FHA easing rules for some credit-impaired applicants

Borrowers with “extenuating circumstances” may qualify sooner to buy another home after a foreclosure, short sale,   bankruptcy, or deed in lieu of foreclosure. FHA is taking a slightly different approach to “extenuating circumstances” that may have triggered steep drops in an applicants’ credit scores. FHA historically has been more willing to consider the contributing factors […]

Finance Changes Coming in 2014

From everything I am reading, it seems that if anyone is “on the fence” about buying a home; it MIGHT be better to do it sooner  rather than later. (if it involves the buyer obtaining a new loan) More specifically, prior to January 10th, 2014. Here are a few potential reasons: The Consumer Financial Protection Bureau […]

Just out today….


Can I Buy A Home Again After Foreclosure?

Since 2007, when homes began to depreciate, and  with the ensuing mortgage problems,  a lot of homeowners went through a foreclosure, short-sale or bankruptcy.  The question for those people that went through one of those events, is “When can I buy a home again?” The answer is always “it depends on how have you managed […]

And Yet ANOTHER Positive Article About Real Estate…

Excerpts from “Fannie Mae: Housing market “has turned the corner”: Despite lower expectations for the economy’s progress as a whole this quarter, home sale and price trends suggest housing finally represents “a tailwind to growth,” according to a monthly economic outlook released today by Fannie Mae’s Economic & Strategic Research Group. “The housing market has turned the corner and […]

Looks like 2013 might be a good year to own real estate!

Excerpts from the following article: Home-price forecasts for 2013 are on the rise. J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. J.P. Morgan analysts boosted their base-case estimate from 1.5% after a convincing rise in […]

FHA Loans Are Going To Get Expensive

Although no specific date has been set for a change coming from FHA, it is certain that sometime in 2013, all new FHA loans will require mortgage insurance for the life of the loan. Currently, FHA loans allow borrowers to cancel the annual mortgage insurance premium (MIP) when their unpaid balance reaches 78% of the […]

Colorado Springs Best Mobile Real Estate Search App

Our website, www.bluepicketrealestate.com, is one of the most comprehensive and easiest to use mobile web app searches for your smartphones & tablets, when looking for Colorado Springs homes for sale. Here are a few screenshots to show you just how easy it really is: When you type in www.bluepicketrealestate.com in your web browser on your mobile device […]

Moving to Colorado Springs

Here is a Colorado Springs pictures compilation of why people love moving to Colorado Springs. I took many of these pictures myself. -Kevin [slickr-flickr tag=”whycolorado”]