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Realty Trac Newsletter

263

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Attached is our latest issue of the Market Trends e-Newsletter, informing you and of the most up-to-date foreclosure trends and properties.

Attached is our latest issue of the Market Trends e-Newsletter, informing you and of the most up-to-date foreclosure trends and properties.

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  • 1. Phone: 970-689-2721 | Email: zitney@msn.com License #:40021484 Shannan Zitney, CDPE I am available to assist you in purchasing or selling Short Re/Max Action Brokers Centerra Sale and Bank Owned (REO) property in Northern Colorado. 340 N 2nd Street Lets get started, call me today! Berthoud, CO 80513 April 2011 Vol. 5, Issue 8 Colorado Foreclosure Activity Drops in February 6 month Colorado Foreclosure Trends Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 4,207 Colorado properties in February, a 15 percent decrease in foreclosure activity from January and 18 percent below the level reported for February 2010, according to the latest RealtyTrac® U.S. Foreclosure Market Report. NOD NTS NFS LIS REOBuy-and-Hold Here are some of the most recent Investment opportunities in the area.Investors Benefit fromTighter Lending, Pre-ForeclosureReturning Renters Bennet RdThe QRM will soon be here and Berthoudit will change the way we CO, 80513finance and refinance realestate. This could be very good Amountnews for foreclosure buyers, $360,000especially those who purchase Beds/Bathand hold. So whats a QRM? The 3/2initials “QRM” stand for qualified Sq. FTresidential mortgage. If youre 1,665a lender you want to originateQRMs for two important reasonsunder the Wall Street reform Property Type Address Amount Default Sq. Ft.legislation: First, you dont haveto set aside 5 percent of the S County Road 21, Auction $230,095 N/A 1,111loan amount in a reserve Berthoud, CO 80513account. Second, with QRMsyou remove most of thegrounds for borrower suitsagainst you. FORECLOSURE TRENDS : JANUARY 2011 Cheaper Mortgages When Fannie Mae & Freddie Mac Are Gone? NATL CO LARIMER CTY Are we ready to phase out Fannie Mae and Freddie Mac? This is not NODs 36,964 7 0 an idle question for anyone who needs a mortgage, worries about interest rates or wonders where real estate values are headed. The NTSs 88,050 3,190 91 Obama Administration now says that its time to begin “the orderly NFSs 19,952 0 0 and deliberate wind down of Fannie Mae and Freddie Mac.” As a result the secondary market — the electronic platform where LISs 38,234 0 0 mortgages are bought and sold — will be placed in the hands of the private sector once the transition is completed. Huh? Wait a minute. REOs 78,133 1,749 62 Why should we deliberately make Fannie Mae and Freddie Mac less

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