A Surprise For Our Saturday in Westminster, CO!

Westminster, CO - A beautiful Spring day in Colorado has "sprung" upon us overnight!  Of course, we did get a "heads up" about this Spring snow storm, but we are always skeptical about weather reports during this time of the year!  I mean, the weather reports can fluctuate hourly in this "Mile High City"!

Now, keep in mind... that in Colorado, our greatest amount of snow falls occur during the March and April time frame!  Number 1 and number 2, respectively!  Actually, we have had a somewhat mild Winter with the cold and snow this last season.  When that happens it tends to spoil us with the warmer weather.  It did reach up into the 70 degrees range, last week!!

 

As I look out my windows towards the streets, I have decided, with a mutual agreement of my clients, to NOT venture out today to view a property about 8 miles to our South.  We have learned in Denver, that it is NOT always a desperate situation to view a property when safety is at risk... so let's not place ourselves and our clients in harm's way!!

Besides, I now have time to view my blogs and other real estate activity that can be worked at home while waiting out a Spring snow storm in Denver, Colorado.

Take the time to visit my Facebook Fan Page!!

 

Search for Your Dream Home in Arvada under $650,000!

 

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SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $450,000, HERE!!

Thanks for reading this,  Dan Hopper.
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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
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Market Trends and Equity Improves!

Westminster, CO - The market trends and equity levels are showing improvement through-out the country and in the Broomfield and Westminster areas!  This is a very welcomed trend after so many years of negative growth in sales and home values!

While we have seen sales grow by 14% in Single Family homes and 12% in Condos / townouses, we are seeing a negative element take place.  YES, the home inventory is way down!!!  As low as it has been in over 23 years!!

Broomfield / Westminster Stats PDF

This low inventory is NO DOUBT going to cause a problem for the Buying Market.  Less inventory to view and MORE competition in winning a bid on what is available!!   From the Sellers standpoint, they would have a great opportunity to capitalize on the low inventory and get their homes SOLD quicker than in many year's past!!  For more details click here...

ONE MORE BIG ISSUE, is the Equity in the current homes, today!  WHY??  We have about 38.1 million homes that have positive equity to sell and cover selling costs and apply towards their next home acquisition!  There are STILL about 10.4 million homes that are in a "negative" equity position!!

As we move into the 2nd Qtr, we are seeking more homeowners that may want to sell, and increase our current home inventory in order to continue this Market Trend that is moving in positive direction!  With an increase of 5-7% more in home values, we could witness a positive increase in Home Equity in approximately 1.8 Million homes!!
This increase would certainly help the trend to continue upwards thus creating more activity in buying and selling!!  A shot in the real estate arm is so necessary to boost the economy and reduce the "woes" of foreclosures and short sales!  Unemployment has shown to drop, but there are still indicators out there that does NOT believe that is the real truth to those numbers.
What do you say??  Let's get on board and make 2013 another great year in the real estate industry!!

SEARCH FOR HOMES IN BROOMFIELD UNDER $450,000!

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SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $450,000, HERE!!

Thanks for reading this,  Dan Hopper.
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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
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Colorado Association of Realtors® News!

  Westminster, CO -  It is always encouraging to see what your Realtor® association is doing to support it's members and contribute back to the community.  

Colorado's Association has taken it's rightful place in being a very strong organization in promoting it's profession!

SEARCH FOR HOMES IN BROOMFIELD UNDER $450,000!

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SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $350,000, HERE!!

Thanks for reading this,  Dan Hopper.
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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
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"Disgusting Lender To Watch Out For!!"

Westminster, CO - Wow, not much to say about this organization that is GOOD or POSITIVE, when working a short sale situation for your client!!

They are called, "21st Mortgage Corp", based out of Knoxville, TN.  Their main business is to provide loans on Manufactured Housing!!   Recently, and that is probably over the last couple years, they have gotten into servicing loans.  GMAC, has been releasing their loan service business, and 21st Mortgage Corp has picked up some of that business!!

Now, here is where it gets interesting.  When you review their website at https://www.21stmortgage.com/web/21stSite.nsf/GMACCustomer?OpenForm, you will see some disturbing policies, if you can stop laughing long enough, on what they will do in the event 21st Mortgage is a 2nd lien holder. 

To make this a short story, their policy is to ONLY accept a short pay-off (now remember this is when they are in a 2nd lien holder position), that the value is equal to the 1st lien holder's percentage!!  So, let's say that the 1st lien holder is getting 81% of their loan balance, 21st Mortgage wants the same percentage of their loan balance, on a short sale pay-off!  OK<< have you stopped laughing???

We are NOW, experiencing this with one of our short sales, in which the 1st lien holder is CitiMortgage (they have been absolutely terrible in working their part, over 4 mos now), and 21st Mortgage the 2nd lien holder.  The original was GMAC, then after about 90 days in default, they released their loan servicing to 21st Mortgage.  

I am not so sure why anyone would pick up the loan servicing of a note that is in 90 day default, or maybe 21st Mortgage got to the investor and decided to BUY this note at a discount (8 - 10 cents on the dollar) to become debt collectors!!  Either way, was a very dumb business decision!!  

Their debt collecting efforts have been very abusive to our client, and they continue to contact her when she is explaining to them that home is on the market and there is a short sale team in place for them to communicate with and to leave her alone!!  Do they listen to her.. NO!!

We have submitted a request to Senator Michael Bennet's office to expedite the abuse and unwillingness to negotiate in good faith the short pay-off!!  We shall see what kind of efforts the Congressman will have with the CEO of 21st Mortgage Corp.

Bottom line .... they may end up forcing this to a foreclosure situation.  BUT HEY, those geniuses at the top, will have the opportunity to make ZERO, when that happens!  Maybe they should re-evaluate their JOKE of a policy on 2nd lien holder short pay-off percentages!!

The saga shall continue....

Search for Homes in Broomfield under $450,000!

View Broomfield / Westminster Areas! in a larger map

SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $350,000, HERE!!

Thanks for reading this,  Dan Hopper.
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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
Thank you for reading, "Disgusting Lender To Watch Out For!!"

"That's What We're Talking About!!"

Westminster, CO - YES!!  We are so very encouraged to see how our January 2013 stats increased over December 2012 stats in real estate closings!!
The good news is that more closings took place, the not so good news is WE NEED MANY MORE good Homes on the market to continue this positive increase in our local real estate market in the Great Denver Metro and Front Range areas!!

JANUARY 2013 DENVER METRO STATS

" Traditionally, January is a slower month than December, but January 2013 finished with the number of homes put under contract up 43% over December.  More evidence of this remarkable month can be seen in the 7,094 inventory of homes available for sale. This mark is the lowest in 23 years. Additionally, the weekly sales rate of 14.43 is the highest on record since 1990." by Denver Metro Association of Realtors®

You can review the stats by clicking on the Denver Metro Stats link above and other location, below!!  

This is a great time for those Home owners sitting on the fence . . . make the decision ro prepare your home to be marketed, NOW . . . rather than later in April and May, when ALL the other home owners decide to try and sell their homes!!  

You will only create MORE competition for the buyers that are out there!!  Time to review what my home seller videos and prepare your home to get the highest value in the shortest time that the buying market will pay!

Dan's Videos for selling your home and marketing you home though videos!! (click projector, above)

JANUARY 2013 DENVER METRO STATS

Search for Homes in the Arvada, Colorado area under $450,000!!

For more real estate information in Arvada and Westminster, contact Dan Hopper!



View Broomfield / Westminster Areas! in a larger map

SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $350,000, HERE!!

Thanks for reading this,  Dan Hopper.
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FORECLOSURE SEARCH, click Sign:

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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
Thank you for reading, "That's What We're Talking About!!"

"Do We Have a Challenge Or What?"

  Westminster, CO -  Oh BOY, now the fun begins!!  How many times have you come across a situation you just DO NOT KNOW much about, and must still take care of your client's needs, because you are their Real Estate Advocate for their short sale??
This has recently happened to one of my short sale listings!  The 2nd lien holder, GMAC, has released their service on this loan, right in the middle of negotiating the short pay-off!!
What is worse, is the new loan servicer of the 2nd lien holder, and that amout is probably around $32,000, is 21st Mortgage Corp!   Yes, this is a new loan provider for me to deal with.  Mind you, I do have a short sale processor to work my client's short sale process so that I CAN DO what we do best.... Marketing!!  If you clicked on their link, you would know that they are a lender for manufactured housing! (Kind of reminds me of Green Tree lending)

Of course, my short sale processor has NEVER heard of this company, so needless to say, but I will... nor dealt with them, and do not know anything of them, either!!
 My Client informed me, yesterday, that the debt collection dept. of 21st Mortgage called her to say she was behing in payments... DUH!!  She did tell them we were in the middle of negotiating a short sale with GMAC when they pulled the carpet out from underneath her.  Of course, they do not care!
The rep proceeded to tell my client that if they are working a short sale, and with them being the 2nd, they want the same percentage as the 1st lien holder is getting!  RIGHT!!  The 1st lien holder's debt is around $136,000, and we are under contract at $140,000.
So, with all this being said ... I can imagine the fun we shall have on this short sale process!! 

ANY THOUGHTS FROM YOU SHORT SALE EXPERTS THAT HAVE COME ACROSS THIS LENDING INSTITUTION??

Search for Homes in the Arvada, Colorado area under $450,000!!

For more real estate information in Arvada and Westminster, contact Dan Hopper!



View Broomfield / Westminster Areas! in a larger map

SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $350,000, HERE!!

Thanks for reading this,  Dan Hopper.
Instant Search for COLORADO HOMES, click Sign:




FORECLOSURE SEARCH, click Sign:

FOLLOW DAN HERE:

Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
Thank you for reading, "Do We Have a Challenge Or What?"