|
||||||
 John Rebchook is a former Rocky Mountain News reporter with more than 30 years of experience in writing and communications... (Read More) |
Take a poll on strategic defaults at the bottom of this blog. If you can afford to pay your mortgage, but you are contemplating a “strategic default” because your loan is worth more than your mortgage, you might think again. Defaulting borrowers who walk-away from their mortgages who have the financial wherewithal to pay - or did [...] Homeowners in the Denver metro area could potentially save more than $500 million a year by refinancing, according to an estimate by InsideRealEstateNews.com, if they only were able to take advantage of record-low mortgage rates. Many borrowers cannot. “I have to tell dozens and dozens of borrowers that they don’t qualify,” said Lou Barnes, principal of Boulder [...] “Socially, politically and economically, it makes a lot of sense,” Tom [...] “There’s going to be a lotta changes, but change makes for opportunities,” Brian [...] “It’s Denver,” Gary [...] “Across-the-board risk retention will unnecessarily and unfairly raise costs on creditworthy borrowers seeking products that are demonstrably lower risk,” Glen [...] “This is an ironic result in a bill that is trying to mitigate systemic risk and too-big-to-fail [...] It probably couldn’t be a worse time,” to implement the changes in RESPA, but the rule changes are coming in any [...] |
   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.  |
||||
|
Copyright © 2012 Inside Real Estate News - All Rights Reserved |
||||||
