3 Foreclosed Homes in Aurora (80013)

by John Dunn on January 27, 2010

These three homes in Aurora are located in the 80013 zip code which has been very active as far as homes being bought and sold. All three of these homes are in the $130K-$140K price range, and all of them have lots of potential.

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Investment Property in Golden

by John Dunn on January 14, 2010

Take a look at the video below to see a property with lots of potential.



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7 Myths About Short Sales

by John Dunn on December 30, 2009

There are millions of homeowners who are looking for answers and don’t know what to do. They are not alone and there are people with resources that can lead them in the right direction. As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. There’s an overwhelming amount of misinformation about the options available, especially short sales. To give you a better idea of the short sale option, and to set straight some of the myths you may have heard, I’ve decided to post this blog to clear up some misconceptions. Hopefully this post will clarify the following myths:

Myth #1) The Bank Would Rather Foreclose Than Bother With A Short Sale This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a short sale, the deal needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.
The qualifications for a short sale include:
• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
• Monthly Income Shortfall – “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
• Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

Myth #2) You Must Be Behind On Your Mortgage To Negotiate A Short Sale While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency. If you meet these three requirements and believe that [click to continue…]

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Home Loan Applications Rise as Interest Rates Drop

December 2, 2009

Recent home buying trends are showing that there are more home loan applications right now than there have been in the past few months. Along with that rise in home loan applications, interest rates on home loans have dropped below 5 percent on a 30-year fixed mortgage, according to one industry group.
The increase over the [...]

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Why Buy a Home? An investment in your future.

November 18, 2009

If you’ve been living in a rental property or apartment, you may not have given much thought to buying a new home. Sure, friends and relatives bug you about getting your own place, but you haven’t necessarily seen a good reason to do so.
Buying your own home, however, has several distinct benefits, each of which [...]

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Tips on Buying the “Right” Home

November 16, 2009

If you’re looking for a new home, chances are you have some idea of what you want. You might want a certain neighborhood with access to a certain school district, or you might need a certain amount of space. Whatever your situation, there are several factors that will go into determining if a particular home [...]

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This Weekend Check Out YOUR Denver Nuggets! ! !

November 13, 2009

Tonight the Denver Nuggets face off against Division rivals the Los Angeles Lakers.  Every time these two teams battle it is incredibly entertaining and usually predicts the outcome in the Play-Offs.  If you haven’t been to a Nuggets game lately the ticket prices are a bit more expensive but the beautiful Pepsi Center and high [...]

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