Tag Archives: ranch reserve

You are Invited!

The beautiful house, with incredible views, is having an open house Sunday, May 22 from 11:00 am to 2:00 pm!  You are invited to come and take a look in person (slide show below)!  I hope to see you there!

2662 W 118th Ave, Westminster CO  80234

house straight on, hi def

2662 W 118th Ave, Westminster CO 80234         Click Here for more Info and Photos!

Home Buying After Foreclosure or Bankruptcy- How Long Until I Am Eligible?

Only a few short years ago, the Denver Market was flooded with short sales and foreclosure properties for sale. The bankruptcy rate in Colorado was still fairly high then. Many people lost their homes during that time and have been renting since then. With the current tight rental market and rising rental rates, they may now be wondering, “How long until I can buy again”?

The answer is “it depends…”. Bankruptcy, Foreclosure, Short Sales and Deeds-in-Lieu are all called, “derogatory credit events” in the lending world. The waiting period before you are eligible for a new home loan will vary depending on: which type of “event” you had, the circumstances that lead to it, and the type of loan you want to get for your next house (VA, FHA or Conventional).

The lending world breaks down these events types even further: Foreclosure, Deed-in-Lieu, Short Sale, Multiple Bankruptcies, Chapter 7 Bankruptcies, and Chapter 13 Bankruptcies.

VA seems to be the most forgiving of these derogatory credit events. With VA financing, the buyer is eligible for a new loan only one year after a Chapter 13 bankruptcy. The wait period for the other types of events is only two years.

For FHA, the wait period for Chapter 13 bankruptcies is also after one year of on-time payments and approval from the bankruptcy court. It is 2 years for a person having a Chapter 7 or multiple bankruptcies, and 3 years for a Foreclosure, Deed-in-Lieu, or Short Sale.

Conventional Loans tend to be less forgiving. Wait periods range from 2-7 years depending on the type of event. After the wait period is up, the buyer may also be required to come with a higher down payment amount for their new loan.

The following chart, provided by the Wynn Team with Citywide Loans, provides a “short and sweet” visual summary of the waiting periods required for each circumstance and loan type.  Here is the link to the chart:

Derog Waitng Period for mortgages

Buyers should keep in mind that even if the waiting period has elapsed, lenders still make loan approval decisions based on credit scores and debt-to-income ratios. The waiting period is an added requirement.

If you are ready to buy or sell a home, please contact me!  I would love to help you make that move!  Or, if you have any questions, also please fill out the form below.

 

Westminster Public Art Project- Are You Artistic?

rock painting flyer0001

Looking for a creative outlet? This Saturday could be just the chance you have been looking for to let your “inner artist” come out to play!  The Members of the Paletteers Art Club are inviting members of the community to paint rocks!  Yes, you heard right- paint rocks!  The painting project will take place on Saturday, July 27th from 10 am to 4:00 pm at the Aar River Gallery at 3707 W 73rd Ave in Historic Westminster, Colorado.

The painted rocks will be placed throughout Adams County in parks, trails, and landscaping around public buildings. Take a look at the photo above to see examples of the rock paintings!  Now’s your chance to help make our county an even more beautiful place to live!  And it is fun for “artists” of all ages.  All supplies will be provided at the event- but you do have to give the rock to the Art Rocks Project (can’t take it home).  Who knows- maybe your friends will be seeing one of your “masterpieces” the next time they take a walk in the park!

Call 303-426-4114 to participate!

Photo and Information Source:  Art Rocks- A Public Art Project flyer.

June 2013: Sales in The Ranch & Ranch Reserve

Attached Dwelling Listings

Type Price Status SqFt Style Beds Address Office
ATD $233,000 S 2178 2 Story 3 2367 RANCH Dr CBR54
 

Total Number of Attached Dwelling   Listings: 1

Residential-Detached Listings

Type Price Status SqFt Style Beds Address Office  
RES      $320,000 S 3542 2 Story 4 11240 QUIVAS Loop BC001  
RES      $325,000 S 5312 1 Story/Ranch 4 11482 Quivas Way MBD2X  
RES      $765,000 S 5807 2 Story 5 2877 W 115TH Cir REM12  
 

Total Number of   Residential-Detached Listings: 3

 

Total Listings Reported (All Types): 4

 

Source:  IRES data 06/01/13- 06/30/13.  Properties above were listed or sold by the real estate brokerage offices shown.  Information is deemed reliable but not guaranteed.

May 2013: Sales in The Ranch & Ranch Reserve

Attached Dwelling Listings

  Type Price Status SqFt Style Beds   Address Office
  ATD $90,000 S 856 1 Story/Ranch 2   2978 W 119TH Ave MBGOL
  ATD $150,700 S 1275 1 Story/Ranch 2   2927 W 119th Ave 102 0RWST
  ATD $171,000 S 2031 1 Story/Ranch 2   11585 DECATUR St D 1HOME
  ATD $177,000 S 1396 1 Story/Ranch 2   2883 W 119th Ave 204 0153B
  ATD $213,000 S 2178 2 Story 2   2229 RANCH Dr CC123
  ATD $228,000 S 2178 2 Story 3   2285 RANCH Dr MBN61

Total Number of Attached Dwelling Listings: 6

Residential-Detached Listings

  Type Price Status SqFt Style Beds   Address Office
  RES $320,000 S 3616 Tri-Level 4   11224 QUIVAS Loop MBN17
  RES $332,000 S 2757 Tri-Level 4   2336 W 118TH Ave M1558
  RES $356,250 S 3670 2 Story 6   2657 W 118TH Ave KWR30
  RES $445,000 S 5520 2 Story 5   11420 QUIVAS Way MBN41
  RES $690,000 S 4529 1 Story/Ranch 5   2184 W 116TH Ave M1842

Total Number of Residential-Detached Listings: 5

 

Total Listings Reported (All Types): 11

Source:  IRES data 05/01/13- 05/31/13.  Properties above were listed or sold by the real estate brokerage offices shown.  Information is deemed reliable but not guaranteed.

April 2013: Sales in The Ranch & Ranch Reserve

Attached Dwelling Listings

    Type    Price     Status    SqFt     Style      Beds    Address                 Office
      ATD    $325,500    S       2302     2 Story     3      11276 RANCH Pl      MBN41

 

    Total Number of Attached Dwelling Listings: 1

Residential-Detached Listings

Type    Price     Status     SqFt      Style              Beds    Address                                     Office
RES      $330,000    S       3457      Four-Level      5        11261 Quivas Loop                 0CDRL
RES      $491,000    S       4949      2 Story            5        2256 COUNTRY CLUB Loop   CBR18
Total Number of Residential-Detached Listings: 2

Total Listings Reported (All Types): 3

Source: IRES data 04/01/13- 04/30/13. Properties above were listed or sold by the real estate brokerage offices shown. Information is deemed reliable but not guaranteed.

The Ranch Reserve: March 2013 Sales Activity

The Ranch Reserve:  Attached Dwelling Listings

Price Status Address Office
$88,900 A 2978   W 119TH Ave MBGOL
$139,900 A 2882   W 119TH Ave WURR1
$167,000 A 2927   W 119th Ave 102 0RWST
$179,900 A   / B 2883   W 119th Ave 204 0153B
$173,500 S 2971   W 119TH Ave 101 REM36
$178,500 S 2883   W 119th Ave 12-201 0RITZ
$206,000 S 2877   W 119th Ave 102 0INTV
Total   Number of Attached Dwelling Listings: 7

The Ranch Reserve: Residential-Detached Listings

Price Status Address Office
$625,000 A 2751   W 114TH Ct RMW10
$675,000 A 2593   Country Club Ct FRON
$997,500 A 11550   N Decatur St LLEG
$1,395,000 A 2788   W 115th Dr 0CRSS
$2,490,000 A 2391   Ranch Reserve Rdg LLEG
$750,000 A   / B 2811   W 114TH Ct CBR56
$785,000 A   / B 2877   W 115TH Cir REM12
$750,000 P 2811   W 114th Ct FRON
$337,500 S 11655   Decatur Dr 0KWPR
$500,000 S 11403   DECATUR Ct NEW06
$675,000 W 2593   COUNTRY CLUB Ct CBR56
$785,000 W 2877   W 115TH Cir REM12
$1,099,500 X 11235   Clay Ct AFPB
Total   Number of Residential-Detached Listings: 13

Total Listings Reported (All Types): 20

Source:  IRES data 03/01/13- 03/31/13.  Properties above were listed or sold by the real estate brokerage offices shown .  Information is deemed reliable but not guaranteed.