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October 2008 - Posts

Friday, October 31, 2008 3:38 PM

Seven hotels retain U.S. 36 plans

Denver Business Journal – by Noelle Leavitt A faltering economy hasn’t chased hotel developers away from the U.S. 36 corridor, where seven hotels are slated to open before energy giant ConocoPhillips launches a new training facility on the
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 31, 2008 2:09 PM

Positive News!

September New Home Sales increased 3% from August and inventories declined 3-month Libor rates fell to 3.0% from a recent peak of 5.0% Major US stock indexes rose about 10% this week Average gas prices fell to $2.50 per gallon, even lower than the $2.90
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Thursday, October 30, 2008 10:10 AM

DON'T PANIC...REMAIN CALM...

Here is a message I received from a lender that I really respect, Mark Afman: Now then I don't know if Animal House was Kevin Bacon's very first movie, but it was close. I remember him as one of the new pledges in the snobby frat house on campus
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Wednesday, October 29, 2008 5:10 PM

Mortgage Question of the Day, October 29

Q: If someone's spouse has had a bankruptcy, does that affect the length of time before they can buy a house? A: Not necessarily. If both people are going to be on the note, then it does. If the couple can qualify for a loan with just the income of
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 29, 2008 4:32 PM

Greeting the Troops...

As some of you may know, I am a big supporter of the troops. This story really touched my heart. Nearly every morning for the past year, Bert Brady has gone to the Dallas Fort Worth International Airport (DFW) to welcome home troops from Iraq and Afghanistan
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 29, 2008 4:06 PM

FED LOWERS PRIME RATE BY 0.5%

On Wednesday the Federal Reserve announced that it would cut the federal funds target rate, and so also the prime rate, by half a point, as widely expected, to 1.00%. The accompanying statement said economic activity has decreased markedly, largely due
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 29, 2008 7:59 AM

Halloween Facts

The carving of jack-o'-lanterns originated from the tradition of carving the faces of lost souls into hollowed out pumpkins and turnips. A candle was placed inside the carvings making the faces glow. The Halloween lanterns were placed on doorsteps
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 28, 2008 8:35 PM

How do you buy a HUD home?

HUD (Department of Housing and Urban Development) homes are purchased using a bidding process. HUDs are often a great opportunity to obtain a property at well under market value. The buying process is very different from the regular purchase process but
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 28, 2008 10:23 AM

Adding a Spouse to an Existing Mortgage

Q: Can a spouse be added to an existing mortgage? A: No, the existing mortgage will have to be refinanced to add someone to the note. A spouse can be added to the title, however, by using a quit claim deed. Your friend in real estate, Shelli Dore 303-942-0648
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 27, 2008 3:45 PM

Price Reduced on 13413 Race St in Hunters Glen

Hunters Glen, Thornton - Announcing a price reduction on 13413 Race St, a 1,628 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $237,000 - . Property information
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Monday, October 27, 2008 3:40 PM

Monday morning story - October 27, 2008

Ok... it isn't exactly Monday morning... :o) Had some early appts today... This is a good one! Green Ink From Chicken Soup for the Soul: Woman to Woman Laura Smith The rush of Christmas was again upon me. I was opening a stack of Christmas cards,
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Monday, October 27, 2008 3:36 PM

Free Movie Monday - October 27, 2008

Here is today's free Redbox movie code: 93NCA5 Remember - you need to get the movie before 12pm tonight to use the free code. Visit www.Redbox.com for locations and more info! Your friend in real estate, Shelli Dore www.ShelliDore.com
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 24, 2008 2:29 PM

Rates for the week of October 24th

Good afternoon! Rates improved considerably the first half of the week and then gave all of the progress back by the close of the markets today. Clearly, the volatility is still very extreme. Rates for the weekend: FHAs and conforming conventionals are
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Thursday, October 23, 2008 5:47 PM

Seller Suggestions

Let There Be Light. Buy some 100-watt bulbs to brighten the rooms, and open curtains or blinds to let light in. Unless a window faces a brick wall or some type of eyesore, open the drapes! Garage, Not Garbage. Have a garage sale to clean out the clutter
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Thursday, October 23, 2008 7:57 AM

Who benefits from our current economy?

First Time Buyers… That's who! First time buyers are: Are buying homes today that don’t have inflated equity… Don’t have to wait for their home to sell… Have sellers willing to pay their closing costs… Are in
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Thursday, October 23, 2008 7:45 AM

Here's the latest tip from the mortgage experts at Mortgage Support Services

Fannie Mae has recently made some changes to the way they consider risk factors when underwriting a loan. A risk factor is something that makes a loan more risky or less risky. Here are the changes: -- The presence of a co-borrower no longer makes a loan
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 22, 2008 8:15 PM

How To Share Your Gratitude

While preparing Thanksgiving dinner, pass out slips of paper to those gathered for your feast. Invite each person to list three things they’re thankful for. Then, while eating dinner, give each person the opportunity to read their list out loud.
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 22, 2008 3:09 PM

What is a Portfolio Loan?

Q: What is a portfolio loan? A: A portfolio loan is a loan that is maintained by the lender and is not sold to another lender, Fannie Mae, Freddie Mac, et al. In the old days before the sub-prime mess (6 - 12 months ago), portfolio loans very often had
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 21, 2008 9:38 AM

Can I Still Get A Mortgage

A lot of people are wondering the "credit freeze" and how it affects someone's ability to qualify for a mortgage. A credit freeze exists when banks are unwilling to lend to each other because they don't trust each other. Their attitude
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 20, 2008 2:07 PM

Free movie Monday!

Hi all! Here is today's free REDBOX movie code for today, Monday 10/20/08 : PK66H8 Pass this along to your friends and be sure to use this code by the end of the day! Visit www.Redbox.com for locations and information. Your friend in real estate,
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 20, 2008 1:40 PM

Which major cities in US are most at risk of property values declining?

Below are ratings by a PMI (Private Mortgage Insurance) company about the risk of property values declining in major markets across the U.S. PMI companies have the most to lose and are therefore considered a very reliable source for this type of information.
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 20, 2008 8:15 AM

Youthful Promises ~ Monday morning story

Chicken Soup for the Soul: Moms & Sons, Denise Fleming The water sparkles below me. Breezes blow through my hair. I am feeling young. The titillating promise of excitement, fun and more youthful feelings is only a ski-length away. While on vacation
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Sunday, October 19, 2008 10:19 AM

Concerned About Your Existing Mortgage?

Learn What You Can do to Protect Your Home · If you feel like you may be in danger of facing foreclosure and need immediate help, call 888-995-HOPE or visit www.995hope.org . Homeowner's HOPE™, a counseling service provided by the Homeownership
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Sunday, October 19, 2008 8:44 AM

You don't have to dip into savings to have fun on Halloween!

Instead of elaborate decorations, Bette Sack suggests you go back to the simpler pleasures of creating Halloween fun with your family. MORE Your friend in real estate, Shelli Dore 303-942-0648 ...Remember! The next time you are in a conversation with
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Saturday, October 18, 2008 7:53 AM

Friday Story ~ October 17, 2008

Oops! My Friday story is one day late this week... :o) The day was Thankful Thursday, our "designated day" of service. It's a weekly tradition that my two little girls and I began years ago. Thursday has become our day to go out in the world
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 17, 2008 2:54 PM

So What did the Rates do THIS Week?

Good afternoon! This would be considered a wild week in the markets if we weren’t comparing it to last week. The volatility has calmed somewhat since last Friday. For the week mortgage rates in general were slightly lower with CHFA being the notable
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 17, 2008 2:07 PM

North Metro Denver Residential Real Estate Week in Review ~ Oct 10-17, 2008

If you any questions about real estate, anywhere in the Denver Metro area, be sure to give me a call at 303-942-0648 or send me an email at Sold@ShelliDore.com . Your friend in real estate, Shelli Dore
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 17, 2008 10:05 AM

Mortgage Question & Answer

Q: Can a spouse be added to an existing mortgage? A: No, the existing mortgage will have to be refinanced to add someone to the note. A spouse can be added to the title, however, by using a quit claim deed. Your friend in real estate, Shelli Dore 303-942-0648
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 15, 2008 3:34 PM

Gift Funds for your Mortgage Loan

If a relative is going to give a buyer a gift to cover the mandatory down payment on an FHA loan, the relative who is giving the gift is allowed to borrow the money, as long as there is no expectation that the person buying the house has to pay the money
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 14, 2008 8:26 AM

Electronics Recycling Event

Stewart Title of Colorado is hosting this event on Saturday, October 18 th from 9:00 am – Noon at 50 S. Steele Street, Denver, 80209 – in the parking lot behind the building, accessible through the alley. Electronics that can be recycled at
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 13, 2008 4:19 PM

Denver Housing Market Looks UP

Resales are increasing and the inventory is decreasing, but median prices continue to fall. By Margaret Jackson The Denver Post October 8, 2008 Increasing sales and declining inventory in Denver's resale housing market offered another encouraging
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Sunday, October 12, 2008 4:34 PM

Having a hard time keeping track of the Colorado ballot issues?

Be sure to check for Colorado ballot measures in the Blue Book . Speaking for myself, I would find it nearly impossible to stand at a polling place and remember how I would like to vote based on the titles of the measures. ;o) Your friend in real estate,
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 10, 2008 4:14 PM

Economy news got ya scared? The local real estate stats are actually very encouraging!

The negative news continues to pour in. And it's likely to go on for a bit yet. This is a time for discernment. The vast majority of news we get regarding the economy deals with the national and even world economy. You have to dig a little deeper
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 10, 2008 2:16 PM

Bond & Rate Update

Good afternoon! It looks like the uncertainty and fear regarding the economy and markets has caught up with mortgage backed securities. Until this week, bonds had generally been a safe haven for money pouring out of the stock market. It appears now that
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 10, 2008 11:41 AM

Friday Story - Birthday Cards With Secret Codes

Here is your Friday story, Birthday Cards With Secret Codes I looked at the scrawled handwriting on the envelope. I blinked and read it once again before tears began to tumble. My birthday card had been addressed, sent, and signed by Dad. I'd not
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 10, 2008 8:28 AM

Can I Get A Mortgage?

A lot of people are wondering the "credit freeze" and how it affects someone's ability to qualify for a mortgage. A credit freeze exists when banks are unwilling to lend to each other because they don't trust each other. Their attitude
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Thursday, October 09, 2008 4:36 PM

In A Nut Shell....

The Reason When the home down the street from you sells for $50,000 less than what you paid for your house, you are not at risk of losing your house or filing bankruptcy. It does not feel good, but in the end, so long as you continue making your mortgage
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 08, 2008 10:39 AM

Mortgage Tip of the Day

Just a quick reminder about the down payment assistance funds that are available to first-time homebuyers (anyone who has not been on title in the past 3 years) from the Colorado Housing Assistance Corporation (CHAC). CHAC offers up to $5,000 statewide
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 07, 2008 5:23 PM

Harvest Festival - This Weekend - Fun Family Event!

6 th Annual Harvest Festival – Karl’s Farm Market Saturday, October 11 9 am – 5 pm Sunday, October 12 9 am – 5 pm 120 th & Irma – Northglenn/Thornton Pumpkin Patch * Hay Rack Rides * Moonwalks * Hay Maze * Petting Zoo
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 07, 2008 5:39 AM

Rent/Lease Reduced on 6755 E. 123rd Ave. in Holly Crossing

Holly Crossing, Brighton - Announcing a rent/lease reduction on 6755 E. 123rd Ave., a 1,903 sq. ft., 3 bath, 4 bdrm 2 story. Now $1,300 Monthly - All 4 bdrms upstairs!. Property information
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Tuesday, October 07, 2008 5:26 AM

Do You Make the Most of Your Downtime?

Twenty-six-year old Peggy was forced to leave her job and convalesce at home because of arthritis in her ankles and feet. She spent her time reading in bed, until one day her husband, John, brought her a used Remington typewriter instead of her requested
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 06, 2008 4:25 PM

May You Live In Interesting Times

The Chinese have a proverb: "May you live in interesting times." And we are living through interesting times indeed. Whatever the political posturing regarding the rescue plan, a plan needed to be passed. Credit markets are frozen and banks
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 06, 2008 2:12 PM

Do You Have Too Much Debt?

How do you know if you have too much debt? Even if you earn a high income and are currently making your payments on time, you could be in trouble if your debt-to income ratio is too high, says personal finance expert Lynnette Khalfani-Cox (www.themoneycoach.net).
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Monday, October 06, 2008 2:08 PM

Free Redbox movie Monday

Today's free movie code 1 night rental is: DGM314. Must use by midnight tonight. Happy renting!
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Friday, October 03, 2008 4:54 PM

Weekly Wrap-up of Rates

If you like volatility and uncertainty, this was your week. The bond market traded in a 200bps range only to end up about where it was a week ago. Rates for most loan products improved slightly. CHFA was a notable exception rising again this week. The
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Thursday, October 02, 2008 7:45 AM

Free DVD Rentals

For those of you new to Redbox rentals here are some current codes that work any day of the week. Each code can be used once per credit card: -Redbox (use first time on each credit card as it's only for new accounts) -Redtree -Walmart (only at Walmart
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments
Wednesday, October 01, 2008 7:40 AM

Featured Website

Find out the "walkability" of your neighborhood, how far is it for the kids to walk to school? What if you walk to Starbucks? Or to the grocery store? A fun site to check things out before you buy or to track your walking path to improve your
Posted by Shelli Dore, CDPE, SFR, CRS, GRI, ABR | 0 Comments