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

 

  

YOUR NEXT BREAKFAST MEMBERSHIP MEETING IS

 FRIDAY, November 5

(8:30-10:30am)

 

Make sure to invite a friend!!! 

 

In This Issue
New Members
Breakfast Info
Business After Hours
Partners
Need to Renew or New Membership?
Click below...

Pay Online


New or Renewed Members

Carolyn Andrews,

Remax Alliance 3000

 

Mercedes Vergne,

Bank of America

 

Stuart   Kanchugar,

Wells Fargo

 

David   Hays,

All Points Home Inspections

 

Lina Krylov,

Colorado Property Shop

 

Sarah Curtis,

ERA Herman Group

 

Huber Frederick,

Metro Brokers

 

Luz Daniels,

Kller Williams Realty DTC

 
Quick Links
 
Join NAHREP's
Social Network

NAHREP Connect

JOB OPPORTUNITIES

Make sure to check out our job board through
 
 
 
 
Follow CAHREP
 
 
 
CAHREP Linkedin
CAHREP
Board of Directors 

Thank You to Departing Directors
We would like to the opportunity to thank Vanessa Guzman and Ray Rosado for their service to CAHREP as Board of Directors. We will still see their participation in the association's activities. Thank you!
IT DOES MATTER WHO YOU DO BUSINESS WITH!!
 
Ask if your real estate professional (buying or listing broker, lender, title co., insurance agent)  is an active member of CAHREP.
 
DAC
  Denver Athletic Club
1325 Glenarm Pl.
Denver, Co 80203
  (Only $3 Parking for Attendees)
 







TOPIC

Social Media and Technology

 Marketing yourself to make money on the internet.


 

Ben Yost

Castle & Cooke Mortgage, LLC

 

Ben has been a mortgage banker for 18 years. He has been using the internet to promote his business and compete with the institutional large lenders. He now obtains 30-40% of his business from these efforts.  

 

 

Full Buffet Breakfast

Free to Members, Guests $20

Bring a Friend!

Business After Hours Mixer
with KB Home 
November 17, 2010
6-8pm

KB TEJON HEIGHTS

1979 W. 52nd Ave.

Denver, CO 80221

Exit Pecos off I-70. North to 56th, West to Tejon.

 

 Open to all business professionals. Appetizers, Drink Specials, Prizes and a Good Time!

NAHREP News

The Key To Recovery: Getting Homeowners Back Into Our Neighborhoods

by Alex Chaparro

Within days of major lenders putting foreclosures on hold, I began to hear from NAHREP members about the problems the embargo was causing new buyers in the hardest hit markets. Like you, I was relieved to hear the news that the White House opposes a national foreclosure moratorium and applaud the Administration for not overreacting to the recent document/recordkeeping issues. The unintended consequences of a broader moratorium would certainly deal a blow to an already fragile housing market.

   Without question no family should ever lose a home due to a bank error. There must be checks, balances and reporting that prevent mistakes like this from ever happening. This recent hiccup offers us a good opportunity, however, to step back and reevaluate our priorities in the recovery. Vacant, unsold homes undermine the stability of our neighborhoods and our communities. More gridlock isn't the answer. A moratorium would only elongate the process for distressed homeowners, create a backlog of homes and further drive down neighborhood values when they eventually hit the market.


Click for the full article.
Other News

Civil Rights Awards
Rick Garcia, HUD Regional Administrator, was a recipient of NEWSED's 19th Annual Civil Rights Awards. Mr. Garcia has a long history of community involvement in the Denver area, including RTD Board Commissioner, Denver City Councilman, Former Chair of the Colorado Housing and Finance Authority and Vice Chair of NEWSED CDC to name a few. Rick has been a strong supporter of CAHREP and its mission. The other awardees were Councilwoman Judy Montero, Councilman Paul Lopez, Colorado Progressive Coalition and Carlos Valverde, Anthony Aragon- Denver GLBT Communithy Activist and famed actor and political activist Wes Studi. Congratulations!!

Housing Colorado Eagle Awards 
Speaking of awards, congratulations to the CAHREP Member, the Colorado Foreclosure Hotline, who was recently awarded one of Housing Colorado's Eagle Awards. Since 1990, Eagle awards have been given to "celebrate extraordinary accomplishments and outstanding leadership in housing and support services across the state." Read John Rebchook's full article at Inside Real Estate News for more information about Housing Colorado and the awardees.

Here are September statiscs from the Colorado Foreclosure Hotline:

Of the 2,586 calls to the Hotline in September, Call Center representatives answered 415. The following is information reported by those 415 callers. This is not to be construed as statewide data and not all callers chose to answer all categories.
 
Lenders Utilized
Countrywide/Bank of America (21%)
Wells Fargo (15%)
Chase (11%)
GMAC (6%)
Of the 2,586 calls to the Hotline in September, Call Center representatives answered 415. The following is information reported by those 415 callers. This is not to be construed as statewide data and not all callers chose to answer all categories.
 
Lenders Utilized
Countrywide/Bank of America (21%)
Wells Fargo (15%)
Chase (11%)
GMAC (6%)
 
Referral Source
1276 posting (56%)
Default letter (9%)
Local Agency (6%)
Word of Mouth (5%)
Government Official (5%)
 
Months Delinquent
2 months (16%)
4 months (14%)
5 months (14%)
3 months (12%)
Current (9%)



Counties
Denver (19%)
Adams (14%)
Arapahoe (13%)
El Paso (10%)
Jefferson (10%)
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