denver avoid foreclosure: Did Loan Modification Programs Actually Work? - 03/25/11 06:36 AM
Denver home owners will be interested in a recent Keeping Current Matters article, which discussed the outcomes of the federal government's Troubled Asset Relief Program (TARP). TARP was, in part, funded to help maintain house values in the wake of the nation's economic crisis. The program was intended to help avoid foreclosures, after it was determined that the US economic market would be unable to manage the number of foreclosures that were happening.
Regarding real estate, TARP funds were to be used “…in a manner that protects home values, college funds, retirement accounts, and life savings; preserves home ownership … (1 comments)

denver avoid foreclosure: American Humane Association's Tips for Pet-Owning Homeowners Facing Foreclosure - 02/11/11 11:04 AM
The physical and emotional difficulties often suffered by Denver homeowners dealing with the foreclosure process can be compounded when the additional dilemma of what to do with family pets is thrown into the mix. As mentioned in a previous blog, No Paws Left Behind is a Houston-based organization which performs “foreclosure animal rescue,” saving and sheltering animals who are abandoned by their owners. Here are some additional tips and important things to remember from the American Humane Association:
Don't leave your pets behind if you must vacate your home. They can't survive on their own if you leave them in the … (1 comments)

denver avoid foreclosure: National Non-Profit Helps Silent Victims of America's Foreclosure Crisis - 02/04/11 09:43 AM
When Denver homeowners think about foreclosures, abandoned animals are likely not the first thing that comes to mind. An organization called No Paws Left Behind (NPLB), based in Houston, TX, recently announced its 1,000th “foreclosure animal rescue.” Over 1,000 abandoned pets have been successfully rescued and placed in "no kill" shelters, where foster care is provided until adoptive families can give them a good home.
As the number of foreclosures across the country has increased and upset the housing market, many homeowners have been faced with the trauma of leaving their homes. Often, they lack the financial means … (0 comments)

denver avoid foreclosure: Colorado Third Quarter Foreclosure Filings Down from 2009 - 11/19/10 09:20 AM
More great news for Denver homeowners – according to data released last week by the Colorado Division of Housing, new foreclosure filings in the state dropped in the third quarter (compared to 2009 numbers), while sales of foreclosed properties increased. The 2010 third quarter numbers were down 15% from last year's filings for the same period, leading the Division to project total 2010 foreclosure filings falling below the 2009 total. Foreclosure sales figures were up 18% compared to the same period last year.

There are a variety of reasons for the decrease in foreclosure filings. Primary among these is the … (0 comments)

denver avoid foreclosure: What You Need to Know About the Denver Foreclosure Moratorium - 10/15/10 11:27 AM
Denver homeowners who have been following the news during the past week know that some banks have issued a foreclosure moratorium. Bank of America, GMAC, and Chase have extended their reviewof foreclosure documents to all 50 states, and have committed to stopping foreclosure sales until their review is complete. Here are some questions and answers which will help to shed some light on the current foreclosure situation. Answers have been provided by Bank of America:
What is a foreclosure sale in Colorado?
After a severely delinquent customer goes through the foreclosure proceedings, their home is put up for sale at … (3 comments)

denver avoid foreclosure: FHA Throws a Lifesaver to Underwater Homeowners in Denver - 09/13/10 07:03 AM

Last Tuesday, a new lifeline was thrown by the federal government to Denver homeowners. In an effort to help those who owe more on their properties than the homes are actually worth, the Federal Housing Administration is allowing lenders to offer these borrowers new, refinanced loans backed by the government. Participating lenders will be required to forgive at least 10% of the original mortgage amount, thereby giving a greater number of responsible borrowers the opportunity to remain in their homes.
The new program reflects a new approach by the Obama administration to address the foreclosure crisis, which, at first, … (0 comments)

denver avoid foreclosure: Strategic Foreclosure in Denver: Rarely The Best Move - 08/07/10 05:49 AM
As the nation's economy continues to flounder, some Denver homeowners are seriously considering walking away from mortgages. Three words to the wise: DON'T DO IT. A recent report from Realtor Magazine notes that while there are many reasons not to default on your mortgage, one of the most significant is the potential effect on your creditworthiness – in both the present and the future. According to the report, individuals who default can take an immediate hit to their credit score of as much as 200 points. Worse yet, that note remains on your credit report for a full seven years. The … (2 comments)

denver avoid foreclosure: Banks Are Finally Seeing the Value of Short Sales - 01/05/10 11:19 AM
These are interesting times in the Denver housing market, and nationwide.  Today, there are a lot of homeowners who owe more than their homes are worth, and up until recently, only one viable option seemed to exist for people who could no longer afford to stay in their homes - banks were foreclosing, leaving the homeowner with nothing and the banks with even less.  Now, faced with a housing slump and an economic recession that has cut resale values as much as 30 percent, banks seem to finally be getting smarter about the huge inventory of homes that would otherwise be … (2 comments)

denver avoid foreclosure: Hampered by High Payments on your Denver Home? Maybe HAMP Can Help - 11/13/09 05:49 AM

If you suddenly find yourself with a mortgage on your Denver home that is too high for your income, or if your circumstances have changed since you took it out, you may find help with the government's Home Affordable Modification Program.  The need for HAMP originated with President Obama's Making Home Affordable program, announced in February, 2009.  Created by the U.S. Treasury Trouble Assessed Relief Program (TARP), HAMP seeks to facilitate working with your lender to make the payments affordable.  Changing the terms of a mortgage is a complex process that involves a ton of documentation from you and a … (1 comments)

Marianne Bandy, CRS, GRI, Certified Negotiation Expert (The Bandy Team - EXP Realty) Rainmaker large

Marianne Bandy

CRS, GRI, Certified Negotiation Expert

Parker, CO

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The Bandy Team - EXP Realty

Address: Keller Williams Park Meadows, 10375 Park Meadows Dr. #101, Lone Tree, CO, 80124

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