Denver I Q

Maybe not in your neck of the woods, but certainly in Colorado. Erin Toll, the Director of the Division of Real Estate in these parts was the beneficiary of a full page article (with picture) in Tuesdays Rocky Mountain News applauding her announcement of an “emergency rule” prohibiting prepayment penalties extending past the adjustment […]

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You may have read the article in The Denver Post last week “Fannie Mae Deems Denver a “Declining Market” (Larry McGee was quoted in the article). To read the headline, you would assume that Fannie Mae had declared the entire Denver Metro area, except Boulder, as a “declining market”.
Written by Jerra Ryan - Visit […]

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In this post I will tell you why I am not crying for big builders and big lenders.
As for the big lenders, it is important for the consumer to understand where mortgage money comes from. Today, it mostly comes from Wall Street, in the form of bond investment. Billions of dollars in […]

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Denver’s Rocky Mountain News carried an article in the November 3rd edition headlined “Denver Builders skirting bottom. The article, written by long time real estate reporter John Rebchook, spoke to the plight of the home builders and made reference to this downturn being “different from the one two decades ago” As Paul Harvey […]

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Modern day Carpet baggers are taking advantage of the public in a different way. Homeowners are renting their homes to tenants, collecting the rent and not paying the mortgage.
This practice is called “Equity Skimming.” While the homeowner, who many times pass themselves off as “investors” legally own the home, they fail in their […]

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