Home Foreclosure and Debt Cancellation

Have you received a 1099-C from the sale of your home or restructuring of your mortgage debt?   Please don’t panic!  If you had a mortgage foreclosure, home short sale or mortgage restructuring,  ask your tax accountant about the Mortgage Forgiveness Debt Relief Act of 2007. According to the IRS Update Dec. 11, 2008, “the Mortgage Forgiveness Debt Relief Act of 2007 [...]

Read Full Post »

1150 Norma Court Milliken, CO*Approved at $136,000

This beautiful home has just received an approved price reduction from the lender to $136,000!  It is priced to sale and you can expect a very quick turnaround from the lender.   The homeowners continue to take excellent care of this 2-story home located in a quiet cul-de-sac. Beautiful large back yard with wooden fence, nice landscaping, amazing playground, [...]

Read Full Post »

Foreclosure and Man Bulldozes Home!

According to RealtyTrac U.S. Foreclosure Market Report, 1 in every 352 households in the United States had received a foreclosure notice in March 2010. Here is a video of an Ohio man faced with a long-term battle of home and business foreclosure. He took desperate measures and bulldozed his beautiful home. I know times are [...]

Read Full Post »

Home Default Factors

The decline in home prices and mortgage affordability are two major factors that influence home mortgage defaults. When home prices stabilize and more people are able to afford mortgage payments, we will see less homes go into default. We won’t get into how lenders can further help homeowners stay in their home with permanent loan [...]

Read Full Post »

IRS Tax Liens Removed for Short Sales!

The IRS will temporarily remove a federal tax lien for you to short sale your home if you successfully complete the Certificate of Discharge of Property From Federal Tax Lien. The tax lien follows the person and not the property. In order to request a tax lien removal, you should visit the IRS website at [...]

Read Full Post »

Home Short Sales Require 2009 Tax Returns

If you are currently unable or anticipate that you will not be able to make future mortgage payments, you may qualify for a short sale from your lender. A short sale occurs when a home is sold for less than the balance owed on a secured loan. In a short sale, the lender agrees to [...]

Read Full Post »

Larimer and Weld County Home Short Sales in 2010

  It is interesting to see the volume of residential (including income properties) short sales in Larimer and Weld County from January 01, 2010 to February 15, 2010. Notice that residential short sales in Larimer County received an average 96 percent of their asking price while Weld County received an average of 92 percent of [...]

Read Full Post »

Northern Colorado Home Sales in 2009

Table Created by Margaret C. Blythe Margaret C. Blythe “Yes, I Can!” Broker Associate Keller Williams Realty Serving Northern Colorado Phone: 970-412-7591 Email: mail@margaretblythe.com Website: www.margaretblythe.com Blog: www.margaretblythe.blogspot.com Blog: www.margaretblythe.wordpress.com

Read Full Post »

Northern Colorado Home Sales in 2009

Table Created by Margaret C. Blythe Margaret C. Blythe“Yes, I Can!”Broker AssociateKeller Williams RealtyServing Northern ColoradoPhone: 970-412-7591Email: mail@margaretblythe.comWebsite: http://www.margaretblythe.com/Blog: http://www.margaretblythe.blogspot.com/Blog: http://www.margaretblythe.wordpress.com/

Read Full Post »

Considering a Short Sale in Fort Collins, Greeley, Loveland or Windsor Colorado Areas?

Should I Consider a Short Sale In Northern Colorado? If a Northern Colorado homeowner owes more on their property than it is currently worth, then they can hire me as their real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property [...]

Read Full Post »

What is a CDPE?

A Certified Distressed Property Expert® (CDPE) is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales. Often, when other [...]

Read Full Post »

What are Residential Sales in Northern Colorado?

City Regular Sales % of Total Sales REO, HUD, Lender Owner % of Total Sales Short Sales % of Total Sales Total Sales Ft Collins 1790 87% 178 9% 99 5% 2067 Greeley 562 51% 442 40% 92 8% 1096 Loveland 709 73% 176 18% 92 9% 977 Windsor 240 75% 56 17% 26 8% [...]

Read Full Post »

What Is A Short Sale?

A short sale occurs when a home is sold for less than the balance owed on a secured loan. In a short sale, the lender agrees to sale a home for lower than the amount owed by the home owner. The lender has the right to approve or disapprove a home offer. In most cases [...]

Read Full Post »