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… Read More
New Federal Rules Could Speed up Short-Sale Process
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… Read More
Denver short sale transactions increase in 2012
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… Read More
Cherry Creek Schools, one of the best school districts in Colorado
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… Read More
Denver is the Nation’s most improved Real Estate Market
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… Read More
Denver home prices increase for the 2nd month in a row
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… Read More
Colorado home purchase and refinance activity up as rates fall
"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… Read More
Debt Collectors Will Try To Reach You Through Facebook, Too
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… Read More
Single Family Rentals Now Exceed Multifamily
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… Read More
Twitter
ActiveRain
My BLOG
Facebook
RSS