Louis H. Moore II with RE/MAX Alliance:

Louis H. Moore II CRS, ABR, SFR, CMAS, Remax Certified Relocation Specialist
Certified Distressed Property Expert Designation (CDPE)
Full Personal Service at a Fair Price Through Low Overhead & Hard Work

Office:	800-568-6120 ext. 6347
Cell:	303-591-2075
Fax:	513-842-3742
Personal Toll Free:	800-5686120
Voice Mail:	303-591-2075
Email:	Contact

	Follow me on Facebook

	Follow me on LinkedIn

Forecast Radar Photos

Cameras News Travel

Pix Album Link

Real-Time RE/MAX Web Site Activity

&nbsp <a title="" target="_blank" href="http://picasaweb.google.com/LHM2REMAX">Click Here for my web album</a> <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office"> <o:p></o:p> <o:p></o:p>&nbsp <o:p>Designations:&nbsp</o:p> <o:p>&nbsp</o:p> <ul style="margin-top: 0in" type="disc"> <li class="MsoNormal" style="margin: 0in 0in 0pt; tab-stops: list .5in">Accredited Buyer Representative <o:p></o:p></li> <li class="MsoNormal" style="margin: 0in 0in 0pt; tab-stops: list .5in">Certified Residential Specialist <o:p></o:p></li> <li class="MsoNormal" style="margin: 0in 0in 0pt; tab-stops: list .5in">RE/MAX Relocation Specialist <o:p></o:p></li> <li class="MsoNormal" style="margin: 0in 0in 0pt; tab-stops: list .5in">Certified Distressed Property Expert </li></ul> <a title="" target="_blank" href="http://www.hud.gov/foreclosure/index.cfm">Click here for the HUD &quotHow to Avoid Foreclosure&quot site</a> &nbsp FORECLOSURE&nbsp Vs&nbsp SHORT SALE <o:p></o:p> A Side-by-Side Comparison <o:p></o:p> <o:p>&nbsp</o:p> FORECLOSURE and SECURITY CLEARANCES: Foreclosure is the most challenging issue against a security clearance outside of a conviction of a serious misdemeanor or felony. If you have a foreclosure and are a police officer, in the military, in the CIA, Security, or any other position that requires a security clearance in almost all cases clearance will be revoked and position will be terminated. SHORT SALE and SECURITY CLEARANCES: A short sale on its own does not challenge most security clearances. <o:p>&nbsp</o:p> FORECLOSURE and CURRENT EMPLOYMENT: Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is grounds for immediate reassignment or termination. SHORT SALE and CURRENT EMPLOYMENT: A short sale is not reported on a credit report and therefore not a challenge to employment. <o:p>&nbsp</o:p> FORECLOSURE and FUTURE EMPLOYMENT: Many employers are requiring credit checks on all job applications. A foreclosure is one of the most detrimental credit items an applicant can have and in most cases will challenge employment. SHORT SALE and FUTURE EMPLOYMENT: A short sale is not reported on a credit report and is therefore not a challenge to employment. <o:p>&nbsp</o:p> FORECLOSURE and DEFICIENCY JUDGEMENT: In 100% of foreclosures (except in those states where there is no deficiency) the bank has the right to pursue a deficiency judgment. SHORT SALE and DEFICIENCY JUDGEMENT: In some successful short sales it is possible to convince the lender to give up the right to pursue a deficiency judgment against the homeowner. <o:p>&nbsp</o:p> FORECLOSURE and DEFICIENCY JUDGEMENT (amount): In a foreclosure the home will have to go through an REO process if it does not sell at auction. In most cases this will result in a lower sales price and longer time to sale in a declining market. This will result in a higher possible deficiency judgment. SHORT SALE and DEFICIENCY JUDGEMENT (amount): ): In a properly managed short sale the home is sold at a price that should be close to market value and in almost all cases will be better than an REO sale resulting in a lower deficiency. <o:p>&nbsp</o:p> FORECLOSURE and FUTURE FANNIE MAE LOAN (primary residence): A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years. SHORT SALE and FUTURE FANNIE MAE LOAN (primary residence): A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years. <o:p>&nbsp</o:p> FORECLOSURE and FUTURE FANNIE MAE LOAN (non-primary residence): An investor that allows a property to go to foreclosure is ineligible for a Fannie Mae backed investment mortgage for a period of 7 years. SHORT SALE and FUTURE FANNIE MAE LOAN (non-primary residence): ): An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years. <o:p>&nbsp</o:p> FORECLOSURE and FUTURE LOAN WITH ANY MORTGAGE COMPANY: On any future 1003 loan application, a prospective borrower must answer &#8220yes&#8221 to question C in Section VIII of the standard loan application that asks &#8220Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?&#8221 this will effect future rates. SHORT SALE and FUTURE LOAN WITH ANY MORTGAGE COMPANY: There is no similar declaration or question regarding a short sale. <o:p>&nbsp</o:p> FORECLOSURE and CREDIT SCORE: Score may be lowered from 250 to over 300 points. Typically the foreclosure will affect the score for over 3 years. SHORT SALE and CREDIT SCORE: Only late charges on the mortgage will show up and after the sale the mortgage will be reported as paid or paid as negotiated. This will lower the credit score by as little as 50 points if all other payments are being made. A short sale&#8217s affect can be as brief as 12 to 18 months. <o:p>&nbsp</o:p> FORECLOSURE and CREDIT HISTORY: Foreclosure will remain as a public record on a person&#8217s credit history for 10 years or more. SHORT SALE and CREDIT HISTORY: A short sale is not reported on the credit history. There is no specific reporting item for &#8220short sale&#8221. The loan is typically reported as &#8220paid in full or as settled&#8221 <o:p>&nbsp</o:p> Alternatives to foreclosure include Loan Modifications, Short-Sale &amp Forbearance. <o:p></o:p> <o:p>&nbsp</o:p> 1. Loan Modifications: This involves changing the terms of the original mortgage to better match the &nbsp <o:p></o:p> &nbsp&nbsp&nbsp homeowner&#8217s current financial situation. <o:p></o:p> <o:p>&nbsp</o:p> a. &nbspRate Reduction: Temporarily or permanently reduces the interest rate associated with the loan, &nbsp&nbsp&nbsp&nbsp thus lowering the Homeowner's monthly payment. <o:p></o:p> b. Capitalization: Where the delinquent payments are added into the remaining balance and the &nbsp&nbsp&nbsp&nbsp payment due date is updated. The loan is &quotrecast.&quot c. Term Extension: Involves extending the term of the mortgage, thus lowering the Homeowner's &nbsp&nbsp&nbsp payment. For example, a 15-year mortgage is extended to 30 years. d. One-time assumption: Permits the loan to be assumed by a new Homeowner in order to hasten &nbsp&nbsp&nbsp the sale of the property. <o:p>&nbsp</o:p> 2. Short-Sale: Before the sale of the property, the lender agrees that the amount received from the sale will &nbsp &nbsp&nbsp&nbsp satisfy the debt even when that amount is less than what the Homeowner owes on the loan. <o:p>&nbsp</o:p> 3. Forbearance: Refraining from legal action and allowing the homeowner to make satisfactory &nbsp&nbsp&nbsp arrangements with the lender to eliminate the arrearages. <o:p>&nbsp</o:p> Do you have a Short Sale hardship listed below?&nbsp <o:p></o:p> <o:p>&nbsp</o:p> Payment Increase or Mortgage Adjustment &nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp Loss of Job/Reduced Income <o:p></o:p> Business Failure &nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp Death of Spouse/Family members <o:p></o:p> Severe Illness &nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp Divorce/Separation <o:p></o:p> Relocation &nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp Military Service <o:p></o:p> Too much debt <o:p></o:p> <o:p>&nbsp</o:p> &nbsp Louis H. Moore II <o:p></o:p> RE/MAX <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags"> <st1:city w:st="on"> <st1:place w:st="on">Alliance</st1:place></st1:city> Evergreen &nbsp&nbsp&nbsp&nbsp&nbsp 30480 Stagecoach Blvd. Evergreen, Co. 80439 <o:p></o:p> 303-591-2075&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp <a href="http://www.explore-evergreen.com/">www.Explore-Evergreen.com</a>&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp <a href="mailto:LouisMoore@remax.net">LouisMoore@remax.net</a> <o:p></o:p> Equal Housing <st1:place w:st="on">Opportunity</st1:place> <o:p></o:p> &nbsp <?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml"> <v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"></v:stroke> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"></v:f> <v:f eqn="sum @0 1 0"></v:f> <v:f eqn="sum 0 0 @1"></v:f> <v:f eqn="prod @2 1 2"></v:f> <v:f eqn="prod @3 21600 pixelWidth"></v:f> <v:f eqn="prod @3 21600 pixelHeight"></v:f> <v:f eqn="sum @0 0 1"></v:f> <v:f eqn="prod @6 1 2"></v:f> <v:f eqn="prod @7 21600 pixelWidth"></v:f> <v:f eqn="sum @8 21600 0"></v:f> <v:f eqn="prod @7 21600 pixelHeight"></v:f> <v:f eqn="sum @10 21600 0"></v:f></v:formulas> <v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"></v:path> <o:lock v:ext="edit" aspectratio="t"></o:lock></v:shapetype> <v:shape id="_x0000_i1025" style="width: 477pt; height: 80.25pt" type="#_x0000_t75"> <v:imagedata src="file:///C:\DOCUME~1\LOUISM~1\LOCALS~1\Temp\12\msohtml1\01\clip_image001.jpg" o:title="CDPELogo_color_hori_300dpi"></v:imagedata></v:shape> Please disregard if your property is listed with a real estate broker. This is NOT a solicitation. <o:p></o:p> &nbsp </body> </html>

Resort & Second Homes
Mountain Property
Aggressive Home Marketing
Accredited Buyer's Representative
Certified Residential Specialist
RE/MAX Certified Relocation Specialist

Read More...

My Links

Not only do I have local information on my site, but I have also put together the following links that you may find useful. Please note that all links will open in a new window.

Property Search

This advanced web site lets you search thousands of local listings along with another 120,000 national listings. Once you find your dream property just click on "Contact Me" and I’ll be more than happy to show you your next property purchase!

Search Now

My Home Finder
My Home Finder makes it much easier for you to sign up and find your next property exclusively through this web site! Click Here to Begin

Browse homes and real estate for sale

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/13/2010. The listing information on this page last changed on 03/13/2010. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Metrolist (last updated Sat 03/13/2010 2:02:56 PM EST) or IRES MLS (last updated Sat 03/13/2010 9:16:31 AM EST). Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than RE/MAX Alliance may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
Privacy Policy

Agents Only Login