Yearly Archives: 2013

WASHINGTON, D.C. - September 23, 2013 - (RealEstateRama) -- Pressure is building in Congress to delay new insurance legislation being implemented in the wake of the recent flooding in Colorado, despite a top official claiming he does not have the authority to stop premiums raising.

DENVER - September 23, 2013 - (RealEstateRama) -- Homeowners using privately owned access roads and bridges that were damaged as a result of the severe storms, flooding, landslides and mudslides may receive limited disaster assistance help from the Federal Emergency Management Agency (FEMA) and the U.S. Small Business Administration (SBA)

DENVER - September 20, 2013 - (RealEstateRama) -- Disaster Recovery Centers (DRCs) in Boulder, Larimer and Weld counties are open to help survivors with property damage and other setbacks from Colorado’s severe storms, flooding, landslides and mudslides. The DRCs are operated by the Colorado Office of Emergency Management and the Federal Emergency Management Agency in partnership with the county and local Disaster Assistance Centers.

DENVER - September 20, 2013 - (RealEstateRama) -- Three additional counties are now eligible for individual disaster assistance from the Federal Emergency Management Agency (FEMA).

WASHINGTON, D.C. - September 18, 2013 - (RealEstateRama) -- Mark Udall, who has fought to strengthen federal consumer-protection laws, warned Coloradans to beware of consumer scams in the wake of the ongoing tragic flooding. Udall said consumers should be especially wary of home-repair scams, insurance fraud and charity scams, which are all likely to surface after this natural disaster.

DENVER - September 4, 2013 - (RealEstateRama) -- Fort Lyon reopened today as home to a new collaborative and innovative project that will help end veteran homelessness, reduce chronic homelessness throughout the state and adds jobs in Bent County.

DENVER - September 1, 2013 - (RealEstateRama) -- Colorado Attorney General John Suthers today announced a successful outcome for victims of Paramount Mortgage of Colorado Ltd and owner Jill M. Evans (D.O.B. 09/15/65). In early 2012, the Attorney General announced that the State Grand Jury had indicted Evans for stealing fees for mortgage loans that Evans never delivered.

EUGENE, OR - August 30, 2013 - (RealEstateRama) -- IDX, Inc. is pleased to announce Jalyn VanConett is among the latest group of real estate agents and brokers to enable their websites to host the innovative IDX Broker software. The customizable IDX solution VanConett now hosts extracts raw listing data directly from the Grand Junctions MLS (GJMLS) and integrates it onto the search page VanConett presents to home seekers. By adopting a custom IDX solution, VanConett has demonstrated her dedication to serving her clients and providing them with a unique and informative online property search.

EUGENE, OR - August 26, 2013 - (RealEstateRama) -- Today, IDX, Inc. is pleased to announce that real estate agent Robin Williams has adopted her own customized IDX solution, in an effort to upgrade the search capabilities of her realty website. IDX Broker software extracts raw Colorado Real Estate Network (CREN) data and seamlessly integrates it into the detailed search feature Williams hosts. Her real estate solution has simplified finding the perfect property online, by making thousands of homes available for a quick and easy search. Williams now supports one of the most dynamic and comprehensive real estate websites around Durango, Colorado

DENVER - August 22, 2013 - (RealEstateRama) -- Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, issued his final report today regarding the total amount of consumer relief granted by the five banks that are parties to the settlement. The banks disclosed that from March 1, 2012 through June 30, 2013 they have extended $51.33 billion in total relief to 643,726 borrowers nationwide. These figures include principal forgiveness that is granted to allow customers to reach a loan modification that lowers their mortgage payments or loan forgiveness that is needed to allow a homeowner to get a short sale.

DENVER - July 31, 2013 - (RealEstateRama) -- Colorado Attorney General John W. Suthers today announced that his office and the Federal Trade Commission (FTC) have reached a settlement with Russell and Catherine Dalbey of Boulder for allegedly defrauding consumers with promises of making money by brokering seller-financed promissory notes or privately held mortgage loans. The two are now banned from telemarketing, selling business opportunities and producing or distributing infomercials.

WASHINGTON, D.C. - July 29, 2013 - (RealEstateRama) -- U.S. Bank and Denver-based Mercy Housing today kicked off a partnership to provide free school supplies and ongoing financial education to families and individuals living at Mercy Housing properties in Denver and three other cities this summer.

WASHINGTON, D.C. - July 25, 2013 - (RealEstateRama) -- Mark Udall, who serves on the U.S. Senate Armed Services Committee, urged the U.S. Department of Veterans Affairs in a letter today to reimburse financing fees charged for VA-backed home loans to veterans who lost their homes in the Waldo Canyon and Black Forest Fires. Udall sent the letter after learning of a constituent who paid thousands of dollars in non-reimbursable fees for a VA-backed home refinance loan only to lose his home a few months later in the Black Forest Fire. Under current policy, he and other VA beneficiaries may be required to pay additional fees when using a VA loan to purchase a replacement home.

WASHINGTON, D.C. - July 25, 2013 - (RealEstateRama) -- Today, House Financial Services Committee Republicans rushed through passing a radical a housing finance plan (PATH ACT) that could force homeowners into risky and exotic mortgages, gut protections for homebuyers, and end the 30-year fixed rate mortgage. U.S. Rep. Ed Perlmutter (CO-07), a member of the House Financial Services Committee called this measure a "Path to Nowhere" and voted against the measure in committee. The Republican plan would significantly raise the price of homeownership while at the same time eliminate many affordable housing programs.

WASHINGTON, D.C. - July 25, 2013 - (RealEstateRama) -- Today the House Natural Resources Committee approved by unanimous consent H.R. 2337, the Lake Hill Administrative Site Affordable Housing Act, in a full committee markup. The bill was introduced by Representative Jared Polis (CO-02) in June and Senators Udall and Bennet introduced companion legislation, S. 1305, in the Senate last week. This bill seeks to convey 40 acres of the Lake Hill property in the White River National Forest to Summit County, Colorado. Summit County plans to use the site for affordable housing and proceeds from the sale would go to Region 2 of the U.S. Forest Service for much-needed capital improvement and maintenance of Forest Service facilities.