Author Archives: Tatyana Sturm

Bank of America, Wells Fargo & Chase are paying homeowners up to $30k to do a short sale

Posted on May 17, 2012 by Tatyana Sturm

Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Under the plan, Bank of America (BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell their home in a short sale. The bank first tested the payments in a pilot program in Florida last fall. Under that initiative, Bank of America paid up to $20,000 to borrowers who sold their homes in short sales. “This program can help customers make a planned transition from… Read More »

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New Federal Rules Could Speed up Short-Sale Process

Posted on May 8, 2012 by Tatyana Sturm

 If your loan is owned or securitized by either of the dominant conventional mortgage market players — Fannie Mae or Freddie Mac — you can expect a response within 30 business days, with a final decision taking no more than 60 days. If you don't hear back during the first 30 days, the bank will be required to send you weekly updates telling you precisely where the holdups are and when they are likely to be resolved. None of this is typical of short-sale procedures today.  Although short sales can be complex and messy, and can take anywhere from several months to more than… Read More »

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This Crazy Denver Market! It is good for Buyers and Sellers!

Posted on April 26, 2012 by Tatyana Sturm

Take advantage NOW! If you are a home buyer:  home prices are still affordable now.  Even though the Denver Market is starting to turn there are great deals to be had in this market.  If you are a first time buyer rates are out of this world right now.  Many people can buy a home in Denver for less than what they pay in rent.  If you are moving up to a luxury home in Denver you can get a steal of deal.   Denver Luxury homes have not caught up to the current market pace yet.   But over all not… Read More »

Posted in Aurora/ Centennial CO Lisitng Agent, Buying a home in Denver, Colorado homes, Colorado Listing Agent, Relocation to Aurora Colorado, Relocation To Denver/ Aurora, Rent vs. Buying, Selling your Denver Home | Leave a comment

Denver short sale transactions increase in 2012

Posted on April 26, 2012 by Tatyana Sturm

Denver Short sales are surging this year, and if the trend continues, they could reach record levels in 2012. Denver Short-sale transactions are starting to outpace foreclosure sales, as more banks see it as a better option to curb high losses from foreclosures. More mortgage servicers are also trying to increase the pace of approving short sales, a process that is generally viewed as drawn-out and lengthy. Denver Short sales increased over 20 percent in the last year. I believe 2012 could be a record year for short sales. This week, the Federal Housing Finance Agency, the regulator to mortgage… Read More »

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Cherry Creek Schools, one of the best school districts in Colorado

Posted on April 26, 2012 by Tatyana Sturm

If you are thinking about relocating to Denver and schools is one of your hot buttons then you should consider moving to a home with in the Cherry Creek School District.  Cherry Creek schools are the highest rated schools in the Denver metro area.  Home prices in the Cherry Creek School District range from $150k to over 1 million.  If you have a family and are relocating to Denver metro area call me today and we can discuss the Cherry Creek school district.

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Denver is the Nation’s most improved Real Estate Market

Posted on April 26, 2012 by Tatyana Sturm

Denver, Colorado is ranked by CoreLogic as the most improved of the nation’s 100 largest markets. Prices in the Mile High City and its suburbs, which didn’t experience the extreme booms or busts of Phoenix or Las Vegas, rose in December, January and February. Foreclosures are ebbing. And homes are selling about 19% faster than they were a year ago. Denver’s recovering market reveals that the rebound is likely to creep rather than surge ahead. Yet if you know how to price and market your home properly — which this story will lay out — you can finally list your… Read More »

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Denver home prices increase for the 2nd month in a row

Posted on April 26, 2012 by Tatyana Sturm

For the second straight month, metro Denver posted a year-over-year increase in home prices in February, according to the latest S&P/Case-Shiller Home Prices Index. Those consecutive gains were the first year-over-year price increases for the Denver area in 19 months. Denver’s February home prices were up 0.5 percent in February from the same month a year earlier, following January’s slight 0.2 percent gain. The latest Case-Shiller report again showed Denver’s home-price performance leading most of the 20 cities tracked by the report series. Denver was one of only five cities out of the 20 to show a year-over-year price gain… Read More »

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Colorado home purchase and refinance activity up as rates fall

Posted on April 25, 2012 by Tatyana Sturm

"Release totals are up quite a bit since the middle of 2011, and this is not surprising since mortgage rates have continued to drop in recent months and home-purchase activity has begun to pick up.   The 28 percent increase in release activity since last year's fourth quarter follows three quarters of falling mortgage rates and several months of increasing home-purchase activity, Read More

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Debt Collectors Will Try To Reach You Through Facebook, Too

Posted on April 24, 2012 by Tatyana Sturm

A recent segment on KDVR, the Fox affiliate for Denver, reminds us that collection agencies are happy to go through social media channels if they think it will help them squeeze money out of someone. Debt collectors will “set up fake profiles and befriend you on Facebook, just to get into your personal information,” says Denisa Tova, a financial planner, on the KDVR segment. It’s not a new tactic — debt collectors have actually been using Facebook for years to reach out to people. Collectors have also been accused of impersonating a debtor’s friends online, or posting public messages saying the person owes money. In an… Read More »

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Single Family Rentals Now Exceed Multifamily

Posted on April 24, 2012 by Tatyana Sturm

While inventories of homes for sale have been shrinking this spring, MLSs are filling the void with rental listings for single family homes that until recently were foreclosures. Some 16.1 percent of all listings on MLSs today are rentals, more than double the numberin 2006, according to some reports. More Information  

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