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 John Rebchook is a former Rocky Mountain News reporter with more than 30 years of experience in writing and communications... (Read More) |
Foreclosure activity in the Denver-Aurora area is very close to the national average, shows a mid-year report released today by RealtyTrac. Overall, the Denver-Aurora area was ranked No. 49 out of 206 metropolitan statistical areas tracked by RealtyTrac, which is based in Irvine, Calif. Continue reading Denver-Aurora No. 49 for foreclosure rate Share this:
           A man who is suspected of charging hefty fees for advising people to file frivolous lawsuits to stop foreclosure actions, has been sued by Colorado Attorney General John Suthers. One of the alleged victims is a quadriplegic in Jefferson County. Continue reading Suthers sues man in alleged foreclosure-prevention ploy Share this:
At 10 a.m. on Thursday, I will be moderating a panel of top real estate journalists for a trade group, SABEW, or Society of American Business Editors and Writers. Continue reading Rebchook monitoring real estate panel Share this:
 Margaret Danuser is the newest director at CHFA. The Colorado Housing and Finance Authority today announced it has hired a new director, who will be in charge of a multi-billion bond portfolio. Continue reading CHFA hires director for $3.6 billion bond portfolio Share this:
 Laurent Saltiel has this Cherry Hills home on the market for $5.9 million. The only problem - he paid $6.7 million, less than a year ago. Laurent Saltiel is such a whiz at international stock investing, that the investment firm of AllianceBernstein LP in New York City, lured him from Denver, where he managed the $2.44 billion Janus Worldwide Fund for the Janus Capital Group. Six months before the announcement last May that Saltiel would be a team leader and manage the International Large Cap Growth/Global Large Cap Growth funds for AllianceBernstein, Saltiel and his wife, Kimberly, paid $6.7 million for a home on more than 5 acres in Cherry Hills Village. It was the most expensive home to sell in the Denver area last year. (For the original story in InsideRealEstateNews, please visit Janus Manager Pays Record Price For Home.) Now, he has put the 10,409-square-foot home, on the estate formerly owned by golf pro Craig Stadler, on the market for $5.9 million. It was designed and built by highly regarded Debra Toney, who initially hoped the home would fetch in the neighborhood of $8 million. Cherry Hills Village values the home at $7,225,600 for tax purposes. Continue reading Former Janus manager faces million dollar loss on home Share this:
If you had the money, would you buy a million dollar home today? Vote at the bottom of this blog.  Steve Blank is listing this home in Park Hill for $1.6 million. The price has been slashed by $350,000. Peter Niederman, in addition to being the CEO of Kentwood Real Estate, is a student of the housing market, who loves to pour over data to discern the tea leaves of the Denver housing market. Recently, an in-house statistic caught his eye, when he was looking over the June data for Kentwood, including offices in Cherry Creek, the DTC, and Kentwood City Properties in downtown Denver. (Kentwood is a part-owner in Kentwood City Properties.) “While our overall showings for all price points were down 10.1 percent in June, compared with June 2009, our million dollar-plus showings were up 8.2 percent,” Niederman said. Continue reading Million-dollar home showings rise Share this:
Take a poll at the end of this blog Apartment vacancy rates in the Colorado Springs area fell to a 9-year low of 5.8 percent during the second quarter of 2010, shows a report released today by the Apartment Association of Southern Colorado and the Colorado Department of Local Affairs’ Division of Housing. Overall vacancies fell in the Colorado Springs area from a rate of 9.8 percent reported during the second quarter of 2009. The rate fell from 2010’s first quarter rate of 6.9 percent. The Colorado Springs-area vacancy rate has not experienced an increase since the first quarter of 2009. Continue reading Springs apartment vacanices hit 9-year low Share this:
Take a poll at the end of this blog The Denver metropolitan area ranked No. 8 of the 20 areas tracked by the closely watched S&P/Case-Shiller Home Price Indices released today. Overall, homes in Denver appreciated by 3.6 percent in the one-year period ending in May, compared with a 5.4 percent gain for homes in the 10-Composite list and 4.6 percent for all 20 of the areas, according to the report. “I like what I see,” said Peter Niederman, chief executive officer of Kentwood Real Estate. Continue reading Denver No. 8 in Case Shiller Share this:
Democrat Senate candidate Andrew Romanoff last month sold his Washington Park home to Vision Acquisitions for $360,000, according to public records. Vision Acquisitions’ principal is Gregory Geller, known as the “King of Flips,” bought the home on June 23. Continue reading “King of Flips” buys Romanoff’s home Share this:
Colorado Attorney General John Suthers announced today that his office has obtained a judgment against American Mortgage Consultants, its owner, Oliver Paul Maldonado, 37, and its principal employee, Santiago Fabian Pineda, 32, barring the company and its officers from engaging in mortgage fraud or any aspect of the mortgage business. American Mortgage Consultants, Maldonado and Pineda will be required under the consent judgment to pay a total of at least $75,000 in fines and restitution to the state. Continue reading Suthers shuts down mortgage scammers Share this:
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    Acknowledgements Some Photos on this site, courtesy of and © Steve Groer Photography, Denver's Premier Coroporate & Event Photographer. Please contact Steve via his website or by phone at (303) 696-6260 or (303) 941-5764. |
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