Jul
6
Colorado Real Estate/Mortgage Bloggers Meet
Filed Under blog, colorado, denver | Leave a Comment
I’ve been blogging for well over a year here at Denver Lender. It’s my third blog iteration. My first blog was on blogspot, google’s blogging platform, however, I didn’t like the platform. My second blog was on Active Rain, a real estate networking site. Active Rain is a neat place but again, I didn’t like the platform. For my third blog, I chose wordpress as the platform since I’m quite proficient in PHP and MYSQL. For the name of my blog I had to choose between www.Denver-Lender.com and www.denvuh.com. Would people get the NY pronunciation of Denver? I wasn’t too sure so I went with a domain name that was fairly easy to say and even easier to remember.
In a few weeks, I’ll get to meet others who blog about Colorado at the first ever Blog Fiesta.
Here are the details:
Blog Fiesta will be held at Garcia’s Mexican Resturant, on July 18th, from 11-3. Garcia’s is in the Denver Tech Center (South Metro Denver), near I-25 and Belleveiw. We have a room reserved to seat 60, and can spill into another room to support as many 100 attendee’s.
Appetizers, soft drinks, lunch & expert blogging will be provided!
11:00-12:00 - Meet & greet with appetizers
12:00-1:00 - Our expert panel on starting your own blog with Q&A
1:00-3:00 - Have lunch and socialize!
The event is free, but registration is required if you want to guaranty a seat. Register Here
Jul
18
Weld County Foreclosure highest in CO
Filed Under mortgage | Leave a Comment
I remember driving up to Fort Collins one day last year and seeing all the sprawl that has happened in the area just north of Thornton. Towns such as Dacono, Erie, Firestone, and Frederick seemed to just materialize out of nowhere. Weld county went boom.
Weld County covers an area of 3,999 square miles in north central Colorado. It is bordered on the north by Wyoming and Nebraska and on the south by the Denver metropolitan area. The third largest county in Colorado, Weld County has an area greater than that of Rhode Island, Delaware and the District of Columbia combined.
According to the Denver Post, Weld county goes bust:
Weld has surpassed Adams as the Colorado county with the highest concentration of homes in foreclosure, according to Realty Trac, an Irvine, Calif., provider of foreclosure data.
One of every 66 homes in Weld County entered some stage of foreclosure in the second quarter, compared with one of every 71 homes in Adams County.
Of course, mortgage companies get most of the blame:
“It is not a fact we are real proud of,” said Donna Schmidt, chief deputy public trustee for Weld County. “We are extremely busy.” …
Schmidt blames poor lending practices for the jump in foreclosures in her county, including adjustable-rate and zero-down mortgages.
“We are seeing the tail end of the bad loans that were given out,” she said.
While 100% financing, adjustable rate mortgages, and questionable lending should burden some of the blame, Weld county should also blame over development and builder incentives. After all most of these homes are new builds and most builders have their own in-house lenders.