Tag Archives: Lenders

Protect yourself against loan lock scams

A price quote means nothing until it is properly locked with the lender. A rate lock, as it is commonly called, is the lender’s commitment that it will make the specified loan at the specified price within a specified future … Continue reading

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Denver area buyers competing for scarce housing market

<!– –> Tweet – A A A + <!– –> DENVER – Homes for sale are becoming scarce in neighborhoods throughout the Denver area and it is creating a seller’s market. Real estate for sale signs, once common during the … Continue reading

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Foreclosures Fall Due to New Laws

Foreclosure activity fell 28 percent from a year ago nationally, according to a new report from RealtyTrac, but in California, they were down nearly 40 percent. More telling is foreclosure starts, the first notice of a foreclosure filling. In California … Continue reading

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Builders Bump Up Thanks to Drop in Existing Home Supply

Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading

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Home Builders Need Mortgage Bankers to Keep Recovery Alive

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market. The median price of a newly built … Continue reading

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More Homes Are Above Water, But Some Sellers Still Suffer

As home sale prices rise, overall home equity rises, and consequently more and more mortgages are no longer “under water.”  1.3 million homes that were previously worth less than the mortgages on them came back into positive territory in the … Continue reading

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Home Price Bottom or Bubble?

Home prices rose, just barely, in the second quarter of this year annually for the first time since 2007, according to online real estate firm Zillow. That prompted the popular site to call a “bottom” to home prices nationally. The … Continue reading

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Now It’s the Big Banks That Are Getting Foreclosed On

Call it a case of man bites dog. Since the start of the housing crash, millions of Americans have lost their homes to foreclosure. Many of them lived in homeowner or condo associations. These are organizations that collect monthly dues … Continue reading

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What Recovery? Home Prices May Hit Roadblock Soon

The recent growth in U.S. home prices may hit a roadblock in the coming months, thanks to a new supply of distressed properties hitting the market. Banks are moving more delinquent loans through the pipeline at a faster pace, according … Continue reading

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Denver Post reporter honored for foreclosure series

Denver Post business reporter David Migoya was recognized Friday by the National Association of Real Estate Editors for his reporting on Colorado’s foreclosure system. Migoya’s coverage of the state’s public-trustee system and the players that influence how homes are taken … Continue reading

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