foreclosure: Rethinking Home - 05/27/20 09:26 AM
  The last two months of the new normal stay at home has led many homeowners to rethink the way they live in their home.  It has now become an office for working at home; a school for children; a gym to stay in shape; and a place for recreation.
The repurposing has people evaluating whether their home still meets their needs or if some changes are necessary.  In some cases, adult children have moved back home, and, in others, there are parents who have moved in for the first time.
Staying at home and sheltering in place is necessary but how much … (2 comments)

foreclosure: Mortgage Forgiveness - 05/18/20 09:04 AM
  During the mortgage meltdown that caused the Great Recession a decade ago, some homeowners lost their homes to foreclosure or constructed a short sale to get out from under the debt.  In most of the cases, the lenders forgave all or part of the debt owed them.
Similarly, in the early 90's after the failure of the Savings & Loans in the U.S., thousands of homeowners lost their homes in the same way but back then, the policy of the IRS was to consider the forgiven debt as income.  Today, it is still considered income which means that a homeowner could lose … (0 comments)

foreclosure: Is it Time to Buy Again? - 05/27/19 08:04 PM
Time to Buy Again5/29/2019 For people who have experienced a distressed sale of a home and gotten their finances and credit back in shape, there can still be an unanswered question of "How long do we have to wait to qualify for another mortgage."  The loan types for the new loan will differ in amounts of time based on the event. 
The different lending authorities, VA, FHA, Fannie Mae (FNMA) and Freddie Mac (FHLMC), establish their own waiting periods.  A borrower may be eligible to qualify for one type of mortgage before another type, even though during this waiting period, that the person was current … (0 comments)

foreclosure: Waiting Period After Distressed Sale - 04/17/18 06:06 PM
"How long do we have to wait to qualify for another mortgage" is the question concerning people who've had a foreclosure, short sale or bankruptcy. The loan types for the new loan will differ in amounts of time to heal credit scores based on the event.
The following chart is meant to be a general guide for how long a person might have to wait. During this waiting period, it's important that the person be current on all payments and maintains a history of good credit.
A recommended lender can give you specific information regarding your individual situation and can make suggestions that … (1 comments)

foreclosure: How Long Do I Have to Wait After a Foreclosure or Shortsale? - 08/16/12 12:43 PM
How Long Do I Have to Wait?The question concerning people who’ve had a foreclosure, short sale or bankruptcy is when they will be able to qualify for a mortgage loan.  It takes different amounts of time to heal credit scores based on the event.The following chart is meant to be a general guide for how long a person might have to wait.  During this waiting period, it’s important that the person be current on all payments and maintains a history of good credit.
A recommended lender can give you specific information regarding your individual situation and can make suggestions that will … (4 comments)

foreclosure: Foreclosure Market in Denver - 07/22/11 06:07 AM
It’s so exciting to see the foreclosure market in Denver getting better and better.  The foreclosure filing rate is getting lower in all of our counties.This is so much more encouraging that 2 years ago when we really didn’t know how bad it was going to get. Denver County  - July 2010 - 2,782  July 2011 - 1,755  -37% change -Active foreclosures 2,306El Paso County - July 2010 - 2,609  July 2011 - 1,860  - 29% change - Active foreclosures 2,469Summit County -  July 2010 - 199    July 2011 -   185    -7% change - Active foreclosures 168Weld County     -  July 2010 … (0 comments)

 
Patty Clark, Helping Families Move with Care (Morningside Homes, LLC 720-231-5200) Rainmaker large

Patty Clark

Helping Families Move with Care

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