BEWARE OF FORECLOSURE SCAMS
April 15, 2009 by Rebecca Hansen · Leave a Comment
Hello all. Please read the following carefully and pass it along to anyone you know.
There are many “Foreclosure Rescue” scams beginning to surface in light of the government’s moves to help prevent foreclosures.
Here are some things to remember:
There is never a fee to get assistance or information about the government’s Making Home Affordable program.
Beware of [...]
Bailout Cash to Benefit Homeowners?
January 29, 2009 by Bob Schenkenberger · Leave a Comment
The fed is finally trying to get some of the bailout money into programs that may benefit those most in need. I’m not sure if it will actually get there, but there seems to be a movement away from bailing out the banks, towards bailing out homeowners. This is a much needed policy change, as [...]
Denver Short Sales and Why They Suck!
December 18, 2008 by Bob Schenkenberger · 7 Comments
I have been told on three different properties in the $200k-$250k price range that they are no longer accepting showings as they have multiple offers. In my case it was actually 5 or 6 offers on the property. Short sale properties are a huge pain in the backside for a buyer.
I don’t mind [...]
8 Perspectives on the “Bailout”
December 5, 2008 by Bob Schenkenberger · Leave a Comment
Here are some pretty funny cartoons portraying the Federal Government and the $700 billion (some think the total could be closer to $7 Trillion!) Bailout Plan.
Is it Economic or Psychologic?
December 5, 2008 by Bob Schenkenberger · 1 Comment
According to an article in the Rocky Mountain News, foreclosures will be down significantly in 2008 vs. 2007.
There were 14 percent fewer completed foreclosures in the first nine months of this year compared to the same period in 2007, according to the report released on Thursday by the Colorado Department of Local Affairs’ Division of [...]
The Fed ALMOST Got it Right!
November 25, 2008 by Bob Schenkenberger · Leave a Comment
The Fed announced today it will purchase up to $600 billion in mortgage backed securities issued by Fannie, Freddie and Ginnie Mae.
As a result, 30 year fixed rates drop to 5.50%. This is great news! What isn’t such great news is that those in need of a “hand up” are NOT going to get [...]
Wall Street Screwed Main St. (and themselves!)
October 10, 2008 by Bob Schenkenberger · Leave a Comment
The subprime mortgage mess, and questionable lending practices may have started this debacle, but the Wall Street brain trust are to blame for the full blown financial meltdown.
Greed and suspect ethics are the reason the financial infrastructure of this country is in a state of chaos. But instead of letting these companies [...]
Give me $85 Billion and I’d Throw a Party!
October 9, 2008 by Bob Schenkenberger · 2 Comments
I guess I’m not the only one. It’s really quite maddening!
Check this out from the AP
Thursday, October 9, 2008
WASHINGTON – Days after it got a federal bailout, American International Group Inc. (AIG) spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the [...]
What it’s Like Dealing with Foreclosures & Short Sales
August 25, 2008 by Bob Schenkenberger · 2 Comments
I saw this video, laughed out loud, and immediately though that this is what I feel like dealing with the incompetence among the countries big lenders.
Stonewalled and ran around, day after day, their actions and attitudes communicate an overwhelming aire of indifference! [Read examples from previous posts here and here ]
If you are considering [...]
Investor Properties
May 28, 2008 by Bob Schenkenberger · Leave a Comment
photo credit: cioproject
I’m witnessing an interesting trend. Investment property opportunities are much tougher to come by than only a couple months ago!
Earlier this year, we were finding 2-3 properties per week that would meet our “Great Deal” or “Wholesale” criteria. That is, a property available for purchase at a price that was [...]
