Blog Probes Real Estate Models

www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.

REALonomics.net advocates that the industry open up the property information portals to consumers and upgrade its approach to how it is interacting with the consumer by implementing more social networking such as www.CityBlogUSA.com, a community blogging network for every city in the USA.

Visit www.REALonomics.net.

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Historic Home in Old Town Longmont - Just Listed!!!

Charming Old Town Longmont home found on Colorado Historical Registry! Immaculately cared for with many original features including quarter sawn oak trim, leaded glass, refinished wood floors throughout main level, & numerous built-ins. Spacious main floor has an open floor plan with seven rooms, including the master and full bath! Main floor office directly off front door creates easy access for potential visiting clients. Kitchen boasts wood floors, refaced cabinets, Corian counters, and a beautiful sunroom which doubles as the eat-in. Upstairs includes two large, sun-filled bedrooms with unique architecture. Spacious basement is more than 75% finished and has endless possibilities. Zoning permits business use - this home would be ideal for conversion to a law office or bed & breakfast. To see photos and a virtual tour of this home, visit www.MovingInBoulder.com Charm, Location, Character, this home has it all. Call for your private showing today!!!

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Colorado Foreclosure Rates are High - Short Sale Can be the Answer!

The increasing number of foreclosures in Colorado and across the US has created a change in real estate markets, lending industry offerings, Wall Street practices and has been headline news for weeks now. Foreclosure is a not a positive situation for any party involved, or even those not involved directly. To read further on foreclosures and their impact on real estate markets click here and check out some of the News Source links like Inman News, RIS Media, or Realty Times.

A short sale is often a better option for a homeowner that is behind on their payments, in pre-foreclosure, or even feeling like they may become behind on their payments. Here are some facts about short sales.

What is a short sale? A short sale is an agreement from the lender to accept less than the full amount owed on the property.

Why would a lender be willing to accept less than the full amount that is due on the home? A short sale is better than the foreclosure process in many ways and is seen as the lesser of two evils in the lenders mind because a short sale is a shorter, less costly process than foreclosure.

Which markets have short sales? ALL markets can be affected by short sales.

What are some of the contributing factors and reasons we are currently experiencing such high levels of mortgage default? Some contributing factors include: 1. Lowest consumer savings rates since the Great Depression, 2. aggressive lending practices including interest only loans, 100% financing, 125% financing, ARMs, and sub prime lending, and 3. area economics like the declining real estate markets.

Short sales take persistence, patience, and the knowledge and expertise of a licensed Realtor. If you or someone you know is in default on their mortgage, behind on their payments, or just concerned they will fall behind on payments, read further by clicking here or call Rachel at 303.442.4882 or email her!

OR - SIGN UP FOR MY FREE MONTHLY eNEWSLETTER FULL OF COMMUNITY AND REAL ESTATE NEWS!

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Condos in Town?

Are there any condo projects in Boulder, Colorado and are there any that are on golf courses? What is the condo price range? Are there any age restricted condo communities?

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Real Estate Companies

Boulder has a lot of real estate companies. Which one is considered the best company according the Boulder, Colorado residents? Who are the best real estate agents in Boulder, Colorado? Historically, which company has been there the longest? Do any of the real estate companies also have title and mortgage companies?

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Foreclosures in Town?

Can anyone speak to the issue of foreclosures in Boulder, Colorado? Foreclosures are up around the country due to the sub-prime lending practices. Is there any foreclosure impact on real estate in Boulder?

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