by Jon Terry | Apr 3, 2013 | Blog, Colorado Living, Foreclosure
Colorado’s foreclosure-filing rate is looking brighter. This February, it dropped 20 percent from January and 44 percent from February 2012 For the last couple of years, Colorado has had among the top 10 highest foreclosure filing rates in the nation. Last month, we...
by Jon Terry | Jan 5, 2013 | Foreclosure
Declines in foreclosures this year have been larger than expected. Foreclosure filings in twelve Colorado urban counties (including Denver, Adams, Arapahoe, Boulder, Broomfield, Douglas, El Paso, Jefferson, Larimer, Mesa, Pueblo and Weld) have fallen to their lowest...
by Jon Terry | Apr 17, 2012 | Blog, Foreclosure, Mortgage Guidelines
The new, revamped HARP program is now available in Colorado and nationwide. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the conforming mortgage loan...
by Jon Terry | Apr 2, 2012 | Blog, Buying A Home, Foreclosure, Housing Analysis, Residential Real Estate, Short Sale
After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February of 2012, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national...
by Jon Terry | Oct 25, 2011 | Blog, Foreclosure, Mortgage Guidelines, Mortgages, Personal Finance
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. With average, 30-year...
by Jon Terry | Oct 11, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory...