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Displaying blog entries 311-320 of 360

The Cottages at Enchantment Ridge - The Richmond Model

by Team Cook

The Richmond Model at Enchantment Ridge

This lovely ranch style home features two bedrooms and one bath. An open and spacious kitchen and dining room. Covered front porch and two car garage. 943 square feet. Home is built green. Price listed is base price and does not include lot premium or upgrades. Privacy fencing allowed. Buyer must qualify - deed restricted - for price of $149,900(Price for full unfinished basement of 943 square feet is $167,900) Without restrictions base price is $168,500. (Price for full unfinished basement of 784 square feet is $179,500)

 CLICK HERE TO TAKE A VIRTUAL TOUR!

The Cottages at Enchantment Ridge - The Williamsburg Model

by Team Cook

The Cottages at Enchantment Ridge

NEW - THE WILLIAMSBURG This impressive two story home features four bedrooms with a main floor master and three baths. An open and spacious kitchen and dining room as well as a large great room. Covered front porch and two car garage. 1516 total square feet (886 on the main level and 630 on the upper level). Price listed is base price and does not include lot premium or upgrades. Buyer must qualify - deed restricted - for price of $184,000. Without restrictions base price is $196,200.

Click Here to take a virtual tour!

Aspen Homes of Colorado

by Team Cook

Aspen Homes of Colorado has worked alongside Team Cook for several years.
Aspen Homes is currently building 2 new construction communities that are listed with Team Cook. These two communities are located in northwest Loveland - The Enclave At Enchantment Ridge and The Cottages at Enchantment Ridge- just west of Wilson Avenue on 43rd Street.

Aspen Homes hard work and dedication has earned them the first of many awards including: 2008 EVHA BUILDER OF THE YEAR BY THE NATIONAL ASSOCIATION OF HOME BUILDERS, SPONSORED BY THE EPA AND NREL, 2003 NEW MILLENNIUM BUILDER OF THE YEAR, 2006 PARTNER OF THE YEAR BY ENERGY STAR, AND HOME OF THE YEAR BY BUILT GREEN!

They are dedicated to build every home at the very highest quality, highest efficiency*, and high tech level possible. And they do this all at the most affordable prices possible, while including options that best fit each buyer.

What hardship is acceptable for a lender?

by Team Cook

Below you will find a list of "hardships" that are frequently accepted by mortgage lenders:

  • Job loss, unemployment or significant income loss
  • Divorce or seperation
  • Excessive medical bills
  • Death of spouse
  • Military service
  • Adjustment in mortgage payment or unforseen increase in living expenses

Most mortgage companies or lenders require the hardship letter pursuant to a short sale. In the hardship letter, it is important to present the facts clearly, and above all else, be honest. The hardship letter must be able to prove the situation that caused you to fall behind on your payments and the excuse for falling behind must be legitimate and provable. A hardship is defined real and the mortgage company believes the loan is likely to become delinquent.

"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. He explained everything to me, and I decided to list it with them. To make a long story short, 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."  Randy

If you are facing a hardship, and would like more information on the Short Sale process, call Team Cook - we ARE Certified Distressed Property Experts! 970-532-2695

How will a Short Sale affect my credit?

by Team Cook

I am concerned about my credit - how will a Short Sale affect my credit?

Late payments leading up to a Short Sale will negatively impact your credit. However, if your bank accepts a Short Sale and does not negatively report, the short sale will not in itself negatively impact your credit score. For sellers, the key advantage to selling in a short sale is avoiding foreclosure. A Short Sale does less damage to a person's credit report than a foreclosure. It's also less detrimental than a "deed in Lieu" (of foreclosure), in which a borrower gives the lender the keys to the house and stops paying the loan.

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

If you are facing the possibility of loosing your home to foreclosure, remember, it's not your only option! There is a huge difference between life AFTER foreclosure and life WITHOUT foreclosure. 

To find out more about how a short sale can affect your credit or for more information on the short sale process, call Team cook today - we ARE Certified Distressed Property Experts! 970-532-2695

How do I get started with a Short Sale?

by Team Cook

There are very specific categories that lenders consider "qualified hardships." A short sale can only take place if both your property and you qualify. You will need to make sure you are working with an experienced short-sale transaction management team so that you will increase the odds of having your lender accept the proposed short sale with your first request. Not all lenders will accept a short sale. Experienced negotiation is the key.

 "I just wanted to take a minute and thank Team Cook for all the hard work they have done for me. I know you have spent alot of time "fighting"to get the best deal for me and I really appreciate it." Doug

To find out more information or to see if you would qualify for a short sale, call Team Cook today at 970-532-2695.

Heart Healthy Recipe for Valentine's Day!

by Team Cook

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.

Kent

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 - Bankrate.com

IF YOU HAVE TRIED WORKING WITH YOUR BANK AND HAVE BEEN UNSUCCESSFUL....LOOSING YOUR HOUSE TO FORECLOSURE MAY NOT BE YOUR ONLY OPTION! 

TEAM COOK AT THE COTTAGE REALTY ARE SHORT SALE EXPERTS! WE ARE CERTIFIED WITH A 100 PERCENT SUCCESS RATE.

CALL TODAY FOR YOUR PRIVATE CONSULTATION.

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.

 

Displaying blog entries 311-320 of 360

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Team Cook Real Estate Services
The Cottage Realty Ltd.
908 Mountain Avenue
Berthoud CO 80513
970-532-2695
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"