Fannie Mae gets tough on homeowners who walk away - Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for 7 years. Troubled borrowers who do not try in good faith to work out a deal, but have the capacity to pay, are targeted by the policy. "Walking away from a mortgage is bad for borrowers and bad for communities and our approach is meant to deter the disturbing trend toward strategic defaulting," said Terence Edwards, executive vice president for credit portfolio management. Read full article:
http://www.usatoday.com/money/economy/housing/2010-06-23-fannie-mae-walk-aways_N.htm
Banks: We're hiring so we can make more home loans - Several banks are gearing up to do a whole lot more mortgage lending in the future. These banks are hiring hundreds of loan originators, getting ready for what they believe will be a significant pick-up in lending. JPMorgan Chase is in the midst of hiring 1,200 mortgage officers. "We may not be inundated with applications tomorrow, but we are confident the the need will be there," said Christine Holevas, a spokeswoman for JPMorgan Chase. Read full article:
http://money.cnn.com/2010/06/24/news/economy/mortgage_lending/index.htm
Record-low mortgage rates boon for housing - Mortgage rates fell this week to the lowest level on record, motivating consumers to lock in low payments for home purchases and refinanced loans. It's the best news the market has seen since the tax credits expired. The average rate for 30-year fixed- rate loans dropped to 4.69%, Freddie Mac said Thursday. The high-end market is seeing a surge in sales as a result of the lower interest rates. A year ago, the rate for a jumbo loan ranged from 6.25% to 6.75%. Today, it's about 5.75% for a 30-year fixed-rate. Read full article:
http://www.denverpost.com/business/ci_15371813
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Aurora Realtor Specializing in Aurora and Denver Metro Real Estate. I provide more than 15 years experience in the real estate, mortgage and construction industries. I can help with all facets of RE.
Jude Sandvall has more than 15 years of experience buying and selling real estate,writing mortgages, and constructing homes. As a licensed contractor he has remodeled hundreds of homes ranging from condominiums to million dollar estates. He provides mortgage services through The Mortgage Network and can arrange financing for home buyers and investors.
Whether you are a first time home buyer or a seasoned investor Jude can provide the results you desire.
He knows the local neighborhoods, schools, and market conditions along with many other factors that play a part in purchasing a home. His mortgage broker and contractor licenses provide a unique real estate agent who can help ensure that your real estate transaction is a smooth one.
He enjoys helping people find the home they have always wanted by embracing the convenience of technology without losing the personal touch. He will spend quality time with you, serving as your personal guide through this exciting process.
TESTIMONIALS
My wife and I recently sold our condo in Centennial, a home which we owned for more than four years. Our success in selling the unit was due largely in part to our real estate agent, Jude Sandvall.
A year before selling our condo we had our home listed with another agent. Our home sat on the market for six months with very little activity. We took it off the market for several months until we could find an agent who would be aggressive in selling our condo.
In the spring of 2006 Jude took over as our agent and quickly took the steps necessary to sell our home. He gave us advice in how to make our condo stand out from the thousands of condos that are on the market. The research he conducted about our neighborhood helped us market and price our unit appropriately. Jude did an excellent job getting our condo on the market as fast as possible and making it accessible to the public through several different publications.
Because of Jude's hard work and dedication, our condo sold in about a month, well before more than a dozen other units available in our complex. He made the negotiation and closing process with our buyer hassle free and got us the deal we expected when we first put our condo on the market.
It was not only the selling process, but also the buying phase that Jude was most helpful with. Once a final offer was made on our condo, he worked quickly to help find us a new home. Jude found more than 40 homes which met the specifications we were looking for and was along for every step of the way as we toured potential homes, found our new place, and finally the closing process.
Through the entire buying and selling process, Jude Sandvall was very professional and did an excellent job communicating with us about the status of our condo and future new home. His hard work and dedication would make him a perfect fit for anyone looking to buy or sell a home.
Jon and Sarah S.
Dear Future Real Estate Customer:
This letter is to inform you of the wonderful home buying experience I shared with Jude Sandvall. In early April 2006, I had the pleasure of meeting Jude Sandvall at a property, where he was the agent for the seller. At that time homeownership was merely a dream but after spending less than 30 minutes speaking to Jude about home ownership, I soon realized that this dream could actually become a reality.
Jude took time from his busy schedule to introduce me to a financial planner/broker, whom at no cost educated and prepared me to buy my first home. Throughout the process, Jude was the consummate professional. Jude made himself available to my daughter and I morning, noon, night and weekends. There were no questions or requests too large or small for Jude. Jude made it his business to have answers to my questions and concerns, most times in less than 24 hours.
On Monday, May 1, 2006 I became a first time home buyer. I had no idea that within 6 weeks of that first meeting with Jude, I would own my very own home. I can say with certainty and honor that Jude Sandvall will be my #1 choice in realtors when I decide to buy my second home and I hope that he is your #1 choice also.
Sincerely,
Angela P.
As a real-estate investor, I have come to consider Jude as a partner in my business. Jude has been invaluable in supporting our company’s efforts to screen potential investments, budget, plan, and coordinate their rehabilitation, and work through the recent minefield of changing real estate financing laws and rules.
I have found Jude to be knowledgeable, dedicated, and conscientious in all aspects that he has supported me with. This includes real-estate purchases, sales, contractor screening, budgeting, and mortgage loans. To date Jude has helped me close four real-estate deals, and their subsequent financing, and rehabilitation. When Jude is unsure of an answer, he doesn’t just “fake-it” as many so-called professionals in this industry do, he finds the answer. If you look in Webster’s dictionary under “Real Estate Professional”, you should find a picture of Jude next to it.
I appreciate all Jude has done for our company during the past year and half. I am sure he will continue to receive my business, my help, and my friendship for many years to come.
Travis B.
Jude,
Am willing and pleased to write a recommendation letter exhorting your virtues and abilities in finding me a house.
There were many challenges in finding the right place within a financial set of conditions, having the desired number of rooms, and location close to my married daughters and their children. The turmoil in the real estate market and finding a mortgage provider were obstacles that Jude Sandvall handled with style and courtesy towards me. Thank you for all that you did and I am very happy in my new house.
Respectfully,
Roy M.
Dear Jude,
I would like to thank you for your tremendous service during my home search. As you know the lending process and the offer process were both very tedious. In both circumstances, you were kind, informative, patient and extremely professional. I cannot thank you enough.
Real estate agents of your caliber are very difficult to come by and I am so glad that I was able to work with someone of your experience and knowledge. The home buying process can be very taxing and difficult to navigate and I cannot say enough how safe and trustworthy I felt in completing the entire process with you.
I will continue to refer you to anyone who asks me and even
those who don’t! I look forward to having a long term agent/client relationship for many years to come.
Thank you again for my lovely new home and for keeping me on track when I wanted to give up. Please consider this letter as a full recommendation to anyone who asks and please feel free to use me as a personal reference.
May your business thrive and prosper in the months and years to come.
Warmest regards,
Kelly B.
Dear Jude,
Thank you for working with us to find and locate the perfect home! We provided you with a set of very unique requirements, which you accepted without question. You worked closely with us to really discover what we were after – and help us further understand that ourselves. In a remarkably short time, you introduced us to the house we will soon call home.
We are quite pleased with the services you provided to us. Given that we purchased a bank owned property, your understanding of the foreclosure process and how it could impact us was invaluable. Given your background in construction and remodeling, your input regarding the structure and condition of the house helped us to make a good buying decision.
It is obvious that you are well connected in this community. The people and businesses to whom you are connected share the same passion for high quality service that you exhibited to us. Thank you for recommending cost effective and high caliber professionals to assist us. They helped us to make a solid buying decision based on facts and evidence. They also helped us to perform required, high quality repairs prior to moving in.
Your ability to offer loan services greatly streamlined and simplified the buying process. Given that most lenders prefer to interact with their customers on-line or over the phone, it was a pleasure to sit down with you in person while completing the required paperwork. There was no doubt in our minds that any piece of the puzzle would be forgotten. We knew when going into closing that all of the details had been attended to and there would be no surprises.
Although we have not yet determined a date, we will be throwing a house-warming party sometime during March. We would love it if you and a guest could come and enjoy our new space with us. We’ll follow up with a proper invitation.
Most Sincerely,
Peter & Nicola L.
When conditions dictated that I must quickly sell my condo quickly, believe me it was without much optimism that I anticipated how difficult this could be in view of the existing recession and very slow real estate market. After interviewing two prospective real estate agents who were equally without optimism and forecast only gloomy results, conditions and bottom line, I found Jude Sandvall of Cherry Creek Properties via the internet. I was pleased by his experience, the testamonials and also by the fact that he had a picture of his wife and kids in his ad. After meeting with Jude, due to his positive attitude, politeness and eagerness, within 30 minutes I agreed to let him handle the sale of the property. Jude never looked back, never doubted what he could do and had an amazing array of ways to advertise the property. Within a day the showings started and every few days there were showings or multiple showings arranged. In a very reasonable time, we had a contract. Jude was also invaluable during the repairs agreed upon after the inspection, he arranged workmen who completed the tasks very efficiently. Jude was always helpful, knew his job extremely well, kept me informed every step of the way and was very professional.
I consider it fortunate that Jude handled the sale of my property
Sincerely,
Jan P.
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