Real estate blog entries tagged with denver real estate by Cory Fitzsimmmons, Realtor - Denver, CO ReThink real estate group (ReThink Real Estate Group)

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denver real estate: What Coloradoans need to know about home loan modifications. - 05/12/11 05:34 AM

What Coloradoans need to know about home loan modifications. This is a great article with tools on how to prepare for the loan process and how to proceed once in the process. Also, this is a good clip about some locals who were successful in getting a loan mod done... with help. The process is long and tough but persistence is key. 9News has helped get loan mods through but it would be nice to know that a news channel doesn't have to get involved to know the process is working correctly. They key is to remember NOT all homeowners will qualify and … (2 comments)

denver real estate: Loan modification and how to. What does it take? Colorado - 05/12/11 04:59 AM

Loan modification and how to. What does it take? Are you trying to get a loan modification done? If you are like many Colorado homeowners your thoughts are they don't happen. The truth is they do and NOT all homeowners will qualify. Also, this is a video from last nights 9News about a local homeowner who was successful but it came with some help. … (0 comments)

denver real estate: 9590 E Florida Ave #2025 Denver CO 80247 Copperstone condos - 04/11/11 07:42 AM

9590 E Florida Ave #2025 Denver CO 80247 Copperstone condos … (0 comments)

denver real estate: Short sale questions and answers: What is the priority of offers? Must knows for buyers. - 03/29/11 09:13 AM

Short sale questions and answers: What is the priority of offers? Must knows for buyers.
I found this article today regarding how realtor's handle offers in short-sale situations. There are many mis-conceptions and confusion about how short-sale protocol flows. Remember, there is a third party involved that requires "approval" outside of the two signing parties: the Lender. Banks often have addendum's and protocol that super cede your contract/offer and will pursue the best "net" offer. That means your contract is not approved until the lender signs off on it. Only then are you under contract.
"Ultimately, the short-sale addenda prevents the contract from being finalized so as … (2 comments)

denver real estate: Live, work, play Denver! The hottest livable communities in Denver, Colorado - 03/22/11 10:25 AM

Live, work, play Denver! The hottest livable communities in Denver, Colorado. I think metro Denver has many great neighborhoods... and as the old adage goes: location, location, location. This is a friendly contest sponsored by 9 News and DRCOG featuring the best places to live work and play. "Welcome to Live Work Play 2011, the Denver Regional Council of Governments' (DRCOG) brand-new and exciting awards program celebrating great places and livable communities in the Denver region." Here is a list of nominees (in no particular order):
1. Olde Town Arvada 2. Belmar, Lakewood 3. Lowenstein CulturePlex, Denver 4. Downtown Lyons, CO 5. … (2 comments)

denver real estate: Belmar neighborhood, Lakewood Colorado - 03/22/11 09:40 AM

Check out Belmar! I found this video featured by Denver Doings about the Belmar neighborhood. Belmar is a new diverse neighborhood in Lakewood CO with restaurants, entertainment, shopping, condos, nighlife, art and outdoor activities. Located just west of Denver and right at the foothills of the rocky mountains you will find something to like about this area. Access is great and the new Fastracks lightrail will soon be runnning. Check out the Belmar website: http://www.belmarcolorado.com/ To search available Belmar realestate: www.housefitz.com … (1 comments)

denver real estate: Questionable use of Colorado zoning laws and the tax implications. - 03/08/11 06:54 AM

Good local news article regarding the use of "AG-land" tax status. I have dealt with this in a current listing of 250+ acres in Parker CO. Clients tax bill hiked 70,000 dollars last year without notice. Clients zoning did not change but their use did. The question lies within the area of abuse. This could be used to fund schools but how much will it cost to fix? … (2 comments)

denver real estate: 5 factors that affect home values. - 03/08/11 06:39 AM

I just read a good article about the present market and the way buyers are looking at value. "Location has long been touted as the most important variable affecting the value of residential real estate. Recently, the S&P/Case-Shiller Home Price Indices suggested that location is still a front-runner in terms of determining valuation."
Location is, of course, #1 yet location can be on both sides of the spectrum. Similarly, your competition has much to do with selling price. Our market is much different today with many different factors mixing the big picture. As always, your local market is just that, local. This article covers … (2 comments)

denver real estate: It is time to invest in the real estate market, are we passing the "bottom"? - 02/21/11 04:59 AM

Is it time to invest in the real estate market? Here is a CNBC video discussing our current market and the proverbial "bottom". It seems the role of investors has switched and folks want to invest in something other than the stock market. Investors are gobbling up 26% of the market (Jan.) with CASH deals. Also, flipping is back but yielding smaller returns and longer time-frames. Is this indeed the "bottom" for the real estate market? We are seeing a large number of investors in the Denver market. … (0 comments)

denver real estate: 2 big lenders lighten their lending guidelines and revise requirements of down payment and FICO scores. - 02/12/11 10:58 AM

2 big lenders lighten their lending guidelines and revise requirements of down payment and FICO scores.
I found this article today written by Ken Harney for Inman news. This is a big deal but seems to have gone off without any pomp and circumstance. Neither Quicken Loans or Wells Fargo have spend anytime advertising these newer lower requirements. These are great for those lower credit scores and smaller down payment buyers. Awesome for 1st time home buyers! Here's a quick snippet:
"With no fanfare or public announcements, two of the largest FHA-approved lenders have backed off their controversial "overlay" requirements … (2 comments)

denver real estate: REO stats and forecasting. 2010 Foreclosure Report - 02/08/11 08:03 AM

I found this video: "Year-End Foreclosure Report" by RealtyTrac and thought it was worth sharing. This is a bare bones stat filled video on the #'s. We need to fix this problem and let consumers know they do have options. If you are thinking you need to sell your home or want to discuss options please give me a call: 720-581-2885 … (2 comments)

denver real estate: Anti-flipping rule has been extended through 2011. - 02/01/11 04:17 AM

Good News: The Federal Housing Administration has extended FHA's temporary waiver of the agency's 'anti-flipping rule.'
With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation through January 31, 2011. FHA today posted a notice extending this waiver through the remainder of 2011. This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and … (2 comments)

denver real estate: Good investment opportunity. Shortsale. 1201 Elm Place Thornton, CO 80229 - 01/26/11 07:47 AM

Good investment opportunity. Shortsale. 1201 Elm Place Thornton, CO 80229 … (0 comments)

denver real estate: 250+ acre Horse property with development potential right outside of Denver. Hilltop Road in Parker, CO 80134 - 01/26/11 07:31 AM

250+ acre Horse property with development potential right outside of Denver. Hilltop Road in Parker, CO 80134 … (2 comments)

denver real estate: 70+ acres with horse facilities and Front Range views. 47841 County Road 101 Deer Trail, CO 80105 - 01/26/11 07:13 AM

70+ acres with horse facilities and Front Range views. 47841 County Road 101 Deer Trail, CO 80105 … (0 comments)

denver real estate: Cost vs Value: what are the best remodels/upgrades for your $$$$ under $5000? Part 2. - 01/20/11 04:44 AM

Cost vs Value: what are the best remodels/upgrades for your $$$$ under $5000? Part 2.
My last blog featured "big bang" home improvements but what if you wanted to spruce up your house for under $5000? Here is a list of the top ten home improvements you can do with good ROI. Most of these are simple and relatively cheap with good returns. Again, seems initial appeal is crucial. So roll up your sleeves, grease your elbows and fatten your wallet.
1. Cleaning and de-cluttering
2. Lightening and brightening
3. Home staging
4. Landscaping
5. Repairing electrical or plumbing
6. Updating kitchen & … (2 comments)

denver real estate: Foreclosure & Shortsale options! You do have a choice! Told no to your loan mod? - 01/16/11 04:42 PM

Foreclosure & Shortsale options! You do have a choice! Told no to your loan mod? Join the group!
I have posted a couple blogs regarding loan mod fraud. Let me state: I am not against the banks. I also recognize many professions participated in contributing to the state of our "business" and "economy". Buyers signed when they shouldn't have, regardless of the reason, and they are liable for it. Unfortunately we all have something to do with it: Lenders lent to everyone, Realtors said it would gain, loan officers capitalized, appraisers went with the flow and the market didn't do what "we" … (0 comments)

denver real estate: Cost vs Value: what are the best remodels/upgrades for your $$$$? - 01/11/11 06:24 AM

Cost vs Value: what are the best remodels/upgrades for your $$$$ in 2010-11?
I get this question often. Everyone wants to invest in their home and get something for their efforts. This is an article from Realtor.com featuring the best remodel for your buck. This survey features REALTORS® opinions from 80 different cities on big bang projects. The top five projects are listed with their cost, resale value and cost re-couped.
If your thinking of doing a remodel here are the projects that bring the greatest recovered cost:
1. Entry Door replacement
2. Garage door replacement
3. Siding replacement
4. Kitchen remodel
5. Deck … (5 comments)

denver real estate: Mortgage loan mod fraud part 3 - 01/11/11 06:00 AM

Mortgage loan mod fraud part 3.
Shedding light on this subject is easier everyday, articles, stories and cases are surfacing daily. I came across this article today from Realtor magazine. "A coalition of seven public pension systems called on several of the nation's largest banks to immediately undertake independent examinations of their mortgage and foreclosure practices, including their loan modification and foreclosure and securitization procedures." Here's a snippet: "The banks' boards cannot continue to pretend the foreclosure mess is the result of technical glitches and paperwork errors," says New York City Comptroller John C. Liu, on behalf of the coalition of five New … (0 comments)

denver real estate: Mortgage loan mod fraud Part 2 - 01/01/11 06:27 AM

You have to watch this video. Why some banks don't want to approve your loan modification and would rather you foreclose or shortsale. This is a continuation from a previous blog: There is an outcry over questionable forclosures and this issue appears to be spreading. Many Attorney Generals from across the nation are suing banks for loan modification fraud and questionable foreclosure practices. Foreclosure is a sad story and completely devoid of human feeling yet they happen daily. Many consumers are unaware or over-promised and lose either way. … (2 comments)

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