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Boulder, CO Real Estate News

By Dave Dugdale
(RentVine)
New Video I just released on creative ways to break your lease.
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer Ownership Has its Benefits If you or someone you know are still paying a landlord's mortgage instead of building equity of your own, see what you're missing. Check out some of the other financial benefits of being a homeowner.Typical Tax Deductions for Homeowners Mortgage interest – One of the biggest tax incentives to owning a home is that the interest you pay on your mortgage is tax-deductible, up to $1 million. This deduction applies to any kind of home, including a second home under certain conditions. Real-estate taxes – As a homeowner, you can deduct the local property taxes you pay each year, too. This applies to both your principal home and any others you may own. Points – If you (or even the seller) paid points to the lender to secure your mortgage, you may ...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer The U.S. Postal Service announced that the price of a first-class stamp will increase from 42 cents to 44 cents on May 11, 2009. That gives you plenty of time to stock up on what the Post Office calls its “Forever Stamp,” a special stamp that has no price denomination printed on it but is good for any first-class letter weighing up to one ounce -- forever, no matter how much postal rates increase in the future. This means you don't have to locate and horde a bunch of one- and two-cent stamps to mail your letters after the increase. You can simply purchase these special stamps at today's 42-cent rate and use them now or in the future, even if postal prices double or triple. The forever stamp, an idea adopted in Europe years ago, was adopted in the US in 2007 and featu...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer During the first quarter of 2009, the first 100 days of the new President's term, you are no doubt going to hear a lot of news stories about the economic stimulus plan and the financial rescue package and their possible ramifications to the real estate and mortgage markets. You're going to see headlines about new incentives for home buyers and hear stories about 4% interest rates. But the truth is that right now, at the time of the writing of this article, the government already has in place one of the largest tax incentives for qualifying home buyers it has ever offered - up to an $8,000 tax credit for first-time buyers, and mortgage rates are within a half a point of being the lowest they've been in our country's history. The truth is that, while all of this is gre...
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By Brian Quigley - 720-524-3215, COBROKER1 - NMLS#2085418 Beacon Lending
(The Mortgage Network NMLS#244003)
Borrower is builder who bought existing home for $500K in 9/08   He tore it down and built a new owner occupied home which sits on 1 acre   He owes $450K on first, and $150K on second   He wants 100-150K cash out   I need a refinance, probably hard money   He is self employed, with hard to prove income. DTI will probably be high   Will appraised for 1.4 million   55% LTV CALL or email me at loans@brianquigley.com 720 949 5630 LOCAL BROKERS ONLY!
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer By David Wessel Mortgage rates continue to fall, a boon to homeowners eager to refinance mortgages and to those courageous enough to ponder buying new houses. And, in an unusual development, rates on adjustable rate mortgages exceed those on 30-year fixed-rate loans, according to mortgage giant Freddie Mac. Rates on 30-year fixed-rate mortgages fell to 4.78% in the week ended April 30, matching the one set in the week ended April that was the lowest since mortgage giant Freddie Mac began tracking the rate in 1971. The comparable rate a year ago averaged 6.03%. The decline, in part, reflects the aggressive moves by the Federal Reserve to push down mortgage rates by buying mortgage-backed securities and lending to Freddie Mac and its sibling Fannie Mae. Freddie Mac sai...
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I just had another rental scammer from Nigeria try to post a listing on my site with a stolen credit card today. These guys waste my time, so I thought I would blow off some steam and make this short video (and waste some more time!). Please watch the video here. (Don't worry I am not blending real people)
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer   By Nick Timiraos Associated PressBank of American and Countrywide offices in Pasadena, Calif., last year. Bank of America is retiring the Countrywide name and rebranding the home mortgage lender as Bank of America Home Loans. The Charlotte-based lender acquired Countrywide last July for $2.5 billion, as the housing market imploded, many of Countrywide's loans soured, and the Calabassas, Calif.-based lender struggled to find new sources of capital. Countrywide, founded in 1969, had been blamed for aggressive lending practices that helped, in part, to fuel the housing boom, and the company faces a federal investigation and several lawsuits concerning its business practices. In launching the new Bank of America Home Loans brand, the bank said it would offer customers ...
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Christopher Shearer Home Valuation Code of Conduct   I. No employee, director, officer, or agent of the lender, or any other third party acting as joint venture partner, independent contractor, appraisal management company, or partner on behalf of the lender, shall influence or attempt to influence the development, reporting, result, or review of an appraisal through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, bribery, or in any other manner including but not limited to: 1) withholding or threatening to withhold timely payment for an appraisal report; 2) withholding or threatening to withhold future business for an appraiser, or demoting or terminating or threatening to demote or terminate an appraiser1; 3) expressly or impliedly promising future...
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By Jacqui Jeffress
(Main Street Group @ Keller Williams)
A few weeks ago I made a new friend. I had been doing one of my favorite things - going to a new art exhibit. It was being held at the new Open Studios office space on Spruce Street in Boulder Colorado. Believe it or not, I went by myself and was having a good time even after driving around a bit looking for a parking spot. Note to self: learn how to ride a bicyclesince that seems to be the popular mode of transportation in Boulder!I spent a pleasant hour saying hello to artists that I knew and viewing some of the exhibits there. I also spent a long time salivating over a particular oil that I would have loved to add to my collection. However,my checkbook simply would not expand to the $2,500 that the artist was looking for. If that lottery ticket would just pay off I would run right ba...
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"Boulderite" someone who lives and prefers to live in Boulder Colorado,  possibly a liberal on most everything, an environmentally and healthy conscious person,  a  "green living"  focused person,  someone that loves bike to work in the snow,   a person that loves  to run or bike UP the mountain,  someone that drives a Subaru,  a person that loves to talk about Boulder  issues.  I  tried to tell my mother that they make hot dogs out of prairie dogs here in Boulder but she couldn't believe anyone would hurt those cute little things. Read more and download your Boulder Relocation Guide
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer The most common type of medication used for treating ADHD is called a "stimulant." Although it may seem unusual to treat ADHD with a medication considered a stimulant, it actually has a calming effect on children with ADHD. Many types of stimulant medications are available. A few other ADHD medications are non-stimulants and work differently than stimulants. For many children, ADHD medications reduce hyperactivity and impulsivity and improve their ability to focus, work, and learn. Medication also may improve physical coordination. However, a one-size-fits-all approach does not apply for all children with ADHD. What works for one child might not work for another. One child might have side effects with a certain medication, while another child may not. Sometimes sever...
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By COhomefinder.com Colorado Realtors, Find Homes in Colorado
(COhomefinder.com- Denver Luxury Homes, Condos & Properties)
                Looking for BOULDER COLORADO SHORT SALE EXPERTS? Look no further! Whether you need to sell your home in Boulder Colorado doing a SHORT SALE, or if you are looking to buy a SHORT SALE IN BOULDER COLORADO, fill out our easy COLORADO SHORT SALE  form to get the help you need.                       In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the o...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer A. Specific Settlement Costs This part of the Booklet discusses the settlement services which you may be required to get and pay for and which are itemized in Section L of the HUD-1 Settlement Statement. You also will find a sample of the HUD-1 form to help you to understand the settlement transaction. When shopping for settlement services, you can use this section as a guide, noting on it the possible services required by various lenders and the different fees quoted by service providers. Settlement costs can increase the cost of your loan, so compare carefully. 700. Sales/Broker's Commission: This is the total dollar amount of the real estate broker's sales commission, which is usually paid by the seller. This commission is typically a percentage of the selling pri...
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By Troia Team
(Coldwell Banker)
Generally, I receive tons of junk mail and end up tossing or shredding most of it. This month with my water bill was an informative pamphlet about being water-wise. I thought this would be good information to share with those of you that didn't receive this good piece of junk mail. There are several ways we can be water-wise: Read more and find out how you can save water
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
BUSINESS AND INDUSTRY GUARANTEED LOANS (B&I)  The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits. It is not intended that the guarantee authority will be used for marginal or substandard loans or for relief of lenders having such loans.  How does the B&I Guaranteed Loan Program compare to the Rural Energy for America Program Guaranteed Loan and Grant?To assist you in determining which program best fit your needs this comparison chart identifies the programs common and distinct requirements i...
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A Boulder high school junior wants to rename Boulder High School to Barack Obama High School in honor of the new president.  While it is admirable that this junior is civically involved, this just seems like a huge waste of time for everyone involved.  The school board is going to consider the request, but it is unlikely to meet the necessary criteria for approval.Incidentally, this junior student is also a member of the Student Works Club (which is the group behind the proposed name change).  The Student Worker Club attracted a lot of negative attention a couple years ago when it boycotted the Pledge of Allegiance, particularly the phrase 'one nation under God.'Considering this groups history, the current economic climate (where wasteful activity isn't very economically productive), an...
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By Troia Team
(Coldwell Banker)
One hundred years ago, in January 1909, the Hotel Boulderado opened it's doors. The Hotel Boulderado has been a landmark in Boulder since opening new year's day in 1909. The hotel was named after Boulder and Colorado so that everyone would remember the hotel's location. In 1905, Boulder's city council wanted to grow the city of 8,000 people by providing a luxury hotel. Stock was sold at $100 per share to raise funds to build the hotel. Even back in 1909 the hotel had many comforts, all bedrooms were fitted with light fixtures that ran on both natural gas and electricity. The hotel had a huge coal furnace which was stoaked 24 hours a day to keep the hotel warm and provide hot water to its guests. Rooms back then went from $1.00 - $2.50 per day! Read more about the Hotel Boulderado
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By Rob Kelly, Louisville Colorado Realtor
(RE/MAX Alliance)
 We had out second Denver Foreclosure Tour of bank owned and HUD homes this past Saturday, December 13.   Great time, we saw 6 potential investment properties in the Thornton, Northglenn and Westminster neighborhoods.   On the bus we had yours truly, Rob Kelly, Realtor with RE/MAX alliance in Louisville,   DJ Robbins, Mtg. Broker with Golden Lenders, and Evan J. Hughes, home inspector with Colorado Pro Inspect, LLC.  We had a team from Japan's NHK (National Public Broadcasting) on board.  The Japanese are in the U.S for two weeks documenting the state of the U.S. Economy.  They will be compiling a New Years eve special on the  U.S Housing Market, Energy, and National Security. 26 potential buyers joined us for this tour of North Denver Metro bank owned and HUD homes.   Most were investo...
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