Take Advantage of Record Low Rates Before They RiseAccording to Freddie Mac, interest rates on both 30 year and 15 year fixed loans fell to new record lows, at 3.89 and 3.16% respectively. Even with a large inventory in residential and investment properties to choose from, sales are still sluggish. The chief economist for Freddie Mac suggests that low interest rates may cause home buyers to hesitate because they may expect them to fall even further, but rising rates which often accompany an improving economy, can give potential buyers a reason to act before rates and home prices become less affordable. Click here for details For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in Posted on February 05, 2012 13:18:23 by The Hughes Team
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Tips for a successful loan modification1. Determine if you qualify by accessing a questionnaire provided by the U.S. Treasury Department. 2. Compile the information that server wants. 3. Don't exaggerate your financial shortcomings 4. Packages with obvious errors may fall to the bottom of the pile, make sure your information is filled out accurately and completely. Use a cover sheet that identifies all documents in your package. Write your name and loan number on every page. 5. Assure delivery by using fax or certified mail, or use DMM Document Wizard. 6. Follow up, and follow up again. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in Posted on February 03, 2012 19:52:59 by The Hughes Team
Posted in Seller's Information, Mortgage Information
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Housing Crisis to end in 2012Capital Economics expects the housing crisis to end this year, one of the reasons being the loosening credit. The experts say that the market indicators point to a stabilization of mortgage lending standards as well as loosening of available credit. Banks are loosening the loan-to-value (LTV) ratios which Capital Economics sees as the clearest sign yet of an improvement in mortgage credit conditions. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in Posted on January 31, 2012 17:28:00 by The Hughes Team
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Urban Renewal Authority in default on N. Nevada projectThe shopping center on N Nevada, anchored by Costco, Kohls, Lowe's and others has failed to generate projected revenues because of the economic downturn and has run into financial trouble. Being in default is not like a homeowner who has missed a mortgage payment and risks losing the property to foreclosure. Investors who purchase the bonds cannot take title to the shopping center, instead the Colorado Springs Urban Renewal Authority intends to launch talks with bondholders to restructure the debt. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in Posted on January 30, 2012 18:29:28 by The Hughes Team
Posted in Economic News
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Great remodeling ideasThis site, sponsored by the National Association of Realtors, provides great inputs on home improvements, small space solutions, maintenance, repair as well as improving the outdoors and also gives inputs on green living. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in Posted on January 28, 2012 10:20:09 by The Hughes Team
Posted in Seller's Information, Remodeling
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