Jim Renshaw

Land Title Guarantee Company

Free Foreclosure Search in Douglas County

Jul 27

Posted by Jim Renshaw in Foreclosure | No Comments

Douglas County has enhanced their website to provide free basic foreclosure information. You can now search the Douglas County web site by PT number, Owner Name or Street to find basic foreclosure information on a property. Douglas County has an extremely useful web site for real estate. Here is a link to the Douglas County free foreclosure web site.

Douglas County also offers a subscription based foreclosure database that has additional features.

Free Douglas County Foreclosure Search

Free Douglas County Foreclosure Search

Free Douglas County Foreclosure Search

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HUD proposing tighter FHA loan standards

Jul 16

Posted by Jim Renshaw in FHA Loans | No Comments

HUD Seeking Public Comment on Tougher Standards for FHA Borrowers

For the next 30 days HUD is looking for public comment on three policy changes, each of which make it more difficult for borrowers to qualify for FHA loans.  These changes are designed to reduce the risk and increase FHA’s capital reserve.

  1. Update the combination of credit and down payment requirements for new borrowers. New borrowers seeking FHA loans will be required to have a minimum FICO score of 580 to qualify for FHA’s leading 3.5% down payment program.  Borrowers with credit scores of less than 580 will be required have a cash investment of 10%.  Borrowers with credit scores of less than 500 will no longer qualify for an FHA insured mortgage.
  2. Reduce seller concessions from 6% to 3%.
  3. Tighten underwriting standards for manually underwritten loans.

To read the complete notice click here

You can make your voice heard by submitting a comment to HUD by clicking here


Are you in favor of tightening FHA loan standards?

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June 2010 – Real Estate Update

Jul 9

Posted by Jim Renshaw in Real Estate Stats | No Comments

Residential Highlights

  • 7% increase in closed sales year to date
  • 19.8% decrease in days on market (81 days)
  • 5.1% increase in absorption rate (5.1 months)
  • 5.7% increase in average sold price ($299,375)

Condo/Townhome Highlights

  • 14.1% increase in closed sales year over year
  • 10.3% decrease in average days on market (87 days)
  • 5.5% increase in absorption rate (6.2 months)

To review detailed real estate reports on a specific area please see document below.

June 2010 – Greater Denver Real Estate Market Update

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Referral Marketing – July 2010

Jul 2

Posted by Jim Renshaw in Referral Marketing | No Comments

I’ve have created 3 new referral marketing mailers for you.  Please call or email if you need any assistance.

Here are a few benefits to referral marketing:

  • Referral marketing is the most cost-effective way of attracting new clients
  • Prospects that come from referrals make great clients
  • Consider each current and future client as strong referral sources, rather than just short-term sales transactions

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Title Insurance Company in Castle Rock, Colorado

Jun 30

Posted by Jim Renshaw in Castle Rock | No Comments

Land Title Guarantee Company

512 Wilcox Street
Castle Rock, CO 80104

303-688-6363

Title Insurance Company Castle Rock Colorado Map

Title insurance company in Castle Rock, Colorado.

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1st Annual 2010 Real Estate Industry Day

Jun 15

Posted by Jim Renshaw in Realtor Classes | No Comments

Sign up right now for this event – Go to www.smdra.com under education/calendar to register

Tuesday, June 29, 2010

9:00am to 4:30pm at SMDRA

7899 S. Lincoln Court, Littleton, CO 80122

(NE Corner of Broadway and Mineral)

$49 SMDRA Members / $59 All Others

Box Lunch Included / 6 hrs CE


This event will provide you with the latest up-todate news and changes regarding REOs, Short Sales, Loss Mitigation and Foreclosure Prevention provided by many government agencies…your trusted resources!

Go to www.smdra.com under education/calendar to register.

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Under Contracts down 27% in May 2010

Jun 8

Posted by Jim Renshaw in Colorado Real Estate | No Comments

May 2010 posted very strong sold results with the overall market up 20% in closed residential sales and 23% increase in condo/townhome sales compared to May 20o9.  The expiration of the home buyer tax credit program spurred good sale results but also left us with a little bit of a hangover for new homes going under contract.

May 2010 residential under contracts decreased by 27% compared to this time last year.  My best guess is that we will see a decrease in closed residential sales for the next 30-60 days.

May 2010 Under Contract Metrolist Sales

Based on Information from Metrolist, Inc. for the period Jan 2008 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

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Land Title Announces Pricing on Reports

May 17

Posted by Jim Renshaw in Land Title Guarantee Company | No Comments

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Under Contract Surge in April – Up 27%

May 5

Posted by Jim Renshaw in Real Estate Stats | 1 Comment

The greater Denver residential home market experienced a surge of properties going under contract during the month of April 2010.   5,005 single family homes when under contract in April compared to 3,090 a year ago.  The 27% year over year increase is due in large part to the expiration of the home buyer tax credit which ended on April 30th.

Colorado Homes Under Contract April 2010

Based on Information from Metrolist, Inc. for the period Jan 2002 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy.  Data maintained by metrolist, Inc. may not reflect all real estate activity in the market.

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Give your clients a duck at closing

May 3

Posted by Jim Renshaw in Castle Rock | 1 Comment

Land Title is supporting Ducky Derby in Castle Rock by donating a rubber duck to buyers and sellers that close with Land Title in Castle Rock during the month of May.  The Ducky Derby is the largest annual fundraiser sponsored by the local Rotary Clubs (morning club and Noon club) in Castle Rock.

Ducky Derby Castle Rock Colorado

At the first Ducky Derby, only 500 rubber ducks floated down East Plum Creek to a finish line, where the winners were awarded a few prizes. Each year since that modest beginning, the Ducky Derby has grown to the point that it now is a recognized and highly anticipated annual event for Castle Rock and surrounding community event. Last year’s event was attended by 3,000 to 4,000 people from all over the area including visitors from out of state. Nearly 8,000 ducks participated in the event with over 250 prizes awarded to lucky winners. ….and most importantly, over $30,000 net proceeds were raised and awarded to local, regional and international beneficiaries and humanitarian causes.

To find out more click here http://www.crduckyderby.com/

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