Sept 27, 2021, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2021-24, Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage (HECM) Extensions. This ML provides: Up to six months of COVID-19 Forbearance for borrowers requesting their initial COVID-19 Forbearance on October 1, 2021, through the end of the COVID-19 National Emergency,…
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During the 2019 Colorado legislative session a number of Bills passed that affect property managers, landlords and tenants. Some of the Bills highlights: HB19-1106 (Rental Application Fairness Act) This Bill concerns the rental application process for prospective tenants. Some of the Bill’s highlights include: A landlord shall not charge a prospective tenant a rental application…
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When you put your home on the market to sell, one of the questions you’ll need to consider is whether or not you will accept an offer from a buyer that is using an FHA or a VA loan. On the surface you may not care too much which kind of financing a buyer…
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Many times when I’m talking to potential home sellers especially in Pueblo West CO they often ask what they can do to increase the value of their home and ultimately the selling price. Remodeling magazine recently published their 31st annual cost vs value report that offers “an unbiased, third party report on how much…
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There is no doubt that home prices have been rising steadily in the Pueblo real estate market. On Nov 28, 2017 the Federal Housing Finance Agency, the Federal Housing Administration announced it will increase its loan limits in most areas of the country in 2018. The FHFA limits are for loans eligible or guaranteed…
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I recently was involved in a transaction where I was referred to a buyer from another agent. The referring agent was related to the buyer and instead of receiving the referral fee the agent wanted to rebate that amount to help the buyer with their closing costs. Is this legal? No, but the buyers agents,…
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It’s always easier said than done, but when you have your home listed for sale, you need to keep it clean and showroom ready. Nothing can kill a potential buyer from considering your home over others is an unkept home. These tips also work well for those drop by guests.
If you have been thinking about owning a home now is a good time to start saving for that down payment.In Pueblo County, overall home prices rose on average roughly 12% in 2015. The Colorado First Time Homebuyer Savings Account Act was passed by the Colorado Legislature which should help Coloradoans to save money for…
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If you have been looking at Pueblo homes for sale online for very long you no doubt have come across Zillow.com Zestimate®, pronounced (ZEST-ti-met). The Zestimate® home valuation is Zillow’s estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate…
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Owning a home is still the American dream and the US Government in cooperation through programs like CHFA (Colorado Housing Authority and Finance Authority) have helped over 84,000 Coloradoans achieve home ownership since 1974. First time home buyers that are looking for down payment assistance must attend a first time home buyers education class…
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