Category Archives: Foreclosed Properties in Denver

Big Savings for Buyers: Rates Reach New Record-Lows

Posted on September 20, 2011 by Tatyana Sturm

For the second straight week, mortgage rates reached another milestone, with 30-year and 15-year fixed-rate mortgages hitting record lows again, Freddie Mac reports in its weekly mortgage market survey. For example, home owners who refinanced at today’s 30-year fixed-mortgage rate could trim nearly $1,715 a year in interest payments on a $200,000 loan, Nothaft says. Here’s a closer look at rates for the week ending Sept. 15. •30-year fixed-rate mortgages: averaged 4.09 percent this week, down from last week’s previous record of 4.12 percent. Last year at this time, 30-year rates averaged 4.37 percent. •15-year fixed-rate mortgages: averaged 3.30 percent,… Read More »

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6 Common Mistakes when Buying rental properties

Posted on September 19, 2011 by Tatyana Sturm

Traditional investments are delivering low returns, and home prices are at bargain levels in the Denver Metro area. Is it time to consider buying some rental properties in Denver? Investing in real estate right now can be surprisingly profitable, if everything goes well. Rents are climbing in many areas of Denver, we have seen a 4% rent increase from last year, and more properties may be coming on the market. Last month, the Obama administration asked for proposals on how to convert at least some of Fannie Mae’s and Freddie Mac’s bulging inventories of foreclosed homes into affordable rentals. Before… Read More »

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New Grant for Military First-Time Home Buyers

Posted on July 28, 2011 by Tatyana Sturm

A new program is offering financial assistance to first-time home buyers who are veterans or active-duty military members. The Pentagon Federal Credit Union Foundation, a nonprofit national organization, is offering the assistance through its Dream Makers program.   Active duty personnel, veterans, retired members of the military, and employees of the U.S. Department of Defense and the Department of Homeland Security may be eligible for a grant up to $5,000 to use on down payments and closing costs when buying their first home. The grants can be applied to a mortgage from any financial institution.   “Members of the military… Read More »

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Foreclosures = 30% of Denver Home sales

Posted on May 31, 2011 by Tatyana Sturm

Foreclosures accounted for just under 30 percent of all Colorado home sales in the first quarter, according to a national report released today.The report by Irvine, Calif.-based RealtyTrac, showed that nationally, 27.5 percent of all home sales in the first three months of the year were foreclosures. There were 4,032 foreclosure sales in Colorado in the first quarter in Colorado, accounting 2.5 percent of the 158,434 nationally. Compared with the national average, Colorado performed best in the fourth quarter of 2010 to the first quarter. Colorado foreclosures sales fell almost 29 percent in that period, compared with a 16.5 percent… Read More »

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2011 Rebound: Affordability High, Denver Investors Back

Posted on March 3, 2011 by Tatyana Sturm

Plenty of signs point to the Denver housing market finally bottoming out and moving into rebound mode this year. Denver Investors, who were burned when the Denver housing bubble burst in 2006, are back on the market, betting on a rebound, and snagging up houses and condos in all-cash deals. What’s more, Denver, Coloroado housing is at the most affordable it has been in decades — when home prices and average incomes are taken into account, according to analysts at Moody’s Analytics. The cost of a house is equal to about 19 months of income for an average family, which… Read More »

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