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Loan Application

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Cars, tents, vessels now considered homesteads; big impacts on real estate and property owners

Cars, tents, vessels now considered homesteads; big impacts on real estate and property owners

by | Mar 28, 2022 | CO hard money, Colorado Commercial Property Valuation, Colorado commercial real estate, Colorado foreclosure, Colorado Foreclosures, Colorado Hard Money, Colorado hard money lender, Colorado hard money loans, Colorado Living, Colorado real estate market trends, Colorado Real Estate values, Colorado Realtor, Colorado residential property values, Colorado Short Term Rental lending

Thanks to one of our readers, Randy, for bringing the recent homestead exemption legislation to my attention as the changes are profound and yet there has been zero media coverage.  The Colorado legislature has just passed a new bill radically changing the meaning of...
8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

by | Jan 29, 2021 | Colorado Foreclosures, Colorado Hard Money, Colorado real estate market trends, Colorado Real Estate values, Colorado Realtor, Denver Hard Money, Denver hard money Lenders, Denver Private Lenders, Denver Private Lending, Denver real estate values, General Colorado Information

Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance.  Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site.  What does this mean for defaults?  Why is one mortgage type...