By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
Neighborhood of Platt Park - Denver, CO - 2014 Sales Platt Park in Denver is a 100-block square originally called Town of South Denver named in 1897 after James Platt, who mysteriously drown in Georgetown in 1895. The trolley cars still ran in the early 1900's on Old South Pearl Street. This historic neighborhood exudes character and charm with many turn-of-the-century homes along with new modern homes. The boundaries of the neighborhood of Platt Park are Broadway, Mississippi, Evans & Downing. The bordering neighborhoods are DU, Washington Park and Observatory Park, with Platt Park being the more affordable neighborhood. Over the years, all of these neighborhoods have enjoyed double digit value increases and Platt Park has enjoyed the Seller's market for the last couple ...
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
DU/Platt Park - Denver Neighborhoods low on Inventory DU and Platt Park (South of downtown Denver) are two highly desirable neighborhoods right now and you cannot find a listing under $600,000 that stays active longer than a day or two! I have been looking for a home for a buyer in this area for a few months now, and watching the prices increase seriously over these past months.The DU/Platt Park area offers a good Walk Score, with restaurants, coffee shops and things to do within a short walk, which attracts active buyers to this area. This area is a bit eclectic with original 1920’s and 1930’s homes next to properties that have been scraped and re-built into beautiful new updated property! The lots are average size - around 6250 sq ft. Many scrapes have opted to put d...
By John Marshall - FORE!, Specializing in Golf Course Properties
(LoKation Real Estate)
Louisiana Station is located just steps from the Louisiana/Pearl Street Light Rail station and is very convenient to DU and Wash Park. This 2 Bed 2 bath loft is listed below market at just $265K, The sellers loss is your gain. Dont miss out on the opportunity to grab one of the most convenient locations in Denver. This loft is complete with stainless steel appliances, hardwood floors and granite countertops and features a built in study, kitchen nook and a serene courtyard for all residents to enjoy. The unit also comes with a garage. This location with the light rail access makes it ideal for the DU student or Professor, the downtown or the Denver Tech Center commuter, you literally do not need to drive a car to get to work or school from this location. The light rail also takes yo...
Borrowers who caught up on overdue mortgages outnumbered people who became newly delinquent on insured home loans for the first time in almost four years. PMI Group Inc. led mortgage insurers higher in New York trading. In February, 68,675 homeowners with privately insured mortgages fell into default, compared with 80,758 who got back on track, a report today from the Washington-based Mortgage Insurance Companies of America said. In January, MICA reported 98,685 new defaults and 61,195 cures. The trade group last reported that recoveries exceeded defaults in March 2006. "The significance is substantial, it's enormous," said Matthew Howlett, an analyst with Macquarie Group Ltd. Recoveries outpacing new defaults "signals a turning point" for mortgage insurers, he said. MGIC Investment Cor...
Divino is a wonderful wine shop on south Broadway in the heart of the Historic Neighborhoods of Denver. Tomorrow, Saturday, May 6th between 2:00pm and 6:00pm they will be holding one of their famous WINE TASTINGS!The wines previewed will be: SOPHIE BERTIN -Sancerre 2007 - Loire Valley, France LIBERALIA - "Tres" 2005 - Toro, Spain CLAYHOUSE VINEYARDS - Syrah 2006 - Paso Robles, CaliforniaWhen there, make sure you check out their 10 for 10. That's 10 wines for under $10! Please call me for more information at 303-549-0818 or e-mail me at kerry@kerryklun.com or visit me on the web at www.kerryklun.com and www.historichomesofdenver.com
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...
Loan Considerations for Fix & Flip / Short-Term InvestorsSecuring 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) hab...