Marlene's Real Estate Consulting 101

First Time Buyer's Credit is approaching very fast-the deadline is November 30, 2009. If you are a first time buyer and wanting to purchase a home and exercise your possible $8,000.00 credit, these are some good tips to follow: 1. Try to close the transaction by November 20, 2009 to be on the safe side and to protect your right to the First Time Buyer's Credit. 2. If you cannot close by the 20 of Nov ., try to close before the 30 of November in the event that there are some "snags" at the closing table-one December 1, 2009 arrives, the credit disappears! 3. Be careful-make sure you are buying a home you love and really want to live in - not just buying to earn the credit! 4. Always get a home inspection when purchasing a home 5. Contact me if you are in the Pueblo Colorado area and would like a "First Time Buyer" Realtor to assist you in your best investment of a lifetime: a place to call HOME!

facing Foreclosure ? Please do not "ignore" the issue. If you are a homeowner facing foreclosure, the number one item to do is, call your servicing company (the company you make your house payments to). Some mortgage companies or banks have a work out program if you are in a hardship. Ask for the work out department when you call so you will be placed to the right department. There may be a chance that your mortgage company or bank can do a loan modification, a forbearance or something. And, if they cannot work something out with you, call me so we can go over a plan to see if we can save you from a foreclosure. Call me, Marlene, (719) 547-8135, a Realtor who cares and wants to help! Or go to this web site and you can get a wealth of information on foreclosure and what you can do to maybe stop the foreclosure process: http://www.hopenow.com/ or http://www.makinghomeaffordable.gov/

Hello all - I just wanted to give some insight into the short sale process. I have many client's and friends who are asking me what a short sale is. Many think it is a short sale- the time it takes to sell a home. That is definately not the case. A short sale is when a borrower owes a certain loan amount and an offer is made for less than what is owed to the lender for the loan amount. For example, if the loan is for $100,000.00 and an offer (a sales contract) comes infor $90,000.00, there is a difference of $10,000.00 plus some other expenses. A borrower can go to the lender (the company that you make your house payment to) and ask the lender to consider the offer. The bank will then do their process to see if it is in their best interest to take the offer for an amount short of what is owed, hence the term, "Short Sale." Now there are many steps to this short sale world. An experienced real esate agent will be able to assist you and offer some information to th...