Call Denver Home Real Estate Blog

Archive for April, 2010

Cash Is King When Buying Homes in Denver

Denver Bank Takes 20K Less Than Highest Offer To Get Cash

I couldn’t believe my ears this morning when I received the call.  In fact the agent who was calling me was surprised that the asset manager at the bank took our offer even though it was 20K less than the “highest and best” offer.  The ironic thing is that the bank reps accepting offers on bank owned properties would rather not deal with their own lending institutions.  Has lending gotten that difficult lately? Wouldn’t you think that the bank who owned the property would prefer that their own company get the loan???

A Tale of Two Offers

I will give you the quick scenario on the cash offer.  The property was a 4 BR tri-level with a basement Read the rest of this entry »

REALTOR Nationwide Open House in Highlands Ranch

Highlands Ranch Open House April 10th and 11th

There will be more Open House signs than Garage Sale signs in Highlands Ranch this weekend.  I plan on holding my listing at 9215 Mountain Brush Ct. in Highland Ranch Open on Saturday from 10 am to 2pm. ( Come by and See Me ) This is an effort by the National Association of Realtors to get the message out that there are some great deals out there for home buyers.  There will be thousands of homes in Colorado Read the rest of this entry »

100% Financing in Littleton Still Exists

No Money Down Loans in Littleton???

No Money Down Financing

I received a mail from local mortgage broker in Littleton the other day.  She works for KeyBank as a loan officer. She was telling me about a loan program that allows borrowers to get up to 100% loan to value. This is an amazing loan program because most loans today require at least 3.5 percent down just to go FHA.  On top of 3.5% down the FHA loan also requires PMI insurance and an up front funding fee of 2.25%.  The loan from Read the rest of this entry »

How To Search Douglas County Assessor Information

What did your neighbor really pay and how big is their house?

Douglas County keeps all of the information about your home and mine public on their website.  The website is actually pretty advanced as far as county websites go.  Just compare it to Adams County and you will get an idea of what I mean.  The Douglas County Assessor website is where I spend much of my investigative time when looking for real estate information that Metrolist does not offer.  ( Metrolist is the Denver MLS service where realtor’s Read the rest of this entry »

A Kinder and Gentler Bank of America Short Sale

Bank of America Short Sales in Denver Getting Easier???

Ask any agent who has had to deal with Bank of America on a short sale during the past few years and they will have war stories of hours, weeks and months spent in vain trying to get a short sale approved. There is nothing worse than investing hours, advertising dollars and more for months on end only to never make a dime when it goes to foreclosure. I can tell you that I would tell my home buyers to avoid them if I found out they were the lien holder. I am assuming that most of America now knows that a short sale is an attempted sale of a property where the loan is greater than the value of the house. The seller wants to / has to sell and the bank needs to take less than what is owed on the loan. This last week Bank of America took me by surprise and they seem to have finally gotten their act together.

Bank of America now using the equator.com platform for Short Sales

equator.com is a website where banks process thousands of foreclosed properties Read the rest of this entry »