What to Expect When Purchasing a Short Sale

Short sales have a bad reputation among home buyers. They take forever! There’s no room for negotiation! You’ll never buy a house if you look at short sales! Now, while purchasing a short sale does require some patience, it’s not as bad as many people make it out to be…. Read More »

What is a HUD Home?

HUD homes can be a budget friendly housing choice. Many people already know these homes are usually listed below the market, but there can be some confusion understanding what exactly a HUD home is, or how the purchase process works. Let’s start with the definition of a HUD home. It… Read More »

203K Q and A

What is a 203K loan? The 203K loan is a FHA loan that provides financing for a home that needs to be rehabilitated that traditional banks won’t finance. The home price and cost of fixing the home are rolled into one loan. How does it work? A 203K loan helps… Read More »

CHFA: What is it, and how can it work for you?

CHFA, or Colorado Housing and Finance Authority, is an organization that helps Coloradans achieve the dream of home ownership. They have their own loan program that helps lower income families buy a house. There are income limits with this program, so be sure to check with your lender to see… Read More »

Denver Metro Area 2012 Real Estate Forecast

Home prices: Your local forecast Denver-Aurora-Broomfield, CO Metropolitan Statistical Area Forecast change: second quarter, 2011 – second quarter, 2012    -4% Forecast change: second quarter, 2012 – second quarter, 2013 +2.8% Market fundamentals Median Family Income (2010) $74,000 Median Home Price (Second quarter 2011) $254,000 Change in Home Prices (From second… Read More »

Great Home Loan offered for Doctors in the Denver Metro Area

Maximum loan amount $850,000 Maximum LTV/CLTV 89.99% Minimum Loan Score 720 Qualifying ratio 33% housing ratio and 38% total debt ratio Co-borrowers Non-occupant co-borrowers are not allowed Eligible products Fixed-rate: 30 year and 15 year; ARMs: 10/1, 7/1 and 5/1 Employment requirements Eligible customers must have completed their medical residency… Read More »

Denver October 2011 Real Estate Sales

October residential closings for Metrolist posted an increase of 8.9% over this time last year. This is the 5th month in a row in which residential closings showed an increase over the same period last year. Inventory continues to drop with only 11,504 residential homes on the market, a 30%… Read More »

HUD announces $100 Down Payment program. WOW! What a great time to buy a home $100 Down, Rates at in the 4% range and prices are lower than they have been in years!

It only takes a $100 down payment for an owner-occupant to buy a HUD foreclosure in the Denver area. Previously, it required a 3.5 percent down payment. The $100 down payment policy kicked off last Friday. The new rule should boost the sale of homes owned by the U.S. Department… Read More »

Colorado foreclosure filings decline

Foreclosure filings in Colorado continued to decline in the second quarter, dropping almost 30 percent from the same months of 2010, according to a state report Thursday. Public trustees reported 7,233 foreclosure filings in the second quarter with 5,333 sales at auction being completed. Both numbers are down from the… Read More »

August Existing-Home Sales Rise Despite Headwinds, Up Strongly from a Year Ago

Washington, DC, September 21, 2011 Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of Realtors®. Monthly gains were seen in all regions. Total existing-home sales1, which are completed transactions that include single-family,… Read More »