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bank owned: Banks...We Got Your Money, We Won't Lend it to You, And Now, We're Comin' After Ya' - 02/03/10 03:22 PM
Folks:
I am far from a populist. I am Reagan Republican. However, you knew you would see this coming with the banks.
When working a short sale, I ensure the bank puts the non-recourse in writing, or make sure the clients document I advised them to seek a lawyer's opinion about the potential risks of recourse (or that they willingly chose not to).
Well, here comes the first of the deficiency judgments...
http://finance.yahoo.com/news/Mortgage-lenders-pursue-cnnm-3107909798.html?x=0
Michael
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bank owned: Media Malpractice - Did I Miss How to Report Truthfully in School? - 02/25/09 05:23 PM
Every month, I put together the "Mile High Stats" from MetroList in Denver. You can see those charts here. http://images.agentcenter.com/client/4/3/9/23934/2009.01_Blog_Information_Word_2003.pdf
The first chart is something that is the MOST important for the entire group of readers. Though nobody knows the future, I am disgusted - yes, disgusted - with the fear of the unknown and the lack of economic insight offered by the media.
The first chart relates to the unemployment rate in the US since 1948 -- 60+ years. The chart shows how unemployment seems to peak around 8.0%. Given how dire prognostications have been, this time it might be … (2 comments)
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bank owned: Market Trend Analysis - Denver Metro Selected Towns/Cities - 02/03/08 04:04 PM
Dear Readers:
Wow! The data this month really signifies a sea change!
Why?
There are three factors in the data that indicate Denver has a very favorable outlook in residential real estate:
Continually strong sales activity, drawing down existing resale inventory - a 1,838 listing reduction in the month of January alone This should jump back up as previously frustrated Sellers become encouraged and re-list their homesHowever, sales activity continues above the 12 trailing month average rate. In January, one would have expected essentially one week's worth of activity to dry up due to the mid-week New Year's holiday - which people seemed … (1 comments)
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bank owned: Denver Real Estate Market - Market Conditions As of February 3, 2008 (Current Month) - 02/03/08 03:13 PM
Dear Readers:
Wow! The data this month really signifies a sea change!
Why?
There are three factors in the data that indicate Denver has a very favorable outlook in residential real estate:
Continually strong sales activity, drawing down existing resale inventory - a 1,838 listing reduction in the month of January alone This should jump back up as previously frustrated Sellers become encouraged and re-list their homesHowever, sales activity continues above the 12 trailing month average rate. In January, one would have expected essentially one week's worth of activity to dry up due to the mid-week New Year's holiday - which people seemed … (0 comments)
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bank owned: Michael Clarkson - Mile High Home Hunter - Interviewed for Denver Business Journal Article - 02/03/08 03:10 PM
Folks:
I wanted to share that I was interviewed by the Denver Business Journal for an article that Paula Moore was doing called: Investors Find Opportunities in Homes Lost to Foreclosure.
In the article, there seems to be a general concensus that the local market is picking up significantly. I would agree that the data is telling me that as well. What is surprising is there appears to be a perfect storm getting ready to happen:
Low ratesUnder supply of for sale homesOver supply of buyers (due to the in-migration into Colorado)Builders cutting back on inventory homesBuilders going out of businessForeclosures being held more … (0 comments)
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bank owned: Denver Real Estate Market - Market Conditions As of January 2, 2008 (Current Month) - 01/06/08 06:16 PM
This month showed continuing improvement in the selected markets shown below, which bucks the "conventional" wisdom from much of the local media.Last month, there were 10 Seller's Markets, 3 Neutral Markets, and 4 Buyer's Markets; THIS MONTH, there are 13 Seller's Markets, 3 Neutral Markets and 1 Buyer's Market. This was most notably influenced by a 12.7% drop in active listings, with sales levels being comparable - if not entirely even - with prior months' levels. As a result, the Denver MLS (MetroList) showed a 12.7% improvement from last month.Although the specific cause for this was not investigated, it is logical … (0 comments)
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bank owned: News Alert from MileHighHomeHunter.com - 12/29/07 08:35 AM
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bank owned: Colorado leads the nation in foreclosures! - 03/24/07 11:24 AM
Colorado leads the nation in foreclosures!
From Hot To Not: Colorado Now Leads Country In ForeclosuresColorado's foreclosure picture bleak, firms saySpecial Report: Foreclosing on the American Dream
These are some of the more sensational headlines I have seen recently. Click 'em! They are real links!
Regrettably, many of the journalists are missing the boat or just plainly trying to sell newspapers. Many are not educated about real estate, many more are plainly, simply not completely informed.
Just like I wouldn't have Simon Cowell be on the review committee of the Nobel Peace Prize, I wouldn't permit a journalist to be the … (0 comments)
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Michael Clarkson
Castle Pines North,
CO
More about me…
Snow Coast Real Estate
Address: PO Box 620519, Littleton, CO, 80162
Office Phone: (424) 249-9736
Cell Phone: (720) 980-6393
Email Me
Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in Realtor® Magazine three separate times, Denver Post, Denver Business Journal, KOA Radio, KHOW Radio, and the Colorado Radio Network. Michael is a licensed Managing Broker in Colorado and a GRI (Graduate Realtor® Institute). Michael has an MBA in International Business from Regis University in Denver.
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