CAHREP NewsletterJuly 2010
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Mission Statement:  To increase the sustainable Hispanic homeownership rate by empowering the real estate professionals that serve Hispanic consumers


WFHM Thriving

In This Issue
Breakfast Info
Articles and News
4th Annual State Conference
September 23, 2010
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Articles & News

New Zone Code Approved
(North Denver Tribune 6/30/10- Ed Mickens)
WFHM ThrivingThrow away what you know about R1 and R2. The new acronyms SU, TU, MX, RX, RH, CC and MS will now give name to the structures and uses possible in our neighborhood. Throw in some numbers indicating whether or not you can construct an accessory dwelling unit, and now you will know what you and your neighbors can legally build. On June 21, the Denver City Council officially enacted the first complete overhaul of the city's zoning laws since 1956, capping an intense five-year process of outreach, discussion, controversy and negotiation that asked the live-wire question "What do you want your city to be?"-then bravely sought to provide the tools. Click for Full Article
Got Mold?
(Submitted by Jody of 24/7 Floor Response)
Mold is truly everywhere. WE NEED MOLD!! There are good molds and bad molds. We love the molds that help create things like wine, aged steaks, blue cheese and things of that nature. We need mold to break down the garbage in the land fills. But, we DON'T WANT MOLD IN OUR HOMES! Mold can cause some people to feel sick...asthma, congestion, irritated eyes, flu-like symptoms can all be caused by mold in some people.
  Mold is caused by an unhandled water or moisture issue. We are experts in Mold. We will provide a free inspection and estimate, for any VISIBLE mold. We can also test for mold in any structure and provide an excellent and detailed report, from one of the best labs ion the country. We are always here to help. Please see our web site for more information.

HomeTelos Wins Contract to Market HUD REOs in 25 States
Dallas-based HomeTelos was chosen by HUD as an approved GSA contractor to market and sell its properties in five geographic regions. The states include Alabama, Arkansas, Colorado, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, the Virgin Islands, Utah, Virginia and West Virginia.
HomeTelos plans to conduct an open solicitation to brokers and is looking for successful brokers with a successful track record for marketing and selling REO assets in their local markets. Small and diverse-owned firms are especially welcomed. For more information go to:

Myths Hamper the Housing Recovery
Alejandro Becerra Former housing fellow and author Alejandro Becerra addresses persistent myths about the housing crisis that he feels stand in the way of recovery in a new guest blog post at: Becerra, who wrote the book Hispanic Homeownership: The Key to America's Housing and Economic Renewal , offers critics numerous examples that confirm that well-prepared lower income borrowers can achieve sustainable homeownership. Becerra is a recognized housing expert and frequently makes special appearances at industry events and NAHREP meetings. Check out the post at: and share your opinions with Alejandro via a comment.

Latinos, Blacks Most Impacted in Foreclosure Crisis Says CRL Report
The Center for Responsible Lending issued a report last week with new figures that indicate the foreclosure crisis is not over, particularly for communities of color. According to the report, 5.7 million more foreclosures are imminent on top of the 2.5 million that have already occurred. An estimated 17 percent of Latino homeowners and 11 percent of African-American homeowners have already lost their home to foreclosure or are now at risk. Total estimate for the loss of wealth in communities of color from 2009 to 2012 is $193 and $180 billion. Get the report at:

June's Photos
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