Short-Sale Incentives Start April 5th - 03/31/10 09:17 AM
Short-Sale Incentives Start April 5th Potential buyers of short-sale homes might consider waiting until April 5th before making a formal offer.That's the date the federal government will begin offering lenders financial incentives to hasten the process. Under the new rules, banks will seek a BPO before the property is listed for sale and let the sellers know a minimum number they are willing to accept. If the sellers bring a buyer with a good offer, the lender must accept it within 10 days.Not all sellers are eligible for the program, dubbed the Home Affordable Foreclosure Alternatives (HAFA), but enough are that it … (10 comments)

For the first time in three years, home prices in the Denver area showed an increase - 03/20/10 09:51 AM
For the first time in three years, home prices in the Denver area showed a year-over-year increase in the latest S&P/Case-Shiller Home Prices Index.
The report from Standard & Poor's, released Tuesday, reported home sales prices for November 2009. Out of 20 U.S. cities in the latest Case-Shiller Index, Denver was one of just four that showed a year-over-year increase in prices.
Denver-area home prices rose 0.5 percent between November 2008 and November 2009. The last time Denver saw a year-over-year price increase was in November 2006, according to a Denver Business Journal analysis of Case-Shiller data; it had 36 straight months … (0 comments)

"New underwriting guidelines A laugh for mid-week... - 03/03/10 06:54 PM
New Underwriting Guidelines effective 3/01/2010 - - JUST A JOKE (for now...)* All Borrowers' Birth Certificate will be required with Pictures taken in the hospital with medical staff. Birth certificate with a live home delivery will not be eligible for first time home buyers.* Marriage certificate with bridal dress will be required if both husband and wife are required to qualify for the loan* GFE will not require signature but will require blood sampling from a recognized institution within three days of application* DNA test will be performed at closing to avoid any ARM length transaction. Loan funding will be contingent … (3 comments)

 
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Dale Davis

Denver, CO

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First Option Lending

Address: 2000 South Colorado Blvd, Second Floor , Denver , CO, 80222

Office Phone: (303) 803-1900

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