Athmar Park (Denver, CO)
By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Denver Foreclosures are in incredibly short supply. Investors continue to fight and drive up bids on the few bank owned homes on the market. This is leaving potential homebuyers struggling to find any foreclosures to bid on. With this low inventory, our team was thrilled to see HUD release this new Athmar park Denver Home .Listed at $238,700, this property has 1016 finished square feet, 3 bedrooms and 1 baths. HUD homes in Athmar park Denver are rare, so we expect to see lots of activity on this Home. HUD homes typically have a bidding window of only 10-15 days, so if you are interested in seeing this foreclosure in Athmar park Denver, don't wait. Call us today at 303-726-1874. Athmar park Denver Home: 1718 west kentucky avenuedenver 80223 Athmar park $238,700 est $ Beds: 3      Fin Sq ...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Mike Biesboer on our team just listed this great home in the Athmar Park Denver neighborhood. This large brick ranch offers 4 bedrooms, 2 baths, 2,100 finished square feet and a prime location walking distance to Huston Park, shopping, transit and more. This home is one of the few available Denver Short Sales currently on the market and offers a great opportunity for someone looking in this popular neighborhood. To learn about the short sale process, how to submit an offer and to schedule a private showing of this home, give our team a call at 303-726-1874. We expect to see heavy activity on this home and do not anticipate it staying on the market long. Athmar Park Denver Homes: 984 South Vallejo Street Denver, CO 80223 $170,000.00  Beds: 4      Fin Sq Ft: 2100 Baths: 2     Year: 1953 A...
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By The Richards Group, JD, ABR, GREEN, SFR, Denver CO Home & Real Estate
(CCP, LLC - Denver CO Home & Real Estate)
Featured Neighborhood: Athmar Park Home & Real Estate For Sale Athmar Park Home Search Denver CO Home Search Metro Denver CO Home Search When you are ready to look at homes (or have one to sell) in Athmar Park of Denver CO give me a call. I would love the opportunity to earn your business! Mark at 303.204.8949. View Athmar Park Neighborhood in Denver CO in a larger map _________ Copyright 2011 All Rights Reserved, "Denver CO Home Update - Featured Neighborhood: Athmar Park Home & Real Estate For Sale"_________
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By Nick McCoy
(Your Castle Real Estate)
Loan Considerations for Buy and Hold InvestorsAs far as investment loans, little or no money down loans are impossible.  However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment.  Or, self-employed borrowers are using funds from business lines of credit to fund down payments or renovations (please note: there are asset seasoning guidelines for doing so and the debt incurred by accessing other credit lines must be accounted for against the borrower’s debt-to-income ratio). Thus, we have clients leveraging themselves with other homes they own in order to get in with little or nothing down.  There are exceptions, but practically every lender requires Full Income Documentation on any investm...
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By Nick McCoy
(Your Castle Real Estate)
Loan Considerations for Fix & Flip / Short-Term Investors Securing conventional financing on a fix & flip or short-term loan is not recommended. Most conventional lenders sell off their mortgages to investors on the secondary market. If the loan is paid off early (before six payments are made), the investor has not recovered their initial investment. The investor will attempt to recover their loss from the lender, who will ultimately come after the loan originator. The loan originator would then be obligated to pay back any premium paid out by the lender. If such activity becomes habitual with the loan officer, the lender can cease doing business with them and their firm. Furthermore, conventional loans require conventional appraisals. The lender will require that the home is a) habitab...
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Loan Considerations for Jumbo MortgagesFor the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan.  Fannie Mae and Freddie Mac assign different thresholds for various regions across the country.  For instance, $417,000 is not considered a jumbo loan in a high cost city like San Francisco, yet there will still be higher rates for going above $417K.  Due to the size of jumbo loans, they are considered greater risk for lenders, resulting in higher rates.  Rates have fluctuated greatly over the past few years on jumbos.  As of today, a 30 year fixed could range from 7% - 8%; a full point higher than the prime rate below a loan amount of $417,000.  Five year ARMs are popular on jumbo loans, as they typically price out a half point lower than fixed pro...
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By Nick McCoy
(Your Castle Real Estate)
Loan Considerations for Loan Amounts Between $200K - $417KWith all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up.  While underwriters and investors are scrutinizing files more closely, attractive rates and terms still exist for owner occupied purchasers seeking a conforming loan limit (under $417,000).  FHA and VA can still lend up to 100% LTV and conventional permits up to 97% LTV.  There are certain guidelines to meet when going to these high LTVs, but they are not impossible to surmount.Every home buyer should first ask themselves what payment they feel comfortable in committing to on a monthly basis.  Too many buyers over-extended themselves in recent years on homes they simply could not...
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Denver, CO Real Estate Professionals