mortgage: Appraisers "FUDGING" The Wrong Way Court Banks At Public Expense - 01/17/08 01:26 AM
 "INSERT EQUITY HERE!"
We all know there has been some terrific controversy concerning some of the less reputable appraisers that inflated values during the recent market in order to obtain value that just wasn't there.
There are some appraisers that are still riding that last wave until someone stops them...AND THEY WILL. I see several license suspensions on the Colorado Department of Regulatory Agencies web site for both licensed appraisers and real estate professionals.
If I were an appraiser, you can bet that I would be as fair as I could by using viable comparable and actual, documented information pertaining to the properties that … (11 comments)

mortgage: NEW NON-COMMITTAL PRE-QUAL LETTER FOR LENDERS...Funny! - 11/27/07 01:37 PM
I have been receiving some offers on my listings lately that seem to have strong pre-qual letters attached, but as we progress through the transaction, I find that many deals are falling apart due to the lender's loss of programs, stricter underwriting guidelines, and general change in program guidelines that has occured as a result of the recent "scare" we keep hearing about. So, to ease the awkwardness in our relationship with our beloved lenders, I have devised this special non-committal pre-qual letter that says everything and amounts to nothing. That way, we have something to present at offer and can't … (7 comments)

mortgage: Knowing Financing Options is Essential - 05/20/07 08:32 PM
One thing I notice as I embark on my exciting first year as a Broker/Owner is that many agents, even seasoned agents, have not taken to the practice of keeping up on financing options for their buyers.
Early on, I found that if I kept abreast of all the available bond programs, first time buyer incentives, bank statement programs,credit score driven loan programs (no doc, reduced doc, no income/asset), no debt ratio programs, etc...that if a prospect would give me an objection about why they haven't gone house shopping lately,and it was due to lack of financing options, I'd know what was out there for them.
Today, one … (1 comments)

 

Lania DeMers, Broker Rocky Mountain Realty Co.

Colorado Springs, CO

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Rocky Mountain Realty Co.

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