Foreclosure Notices and 3.8% Transfer Tax on Real Estate!!

        FORECLOSURE NOTICES UP OR DOWN IN YOUR AREA??

Westminster, CO - After seeing the news reporting that "foreclosures" are down across the Country, I noticed that you really cannot say that in one County that I market in.

Jefferson County is west, northwest, and southwest and part of the Denver Metropolitan areas, and runs along and into the foothills fo the Rocky Mountains.

I have been watching the foreclosure notices that have been issued out of the Public Trustee in Jefferson County for the last 5 months (May through September), and compared them to the same months of 2011.  I have seen a slight increase of 3% in the notices issued from 2011 to 2012, but still an increase.

I hope to see a decrease in October!!  At least I am optimistic about it.  Yet, I cannot feel that the banks have been holding back for a various reasons!   Maybe understaffed, overwhelmed with late notices.... who knows??  I do know, that I have interveiwed many homeowners that are behind in their payments, and a few have exceeded 6 months of default.

Yet, no foreclosure notice has been sent to them!!

What are you thoughts??

 SEARCH FOR HOME IN THE CITY OF ARVADA, JEFFERSON COUNTY

The 3.8% Tax Is Not a Real Estate Transfer Tax

Ever since the Health Care Reform Act has been reviewed over and over to understand what is in it, there has been discussion about this 3.8% Transfer Tax on real estate!  There has been so much MISINFORMATION about this clause and implications that I believe it is best to really understand what it means.

Let me make it clear in this article, that there is NO transfer tax.  Yes, there is a TAX but it is limited to certain situations, that you need to understand.  Please review the article by

Heather Elias

Director of Social Business Practice at National Association of Realtors

HIRE A SHORT SALE TEAM THAT UNDERSTANDS THE RULES AND THE EXPERIENCE TO DEAL WITH THE PROCESS OF OBTAINING SHORT SALE APPROVALS TO ASSIST THE HOMEOWNER IN STOPPING A FORECLOSURE!!

Thanks for reading this,  Dan Hopper,
Your Real Estate Advocate:


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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

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