Shelli Dore’s Real Estate Blog

Posts Tagged ‘Shelli

Colorado home mortgage rates continue to sink this week, reaching 4.54 percent on a 30-year fixed loan Wednesday, according to Zillow Mortgage Marketplace.

Rates averaged 4.62 percent last week, 4.66 percent the week of Nov. 9 and 4.77 percent the week of Nov. 2, Zillow reported.

Zillow says its figures on mortgage rates are based on borrower credit scores over 680 and a down payment of 20 percent or more.

The average 30-year fixed nationwide rate was 4.57 percent Wednesday, Zillow said.

Separately, Freddie Mac calculated average 30-year fixed mortgage rates nationwide at 4.78 percent with an average 0.7 points for the week ending Wednesday, the lowest rate since April 30. Freddie Mac calculates average rates for a broader range of credit scores and down payments.

The average 30-year fixed rate was 4.83 percent last week. A year ago, it was 5.97 percent, Freddie Mac said.

Low rates and the homebuyer tax credits, continue to get much of the credit for a rebound in housing sales.

The Commerce Department Wednesday reported sales of new homes rose a better-than-expected 6.2 percent in October, although they slipped in the western states, including Colorado.

The National Association of Realtors says sales of existing homes surged 10.1 percent last month.

And a Metrolist Inc. report on Nov. 6 said that in the Denver metro area, home resales increased 2.9 percent in October from September, but were down 7.6 percent from October of last year.

Thursday, November 26, 2009
Denver Business Journal

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Your friend in the real estate business,

Shelli Dore

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…Remember! The next time you are in a conversation with someone who is thinking about a move – IN ANY CITY OR STATE IN THE US OR CANADA – call me first! I can help make sure your friends, family members and work associates are very well taken care of.

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Lauren Sherman, 03.30.09, 04:00 PM EST

U.S. migration may be down overall, but these vibrant metro areas are still attracting newcomers.

Unemployment is on the rise, credit is tight, and consumers aren’t spending–which means they aren’t picking up and moving much either. Very few places in America saw significant population growth in 2008.

But the buzzing metropolitan area of Denver bucked that trend. Its population increased by 2.17% in 2008. In 2007, it increased by 2.09%. In 2008, Denver was the 10th-fastest growing metro area in the U.S.

What’s Denver got that other places don’t? 

Click below or copy and paste this link in your internet browser for the complete article:

http://www.forbes.com/2009/03/30/americans-moving-cities-lifestyle-real-estate-relocating.html?partner=email

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Your friend in the real estate business,

Shelli Dore

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…Remember! The next time you are in a conversation with someone who is thinking about a move – IN ANY CITY OR STATE IN THE US OR CANADA – call me first! I can help make sure your friends, family members and work associates are very well taken care of.

Foreclosure Timeline

Colorado Foreclosure Information Part 1

Colorado Foreclosure Information Part 2

Basics of a Short Sale Transaction

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Your friend in the real estate business,

Shelli Dore

Find me on Facebook!
Connect with me on LinkedIn!
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…Remember! The next time you are in a conversation with someone who is thinking about a move – IN ANY CITY OR STATE IN THE US OR CANADA – call me first! I can help make sure your friends, family members and work associates are very well taken care of.

This is a great time to buy a home, condo or townhouse with the new $8,000 housing tax credit. This is available for first time home buyers, if you buy before December 1, 2009. If you ever wanted to buy a home, now is the time.  Ask yourself the questions below to see if you should take advantage of this great opportunity. 

  • Time frame to buy? – By December 1, 2009
  • First-time home buyer? – A buyer who has not owned a home for three years.
  • Married first-time buyer? – Both buyers have not owned a home for three years.
  • Claim tax credit? – Claim the tax credit on your federal income tax return.
  • Other form or forms? – No other form except your federal income tax return.
  • Credit limits? – Single $75,000, Married $150,000.
  • Building a custom home? – You qualify, but you have to occupy the home by Dec. 1, 2009.
  • Buying a new home? – You qualify, but the settlement day has to be by Dec. 1, 2009.
  • Tax credit pay back? – You are not required to repay except for certain conditions.
  • Access the tax credit now? – Change your withholding numbers.
  • Mortgage Revenue Bonds? – Allow tax credit home buyers to participate.
  • Loan credit? – State housing finance agencies to help buyers at closing by  advancing the credit amount as a loan.

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Your friend in the real estate business,

Shelli Dore

Find me on Facebook!
Connect with me on LinkedIn!
Follow me on Twitter!

…Remember! The next time you are in a conversation with someone who is thinking about a move – IN ANY CITY OR STATE IN THE US OR CANADA – call me first! I can help make sure your friends, family members and work associates are very well taken care of.

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If you or someone you know is facing foreclosure, I can help!  You do have options.

I am one of just a few Certified Distressed Property Experts (CDPE) in Colorado. 

The Developers of the Certified Distressed Property Expert Designation (CDPE) believe that in almost all cases the best person for a homeowner in distress to speak with is a well informed Licensed Realtor® that has the tools needed to help that homeowner find the best solution for their situation.

Foreclosure is a devastating financial and emotional process for a homeowner to go through, and in many cases they do so alone and without help of any kind.

An Agent who has earned the CDPE Designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with. The CDPE Professional is an agent who understands the full range of solutions and is ready to help.

While experiencing financial distress is difficult for any family, the process of finding a real estate professional shouldn’t be, Selecting a CDPE agent ensures you are dealing with a professional ready to address your needs.

If you are in a state other than Colorado and need the help of a Realtor who understands the intricacies of a looming foreclosure, be sure to give me a call.  I can help you find the right Realtor.

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Your Certified Distressed Property Expert,

Shelli Dore

Find me on Facebook!
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…Remember! The next time you are in a conversation with someone who is thinking about a move – IN ANY CITY OR STATE IN THE US OR CANADA – call me first! I can help make sure your friends, family members and work associates are very well taken care of.

From my lender friend Mark Afman
www.MarkAfman.com

CHFA (Colorado Housing and Finance Authority) http://www.chfainfo.com/ has been working hard to make their program more competitive. This includes dropping some of their programs altogether. They are now going to combine their 2 main programs to benefit more buyers. This program will be called the CHFA Home Opener.

As of March 2nd, this program will be for 1st timers and non 1st time buyers alike.

There will be no purchase limits.

The income limits are higher then before by a little bit but most importantly, the rates will be more competitive.

The down side of this is that the old “silent 2nd” for the down payment is gone. Now CHFA will still provide a 2nd in the amount of 3% of the 1st mortgage loan amount but buyer’s will have to pay a monthly interest payment equal to the interest of the 1st mortgage.

So if the rate on the first is 6% then that is the rate on the 2nd as well. The 2nd will be a 30 year fixed mortgage just like the 1st. This adds very little to the debt ratio. For example on a $150,000 loan, the 2nd would be $4,500 and at 6% the payment would only add $27.00 to the overall debt ratio. Read on…


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  • insurance colorado: this site seems different lol
  • Shelli Dore: Thanks for the feedback. I really appreciate it! BTW, I like your site and have bookmarked it in case I have someone looking for a modular home!
  • System Built Housing: Thank you for this blog, keep up the informative posting. I will be sure to reference it when needed throughout our website once we add our resources