Real Estate Information Archive


Displaying blog entries 151-160 of 160

A Short sale success in Berthoud!

by Team Cook

I just wanted to take a minute and thank Team Cook
for all the hard work you have done for me and to let you
know that I really appreciate it!

You have saved me from foreclosure and I really appreciate
everything you guys did to make this happen. You just don't
know how relieved I am right now. I will definitely recommend you to anyone who is in the same situation as I was.

You have gone "The Extra Mile" to make this happen and
I am really impressed how you always remained positive and
professional in some pretty stressful situations. I could not
have done this without your team. This entire ordeal was
very stressful for me and you did a great job of helping me
through this tough period in my life. You gave me a solution
when I didnt believe there was one.

Again, thank you.


Options for homeowners in distress

by Team Cook

Homeowners whose mortgage balance exceeds the current property value know the futility of trying to get a refinance. Refinancing options for so-called "underwater" mortgages are limited because most lenders require some equity in the property - ideally about 20 percent.

However, borrowers should not give up hope. Options do exist, especially via the government's Making Home Affordable program.

One of those options is HARP. If you meet certain criteria, your underwater loan may be eligible for a refinance through the federal Home Affordable Refinance Program. The program allows qualified borrowers to refinance a loan that is from 105 percent to as high as 125 percent of a homes value.

However, not every underwater loan qualifies for HARP. First, you must not be on the road to foreclosure. Any delinquent payments in the past 12 months will automatically disqualify you from eligibility. In addition, either Fannie Mae or Freddie Mac must own the loan. You can find a loan lookup tool and other calculators at the government's Making Home Affordable Web site.

Your ability to take advantage of HARP will depend on payment history and other factors including credit score, the structure of the current home financing and specific lender guidelines.

"Can it help everyone? No" Says Jason Bonarrigo, senior mortgage banker with Wells Fargo Home Mortgage of Boston. However, Bonarrigo has closed several HARP loans and says it's worth investigating eligibility.

"If refinancing through HARP can shave $300 or $400 off a monthly mortgage payment, it can sometimes make a difference between keeping and loosing a home down the road," he says.

Your second option is HAMP. If you not only have an underwater mortgage but also have missed payments, you may qualify for the federal Home Affordable Modification Program that is available through mortgage lenders.

To qualify, you must demonstrate financial hardship that puts your mortgage in imminent danger of default. The mortgage must be owned by Fannie Mae, Freddie Mac or by others signed up with the U.S. Treasury to qualify for HAMP.

While the program provides government incentives (of up to $1,500) to lenders to process these modifications, the ultimate approval rests with the lender.

"HAMP is not a refinancing program - it's a change to the contract terms...but it can lower your payments for up to 60 months," says Mickael Goldstein, a bankruptcy attorney and partner at Goldstein and Clegg in Lynnfield, Mass.
Article written by Marcia Passos Duffy -




970-532-2695 OR 970-532-5900.

A Short sale is better than a foreclosure!

by Team Cook

Almost ANY option is better than a foreclosure!

Simply stated, do everything you can before foreclosure occurs and do it as quickly as humanly possible. Don't sit back and keep thinking, "What Can I Do?" Instead, consider a short sale before your options become more limited.

Team Cook at the Cottage Realty has the knowledge aqnd experience to save you from foreclosure and get the deal done.  We are Certified Distressed Property and Short Sale Experts!

All consultations are discreet and held in strict confidence. No information is shared. 

Take the next step and call Team Cook today - 970-532-2695.


Bad things happen to good people!

by Team Cook

Losing your home to foreclosure due to an inability to keep up with your monthly mortgage payments is one of life's most unpleasant experiences. It is also an event that keeps on affecting you long after your home is history by devastating your credit score. Regrettably, most people cannot be 100% sure that they will remain safe from foreclosure because they can't foresee the unexpected. Occurrences such as serious illness, a major accident, divorce or job loss can happen to anyone. So it's a good idea to understand the available alternatives should the worst occur.

Of all available options, foreclosure is the worst.
The inevitable result of a foreclosure is the lender taking your house. Not only will you lose your house, but the lender can get a judgment against you for the arrearages you owe plus his costs for the foreclosure action. If that isn't enough, your credit report will be in terminal condition for many years to come, worsening an already bad financial situation and making it very difficult to obtain any other kind of credit. There is no upside to foreclosure. It should be avoided at all costs.

Consider a short sale when foreclosure seems inevitable
A short sale is a popular, NO COST, option for homeowners mired down with financial problems. In this case, you would sell your home for less than what you owe your lender; the biggest problem you will face is getting your lender to agree to a short sale. In many situations, they will not. Experts advise pursuing this option the minute you realize that you are falling behind in your payments and most likely won't be able to catch up. The longer you wait and the greater the amount you are in arrears, the less likely it becomes that your lender will even be willing to discuss a short sale.

At its best, a short sale can be a win-win for both parties. For the seller, a short sale provides the opportunity to avoid foreclosure and the dreaded implications that a foreclosure brings, in addition to being able to return to home ownership sooner; alternately, the lender receives most of the value of the loan sooner, and avoids incurring additional legal or carrying costs while the foreclosure process plays out, which can sometimes even take years. And, frankly, short sales are great options for savvy buyers.

Almost any option is better than foreclosure
Simply stated, do everything you can before foreclosure occurs and do it as quickly as humanly possible. Don't sit back and keep thinking, "What can I do?" Instead, consider that short sale before your options become more limited.

The One Best Tip I Can Give You: Don't Do This Alone
Connect with a Certified Distressed Property Expert and work with someone who has the knowledge and experience to save you from foreclosure and get the deal done. All consultations are discreet and held in strict confidence, NO information is shared.

Team Cook has the knowledge & experience to save you from foreclosure and get the deal done. We are Certified Distressed Property & Short Sale Experts!

Please visit: or call 800-571-6616

A short sale success in Loveland!

by Team Cook

"Team Cook has been wonderful to work with. They helped us sell our home through a short sale process and took care of making the process as painless as possible. 

They were AMAZING! They went over and above any expectations - without them this would not been possible. I recommend them to everyone." 

D & W

Famous Swiss Cheese Dip

by Team Cook

This dish is a "MUST HAVE" for any gathering!

Famous Swiss Cheese Dip


2 cups Shredded Swiss Cheese
2 cups Best Foods Mayo
2 blocks of Cream Cheese
2 packages of real bacon bit pieces
1 box ritz crackers


Preheat oven to 350 degrees.  Soften cream cheese in microwave. In a large bowl, combine Swiss Cheese, Mayo, & Cream Cheese - mix well.  Scoop mixture into a greased 9 X 13 pan. Sprinkle bacon bits on the top to cover.  Bake in oven for 15 to 20 minutes or until cheese starts to bubble on the sides. Remove from oven & enjoy with ritz crackers!

Team Cook partner Kim Yordt prepared this dish for the holiday celebration and it was a huge success!

Baked Potstickers

by Team Cook

Looking for appetizer ideas to help ring in the New Year?

Team Cook partner Kim Yordt makes this fantastic side for family & friends during the holidays.

The Pampered Chef ®
Baked Potstickers with Sweet Asian Dipping Sauce


1 can (8 ounces) water chestnuts, drained and finely chopped
1/2 cup thinly sliced green onions with tops
1/4 cup grated carrot
1 teaspoon peeled and finely grated fresh gingerroot
1 can (10 ounces) chunk white chicken, drained and flaked
1 tablespoon reduced-sodium soy sauce
1 egg white, lightly beaten
1/4 cup mayonnaise
1 garlic clove, pressed
24 square wonton wrappers
Pantry Basil Oil

Dipping Sauce

1/2 cup red jalapeño jelly
1/4 cup rice vinegar
2 tablespoons reduced-sodium soy sauce

Preheat oven to 425°F. For potstickers, finely chop water chestnuts using Food Chopper. Thinly slice green onions using Chef's Knife. Grate carrot using Deluxe Cheese Grater. Finely grate gingerroot using Microplane® Adjustable Grater. In Stainless (2-qt.) Mixing Bowl, combine chicken, water chestnuts, green onions, carrot, gingerroot, soy sauce, egg white, mayonnaise and garlic pressed with Garlic Press; mix well using Classic Scraper.

To assemble potstickers, place 12 wonton wrappers onto smooth side of Large Grooved Cutting Board. Lightly brush edges of each wonton with water using Pastry Brush (see Wonton Shapes). Using Small Scoop, place a mounded scoop of filling onto center of each wonton. Shape and seal wontons as desired. Place potstickers on Large Round Stone; lightly spray with basil oil using Kitchen Spritzer. Repeat with remaining wontons. Bake 12-15 minutes or until edges of potstickers are golden brown. Remove from oven to Stackable Cooling Rack.

Dipping Sauce

Place jelly in Small Batter Bowl. Microwave on HIGH 30-40 seconds or until warm; add vinegar and soy sauce. Whisk until well blended using Stainless Mini Whisk. Transfer potstickers to Simple Additions® Rectangle Platter using Chef's Tongs; serve with dipping sauce.

Yield: 24 potstickers

Note: The easiest fold is the Envelope: Brush all four edges of wonton. Fold one point over filling and overlap with the opposite point. Repeat with remaining two points. 


Another Successful Short sale in Loveland!

by Team Cook

Kevin & Connie & All the Cottage Realty staff -

J.J. & I would like you to know how much we appreciate all your hard work and effort put into selling our house!

Our life and our future was in your hands and you all did everything to make sure we had a bright future!

You will never know how much we truly appreciate you and your company!

So, thank you, thank you from the bottom off our hearts for all you do!

J.J. & Holly 

Short sales increase as banks see benefit over foreclosures

by Team Cook, John Gittelsohn, Margaret Collins

A recent article from the Bloomberg News wrote on Short sales starting to increase.  Part of the article reads:

"Three years into a U.S. housing slump that pushed the economy into a recession and cut resale values by 30 percent from the peak in July of 2006. Short sales tripled to 40,000 in the first six months of 2009 from the same period a year earlier.
Yet for each short sale, there were 25 foreclosures started or completed in the first half of this year, according to data from the Office of the Comptroller of the Currency.
"It's really finally dawning on banks that they're better off with a short-sale," said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California in Los Angeles. "I think banks were in denial."
Wells Fargo, Bank of America Corp. & JPMorgan Chase & Co. this year have hired & trained more staff, developed software systems for expediting short-sales, & increased marketing of short sales to delinquent borrowers.

Banks are increasing such sales under pressure from the Obama administration & law makers who criticized them for favoring foreclosures and delaying short sales, Green said. Lenders & loan servicers also stand to receive up to $2,000 in incentives to close short sales under a Treasury Department plan unveiled Nov. 30th. "  Written by John Gittelsohn & Margaret Collins.

If you are someone you know is in a difficult situation, there may be a better way out, and Team Cook is here to help.  We are Short sale experts in Northern Colorado.

Call us today for more information or log into: - 970-532-2695


Team Cook you're my HERO'S!

by Randy Lindstrom

Team Cook you're my HERO'S! (Wish I would have listed with you 2 years earlier)

I had my house on the market for two years (5/07 - 4/09) listed with different agents of course! With the economy the way it is, I lost my job and had other family crisis's going on at the same time. I spoke with Kevin about a short sale. Best decision I have made in many years! I was able to concentrate on my family issues while they handled the sale of my home. One less concern for me. I would recommend this team to everyone. They are true professionals, their communication is superb. They kept me informed of the progress from the beginning to the end when it finally sold. And thank you Rose for staying on those mortgage companies.

One very happy client,

Randy Lindstrom

Displaying blog entries 151-160 of 160





Contact Information

Team Cook Real Estate Services
The Cottage Realty Ltd.
908 Mountain Avenue
Berthoud CO 80513
Fax: 970-532-2699

"I have truly heard and seen first-hand that Cottage Realty is wonderful, exemplary, and a real asset to the economy of Northern Colorado. I will definitely keep Cottage Realty in mind as my first choice if and when I have real estate needs in the future. Again, thank you so much. I will also refer you to friends and family who need your services. Sincerely...Stacy"