Colorado 26th for foreclosures

 Colorado 26th for foreclosures

 

Foreclosures may be dwindling in Denver, but they aren't totally gone. The Bank of New York Mellon acquired this 1,101-square-foot home in July in a foreclosure, according to public records.

Foreclosures may be dwindling in Denver, but they aren’t totally gone. The Bank of New York Mellon acquired this 1,101-square-foot home in July in a foreclosure, according to public records.

The era of Colorado being considered the poster child for foreclosure activity appears to be long over.

Colorado ranked 26th in foreclosure activity in July, according to a national report released today by RealtyTrac.

In fact, Colorado and a handful of other states are now either at or below foreclosure levels where they were before the housing bubble burst, according to RealtyTrac.

About a half-dozen years ago, when the national real estate bubble was peaking, Colorado and the Denver area experienced a flurry of foreclosure activity before it hit the rest of the country.

In those days, Colorado and the Denver area were often ranked in the top three foreclosure markets in the U.S., often being saddled with the unwanted distinction of being No. 1 in the nation for foreclosures.

Until the last year or so, Colorado was often still on the top 10 list for foreclosure activity.

The latest report by RealtyTrac shows that one out of every 1,515 households in Colorado was in some stage of the foreclosure process in July.

That compares with the national average one out of every 1,001.

Colorado’s foreclosure activity last month was down 49.53 percent on a year-over-year basis, compared with a national drop of 31.8 percent.

Foreclosure activity in July dropped 10.85 percent, while across the country it dipped an average of only 2.42 percent.

Most of the counties in the Denver area showed fewer foreclosures than that state, according to RealtyTrac.

The number of foreclosures by household units by county were:

  • Adams, one out of 1,031.
  • Arapahoe, one out of 1,315.
  • Boulder, one of 3,085
  • Broomfield, one out of 2,007.
  • Denver, one out of 1,830.
  • Douglas, one out of 7,023.
  • Elbert, one out of 2,960.
  • Jefferson, one out of 1,573.

Insiderrealestatenews.com

 

 

John Marcotte

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Stapleton senior housing

Stapleton senior housing

Greenway at Stapleton

Greenways at Stapleton

The first market-rate apartment community for active adults at Stapleton is officially breaking ground today.

The 108-unit development, called Greenways at Stapleton, is in the heart of Stapleton at the intersection of Martin Luther King Boulevard and Ulster Street.

“Greenways is a smart choice for people aged 55+ who want to live a maintenance-free lifestyle close to all that Stapleton offers—shopping, dining, parks and events,” said John Thode, director of development for Wisconsin-based Horizon Development Group. “We’re already hearing from folks who want to live closer to family or retire in the area.”

The Greenways will feature 48 one-bedroom, 53 two-bedroom and seven two-bedroom plus den apartments.

They’ll offer a wide variety of floor plans, with apartments ranging in size from 700 to 1,200 square feet. For other senior living options, visit sites like carltonseniorliving.com/community/sacramento/.

All apartments feature functional layouts, nine-foot ceilings, full kitchens, in-unit washers and dryers, energy efficient design and appliances and private balconies or patios. Rents start at $1,000 per month.

Amenities for residents include a large clubroom with kitchen; outdoor landscaped plaza; fitness room; café with free WiFi; private dining/meeting room; activity room; and underground parking. A community manager will schedule on and off-site gatherings. Insidernews.com

 

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RE/MAX’s $100 million public offering plan

RE/MAX’s $100 million public offering plan

Dave Liniger

Dave Liniger

RE/MAX Holdings Inc.,  the real estate juggernaut that popularized the 100 percent commission concept after being founded in Denver four decades ago, today announced it is taking the first step to going public, a move long-anticipated by observers.

RE/MAX, founded by Dave and Gail Liniger in 1973, filed a registration document with the Securities and Exchange Commission saying it would seek to raise as much as $100 million with an initial public offering. It would be traded

The document also provided the first public look at many of the privately held company’s finances.

Financial Snapshot

It posted $78.316 million in total revenues in the first half of the year, 11.6 percent more than the $70.2 million in the first six months of 2012.

Revenues have been growing since 2010. Last year, it had total revenues of $143.7 million, compared with $138.3 million and $140.2 million, in 2011 and 2010, respectively.

The real estate franchise company, the biggest in the world, showed net income of $14.95 million in the first half of this year, compared with $13.835 million during the firs half of 2012. It had $18 million in 2012, compared with $13.94 million in 2011 and a loss of $16.14 million in 2010.

It has total assets of $238 million and long-term debt of $223 million. It has 91,808 agents, compared with 88,487 in the first half of 2012. RE/MAX agents sold $296 billion in real estate last year, $165 billion of it in the U.S.

It plans to use about $27.3 million of the net proceeds of the initial public offering to re-acquire regional RE/MAX franchise rights in the Southwest and Central Atlantic regions of the U.S. through the acquisition of the business assets of HBN, Inc. and Tails, Inc.

Weston Presidio, a private equity firm with offices in San Francisco and Boston, made a $40 million investment in RE/MAX in 2010.

Going public has long been discussed as a possibility for RE/MAX.

Insidernews.com

 

 

John Marcotte

720-771-9401

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Pho Real: Boulder’s Best Pho

 

Pho Real: Boulder’s Best Pho

By  YourBoulder.com

boulder pho

Ask a CU Boulder student and it’s likely he’ll say that pho is more than a food — it’s a remedy. But I’ll get to that.

Pho is a well-known and well-loved Vietnamese dish, a giant bowl of piping-hot liquid heaven.  It’s deceptively simple – a light, briny beef broth with flat rice noodles and slices of steak, served with an array of toppings and condiments you can add as you wish.  There are few culinary joys like hanging your head over a giant bowl of pho and taking a deep inhale – it’s like a sauna full of gingerbread men.  It truly has rejuvenating qualities, it does wonders for your sinuses, and it’s a blessing when you have a cold.

Don’t worry about nailing the pronunciation – many mistakenly say it like “foe” but it’s more accurate to say “fuh.”  To be technical, there is extra emphasis on the end, like “fuhAH.”  But even if you can’t grasp the cadence of spoken Vietnamese, everyone will know what you mean.  Many who sell it around here will kindly pronounce it “foe” so you don’t feel weird about it!

So where can you get it in Boulder?

The Vietnamese community in Boulder is very small, but there’s an abundance of pho in town.

Chez Thuy
2655 28th St  Boulder, CO 80301
(303) 442-1700 

Chez Thuy is perhaps the most well-known, often recognized by the Boulder Weekly’s “Best of Boulder” and a very popular local destination.  It can get very busy, and complaints about the apathetic service are only exacerbated during their hectic lunch and dinner rushes.  Priced around $9 for a “medium” bowl, their pho definitely does the trick, but it’s hardly the best thing on the menu.

Viña Pho & Grill
1630 30th St
(303) 444-1809 

Viña Pho & Grill is a great place you should go if you aren’t too rushed.  The sizes aren’t as gargantuan as other restaurants but it’s big enough to fill most stomachs, and many locals swear by their method.  Priced at a little over $7 for a small bowl, Viña is definitely worth a taste.

Black Pepper Pho

2770 Pearl St
(303) 440-1948

With more of a modern approach to Vietnamese cuisine, you can expect a clean dining experience and great service at Black Pepper Pho.  The pho itself doesn’t stand out far beyond the other bowls and grill options, but it should be noted they take good care of gluten-free customers.  Purists may not approve, but especially if you pair it with one of their delicious Boba tea options, it’s tasty enough to get a non-believer started.

May Wah
2500 Baseline Rd.
(303) 499-8225

May Wah is tucked away in a big Baseline shopping center and has a reputation for solid Chinese fare.  It’s easy to get lost in their giant menu, but their $8 pho is competitive with Chez Thuy and offers just about every protein combination you could ask for.  They may not be pho specialists but they certainly have a few loyal customers.

Kim’s Food To Go
1325 Broadway St
(303) 442-2829

One of the best-kept secrets in town is the pho from Kim’s Food To Go.  Often overlooked in reviews because of the storefront’s “shack” aesthetic and the lack of indoor dining, its appearance easily belies the quality of the food.  It’s by far the best Asian option on the Hill.  And not only is it one of the only places in town you can find real Hanoi pho, but it’s definitely the best bang for your buck – at a flat $7 for a giant bowl, it’s very tough to beat!

Pho Basil
3280 28th St.
(303) 444-1226

A newcomer to the block, Pho Basil has picked up a lot of steam with daring Chinese dishes and a prominent 28th Street location, but has not made much of its namesake.  There is plenty of delicious food here but the pho is not quite worth the $8 (and it doesn’t help they are known to add your veggies for you).

You & Mee Noodle House
1311 Broadway St.
(720) 214-0585

This seems to be a good place for college students on a budget without a real appreciation for a bold bowl of pho.  The condiment bar allows you to customize your bowl to whatever extent you wish, but you’re going to need it to cover up the bland, canned broth.  However, if you’ve only got $6 in your pocket, it may just be enough to satisfy cravings.

 

 

John Marcotte

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Springs apartment rates highest ever

 

Springs apartment rates highest ever

Apartment rents in Colorado rose to an all-time high in the second quarter, according to a report released today by the Colorado Division of Housing.

The apartment vacancy, meanwhile, fell to the lowest rates since the third quarter of 2001.

The report by the housing division and the  Apartment Association ofSouthern Colorado, showed the average monthly rent in the Colorado Springs metro area rose year-over-year for the 14th consecutive quarter during the second quarter, climbing 3.9 percent to $807.

The second-quarter average rent was up from $776 in the second quarter of 2012, and was up from this year’s first-quarter average rent of $787.

The average rent increased year over year in all regions except the Northeast where the average rent was flat. The largest increase in the average rent for any region of the Colorado Springs area was found in the Southeast where the average rent increased 12.2 percent from $638 during the second quarter of last year to $717 during the same period of this year.

The Security/Widefield/Fountain regional also reported a sizable increase in the average rent, with an increase of 6.6 percent from $622 during the second quarter of last year to $664 during the second quarter of this year.

Average rents for all market areas during the second quarter of this year were: Northwest, $872; Northeast, $753; Far Northeast, $901, Southeast, $717; Security/Widefield/Fountain, $664; Southwest, $821; Central, $777.

I’d say its time TO BUY! View Colorado condos for sale

 

John Marcotte

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5 Essential Questions to Ask Before Hiring a Contractor

5 Essential Questions to Ask Before Hiring a Contractor

·

5 Questions to Ask Before Hiring a Contractor Thinking of finishing your basement or remodeling your home?……. For all of the excitement of choosing plumbing fixtures (have a peek here), cabinets, and tiles for a remodeling project, the most important decision you make won’t involve color swatches or glossy brochures. It’s the contractor you pick that makes or breaks the job. That choice will determine the quality of the craftsmanship, the timeliness of the work, and the amount of emotional and financial stress the process puts on you. To make sure you’re getting the best contractor for the home remodeling or bathroom remodeling job, here are five questions to ask the candidates. Hire an expert in plumbing installation in chicagoland if you’re planning to remodel your bathroom or kitchen.

1. Would you please itemize your bid?

Many contractors prefer to give you a single, bottom-line price for your project, but this puts you in the dark about what they’re charging for each aspect of the job. For example, let’s say the original plan calls for beadboard wainscot in your bathroom, but you decide not to install it after all. How much should you be credited for eliminating that work? With a single bottom-line price, you have no way to know.

On the other hand, if you get an itemized bid, it’ll show the costs for all of the various elements of the job—demolition, framing, plumbing like the ones at Quick Greeneville Plumber services, electrical, tile, fixtures, and so forth. That makes it easier to compare different contractors’ prices and see where the discrepancies are. If you need to cut the project costs, you can easily assess your options. Plus, an itemized bid becomes valuable documentation about the exact scope of the project, which may eliminate disputes later.

The contractor shouldn’t give you a hard time about itemizing his bid. He has to figure out his total price line by line anyway, so you’re not asking him to do more work, only to share the details. If he resists, it means he wants to withhold important information about his bid—a red flag for sure.

2. Is your bid an estimate or a fixed price?

Homeowners generally assume that the bid they’re seeing is a fixed price, but some contractors treat their proposals as estimates, meaning bills could wind up being higher in the end. If he calls it an estimate, request a fixed price bid instead. If he says he can’t offer a fixed price because there are too many unknowns about the job, then eliminate the unknowns.

For example, have him open up a wall to check the structure he’s unsure about or go back to your architect and solidify custom home design plans. If you simply cannot resolve the unknowns he’s concerned about, have the project specs describe what he expects to do—and if he needs to do additional work later, you can do a change order (a written mini-bid for new work).

3. How long have you been doing business in this town?

A contractor who’s been plying his trade locally for 5 or 10 years has an established network of subcontractors and suppliers in the area and a local reputation to uphold. That makes him a safer bet than a contractor who’s either new to the business or new to the area—or who’s planning to commute to your job from 50 miles away.

You want to see a nearby address (not a PO box) on his business card—and should ask him to include one or two of his earliest clients on your list of references. This will help you verify that he hasn’t just recently hung his shingle—and will give you perspective from a homeowner who has lived with the contractor’s work for years. After all, the test of a quality job, whether it’s a bluestone patio or a family room addition, is how well it stands the test of time.

4. Who are your main suppliers?

You’ve found a few potential contractors, you’ve talked to the happy former clients on each of their reference lists, now it’s time for one additional bit of homework: talking to their primary suppliers. There’s no better reference for a tile setter, for example, than his preferred tile shop; for a general contractor than his favorite lumberyard or home center pro desk; for a plumber than the kitchen and bath showroom where he’s on a first name basis.

The proprietors of these shops know a contractor’s professional reputation, whether he has left a trail of unhappy customers in his wake, if he’s reliable about paying his bills—and whether he’s someone you’ll want to hire. The contractor should have absolutely no qualms about telling you where he gets his materials, as long as he’s an upstanding customer.

5. I’d like to meet the job foreman—can you take me to a project he’s running?

Many contractors don’t actually swing hammers. They spend their days bidding new work and managing their various jobs and workers. In some cases, the contractor you hire may not visit the jobsite every day—or may not even show himself again after you’ve signed the contract. So the job foreman—the one who’s working on your project every day—is actually the most important member of your team.

Meeting him in person and seeing a job that he’s running should give you a feel for whether he’s someone you want managing your project. Plus, it gives the general contractor an incentive to assign you one of his better crews since you’re more likely to hire him if you see his A Team. If the contractor says he’ll be running the job himself, ask whether he’ll be there every day. Again, he’ll want to give you a positive response—something you can hold him to later on.

Bank of America expects civil charges over mortgage bonds

Bank of America expects civil charges over mortgage bonds

 
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles November 17, 2011. REUTERS/Fred Prouser

 

The Justice Department intends to file civil charges against Bank of America Corp (BAC.N) linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory filing.

The Securities and Exchange Commission may also file civil charges for one of those bonds, the bank said. Both cases relate to mortgages that were too big to be guaranteed by Fannie Mae or Freddie Mac, but were packaged into “jumbo” mortgage bonds.

The filing did not specify what the cases were about. A Bank of America spokesman did not immediately return a call seeking comment.

The new charges, disclosed in a quarterly filing, underscore the extent of the second-largest U.S. bank’s hangover from the financial crisis. Bank of America has announced a series of settlements with investors and the U.S. government, including an $8.5 billion settlement with investors in mortgage-backed securities and a $1.6 billion deal with bond insurer MBIA Inc (MBI.N).

Staff at the New York Attorney General’s office said they intend to recommend filing an action against the bank’s Merrill Lynch unit from their mortgage bond investigation, the bank said in the filing.

The SEC is also considering civil charges against Merrill Lynch linked to repackaged debt securities known as collateralized debt obligations, the filing said.

Many of Bank of America’s headaches, including the $8.5 billion settlement, arise from its disastrous 2008 acquisition of Countrywide Financial Corp, a mortgage lender it bought at the height of the housing crisis for $2.5 billion. Analysts estimate the bank has lost more than $40 billion from bad loans, litigation and settlements linked to the purchase.

(Reporting by Dan Wilchins in New York; Editing by Peter Rudegeair and Lisa Shumaker)

 

John Marcotte

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Boulder Coupons & Special Offers

Boulder Coupons & Special Offers

We’ve been bargain-hunting in Boulder… just for you! Find great savings at Boulder-area hotels, restaurants and attractions with this list of special offers and coupons. With so many money-saving offers, it’s easy to dive into Boulder — without diving into your wallet.

There are plenty of great savings for you to choose from! Just go to a category and click on the offer title to view the special offer or coupon. You can also click on the company name for more information on the company.

 

SERVICES

Offer

Offer Valid

7/1/2013 – 12/31/2013

eGo Car Share

eGo CarShare

Visiting Boulder and need a car for a few hours or a few days? eGo CarShare offers 24/7 pay-as-you-go access to a fleet of 40+ conveniently located vehicles throughout Boulder and Denver. Use promo code “BCVB25-2013” to get $10 off your application… more

 

 

 

John Marcotte

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Tickets Now On Sale for TEDxBoulder Beta

Tickets Now On Sale for TEDxBoulder Beta – August 22

tedxboulder beta 2013

Last week, we announced that tickets are officially on sale for TEDxBoulder 2013. This week, they’ve opened up ticket sales to the only pre-TEDxBoulder event for 2013: TEDxBoulder Beta on August 22.

Applied Trust — a mainstay in the Boulder tech community — and TEDxBoulder have created an event where the community can mix, mingle, and get to meet the speakers on this year’s slate. An added bonus? Live music! Here are the event details:

 

Date: August 22, 2013

Location: eTown Hall in Boulder

Time: 5:30-9:30PM

Tickets: $15 — 100% of ticket sales will be donated to The Black Knights– Fairview High School’s FIRST Robotics team

How to Get Tickets: Just click here

Who’s Performing? Glad you asked. Nicole Atkins and Blake Brown

Speaker applications for TEDxBoulder 2013 close on August 5 and speakers will be announced shortly thereafter. When you come on down to this year’s TEDxBoulder Beta, you’ll get to hear from many of the speakers. Their topics, background — come ask questions and meet your fellow community members as they gear up for one of the biggest speaking engagements of their careers. And no — most won’t be professional speakers. They’ll be people, just like you, who have ideas worth spreading.

 

Click here to get your TEDxBoulder Beta tickets.

 

 

John Marcotte

720-771-9401

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Monday Night Wine Dinner: Flowers Winery with Joe Rance

Monday Night Wine Dinner: Flowers Winery with Joe Rance

 

Looking for something to do this coming Monday?

Date: Monday August 5th, 2013
Time: 5:30-10:30 PM
Location: Frasca Food & Wine

 

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$50 per person
4-course menu
**(not including optional wine pairings, which range from $40-$50 per person)
To Make Reservations please call 303.442.6966
Or come in and join us at one of our walk-in seats!
Monday, August 5th
Flowers Winery with Joe Rance
Begun in 1989 by Buck County, Pennsylvania residents, Walt and Joan Flowers, Flowers Winery was one of the pioneer wineries on the true Sonoma Coast. The property comprises 321 acres located just two miles inland from the Pacific Ocean. Altitude is key here with the vineyards between 1200-1900 feet in elevation. This allows the vines to be above the fog often enough to attain ripeness in this cool climate, while also maintaining plenty of enlivening acidity. We will pour a Chardonnay followed by two Pinot Noirs.

 

 

 

John Marcotte

720-771-9401

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