Hud closings on hold update.

The latest updated on the temporary hold for HUD transactions is that all files that were currently with MCB are currently in transit to the three new asset managers (HomeTelos, Matt Martin Realty and Pemco).  We are told they should all have their inventory by this coming Monday, November 8, 2010.  Whether or not they will be ready to open their doors for “business” we have not yet been advised however we would imagine that they are as anxious as everyone else to get going as they have been staffed for quite some time and as we all know that requires money.
 
For those of you who have files to that need to get to the closing table the question will be which asset manager has your file and how ready will they be to get it to the closing table? 
  

Comments

Post a Comment

Popular posts from this blog

Why Are So Many Trees Dying in Colorado?

Image
On a recent trip on I-70 to evaluate some land for a client, I was confronted with sad but beautiful image of red forests stretching for miles across the hills. The image of a red "evergreen" contrasting against the green scenery is mesmerizing at first until you take a closer look at red death destroying millions of trees in Colorado. Beetle epidemics across the western United States are becoming more obvious every season with entire landscapes turning red and brown as trees die. In northwest Colorado the beetle epidemics, triggered by extended drought in aging forests, are intensifying at an alarming rate, and there is little that can be done to stop them. Actions can be taken to protect high value areas such as ski areas, developed campgrounds and trees in people’s yards. Hastening Death: Pine beetles carry a fungus on their body and legs. Once they enter the tree, the fungus multiplies and spreads. This blue stain fungus blocks the transport of water up the tree’s trunk
Read more

Green Homes in Colorado: Saving Rain Water

Image
Colorado’s hot, dry summer’s weather may mean another round of water shortages. With water restrictions in place, keeping your family’s backyard flower and vegetable gardens moist and viable could be a serious challenge. Consider purchasing a rain barrel. These heavy-duty plastic or wood barrels catch rainwater and store it until you need it. A rain barrel allows for the practical reuse of water that otherwise would run down your driveway into a street drain, form puddles in your yard or feed into area streams. Reusing rainwater doesn’t just help the environment; it can lower your water bill and teach your kids about the importance of water preservation. The federal Environmental Protection Agency estimates that lawn and garden watering comprise nearly 40 percent of household water use during the summer, and that a rain barrel can save most homeowners about 1,300 gallons of water during peak summer months. Because it’s naturally soft and doesn’t contain minerals, chlorine, fluoride or
Read more

October 2018 Market Analysts for Home Sales in Metro Denver

Image
In keeping with past seasonal trends, the Denver Metro Area housing market saw fewer home sales in September 2018. Home prices continue their steady rise, with average sold price in September 7% higher than this time last year. During the fall and winter months, home buyers and sellers can take advantage of a slower pace or make preparations for next year. Seasonal Cooling in the Colorado Housing Market As the weather cools, we often see a seasonal slowing in the Colorado housing market. Fewer homeowners are interested in moving into a new home during this time of year. This time is often spent preparing for winter, knowing the holiday season will soon be upon us. In September, 4,229 homes sold across the Denver Metro area, 25% lower than last month. There was also a decrease in the number of homes under contract, 5% fewer than last month. However, year-to-date sales are only 3% lower than this time last year.  If you want to buy or sell a home now… Home buyers can b
Read more