oh, once in a while a wrench gets thrown into my philosophy on this, but it usually disappears after I get another great client.  And that doesn't take long to happen.  There are really a lot of great people … (2 comments)

Remodeling by MichaelJamesEnterprises in Denver CO - 04/02/10 12:23 AM

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Sellstate Realty Foreclosure Inventory Increases - 04/01/10 01:20 PM
Sellstate ACE Realty historically is one of the leading companies in the Denver Metro area that has a nice long list of foreclosures for homebuyers to choose from.  Inventory has dwindled over the past months.  No one was sure why.  Homeowners were still getting their NED's (Notice of Election and Demand) notifying them that they were being foreclosured on, so why the decrease in inventory?  It appeared they either weren't going to sale as scheduled or they did go to sale, but were not being relisted for resale.  It seemed to me that there must be a huge backlog of foreclosures just … (1 comments)