Marcus Valdez's Blog

Marcus Valdez | Keller Williams | 970-231-0890

1400 Hiwan, Fort Collins, CO Resort Style Living, You can Stop Dreaming about living on a Golf Course with this Wonderful Home. 4 bedroom 3 bath. This wonderful Home Features. 4BR/2.5BA Single Family House offered at $625,000 Year Built Unspecified Sq Footage 4,557 Bedrooms 4 Bathrooms 2 full, 1 partial Floors Unspecified Parking 3 Car garage Lot Size Unspecified HOA/Maint $30 per month DESCRIPTION Resort Style Living, You can Stop Dreaming about living on a Golf Course with this Wonderful Home. 4 bedroom 3 bath. This wonderful Home Features, Double height ceilings, Open Kitchen, Loft, Main Floor Master Bedroom, Plus an Office, Day Light Basement. Enjoy Mountain Views from the back patio. Granite Countertops, Sprinkler, A/C Finished basement for room to grow. In ground Trampoline. 3 Car Garage. Got Real Estate? Call Marcus Valdez 970-231-0890 see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - High/Vaulted ceiling - Walk-in closet - Tile floor - Family room - Living room - Office/Den - Dining room - Breakfast nook - Dishwasher - Refrigerator - Stove/Oven - Microwave - Granite countertop - Basement - Laundry area - inside - Balcony, Deck, or Patio - Yard COMMUNITY FEATURES - Garage parking OTHER SPECIAL FEATURES - Golf Course ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 2 Photo 3 Contact info: Marcus Valdez Keller Williams 970-231-0890 For sale by agent/broker Equal Opportunity Housing

Posted: Oct 7, 2009, 11:22am PDT

 

September 1, 2009-(MCT)-Even the most responsible borrowers slip up sometimes. Maybe a utility bill went unpaid after you moved and the missed payment went into collections. Or, perhaps there are unpaid library fines or parking tickets in collections that are hanging onto your credit history and affecting your FICO credit score, which is widely used by lenders to evaluate your ability to repay a debt. With the newest version of the FICO credit-scoring system, however, minor delinquencies are now overlooked in calculating creditworthiness. Under the updated scoring model, called FICO 08, small, missed payments lingering in collections with original amounts of $100 or less will no longer do damage to your credit score. Consumers also are less likely to be penalized for any single delinquency if it occurred two or more years ago-and if their credit history is otherwise unblemished, says FICO, formerly Fair Isaac Corp., which developed the FICO scoring system.

"There's more flexibility with missing a payment," said Careen Foster, director of global scoring product management for FICO. "If you have a more habitual pattern of paying accounts late, you're more likely to get penalized for that." If a consumer's credit usage is high, that will be more likely to hurt his or her score with FICO 08. But getting close to your credit-card limits-even if you always pay on time-is penalized in some way in every FICO score, not only the recent edition, Foster said.

The new system has been available at all three credit bureaus-Experian, TransUnion and Equifax-since last month. The changes were made to provide lenders with a better risk assessment of borrowers, said John Ulzheimer, president of consumer education for Credit.com, a consumer education and advocacy site. FICO decided that one small library fine didn't really predict whether a consumer was likely to default, for example.

With the changes, individuals who pose a low credit risk will probably see their scores rise a bit, and those who are high risk could see their scores drop, he adds.

FICO 08 also addresses "piggybacking," a practice used by credit-repair companies to help people improve their scores, Ulzheimer said. In piggybacking, an individual pays to become an authorized user on a stranger's account. The account holder gets paid for allowing the person to be associated with the account, and the new authorized user is able to improve his or her credit score.

"It was a practice to misrepresent what your credit looks like to your bank," Foster said. FICO 08 aims to single out individuals who are named as authorized sources through deceptive means, Ulzheimer said. Those people won't see their credit scores rise as a result. But the scores of legitimate authorized users will be treated as they always have been.

Borrowers shouldn't expect their credit to be graded by this new scale on every loan they now apply for. Not all lenders have adopted the new model, though more than 400 lenders are using or testing FICO 08, the company said. In a statement, Equifax said, "Currently, many lenders and businesses are validating the new score within their systems, and adoption will vary by financial institution based on business requirements and market need."

Many credit-card companies, auto lenders, regional banks and credit unions may have already adopted FICO 08, Ulzheimer said. But for mortgages, lenders doing traditional conforming loans backed by Freddie Mac and Fannie Mae likely haven't made the move yet, he said. That's because they're waiting for Freddie and Fannie to approve its use. Freddie Mac and Fannie Mae "are essentially the lender, they're the ones that set the underwriting criteria," he said. Ulzheimer said he expects Freddie and Fannie to adopt FICO 08 by the end of the year. Fannie declined to comment on FICO 08; Freddie wasn't able to provide a comment prior to publication.

While FICO 08 will help consumers' credit scores in some cases, people still should take steps to improve their credit. Granted, it's impossible for consumers to calculate their FICO scores themselves, said Rodney Anderson, of Rodney Anderson Lending Services in Plano, Texas. "It's almost like the Coca-Cola formula. No one has access to the Coca-Cola formula, no one has access to the FICO formula," he said. But by being proactive, you can start to work toward a higher score, something that will serve you well every time you apply for a loan.

Some suggestions for improving your credit score:

Call your local Lender.  (www.realestatesuperheroes.com for info)

-Monitor your credit reports and correct errors. Look not only for negative events on your record, but also examine the credit limits to make sure they're accurate. If the credit limits appear lower on the report than they actually are, that has the potential to hurt your score.

-Pay bills on time and keep card balances low. Your payment history, and the amount you owe on your accounts as a ratio of the amount of credit you have access to, are important components of your score. FICO 08 is more sensitive to high credit usage, and consumers may see a lower score if their reported balance on one or more cards is near the account's limit.

-Take on new credit only when you need it. Some credit cards come with great offers, including a percentage off your bill if you sign up for one at the cash register. If you accept, make sure you're getting a big enough benefit to make it worthwhile-taking on additional credit could end up dinging your score

It has been an interesting real estate market as of late.  Although i have been investing and working in Real Estate for 12 years.  (my whole adult life if you call me an adult)  I have never been through a period of time like this.  Many times in the deals i have been working there have been reasons for the Buyers to feel stressed.  Rates are going up.  Prices are too high based on affordability. There have also been times for sellers to feel stress.  The builders are over supplying the market. Rates are going up making homes less affordable.  Whatever the reason was there was a lot of situations where one side had a pretty good reason to be stressed.  However i think this might be the first time i can say both sides have good reasons in most deals.  In our market of Fort Collins Colorado we have the tale of two markets.  if you are a first time home buyer looking for the 8k tax credit and want to buy under 220k be ready for a wild ride.  42% of those homes are currently under contract.  With the average amount of supply in the 3 month range and the days on market under 45 days.  What does this gobbledygook mean to you?  It means if you are this buyer expect to compete with a few offers and pay over full price.  (what if it doesn't appraise?)  However if your a buyer in the over 300 range be ready to feel the dream.  You can write and offer on a huge supply of wonderful homes where the sellers might offer to give you a back rub just for stopping by!  Real Estate is dynamic!  It is fun and a great way to make a living.  I feel very lucky to have great markets to work in and great issues to solve.  After all they aren't going to pay much for you to solve easy issues!  Don't forget your value!

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Petition Status 96% Current Goal: 12000 People by May 30th Support To-Date: 11521 People (April 25th) Stop the Mining: Newsflash Click here to access the current edition of our newsletter.   Latest News Uranium Mining Battle Escalates Mining Rules Get Overhaul Uranium Mining Firms Fail to Meet Many Standards of Restoring Groundwater Action Alert: 1872 Mining Act May Finally See Reform Foreign Ownership Issues Could Be Toxic to Uranium Companies' Mining Plans Subscribe to Newsfeed FAQ 2 - What aquifer would be threatened by Powertech's proposed Centennial Project? Powertech's proposed Centennial Project would take place within the the Laramie-Fox Hills aquifer. This aquifer covers most of the Denver Basin area, approximately 7,000 square miles along the Front Range from Wyoming to Colorado Springs and east to Limon. Commercial, municipal, agricultural and residential wells use the Laramie Fox Hills aquifer extensively. In February of 2001 there were 33,700 recorded wells. With the population and commercial growth in northern Colorado since 2001, it can be safe to assume the number of wells using this aquifer has increased significantly. There is concern the Dakota-Cheyenne aquifer may also be affected. The Dakota-Cheyenne aquifer is Colorado's largest water yielding aquifer east of the Rockies and spreads beneath the most populated areas of Boulder, Larimer, Weld, Morgan and Logan counties. The Dakota-Cheyenne aquifer is much older (deeper) than the Laramie-Fox Hills aquifer and is in a geological layer known to have uranium deposits. Powertech’s proposed mining would take place above of the Dakota-Cheyenne aquifer.

Home Uranium Mining Battle Escalates   As the state begins the legislature-mandated rulemaking process tomorrow (May 27th), Fort Collins Clean Water Action members deliver 1,500 letters to Governor Ritter urging him to enact the strictest regulations against uranium mining in northern Colorado. The press release follows. Read more...   Powertech Resumes Drilling   Click here to read the article on www.powertechexposed.com. Click here to read Rep. Randy Fischer's response to questions concerning this drilling activity.   Uranium Mining Firms Fail to Meet Many Standards of Restoring Groundwater   Weld County residents opposed to the proposed uranium mine near Nunn are still not convinced their groundwater will be protected from contamination. Last year, Gov. Ritter signed legislation to protect groundwater from contamination as a result of leach uranium mining. House Bill 1161 requires that companies using leach uranium mines restore all affected groundwater to the condition it was in before mining. A new study, however, shows that these types of regulations may not prevent all groundwater contamination. Weld residents now are using this information as their primary argument against the uranium mine. Read the Greeley Tribune Article... and Read the Report on Findings Related to the Restoration of Groundwater at In-Situ Uranium Mines in South Texas...   Foreign Ownership Issues Could Be Toxic to Uranium Companies' Mining Plans   The Atomic Licensing Board Judges Panel hearing that was scheduled for March 24, 2009 in Rapid City, SD was canceled due to a blizzard. The meeting should be rescheduled in the next three weeks; a posting will appear on the NRC website at www.nrc.gov/public-involve/public-meetings/index.cfm. The Foreign Ownership issue is raised by petitioners challenging the Cameco, Inc. license renewal and expansion for the Crow Butte Uranium Mine and its North Trend expansion plan near Crawford, Nebraska. Powertech, Inc. plans to send representatives to the hearing since they are also a foreign owned corporation based in Canada who has applied to the US Nuclear Regulatory Commission for an ISL mining license in the Edgemont area. The EPA is sending officials to the hearing as well. Read More...   More... Action Alert: 1872 Mining Act May Finally See Reform Powertech Files Request to Dig Large Water Pit Action Alert: Uranium Mining in Northern Colorado is Still a Real Possibility

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Powertech Uranium Corporation has obtained the mineral rights and mining leases to 6,880 acres in northern Colorado's Weld County where they intend to use both open-pit and in-situ leaching (ISL) to mine uranium.  This Weld County site has been named the Centennial Project.

Map Showing the Location of Proposed Uranium Mining in Northern Colorado

Wonderful 4 bedroom 2.5 bath home in Central Fort Collins!  For 24 hour info call 1-800-873-9070 ex 3010. 



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Great news in Loveland Colorado Real Estate.  Homes Under 300k are moving very fast and the inventory in those price ranges are getting lower.  This trend if it continues will help values.

Below are the stats in the 200-250k price bands.  This price brand represents the median price of homes in Loveland.

For more infomation about homes in Northern Coloardo Please conact me at 970-231-0890 or by email at valdez@kw.com

Search homes at www.realestatesuperheroes.com