Fort Collins Real Estate Blog
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Windsor Colorado Homes, Lake Views!
- League of Women Voters of Larimer County Oppose Uranium Mine Near Nunn
- Flashfloods Not Uncommon on Proposed Uranium Mining Site
- Powertech Pursuing More Land in Weld County
- Uranium Mining is Still a Threat to Northern Colorado
- What? No One Had Any Duct Tape?
- Uranium Mining Battle Escalates
- Mining Rules Get Overhaul
- Uranium Mining Firms Fail to Meet Many Standards of Restoring Groundwater
- Action Alert: 1872 Mining Act May Finally See Reform
- Foreign Ownership Issues Could Be Toxic to Uranium Companies' Mining Plans
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Colorado Foreclosures Heading Back up?
Colorado foreclosure filings up sharply in September - In September, foreclosure filings in Colorado's cities rose 71.9% over September 2008. However, state officials said the big increase was partly due to a change in laws that temporarily reduced new filings last year. There were 3,480 foreclosure filings in Colorado urban areas last month. The state is now releasing "official" foreclosure statistics as called for earlier this year by the state Legislature. Thursday's report covers the seven counties of the Denver metro area, plus El Paso, Larimer, Mesa, Pueblo and Weld counties. In September, foreclosure filings were up 56.2% in Larimer to 203 and 100% in Weld County to 294, compared to September 2008. View the full September 2009 Metropolitan Foreclosure Report.
http://www.bizjournals.com/denver/stories/2009/10/05/daily64.html
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Beautiful Fort Collins Golf Course Living.
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New Fort Collins Colorado Home for Sale.
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Fort Collins House Hunters Full Episode.
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House Hunters Fort Collins Old Town
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New Credit Reporting Guidelines. Fort Collins CO Real Estate Info
September 1, 2009-(MCT)-Even the most responsible borrowers slip up sometimes. Maybe a utility bill went unpaid after you moved and the missed payment went into collections. Or, perhaps there are unpaid library fines or parking tickets in collections that are hanging onto your credit history and affecting your FICO credit score, which is widely used by lenders to evaluate your ability to repay a debt. With the newest version of the FICO credit-scoring system, however, minor delinquencies are now overlooked in calculating creditworthiness. Under the updated scoring model, called FICO 08, small, missed payments lingering in collections with original amounts of $100 or less will no longer do damage to your credit score. Consumers also are less likely to be penalized for any single delinquency if it occurred two or more years ago-and if their credit history is otherwise unblemished, says FICO, formerly Fair Isaac Corp., which developed the FICO scoring system.
"There's more flexibility with missing a payment," said Careen Foster, director of global scoring product management for FICO. "If you have a more habitual pattern of paying accounts late, you're more likely to get penalized for that." If a consumer's credit usage is high, that will be more likely to hurt his or her score with FICO 08. But getting close to your credit-card limits-even if you always pay on time-is penalized in some way in every FICO score, not only the recent edition, Foster said.
The new system has been available at all three credit bureaus-Experian, TransUnion and Equifax-since last month. The changes were made to provide lenders with a better risk assessment of borrowers, said John Ulzheimer, president of consumer education for Credit.com, a consumer education and advocacy site. FICO decided that one small library fine didn't really predict whether a consumer was likely to default, for example.
With the changes, individuals who pose a low credit risk will probably see their scores rise a bit, and those who are high risk could see their scores drop, he adds.
FICO 08 also addresses "piggybacking," a practice used by credit-repair companies to help people improve their scores, Ulzheimer said. In piggybacking, an individual pays to become an authorized user on a stranger's account. The account holder gets paid for allowing the person to be associated with the account, and the new authorized user is able to improve his or her credit score.
"It was a practice to misrepresent what your credit looks like to your bank," Foster said. FICO 08 aims to single out individuals who are named as authorized sources through deceptive means, Ulzheimer said. Those people won't see their credit scores rise as a result. But the scores of legitimate authorized users will be treated as they always have been.
Borrowers shouldn't expect their credit to be graded by this new scale on every loan they now apply for. Not all lenders have adopted the new model, though more than 400 lenders are using or testing FICO 08, the company said. In a statement, Equifax said, "Currently, many lenders and businesses are validating the new score within their systems, and adoption will vary by financial institution based on business requirements and market need."
Many credit-card companies, auto lenders, regional banks and credit unions may have already adopted FICO 08, Ulzheimer said. But for mortgages, lenders doing traditional conforming loans backed by Freddie Mac and Fannie Mae likely haven't made the move yet, he said. That's because they're waiting for Freddie and Fannie to approve its use. Freddie Mac and Fannie Mae "are essentially the lender, they're the ones that set the underwriting criteria," he said. Ulzheimer said he expects Freddie and Fannie to adopt FICO 08 by the end of the year. Fannie declined to comment on FICO 08; Freddie wasn't able to provide a comment prior to publication.
While FICO 08 will help consumers' credit scores in some cases, people still should take steps to improve their credit. Granted, it's impossible for consumers to calculate their FICO scores themselves, said Rodney Anderson, of Rodney Anderson Lending Services in Plano, Texas. "It's almost like the Coca-Cola formula. No one has access to the Coca-Cola formula, no one has access to the FICO formula," he said. But by being proactive, you can start to work toward a higher score, something that will serve you well every time you apply for a loan.
Some suggestions for improving your credit score:
Call your local Lender. (www.realestatesuperheroes.com for info)
-Monitor your credit reports and correct errors. Look not only for negative events on your record, but also examine the credit limits to make sure they're accurate. If the credit limits appear lower on the report than they actually are, that has the potential to hurt your score.
-Pay bills on time and keep card balances low. Your payment history, and the amount you owe on your accounts as a ratio of the amount of credit you have access to, are important components of your score. FICO 08 is more sensitive to high credit usage, and consumers may see a lower score if their reported balance on one or more cards is near the account's limit.
-Take on new credit only when you need it. Some credit cards come with great offers, including a percentage off your bill if you sign up for one at the cash register. If you accept, make sure you're getting a big enough benefit to make it worthwhile-taking on additional credit could end up dinging your score
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Fort Collins Colorado Real Estate News (August 27th 2009)
Fort Collins housing market stabilizing - Mirroring a positive national report released Tuesday, Fort Collins' housing market is stabilizing, and experts predict the future is bright. For the first time in three years, the S&P/Case-Shiller Home Prices Index recorded nearly a 3% quarter-over-quarter increase, indicating a shift in the housing slump. Locally, experts indicate that shift has been evident in the Fort Collins market for the past few months. In May, median sales price for residential increased nearly 7 percent to $245,000, while attached residential for June rose by 9.5 percent to $162,000.
http://www.coloradoan.com/article/20090826/BUSINESS/908260328/Fort-Collins-housing-market-stabilizing
New-home sales surge 9.6%, mortgage applications up - Two reports released today indicate that there is new life in the housing market. The Mortgage Bankers Association is reporting that mortgage loan applications increased a seasonally adjusted 7.5% the week ended Aug. 21 from a week earlier, as loan rates edged up. According to the Commerce Department, new home sales surged 9.6% in July from June. Home sales rose for a fourth straight month beating expectations. Sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. It was the strongest sales pace since September. There were 271,000 new homes for sale at the end of July, down more than 3% from May. At the current sales pace, that represents 7.5 months of supply - lowest since April 2007.
http://www.usatoday.com/money/economy/housing/2009-08-26-mortgage-applications_N.htm
Additional articles that you may find of interest:
Downtown Development Authority looks for partner
http://www.coloradoan.com/article/20090826/BUSINESS/908260329/Downtown-Development-Authority-looks-for-partner
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There I fixed it! The Economy.
Like many of other Americans i worry a lot about the new economy we are faced with. Jobs are being outsourced and lost. Unlike many others it is very possible i am a jerk (or realist) Why are we losing jobs to India and China? Well if you can get a PHD computer programmer in India for 1/3 the cost and he is smart and harder working and you have to pay nothing for his health care or 401 k why would you keep your American? he is too busy playing chess on Facebook to work? I am also not the guy who thinks that the government will fix the problem. Letting the government run health care or a car company or really anything other then war is like putting Enron in charge of your company. The government spends all the money plus triple on any budget and is slower and worse then any other solution. Can you imagine the paperwork and trouble we are about to face if the government takes over these problems? The solutions will look a lot like these pictures. Look i fixed the health care system. Now you only wait 6 months to maybe get a Dr who isn't any good but really how badly broken is your arm anyway? Now fill out this 100 sheet application for health care and we will let you know. How do you "create millions of new jobs that can't be shipped overseas." by disbanding the private health care system which employs 14 million people....
How do you buy a company for 2 times what it is worth when you have no idea how to run that company?Have you ever seen the Pontiac Aztec? If you get a chance look it up. it sorta looks like a porta-potty on wheels. This is the company the government overpaid for! Most people if they buy a foreclosure or something from an estate or bankruptcy want a good deal. That investor mindset is not alive and well in the government. They paid about 2 times what the car company was worth! Why are people not driving the Aztec? Because the accord is about 200 times better and costs less. Sorry for this rant but it might be time to look in the mirror and say "wow we are spoiled brats and now we want a fast solution but maybe there is not one so what do i do now to get through it?" My take is don't expect a solution that isn't like one of these fixes. rather decide to be better and work harder and smarter then the other guy and maybe your job will stay here. I would love to hear your take too!
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Not in my backyard. Keep Uranium out of Fort Collins.
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Petition Status 89%
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Home
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Full Price Offer in 1 Day. SOLD!
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Windsor Colorado Homes for Sale.
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Who is under stress in your market? (for the first time in a long time maybe Both!)
It has been an interesting real estate market as of late. Although i have been investing and working in Real Estate for 12 years. (my whole adult life if you call me an adult) I have never been through a period of time like this. Many times in the deals i have been working there have been reasons for the Buyers to feel stressed. Rates are going up. Prices are too high based on affordability. There have also been times for sellers to feel stress. The builders are over supplying the market. Rates are going up making homes less affordable. Whatever the reason was there was a lot of situations where one side had a pretty good reason to be stressed. However i think this might be the first time i can say both sides have good reasons in most deals. In our market of Fort Collins Colorado we have the tale of two markets. if you are a first time home buyer looking for the 8k tax credit and want to buy under 220k be ready for a wild ride. 42% of those homes are currently under contract. With the average amount of supply in the 3 month range and the days on market under 45 days. What does this gobbledygook mean to you? It means if you are this buyer expect to compete with a few offers and pay over full price. (what if it doesn't appraise?) However if your a buyer in the over 300 range be ready to feel the dream. You can write and offer on a huge supply of wonderful homes where the sellers might offer to give you a back rub just for stopping by! Real Estate is dynamic! It is fun and a great way to make a living. I feel very lucky to have great markets to work in and great issues to solve. After all they aren't going to pay much for you to solve easy issues! Don't forget your value!
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Mortgage News Fort Collins Co
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IT'S THE THOUGHT THAT COUNTS...OR IS IT? As we look back at last week, think about this for starters - the housing industry received some welcome good news, as Existing Home Sales came in better than anticipated, and marking the third straight month that Existing Home Sales have increased. And perhaps even better, the supply of unsold homes on the market dropped from the prior reading of 9.8 months down to 9.4 months - which is the best level seen in over a year. With home loan rates still at low levels and homes priced to sell - this is a great time for potential homebuyers to stop thinking, and go ahead and take some action. Despite that bright spot of news, last week's Consumer Sentiment report - which measures consumers' attitudes and expectations concerning both present and future economic conditions - showed that consumers still think the economy has a ways to go, as the report did come in a bit weaker than anticipated. According to the report last week, Consumer Sentiment came in at 66 for the month of July, down from June's reading of 70.8. Take a look at the chart below for an interesting historical perspective on this report. -----------------------
And one of the major reasons for the decline in Consumer Sentiment was ongoing concern over unemployment - and last week, Initial Jobless Claims reportedly rose by 554,000. While this number was high, it was essentially in-line with expectations of 557,000. The big news that many headlines featured was the number of Continuing Claims, which fell from 6.31 million the prior week to 6.22 million. And although this drop was reported as positive news, we need to remember that a large number of people are still unable to find jobs, but are no longer being counted in Continuing Claims because their unemployment benefits have expired. The bottom line is that it will be hard for the economy to really turn higher with momentum until the labor market starts to turn around. Stocks had a good week, with the Dow closing above 9,000 on Thursday for the first time since January 6th, as well as finishing the week with its strongest two-week span for blue chips since 2000. Since Stocks moving higher can drain money away from Bonds, the rally in Stocks - combined with the announcement of next week's Treasury's auction of $115 Billion in Notes - put selling pressure on Bonds toward the end of the week. Despite some volatile mid-week action, home loan rates closed out the week near the level where they had begun the week. SPEAKING OF TAKING ACTION...IF YOU'VE BEEN THINKING ABOUT GOING BACK TO SCHOOL TO IMPROVE YOUR MARKETABILITY OR RETRAIN FOR A NEW CAREER, CHECK OUT THIS WEEK'S MORTGAGE MARKET VIEW FOR TIPS ON HOW ADULTS CAN GET FREE MONEY FOR SCHOOL. |
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Uranium Mining Northern Colorado (nunn glow)
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Petition Status 96%
Newsflash
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Powertech's proposed Centennial Project would take place within the the Laramie-Fox Hills aquifer. This aquifer covers most of the Denver Basin area, approximately 7,000 square miles along the Front Range from Wyoming to Colorado Springs and east to Limon. Commercial, municipal, agricultural and residential wells use the Laramie Fox Hills aquifer extensively. In February of 2001 there were 33,700 recorded wells. With the population and commercial growth in northern Colorado since 2001, it can be safe to assume the number of wells using this aquifer has increased significantly. There is concern the Dakota-Cheyenne aquifer may also be affected. The Dakota-Cheyenne aquifer is Colorado's largest water yielding aquifer east of the Rockies and spreads beneath the most populated areas of Boulder, Larimer, Weld, Morgan and Logan counties. The Dakota-Cheyenne aquifer is much older (deeper) than the Laramie-Fox Hills aquifer and is in a geological layer known to have uranium deposits. Powertech's proposed mining would take place above of the Dakota-Cheyenne aquifer.
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Fort Collins Colorado Home for Sale.
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Central A/C
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Loveland Colorado Townhouse for sale.
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Loveland Colorado Real Estate Stats June 17, 2009
Great news in Loveland Colorado Real Estate. Homes Under 300k are moving very fast and the inventory in those price ranges are getting lower. This trend if it continues will help values.
Below are the stats in the 200-250k price bands. This price brand represents the median price of homes in Loveland.
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Greeley Colorado Bank Owned property dominates sales.
Very interesting times in Greeley real estate. I like to call it the tale of two cities. Greeley Real Estate vs UNC Real Estate.
Although as you can see the Days on market and the Months of Inventory are decreasing in the lower price ranges the story behind the scenes is the amount of those sales that are distressed. As you can see on my www.realestatesuperheroes.com blog. 51% of the Greeley home sales last year had been Short Sale or REO sales.
| REO/HUD Greeley | Short-Sale | Non-Distressed | Total | |
| 561 | 109 | 650 | 1320 | |
| 50.8% |
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Fort Collins Real Estate Sales Stats.
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Larimer Schools, Fort Collins Real Estate.
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My Neighborhood Schools
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Greeley Colorado Foreclosure Sales
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REO/HUD Fort Collins |
Short-Sale | Non-Distressed | Total | |
| 144 | 58 | 798 | 1000 | |
| 20.2% | ||||
| REO/HUD Loveland | Short-Sale | Non-Distressed | Total | |
| 123 | 58 | 338 | 519 | |
| 34.9% | ||||
| REO/HUD Greeley | Short-Sale | Non-Distressed | Total | |
| 561 | 109 | 650 | 1320 | |
| 50.8% |
Interesting stats for buyers in Northern Colorado. This Chart shows the percentage of Sales in the local markets that was Dispressed vs. Non Distress sales. Amazing!
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Loveland Colorado Foreclosure Sales
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REO/HUD Fort Collins |
Short-Sale | Non-Distressed | Total | |
| 144 | 58 | 798 | 1000 | |
| 20.2% | ||||
| REO/HUD Loveland | Short-Sale | Non-Distressed | Total | |
| 123 | 58 | 338 | 519 | |
| 34.9% | ||||
| REO/HUD Greeley | Short-Sale | Non-Distressed | Total | |
| 561 | 109 | 650 | 1320 | |
| 50.8% |
Interesting stats for buyers in Northern Colorado. This Chart shows the percentage of Sales in the local markets that was Dispressed vs. Non Distress sales. Amazing!
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Search Properties and Home Values at
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Fort Collins Foreclosure Sales of Homes
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REO/HUD Fort Collins |
Short-Sale | Non-Distressed | Total | |
| 144 | 58 | 798 | 1000 | |
| 20.2% | ||||
| REO/HUD Loveland | Short-Sale | Non-Distressed | Total | |
| 123 | 58 | 338 | 519 | |
| 34.9% | ||||
| REO/HUD Greeley | Short-Sale | Non-Distressed | Total | |
| 561 | 109 | 650 | 1320 | |
| 50.8% |
Interesting stats for buyers in Northern Colorado. This Chart shows the percentage of Sales in the local markets that was Dispressed vs. Non Distress sales. Amazing!
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Search Properties and Home Values at
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Fort Collins Colorado Bank Owned Home 6-8-2009
Great new listing today.
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2437 Cheviot Drive Fort Collins Colorado. This home is bank owned and a super deal. Located in Browns Farm i would call this the deal of the week. 1712 SQ with a price of 159,900.00 (list price) may need to pay more to get this one. Under $95.00 a foot in Fort Collins is a great deal. Don't buy that check your homes Value. Great 3 bedroom 2 bath home.
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Search Properties and Home Values at
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