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Weekly Update 4-8-2012

posted Apr 8, 2012, 6:26 AM by Bob Luna
Collection accts and FHA !!
Please keep in mind that collection accts totaling more than $1000 per borrower must now be paid in full before you can close an fha loan. This includes medical collects and any accts even beyond the borrowers control. If payment arrangements have been made, then there must be a 3 month history on that. This is regardless of credit history, score or AUS findings.
This will affect more people than you think. It just keeps getting tighter.
People's Mortgage
John Arnold
Branch Manager
825 Delaware suite 100
Longmont, Co 80501
303-772-4400 office
303-885-4557 cell
303-224-3404 Fax
NMLS# 777142

Android platform's smartphone market share exceeds 50%

Google's Android platform reached a new milestone in February: The platform gained a majority share of the nation's smartphone market, according to the latest monthly report from metrics company comScore Inc.
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3 common home purchase roadblocks

Buyers who find a home they'd like to buy soon after they start their home search often pass on it because they feel they haven't seen enough listings. Months later, when they haven't found anything to compare to the first home they really... Continued »

When do-it-yourself jobs are best left to the pros

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Tax benefit for couples owning separate homes

Before the current, rather liberal, tax advantages for homeownership, many older people delayed or declined marriage or remarriage "for tax purposes."
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Here is this week's foreclosure list. This is a list of all homeowners who have had a Notice of Election and Demand filed on their home in the last week. These properties are in the initial stage of foreclosure.
Click here for the Foreclosure list in Excel
Click here for the Foreclosure list in PDF
Other Foreclosure Resources:

March 2012 Longmont Area Stats
Click here of the .pdf version of March 2012 Longmont Stats
Click here for the Word .doc of March 2012 Longmont Stats
Click here for the .jpg image of March 2012 Longmont Stats
Residential Highlights
  • 39.3% Increase in closed March sales year over year.
  • 26.4% Increase in closed sales year-to-date vs 2011
  • 15.8% Decrease in active listings (390)
  • 15.9% Increase in closed sales year-todate vs 2011 for Firestone, Frederick and Dacono
  • ALL local areas are have higher Average and Median Sales Prices vs 2011
From: Land Title, Kyle Snyder
I have posted the weekly update on WWW.MBRealtyAlliance.com and www.HomeBrokerNetwork.com

End of Blog
Lafayette Group:
Regular Meeting this Wednesday.
Please Sign up for floor time so we can stay open the following times M-F 9-5 and weekends 10-2.
"Providing the Framework, Structure, Brand and Freedom for Real Estate Brokers to Work Professionally,
Efficiently and Profitably."
Location, Location, Connection
"getting the job Done!"

Thank you
Bob Luna, GRI
MB Realty Alliance