Nineteen Albuquerque real estate brokers from 13 different companies are working together with Sunwest Trust to fill a vacuum created by the tight credit restrictions that make it virtually impossible for many people to get mortgage loans. Consider:

• · Mortgage denial rates were up nationwide by 15% in 2010, and are anticipated to be higher still in 2011

• · New Mexico has the 6^th highest mortgage denial rate in the country, with 33.7% of loans denied in 2010

• · Denial rates are even higher among minority applicants and self-employed borrowers, and “jumbo loans” requiring higher interest rates are especially affected

• · Yet mortgage application rates are at a 15 year low, as many people don’t even bother to apply!

A solution? Owner Financing!

SO---- Dozens of homes offering easy owner financing for buyers will all be held open in one huge

Owner Financing Open House Tour

September 16, 2011 from 4-7 p.m.

The tour includes homes in Albuquerque, Corrales, Placitas, Cedar Crest, Tijeras, Edgewood, and Sandia Park, NM.

Property details, photos, maps & flyers available online for the general public at www.OwnerFinancing-NM.com.

There will be great refreshments, plus door prizes! There are great owner financing options in NM! Come on out and see us!

Statistics thus far for 2011 make it appear that homes sales in Placitas, NM may have turned the corner.

Average sales prices for single family homes in Placitas had steadily declined from 2007 through 2010, while time on the market had steadily increased. But figures for 2011 year-to-date show a turnaround in these figures.

Both in terms of average sales price, and in terms of average dollars per square foot, sales for 2011 are up slightly from the figures for 2010. At the same time, the average time on the market had decreased. See the graphs below for details:

Average Sale Prices for Single Family Homes in Placitas	Average Price per SF in Placitas
Average Days on the Market in Placitas

All data from Greater Albuquerque Association of Realtors statistics as of September 5, 2011.

It's a great time to check out homes for sale in Placitas, New Mexico. Some even offer owner financing, like these two that will be on the big "Owner Financing Open House Tour" for the greater Albuquerque area on September 16, 2011 from 4-7 p.m. For more information on the tour, see www.OwnerFinancing-NM.com.

9 Camino Vista Hermosa, listed by Lauren Herman of La Puerta Real Estate 867-3388

8 Juniper Road, listed by Laura Warden, Choices Real Estate, 239-4796

Mark your calendars now for the huge, multi-broker Owner Financing Open House Tour in the Albuquerque area on September 16th!

You, too, can kiss those mortgage company rules goodbye, especially the impossible hoops they want you to jump through to obtain a "Jumbo Loan," because the owners of dozens of high-end, executive homes in and around Albuquerque, NM, are offering owner financing. And their listing agents have all gotten together to hold all these properties open on one grand Open House Tour on Friday, September 16, 2011 from 4-7 p.m.

There will be homes in both Northeast and Northwest Albuquerque, plus Corrales, Placitas, and the East Mountain communities of Cedar Crest, Sandia Park, and Edgewood, New Mexico. Prices range from about $500,000 on up. These include wonderful luxury homes with all the bells and whistles, and also country estates and horse properties on acreage. It's a great opportunity for the general public, and also for local real estate brokers to check out multiple homes quickly and easily, and without having to first pre-qualify with a lender, because all of these owners are willing to provide owner financing to buyers without the onerous requirements most lenders have in place these days.

So stop by that Friday afternoon or evening. There will be plenty of refreshments available, and door prizes awarded. Register to win the door prizes at each house you visit, for more chances to win.

For more info, plus photos and details of all the properties involved, plus maps, directions, and flyers, just visit www.OwnerFinancing-NM.com!

We've had an icy start to the New Year here in Bosque Farms, with single-digit temperatures. We had a bit of snow a couple of days ago, but it vanished quickly, as is usual here in NM. Now we've got lovely, sunny skies, but I'm looking out at lovely, ice-sheathed grass blades on my lawn! Husband Brian decided to turn on the sprinklers yesterday, and it was so cold that it froze as it landed, encapsulating each blade of grass individually, for our own miniature "ice storm" effects... Crunchy under the feet, for the feel of a "back east" winter here in sunny New Mexico!