Montbello, CO Real Estate News

By Alan Strange, Metro Denver Real Estate Professional
(Keller Williams - The Strange Team )
Regular sale = No waiting! Great for first time home buyers or investors. Great value in a nice community. Close to every convenience imaginable as well as easy access to the highways and the airport without the congestion or airport noise. Don't wait for a short sale approval - come take a look. CEILING FAN, DISPOSAL, DISHWASHER, FORMAL DINING, FENCE(D), GARDEN AREA, GARAGE DOOR OPENER, LANDSCAPE PROFESSIONAL, PATIO, QUICK POSSESSION, REFRIGERATOR, WINDOW COVERINGS, WALL TO WALL CARPETING
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By Robert Kearney
(Abbey Mortgage & Investments, Inc.)
Chapter 4: Upside Down Housing Pie   Upside down housing pie is about as tasty as eating humble pie, yuk! If you owe more than your house is worth on the Denver market today, you are eating “Upside Down Housing Pie” every month when you make your mortgage payment – making a payment on a loan that is larger than value of your home. Two key factors are at work here: if you have a job and your personal finances are OK, you are likely to keep making the payments simply because you need a place to live for you and your family. However, if you lose your job, you can’t feed your family by throwing money at a huge mortgage. You may not walk away, but you may stop paying. Consider, too, how upside down are you in your mortgage?   Folks who owe far more than their home can conceivably sell for ar...
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