Monday, December 7, 2009

Fun things to do in Longmont CO this Holiday Season!

There a lot's of opportunitys to enjoy and celebrate the Holiday Season in Longmont this year.  Please see the link for more information.

Thursday, December 3, 2009

New Short Sale Goverment Plan to help Homeowner avoid Foreclosure.

Here is some great information on how the new government plan to help homeowners avoid foreclosure. I am a Certified Distressed Property Expert and can help you or someone you know avoid foreclosure. Please contact me if you would like more information.

This is great news. Some short sales have been a nightmare. I have one I am working on now that has had an offer on it for over 3 months. It has been a frustrating experience for everyone involved, the Seller, the Buyer and the Realtors. Some banks have been more responsive than others and I am looking forward to these new rules that will enable me to get the job done in a timely manner.

RE/MAX Video explains the new rules for short sales

Wednesday, December 2, 2009

Rules unveiled to speed housing "short sales"

The Treasury Department just unveiled sweeping rules designed to speed up short sales. Homeowners can even get $1,500 to help cover their moving costs. The plan is designed to help who don't qualify for a loan modification under the Making Home Affordable program. Short sales reduce the damage to the borrower's credit record and save the lenders the cost of foreclosure. Short sales also help property values because the sales price is usually higher than what it would be in a foreclosure auction. Please see the full article for a list a qualifications. Short Sales have been a nightmare for seller's, buyers and Realtors so I hope this is enacted quickly.

Saturday, November 21, 2009

Informative Video explaining the expanded and extended tax credit.

Here are the answers to the questions many people have about the expanded and extended tax credit.  Contact Kathy if you would like to take advantage of the time sensitive opportunity.

Friday, November 6, 2009

Homebuyer Tax Credit has been Extended and Expanded!!

The first time homebuyer tax credit has been extended and expanded!! It now includes a $6500 Tax Credit for existing homeowners who purchase another home!! If you are considering moving “up” this is a great opportunity. The demand for entry level homes has increased and there are some good buys out there for the move up buyers. The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.The credit is equal to 10 percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time homebuyers and $6,500 for others. Buyers who have owned their current homes at least five years would be eligible, subject to income limits, for tax credits of up to $6,500. First-time homebuyers — or people who haven't owned homes in the previous three years — could get up to $8,000. To qualify, buyers have to sign purchase agreements before May 1 and close before July 1. Contact Kathy if you are interested in taking advantage of this great opportunity!!

Saturday, October 31, 2009

Homebuyer Tax Credit may expanded

1st time home buyer credit, most likely it will be extended until next summer, AND MAYBE, once the house and senate reconcile the different proposals, there will be a $6,500 tax credit for NON-first time buyers! Yea!!! They are also looking at raising the income limits in order to allow more people to qualify for the tax credit. Right now it looks like buyers must have executed purchase agreements in hand by April 30th, and then will have until the end of June to close. Stay tuned as I am sure this will change a bit, but that is the latest news

Wednesday, October 28, 2009

Certified Distressed Property Expert

I just finished a wonderful 2 day class to obtain my CDPE certification. This certification enables me to help people that are at risk of foreclosure. Our real estate market in Longmont has been dealing with foreclosures and short sales for some time. A short sale is when a seller must sell their home but owes more than it's worth in today’s market. We, the seller and I, negotiate with the lender to accept less than what is owed on the property to facilitate a closing. This process can be difficult and time consuming and the Seller must provide the lender with financial documentation and show hardship. It is very important that the Seller is willing and able follow through with all the documentation that is required and explains what has changed in their lives to make it difficult to make payments on the mortgage.

Realtors do not need this certification to help Sellers with short sales, but the knowledge I gained by taking this class will certainly be beneficial to everyone who is involved in a short sale. If you know anyone who may need this kind of help, please let me know.