Denver Short Sales: Sell your home multiple times!

Denver Short Sales: Sell your home multiple times!
If there is one thing I stress to borrowers considering a short sale it’s that our job is to sell the home multiple times. I know that sounds funny on its face but allow me to explain. Today’s world is many things if not efficient. We have instant communication, instant news, instant food and coffee, information at our fingertips, etc… We have become accustomed to things we want or need happening quickly and efficiently. The problem is the short sale process is not efficient or streamlined by any means. In fact, I am hard pressed to think of any other financial transaction of equal...
read more

Chase overcharged and improperly foreclosed on veterans!

Chase overcharged and improperly foreclosed on veterans!
NBC was the first to report last week that JP Morgan Chase publicly acknowledged overcharging 4,000 military families for their mortgages. With that admission JP Morgan Chase CO also acknowledged improperly forclosing on some of the homes. The report came to light from a court case filed by Marine Captain Jonathan Rowles. In a statement to NBC News Chase chief communications officer Kristin Lemkau had this to say: “We are deeply appreciative of those who fight to protect our country and Chase funds a number of programs that provide benefits to military personnel and veterans, and while any...
read more

2nd Year of Record Foreclosures Expected!

2nd Year of Record Foreclosures Expected!
Colorado Still Top 10 in Foreclosures! What may be the worst year in the foreclosure crisis may have just begun! Banks repossessed 1 million homes last year alone. That’s the most amount of homes lost to foreclosure going back to 2005. One in 45 households received a foreclosure filing last year. 1 in 45 translates to 2.9 Million homes. “2011 is going to be the peak” said Rick Sharga, a senior vice president at RealtyTrac Inc. Sharga’s firm predicts 1.2 million homes will be repossessed this year by lenders. 1.2 million homes seems to be the conservative estimate, too! Mark...
read more