Shelli Dore, Realtor - Helping Metro Denver Colorado Buy & Sell Real Estate
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January 2009 - Posts

Saturday, January 31, 2009 12:09 PM

Can you count your tax refund when qualifying for a mortgage?

Tax time is approaching and many buyers are asking if they can count their tax refund when qualifying for a mortgage. The answer is yes. Tax refunds are a legitimate source of funds for a down payment, closing costs, or reserves (money a lender may require
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Wednesday, January 28, 2009 9:35 AM

Cell Phone Numbers Go Public Next Month

All cell phone numbers are being released to telemarketing companies and you may start to receive sale calls. Remember... YOU WILL BE CHARGED FOR THESE CALLS To prevent this, call the following number from your cell phone: 888-382-1222 or visit www.DoNotCall.gov
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Wednesday, January 28, 2009 6:35 AM

There’s nothing wrong with the U.S. economy that hasn’t already been fixed

Predicting an '09 recovery: In December, Jim Glassman, a senior economist with JP Morgan Chase in New York, told a select crowd of business leaders gathered in Denver at the Executive Leadership Forum that the economy will recover in 2009. "There’s
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Tuesday, January 27, 2009 7:35 AM

Short Sale v. Foreclosure

Is it better to negotiate with a short seller or look for a house that is already bank owned? Q: I am thinking of relocating to Miami Beach, as I've read that there are deals there. Is it better to negotiate with a short seller or look for houses
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Monday, January 26, 2009 8:11 AM

Change to appraisal ordering process

Currently, most loan officers have relationships with preferred appraisers that do a good job and give fair honest values. Fannie Mae and Freddie Mac view this as a way to give false or inflated values to property values so they are implementing as of
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Saturday, January 24, 2009 7:05 AM

Basic Excel terms demystified

You want to use Excel, but are intimidated by spreadsheets? This Excel jargon-buster will give you a rundown of basic terminology and functions. In no time, you’ll be creating your own formulas! Basic Excel terms demystified Your friend in the Real
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Friday, January 23, 2009 4:21 PM

RESPA Rewrite Affects Builder Discounts Tied to In-House Mortgage Use

The Department of Housing and Urban Development, in rewriting the RESPA rules, has clamped down on builder discounts that are tied to use of the homebuilder's mortgage company. Starting Jan. 16, builders won't be able to offer $10,000 discounts
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Thursday, January 22, 2009 3:02 PM

Foreclosed Homes Can Be Good Deals, Bargains for Buyers

RISMEDIA, January 20, 2009—(MCT)—Buying a foreclosure property was Amanda Rasch's only hope of owning her own home. After fleeing New Orleans to escape Hurricane Katrina in 2005, Rasch, her husband and two children lived with her parents
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Wednesday, January 21, 2009 9:56 AM

Word of the day ~ 1/21/09

holding escrow An arrangement whereby an escrow agent holds the final title documents to a cont... View More
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Wednesday, January 21, 2009 9:37 AM

Obama Adviser Sees Stimulus Effects Next Month

RISMEDIA, January 20, 2009—(MCT)—President-elect Barack Obama's top economic adviser aid Sunday that the incoming administration's proposed $825 billion stimulus package will pass within a month and will have some immediate…
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Tuesday, January 20, 2009 10:38 AM

How to Find Legitimate Mortgage Modification Help - Wall Street Journal Online

How to Find Legitimate Mortgage Modification Help - Wall Street Journal Online - - As the number of foreclosures rises, there’s another growing problem: the number of folks trying to take advantage of those in danger of losing their homes. As the
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Monday, January 19, 2009 8:07 AM

Financial Bailout Shifting To Main Street?

Financial Bailout Shifting To Main Street? - NPR - - In asking Congress for the second half of the $700 billion federal bailout, President-elect Barack Obama is moving to shore up the nation's struggling financial institutions. But Obama's request,
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Saturday, January 17, 2009 4:44 PM

Mortgage applications rise as rates hit record lows!

Mortgage applications jumped in the first full week of 2009 as record low interest rates spurred the greatest demand for refinancing home loans in more than 5-1/2 years, according to data from the Mortgage Bankers Association. – USA Today Read more...
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Friday, January 16, 2009 7:50 AM

2008 IRS 1031 Exchange Rulings and Changes

From Mary Lou Schwab, Vice President Bankers Escrow Corp. The IRS provided two major rulings for 1031 tax deferred exchange property during 2008. If you are planning on converting a rental, second home or a 1031 exchange property into a primary residence
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Thursday, January 15, 2009 12:02 PM

Write-offs to Remember!

Write-offs are the government's way of rewarding taxpayers when they've done something the government likes. And to judge by the write-offs, the government likes it when people borrow money to buy a house. There are write-offs aplenty, many of
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Thursday, January 15, 2009 10:23 AM

Denver Housing Analysis

Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Tuesday, January 13, 2009 8:00 AM

Hottest 10 Buyers Markets

Colorado's own: Grand Junction listed as the 7 th hottest buyers markets in 2008. http://www.housingpredictor.com/hot.html Your friend in the Real Estate business, Shelli Dore www.ShelliDore.com
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Monday, January 12, 2009 11:35 AM

Free Movie Monday! 1/12/09

Hi all! Here is today's free REDBOX movie code for today, Monday 11/24/08: H48MX2 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, Shelli
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Monday, January 12, 2009 11:29 AM

FHA LOAN FACT SHEET

FHA loans are great loans for buyers! Loan limits are still 406,350 until 12/31/2008, for 2009 $368,000 is the loan limit for all surrounding counties except Boulder County which will be $402,500 Credit scores 580 and up (pricing increase for below 620)
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Sunday, January 11, 2009 7:48 AM

Have a food drive in your neighborhood! It is fun and super easy. I can show you how!

One of the things my family enjoys doing together is volunteering. It means a lot to all of us to help out in any way we can. So each year, we do a food drive in our neighborhood. It is a lot of fun and very rewarding. The kids love it! Every year we
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Thursday, January 08, 2009 10:35 AM

Denver Aims to Ride Out the Recession

O ur diversified economy and downtown investments will help Denver's commercial market absorb the bumpy road ahead. This based on an article that appeared in yesterday's New York Times. Click here to read the article… Your friend in the
Posted by Shelli Dore, CRS, GRI, ABR | 1 Comments
Wednesday, January 07, 2009 8:06 AM

Housing Affordability Rises to Highest Level in Four Years

Amidst all the negative economic news comes a silver lining. Housing affordability has risen to its highest level in four years, thanks to falling home prices in many areas of the country and historically low interest rates, according to the latest NAHB/Wells
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Tuesday, January 06, 2009 9:26 PM

When Cheering for the Other Side Feels Better Than Winning

The Faith of a High School Football Coach By RICK REILLY This story was reported by Rick Reilly for ESPN Magazine and ESPN.com . It was originally published on Dec. 22, 2008. They played the oddest game in high school football history last month down
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Tuesday, January 06, 2009 8:21 AM

Snowmass $1 billion base village now showing signs of activity

The first phase of the $1 billion new base village at the foot of the Snowmass ski mountain in Aspen started opening last fall. The 60,000-square-foot village will include more than two dozen stores and restaurants as well as hotels and housing. http://denver.bizjournals.com/denver/stories/2008/11/24/story8.html
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Monday, January 05, 2009 3:37 PM

New Credit Scoring Models to Be Implemented This Year

This is from trusted lender Brett Popish at 303-668-5891 www.greencofinancial.com ... A long delayed update to the credit scoring model is going to be implemented soon and it may affect the way your FICO scores are calculated. FICO 08 is the new version
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Friday, January 02, 2009 10:16 AM

Fannie Mae gives renters a break

Fannie changes policy, allowing renters to stay in foreclosed homes; no word yet of policy change from Freddie. NEW YORK (CNNMoney.com) -- Fannie Mae, the battered mortgage giant, has agreed to act as an interim landlord for thousands of tenants living
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