CAHREP Newsletter November 2009
Mission Statement:  To increase the sustainable Hispanic homeownership rate by empowering the real estate professionals that serve Hispanic consumers

 Breakfast Sponsor
In This Issue
From the President
November Breakfast
CAHREP Updates
Class Announcements
FTHB Credit
HGTV's "My First Sale"
Message From the President
Getting Back From Vegas hasn't been easy...
I had the pleasure of attending the national conference of the NATIONAL ASSOCIATION OF HISPANIC REAL ESTATE PROFESSIONALS, just a few days ago.
I stepped into the Las Vegas airport upon my return and the weather was 80 degrees outside; stepped out of DIA to blizzard like conditions, but I love being home.
However, even with the drastic forecast change I came back with sunglasses, cause the future looks bright.  After sitting in on some classes, and hearing an economic forecast by chief economists, these are some of the things that I walked away with that I wanted to make sure and share with our membership here. For the love of the membership here, that saying what happens in Vegas stays in Vegas got thrown out the window.
Did you know.....
That our current tax incentive for 1st time homebuyers is costing $1 Billion dollars a month to fund?
Hispanic's denial rate on homeownership financing is 50%?  So 1 out of 2 people that apply get turned down due to the current financing guidelines in our industry.
$62K is how much money gets pumped into our economy during and after a home purchase, from movers, to furniture, and actually only about 10% is specifically paid out to our industry.
From 2000-2005 FHA made up only 3% of the market for financing.
September of 2009 40% of the financing was FHA and 42% was Fannie Mae.
Another, statistic that I found astounding given the difficulty that I have experienced lately in finding my 1st time buyer's a home, was that a whopping 67% of homes are being sold to owner occupants.
I know that we've always heard that there is power in numbers, but this conference was especially true; we had 1300 attendees sign up online, and an additional 400 at the door.
So while we know that both the U.S. and world economy are in a recession; we are definitely in a recovery stage!
Make sure to check out our job board through
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Board of Directors 
Vanessa Guzman, President
Rogelio Rodriguez, VP
Stuart Kanchuger, Secretary
Laura Morales, Treasurer
Gene Lucero, Director
Marta Loachamin, Director 
Ray Rosado, Director
Roberto Lopezino, Director
John Lucero, Director
We will have our Holiday Party on Dec. 10th at
Museo de las Americas
Denver Athletic Club
1325 Glenarm Pl.
Denver, Co 80203
November 6 Breakfast
8:30 - 11:00am
Bring your listings, buyer needs!
 Remember Members Free, Guests $20
Sponsored by 1st Bank 

Don't Miss the IPod Shuffle Giveaway!!
  Featured Speaker 
Darice Johnston
Business Development Strategist
Stewart Title of Colorado different would your real estate business look if you could:

  • jump start your personal productivity?
  • realign your activity level with your desired results?
  • elevate your efficiency & effectiveness?
The TRUTH is that you CAN consistently enjoy these victories, and more! The answer lies in habitual ways of working, mastery of time and systems of efficiency.
On November 6th Darice Johnston, Efficiency Expert to Real Estate Professionals, will be giving us a sneak peak into her 8-Week Coaching Series, Efficiency by Design. This program provides a REALTOR with an in-depth look at the thirteen key segments of their real estate business.  It then delivers customizable solutions to help you master your time, increase your efficiencies, and sell more real estate.
 During her time with us, Darice will walk us through an evaluation to clearly uncover strengths and weaknesses within five key segments of our business. We will then be given unique ideas, tools and techniques to "get energetically unstuck", incorporate simple efficiencies into our day-to-day processes....and enjoy new heights of sales success!
Darice has successfully assisted her clients in being more efficient and selling more real estate.  Attend our November meeting...and take away "a jewel or two" from her program that can help you take YOUR business to the next level!
For  testimonials and additional information visit:
CAHREP Updates
Education Committe: We are currently looking for membership to get involved in planning of 2010 general membership meeting topics, speakers and presenters. Contact Stuart Kachunger
Holiday Party: Our holiday party in 2008 was a blast. We are putting final touches to announce our 2009 Holiday Party in December and are looking for volunteers to help decorate and get the word out. Contact
First Time Homebuyer Classes
HUD approved non-profit housing agencies provide classes that cover the entire homebuying process from understanding credit to preventing foreclosure. Completion of the class satisfies the requirements for CHFA, HOAP and for other First Time Homebuyer loan programs including down payment and some first mortgage loans. All classes are free, food is provided and attendees receive a certificate upon completion.
Click the housing agency's name below for schedules.
Brothers Redevelopment
Schedule Clients at 303-685-4205 for Classes in English,
303-685-4238 For Classes in Spanish
Contact Terry Trujillo at (303) 572-9445 ext. 10
CAHREP Partners with Viva: Advertise your Listings for FREE!
In an effort to add unique benefits to your membership, CAHREP has entered into a strategic partnership with Viva Colorado, Colorado's largest Hispanic publication.  This partnership will allow members a substantially discounted rate to advertise their listings in Viva's new real estate section, Viva Tu Hogar.  For a limited time you may advertise your listings for FREE in upcoming issues of Viva Tu Hogar.   We also seek members who may wish to write short articles to be published in upcoming issues of Viva Tu Hogar.  Articles may be written in English or Spanish, be between 300-400 words, and cover any topic related to real estate.
Please contact Ray Rosado at 303.312.4217 for more information or email your listing information with picture to   
About Viva Colorado
Viva Colorado is not only Colorado's largest Hispanic publication, with 60,000 copies distributed every week, but it is also Colorado's most widely circulated Hispanic publication.  Readers can find their copies in almost 40 Colorado communities, including: Arvada, Aspen Park, Aurora, Bergen Park, boulder, Brighton, Broomfield, Castle Rock, Centennial, Colorado Springs, Commerce City, Conifer, Denver, Englewood, Erie, Evans, Evergreen, Federal Heights, Fountain, Golden, Greeley, Greenwood Village, Henderson, Lafayette, Lakewood, Littleton, Lone Tree, Longmont, Louisville, Morrison, Niwot, Northglenn, Parker, Thornton, Wellington, Westminster, Wheat Ridge, Widefield and Windsor. Total weekly distribution in Metro Denver is 42,000-plus, boulder 3,650, Colorado Springs 6,150, Greeley 4,000 and Longmont 2,450. 
First-Time Home Buyer Credit Ends... But will it be Extended?  
The credit as it stands ends November 30th which means your loans have to be in for a clean closing. Get your buyers Form 5405. Click here to get the information straight from the IRS.
The latest.. 
Lawmakers close in on extending housing support
WASHINGTON (Reuters)-U.S. lawmakers on Thursday approved a measure to extend a government prop to the mortgage market, hoping to keep borrowing costs low and foster economic recovery. The U.S. House of Representatives and the Senate each voted to keep the loan limit for U.S.-backed mortgages of single- family homes at $729,750 until 2011, effectively holding interest rates down for a large swath of U.S. home buyers. The limit was scheduled to shrink to $625,500 at the start of 2010.
(full story)
HGTV is looking for First-time Sellers to be on "My First Sale!"
From the producers of HGTV¹s most popular series, "My First Place" comes the next chapter in the real estate side, the sale of the home: 
MY FIRST SALE, a brand new HGTV show, is looking for first-time home sellers (and their agents!) in the Denver Metro area. We are looking for fun, high-energy people who are just starting the process of selling their first place!  We'll be there to capture all the trials and tribulations, stress and success of prepping for sale, pricing, negotiating, and ultimately selling a home for the first time.
Taping will begin in Fall 2009 and will continue through Spring 2010.  Ideal candidates will be motivated, financially candid people who want to share the experience and the purchase details with HGTV and their audience.  Singles, couples and families are all invited to apply!
if selected to appear on an episode of My First Sale, home sellers will receive a DVD copy of the episode to enjoy for years to come.  Real estate agents will also receive a DVD of the episode.  If this sounds like fun, first-time sellers should apply now for immediate consideration!  
Request an application by emailing:
Or call Casting Producer Jon Kawano at (303) 712-3222
Applicants may also APPLY ONLINE at by clicking on "CASTING" and then "My First Sale"
Former OPHEO Regulator to Advise NAHREP on Policy

Armando Falcon, the former director of the Office of Federal Housing Enterprise Oversight (OFHEO) and chief regulator over Fannie Mae and Freddie Mac, will serve as a consultant and policy advisor to the National Association of Hispanic Real Estate Professionals on legislative affairs. Falcon was appointed to his post at OFHEO by former President Clinton and had a highly visible role in regulation of the secondary mortgage market, housing finance and the GSEs. During his term, he oversaw the introduction of higher standards for risk management, accounting and corporate governance at both secondary mortgage market institutions.
"We are extremely fortunate to have the counsel of a housing leader of Armando Falcon's stature at such a critical time for the real estate industry," said NAHREP Chair Tino Diaz. "We are in synch philosophically on matters relative to the Hispanic real estate market and look forward to increasing the profile of our policy agenda with Mr. Falcon's guidance."

Regional Coordinator Team Announced 
  NAHREP Vice Chair Alex Chaparro recently announced the creation of a new team of regional coordinators that will help increase the sharing of information between chapters and NAHREP leadership. The coordinators will work as a subcommittee of the President's Council and will serve as brand ambassadors at large. They will be central to stimulating communication throughout the member network. The regional coordinators are:Carmen Mercado (East Coast Chapters); Alex Chaparro (Midwest Chapters) RC Committee Chair; Carlos ThurdeKoos (Southern State Chapters); Alex Garza (Mountain State Chapters); Jimmy Gutierrez (Texas Chapters) and Vanessa Montanez (California Chapter).
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