According to numerous polls taken in Colorado, housing affordability is the largest issue facing Coloradans today.  The affordable housing crisis is not just limited to Denver and other large cities, but is now a statewide problem. In a recent survey, communities stated housing and real estate was their biggest issue, followed by the economy and then crime-drugs-violence. Throughout the state, in households earning less than $50,000 per year, 35% of their budget pays for hous

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

When buying a home, most everyone knows your credit score is a key factor in obtaining a loan and getting the best interest rate possible. If you are in the market for a home the first thing you should do is work on that credit score. Mortgage companies will pull your credit score to determine how reliable you’ll be in paying your loan. They’ll check that history to see how ‘on-time’ you are at paying and how much debt you have. If you have a dozen different credit cards that

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

Our law office continues to receive numerous calls from homeowners who were scammed by so-called ‘loan modification’ companies. Most of the ‘loan modification scammers have companies based in California, Florida, New York and New Jersey. By the time the homeowner figures out the scam, they’ve lost between $700 and $5,000 on average and/or received a notice they are in foreclosure. Some homeowners have had no idea they’ve been scammed until someone comes to their door with doc

A Wheat Ridge, Colorado woman was arrested for renting out a home through Craigslist last week. A woman who identified herself as Lisa Sandoval, advertised the home for almost $1,800 a month, a steal considering the home had four bedrooms. And a steal it was. Lisa Sandoval’s real name is Michelle Copeland, 39. Copeland had no rights to the home at all. In fact, the home had been vacant for almost 5 years. When Francine Neilsen saw the advertised home, she jumped at the price,