Thursday, January 11, 2018

The 3 hottest home color trends for 2018

Find out what designers predict for the year ahead....
 

Leigh Bramer & Brian Thomas

BTT Real Estate

3 Color Trends and How to Use Them

A new year brings fresh trends, and it's no different when it comes to home decor. So what are the hottest home colors for 2018? Read on to see what design forecasters have predicted for the year ahead and get tips for applying them at home.

Color Trends for 2018

  • Darker is dominating. Gone are the days of playing it safe when it comes to colors. Instead, paint experts are encouraging bolder choices with darker hues. Setting the tone, PPG Paints was one of the first to release their new "it" shade for the year with Black Flame, a color described as a rebirth of classic black with deep tones of indigo.
  • Metallics are the new neutrals. Also predicted to be popular in 2018 is Pantone's Intricacy Palette, which features neutral metallics with accents of dramatic red and yellow. This particular look is especially suited for accessorizing otherwise traditional spaces.
  • Intense color lovers will rejoice. Embodying a contemporary spirit, Sherwin-Williams has released three bright color palettes for the year: Unity, Connectivity and Sincerity. From social media to technology, each is inspired by the qualities of modern culture.

How to Add New Color to Your Home

  • Use the 60-30-10 rule. The idea behind this timeless decorating tip is to incorporate your primary color into 60 percent of the room. Your secondary color will take up 30 percent, and your accent color 10.
  • Vary one color throughout. To create a relaxing vibe, go monochromatic and let your main, secondary and accent colors be varying shades of the same hue.
  • Find what feels right. If a formula of 30-30-20-20 works better for you, go ahead and break the rules. Just remember to take note of the color balance in your room.
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Thank you for reading our newsletter, we hope you enjoyed it!
- Leigh Bramer & Brian Thomas
                     
Leigh Bramer & Brian Thomas | BTT Real Estate
Brokers/Owners
team@bttrealestate.com
11020 S. Pikes Peak Dr. #330, Parker, CO 80138
Leigh: (720) 291-1111
Brian: (720) 934-4745
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Friday, April 9, 2010

Only 2% of loan mods are being approved!!

URGENT ALERT!!
Only 2% of loan mods are being approved!!

Home Affordable Foreclosure Alternatives Program (HAFA)

Q: What is HAFA?

A: HAFA, which will help homeowners who are unable to retain their home under the Home Affordable Modification Program (HAMP), provides possible monetary incentives to homeowners in connection with short sales and deeds-in-lieu of foreclosure.

Q: I am already in the process for a loan modification, why would I participate in HAFA for a Short Sale or Deed in Lieu?

A: So far, it looks as though only 2% of the loan modification applications are being approved (with and without HAMP). This means that homeowners are in a potentially worse situation than before the loan modification.

Q: Who is eligible for HAFA?

A: Loan Servicers must consider HAMP-eligible borrowers for HAFA within 30 days after the borrower does at least one of the following:

Does not qualify for a HAMP trial period plan
Does not successfully complete a HAMP trial period plan
Is delinquent on a HAMP modification (misses at least 2 consecutive payments)
Requests a short sale or DIL

Q: Do I have to start over with all of the financial information?

A: Not necessarily. HAFA can use the same documentation that was collected for the loan modification.

Q: Is the lender going to come after me for the deficit?

A: Lenders who are participating in the HAFA program must waive rights to seek deficiency judgments and may not require a promissory note for any deficiency. Rules also apply to participating junior lien holders.

Q: What do I need to do?

A: Call a qualified Realtor to help you through the process.

Brian L. Thomas is licensed, certified and very experienced in distressed real estate situations.

CALL NOW! You can't afford to wait!

720-934-4745

Monday, March 23, 2009

Just Say "NO" to Foreclosure!!

SPECIAL ALERT!!

In this uncertain economy, many homeowners are finding themselves in a very uncomfortable position. They can no longer afford their home with the current payments and the home is worth less than what they owe. Not a very happy place to be. I've been there.

WE HAVE SOLUTIONS!!!

I have partnered with a group of professionals that are dedicated to helping homeowners to keep their homes or find a way to get you out of the financial bind. These professionals include attorneys that work on your behalf and professional negotiators to work with the banks to come to a solution that best fits your situation.

CALL ME NOW!!

The easiest way to get started is to call me at 720-934-4745 or email brian@southofdenver.com . This is a no obligation - free service that I am providing to my community. The only thing I hope is a referral in the future to help someone buy or sell a home.

Sunday, November 16, 2008

Create a Plan to Stop Mortgage Foreclosure

If you do not have a plan for how you are going to stop mortgage foreclosure, your chances of being able to do so are not nearly as good. It does not have to be complicated, a simple document with what you need to do laid out in simple steps will work, but it does need to have a few critical pieces.

Your plan should include the money that you will need to come up with upfront and where you are going to get that money from. In order to stop mortgage foreclosure, chances are good that you are going to need to come up with at least some money. How much money that is will depend on several factors, some of which include how many payments you have missed, how much your mortgage company is charging in late fees and attorney fees, and how far your foreclosure has progressed.

The best way to figure out how much money you currently owe your mortgage company is to call them and request a reinstatement amount. This tells you exactly how much you currently owe your mortgage company. Reinstatement figures typically are only good for a specific amount of time so be sure to get that timeframe accurate in order to stop mortgage foreclosure on your home.

Your plan should also include any important dates and deadlines. If you miss an important deadline, you can seriously harm your chances to stop mortgage foreclosure on your home. In the documentation that you receive from your mortgage company's lawyer, you should find all important dates. These dates include: court dates, foreclosure sale date, right to cure date, and right to redeem date. Some states have a right to cure and a right to redeem written into the laws that govern foreclosure in the state. A right to cure essentially means that you have the right to come up with all of the money necessary to "cure" (reinstate) the loan. This will include all payments you have missed, late fees, attorney fees and any other fees. Make sure you know what the right to cure dates and timelines are for your state. A right to redeem is essentially the right to come up with all of the money that you currently owe your mortgage company. This will be whatever the outstanding balance is on your loan and any fees. Again, if your state has a right to redeem, make sure you know any dates associated with that.

Your plan should also include contact information for your current contact at your mortgage company and your mortgage account number. In order to stop mortgage foreclosure, you will have to work with your mortgage company and you will need to have a contact at the mortgage company who is willing to help you. This person may change during your foreclosure process so be sure that you always have a current phone number, email address and fax number for whoever your contact is at your mortgage company. You will always need your mortgage account number when you speak to your mortgage company about your foreclosure so make sure that is always handy.

Article Written by Jill Borash - Need more free foreclosure help to stop mortgage foreclosure on your home? Get free tips from someone who has actually been in the foreclosure process on their own home: http://www.Stopping-Home-Foreclosure.com

 

Loan Modification Program Offers Help to Homeowners

Seriously delinquent borrowers may be eligible for a loan modification program that offers to change their unaffordable home loan into one that features lower payments. The program, guaranteed by Fannie Mae and Freddie Mac, is targeted to delinquent homeowners to help them stay in their homes and avoid foreclosure. The program could also serve as a model for reworking hundreds of thousands of troubled loans owned by other financial companies.

The new loan modification program promises to quickly move homeowners into long term sustainable mortgages. Although this is a step in the right direction, it is still falls short of what is needed to achieve the wide scale modifications of troubled loans. Not all borrowers will qualify for this loan modification program. Here are the basic guidelines for the streamlined loan workout a borrower must meet:

  1. Only for principle residences-borrower must live in the home
  2. Must be 90 days delinquent on loan payments
  3. 38% debt ratio for new housing payment
  4. Loan must be owned by Fannie Mae or Freddie Mac

The new payment would be accomplished by one or several of the following options:

  • Extend loan term to 40 years
  • Reduce the interest rate-temporarily or permanently
  • Exclude part of the principal balance when figuring the monthly payment

The last option, known as principal forbearance, allows for a portion of the amount owed by the borrower to be set aside, with no payments due, until the house is sold or refinanced. A general guideline could be to lower the loan balance that the new payment is calculated on to represent 90% of the homes current appraised value.

The debt ratio requirement of 38% for the new payment offered with this loan modification program is the key factor in determining which borrowers will qualify for help. Homeowners must provide financial statements itemizing income and expenses as well as provide proof of their income for review. Once the lender receives and reviews the information provided by the borrower, a decision will be made to approve or deny the loan modification application.

The new loan modification program is set to begin December 15th and is designed primarily to speed up mortgage workouts. For homeowners who are already in foreclosure, more help would be available to find a quick resolution. Troubled homeowners who would like to find out more about their loan modification options can do their own research to gain a better understanding of the loan modification process. Since not everyone will qualify, it is worth the time and effort to find out how to complete the required application paperwork properly to increase the chance of approval. Knowing how to complete the paperwork properly, including presenting acceptable financial statements that meet the debt ratio requirement is very important to obtain an approval.
Thousands of homeowners have already gotten help with a loan modification program.

You can get the help you need to understand the mortgage loan modification program by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Article written by: Susan V. Gregory - 25 years of finance experience, retail and wholesale, residential, commercial, business, fleet automotive. Principle of Route 55 Consulting offering financial services, insurance services, loan modification assistance, credit counseling.

 

Thursday, June 28, 2007

Before you go any further...

My recommendation is to find a Realtor to help you through this process. The Realtor should be experienced in pre-foreclosure as well as knowing your rights as the homeowner. I am a Realtor and I am very experienced in the rights of homeowners. I have been trained by attorneys in Real Estate to best represent your interests in negotiation with the lender. I have also been on both sides of the fence so I believe I know what you are going through. There are other Realtors that provide excellent resources and service. Please check out whomever you use to be sure they will represent you the way you deserve to be represented.

Click my name below to look me up in the Colorado Real Estate Commission:

Brian L. Thomas

The articles below outline just some of the options and solutions surrounding foreclosure. You situation is probably unique to you. Get help; you don't have to do this alone.

Tuesday, June 26, 2007

Various Ways of Stopping Foreclosure

This article would let you choose and implement the method to get you out of the foreclosure problem by either stopping it and living in your house or by getting out of the foreclosure problem while still retaining your financial stability. A number of options are available to choose from in the pursuit to escape the hard times.

Start saving as soon as possible once the problem that caused the instability is solved. Bring your mortgage current as soon as possible by paying all fees due to missed payments, interests, and various fees like that of attorney. Failure to bring the motgage current soon would see the amount owed increasing once the lender hires a lawyer. The lawyer can discover thousands in extra payments to be made.

Restructure the payment plan with the lender such that you can pay a part of due payment now and the rest can be paid over a specified period of time while you still continue paying the monthly installment. The loss mitigation department of the lender reworks the plan generally and the borrower might have to pay anything up to double the original mortgage per month. Such payment would help catch up with the missed payments in the same months as those due until the mortgage is current.

The mortgage or loan can be modified in discussion with the lender such that the missed payments can be adjusted to be distributed over the remaining loan life or can be considered at the loan's back end. This is difficult, as most lenders cannot modify it as they do not own the loan but are just collecting the money and servicing loans.

Look for a source for refinancing foreclosure loans. But apply for the same only if you have high income and large equity as the interest rates for such loans can be over 10%. The new lender -traditional or hard money one would charge high monthly payments and might be difficult to meet but ensures the homeowner starts afresh.

Partial claim: Applicable for those homeowners who have FHA loan. They should contact FHA for a one-time loan to catch back up on mortgage payments. The loan lives as a lien and if the property is sold or refinanced, the amount needs to be paid back to the FHA.

Bankruptcy declaration can ensure stopping foreclosure but even being bankruptcy is an expensive practice due to the costs involved of attorney, trustee, court, etc. This is a viable option for those who want to retain their house desperately and can afford some disposable income for the bankruptcy procedure.

If you owe more than your property's worth. short sales are worth consideration. Short sale frees you from the loan though the bank gets less than what you owed to the bank. In this practice, they are compensating the balance due amount themselves and lets you free.

You can choose to improve your credit by selling the house yourself or by hiring a broker. Find a willing buyer, vacate the house, stop foreclosure and if all goes well, buy a new affordable house in a few years.

On failure to find a valid solution from among the previously listed methods, the bank can be offered a deed instead of the foreclosure. According to the deed, to avoid eviction process, the owner offers the property by himself to the bank. The bank will accept the deed in lieu of the loan and may not ask for more money from the debtor as they are accepting the deed according to their satisfaction.

Last resort, forget you ever had any property. Walk out of the house and be prepared to put up with the hardship instead of running around to lenders and banks for loans. But if you can, try any of the above mentioned methods, nothing is better than holding on to your property.

Gus Taperman holds a Bachelor's degree in Commerce and completed his master's in Business Administration . He is working as writer and financial consultant http://www.taperman.com/