There was more good news released last week on the Colorado foreclosure front. The report from the Colorado Division of Housing revealed the following: • Both foreclosure filings and sales at auction were down in October 2011 when compared to October 2010. • Filings rose to the second-highest filings total reported in 9 months, but were down … Continue reading Good News on the Colorado Foreclosure Front
President Obama unveiled a new mortgage plan last week, aimed at reducing monthly mortgage payments for distressed homeowners who owe more than their properties are worth (more than 125 percent of the value of their home). He announced steps for these homeowners to refinance their loans at low rates (around 4 percent). Is this plan … Continue reading Will Obama’s New Mortgage Plan Help Colorado?
Colorado’s foreclosure picture continues to improve. Realty Trac recently released updated numbers, revealing that Colorado’s foreclosure activity (during the first six months of 2011) fell 14.7 percent from last year. Colorado’s current foreclosure rate is one out of every 84 housing units. This is great news regarding the health of the Denver real estate market. … Continue reading Colorado’s Foreclosure Picture Continues to Improve
There is some good news on the Colorado foreclosure front! The Colorado Division of Housing released a report this week, revealing that new Colorado foreclosure filings fell to 8,115 during the first quarter, a 27 percent decrease from the first quarter of 2010 (11,136 filings). Foreclosure filings are at the lowest level since the third … Continue reading Colorado Foreclosure Filings Decrease 27 Percent
According to a recently released RealtyTrac report, Colorado’s foreclosure rate has not fallen as quickly as other states, leaving it stuck in the ninth worst spot in the nation. In Colorado, one out of every 157 homes is in some state of foreclosure activity, compared to one out of every 191 homes nationally. Sadly, only … Continue reading Colorado Foreclosures Linger
The Colorado Division of Housing released its monthly foreclosure report last week, and there is good news to report! Foreclosure sales in January 2011 (1,917) in Colorado’s 12 largest counties decreased 21.8 percent from January 2010. In Denver, foreclosure sales fell 25 percent last month from January 2010, but increased 19.2 percent from December 2010. … Continue reading Colorado Urban Foreclosures Decrease
There is good news on the Colorado foreclosure front this Christmas. Foreclosures in Colorado’s 12 most populated counties declined last month, according to the Colorado Division of Housing. The number of foreclosures in Colorado’s largest counties decreased 4.2 percent to 2,932 from 3,059 from October to November. Unfortunately, these numbers may provide a bit of … Continue reading Foreclosures Decline in Colorado’s Largest Counties
Where are the most short sales in Denver? According to a recent article in the Business Journal, at the end of the first quarter of this year, there were 2,492 single-family short sales in the Denver real estate market. Which county had the most short sales listed for sale? Arapahoe County had the most listed … Continue reading Where are the Most Short Sales in Denver?
Several states, including California, Florida, Michigan, and Arizona, plan to bail out their troubled homeowners, using a total of $1.4 billion that the Obama Administration is allotting them. The money will go to help unemployed and underwater homeowners with their mortgage troubles. The plans vary by state, but have two things in common – paying … Continue reading States to Bail out Troubled Homeowners
There were some new short sale guidelines implemented last month that are already having a large impact on Denver short sales. While they do not apply to Fannie Mae and Freddie Mac loans, they do apply to any lender participating in the Obama Administration’s Home Affordable Modification Program, including Bank of America and JP Morgan Chase. The new guidelines … Continue reading New Guidelines for Short Sales in Denver