During the first half of 2018 there was a 15% decline in foreclosure filings nationwide. Foreclosure filings are properties that had a default notice, a scheduled auction, or bank repossession. There were a total of 362,275 foreclosure filings, a far cry from the 1.6 million foreclosure filings eight years ago in the first half of 2010. Even though the overall, nationwide number of foreclosure starts had decreased, there was an increase in foreclosure activity in 88 of 219 me

Congratulations to Gantenbein Law Firm Denver, Colorado attorney Keith Gantenbein Jr. who was again, recognized as Super Lawyers, Rising Stars for 2018. For Keith, this is his fourth consecutive year as a Super Lawyer, Rising Star. Mr. Gantenbein is nationally recognized for his work in Real Estate Law, which also includes Foreclosures Defense and HOA Law. Mr. Gantenbein worked extensively last few years with the Colorado Supreme Court to pass updated Rules of Civil Procedure

Overall, in this new year, it is predicted the housing market will continue to bounce back as it has been for the past year. In November 2017, existing home sales escalated to a rate that hasn’t been seen in the past 10 years and reaching an 11-year high. The existing home sales totaled 5.81 million that amounted to an increase of 5.6% from the month before. The inventory of homes decreased 7.2% to 1.67 million that is 9.7% lower than it was in November 2016. It’s also predic

Gantenbein Law Firm, Denver, Colorado is proud to announce its attorney, Keith Gantenbein, was named to 2017 Colorado Super Lawyers, Rising Stars list. Congratulations to owner and managing attorney Keith A. Gantenbein Jr, who was selected, named and included on the “2017 Colorado Super Lawyers Rising Stars” list. Super Lawyers is the Thomson Reuters lawyer rating service. To be selected as a Super Lawyer, attorneys are nominated by their peers and evaluated on 12 indicators

If you’re thinking of buying a home you’ve probably noticed the inventory of available houses for sale has been declining and mortgage rates and housing prices are on the rise. After years of having a huge inventory of houses to choose from, thousands of foreclosures and very low mortgage rates, the market is heading the other way. Denver is number three regionally for having the fastest time to sell a house. The average amount of days in Denver to sell a home is now 18 days,

Nationwide, home foreclosures have dropped to their lowest level since November 2005. During April 2017, there were 77,049 filings reported in the U.S. This number includes default notices, scheduled auctions and bank repossessions. The figures reflect the lowest number of foreclosures since the housing crisis began. While the drop is significant, at the same time there was a rise in repeat foreclosures. A repeat foreclosure is noted as any property address with the same owne

The Federal Home Loan Mortgage Corporation, known as Freddie Mac, announced last week that it’s selling off non-performing loans to private investors. Freddie Mac is a public government-sponsored enterprise (GSE) headquartered in Virginia. Freddie Mac was created in 1970 to help expand the mortgage market alongside the Federal National Mortgage Association (Fannie Mae). Previously, from 1938 to 1968 Fannie Mae was the only institution that bought mortgages leading to and enco

Last year, in 2016 the Consumer Financial Protection Bureau (CFPB) levied a multi-million dollar fine against PHH Corporation for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks. PHH provides mortgage services to some of the world’s largest financial services firms and is located in New Jersey. PHH then sued the CFPB, challenging the CFPB’s Director Richard Cordray ability to be able to increase their original $6 million fine against PHH

Colorado has joined the new age in providing online foreclosure auctions. Last year, Realauction.com was approached by the Denver Public Trustee’s office and asked to provide Denver with its own auction site. That site is up and running and bringing huge cost savings to Denver and making it easier for more people to be able to bid on the foreclosed properties. Realauction.com runs many foreclosure auctions throughout Florida. One by one, counties in Florida put their foreclos

The Home Affordable Modification Program (HAMP) was introduced in 2009 and established to help homeowners recover from the great housing bubble burst. The HAMP was part of the Making Home Affordable program (MHA) along with the Hardest Hit Fund program (HHF) that was under the Troubled Asset Relief Program (TARP). These programs were part of the Emergency Economic Stabilization Act of 2008 and put into place to help struggling homeowners avoid foreclosure. HAMP and the entire

Homeowner Jim Hildenbrand has been embroiled in a four-year court battle with his Homeowner’s Association (HOA). His case went to the state appellate court but that court raised more issues than it settled. The Kansas Court of Appeals reversed the district court’s ruling and sent the case back for resolution. The appellate court said the district court applied an “incomplete test” in determining whether the HOA acted in good faith. The HOA has control over the 153 homes in hi

Colorado’s housing market continues to be ‘hot’. The top ten hottest cities in our nation are: Miami, Phoenix, Chicago, Fort Lauderdale, Houston, Denver, San Antonio, Charlotte, San Diego and Flint. Denver is number 6. In the Denver-area, the average price of a single-family home rose 3%, averaging around $445,000 per home. Condominium prices rose 4.5% to an average of approximately $298,000. Houses and condos are on the market (listed) an average of 24 days before they are s

If you’re thinking of buying (co-owning) a home with a partner, if you’re an unmarried couple or just friends, it’s extremely important to protect yourself if there were a death, a parting or foreclosure. The decision you make in co-owning any property can have disastrous repercussions and consequences. Approximately 25% of primary homebuyers in the US are single. Generally speaking, non-married buyers have very little or no estate-planning protection at either the state or f

The housing bubble triggered foreclosures to hundreds of thousands of distressed homeowners all over our nation. If you experienced a foreclosure or opted for a short sale, that doesn’t mean you will never be able to own a home again. Your credit will take a hit after a foreclosure or short sale. The Federal Housing Administration (FHA) loans are the most forgiving of foreclosures. You’ll have to wait at least three years after your foreclosure to qualify. The three years sta

By now, most of us have heard something about Brexit (British Exit). In a sentence, Britain voted to leave the European Union (EU) in a historic referendum June 23. The effects of Brexit are being heard around the world. Britain has the world’s fifth-largest economy and is one of the United State’s biggest trading partners. After the vote, Britain’s pound dropped to a 30-year low prompting Americans to change vacation plans to visit Britain and take advantage of the low price

The number of luxury homes sitting on the global market and not selling is beginning to pile up. It may also be a forewarning of the beginning of another housing bubble getting ready to burst. The last time there was a rise in luxury homes not selling was in 2007 and 2008 - right before the housing crash. Analysts and brokers are warning of another housing bubble due to the high number of luxury homes not selling that they think is a sure ‘bubble signal’. The housing market

California is a step closer to signing a bill into law to protect families from foreclosure after the death of the primary mortgage note holder. The Bill is known as the “Survivor Bill of Rights”. Other states may soon follow in passing similar laws. When a spouse dies, often the surviving spouse can’t afford the mortgage payment. The survivor usually calls the lender to let them know the spouse has died. When the survivor tries for a loan modification due to loss of income,

A reverse mortgage or home equity conversion mortgage (HECM) was signed into law in 1988 as part of the Housing and Community Development Act of 1987. The HECM is available only to homeowners who are 62 years or older, have equity in their home and the home is the principal residence. In basic terms, under the HECM, the homeowner can access their equity for personal use and not pay a mortgage payment until they die, sell or move out of the home. The homeowner is still respons

Are the Home Affordable Modification Program (HAMP) and Home Affordable Refinance Program (HARP) really be ending at the end of this year? The Federal Housing Finance Agency (FHFA) Director Mel Watt gave a speech last year on both HAMP and HARP programs. He revealed that HAMP would be finished at the end of 2016. Concerning HARP, Watt said ‘we anticipate that this will also be the final extension for HARP.” Originally set to expire at the end of December 2013, the programs w

The past seven years have been horrendous for millions of homeowners who lost their homes. Somewhere between 7 and 8 million homes were lost. The majority of homes lost to foreclosure were around 6 million. These were mostly due from distressed homeowners who suffered hardships ranging from losing their jobs to serious health issues. Around 2 million homes were sold as a short-sale (sold for less than what was owed) and given back to the lender by a deed-in-lieu (DIL) that a