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NEW REAL ESTATE SCAM FROM CHINA
PPAR and RSC have been made aware of a scam targeting REALTORS®  in Colorado Springs.  Someone posing as a Chinese real estate buyer (names used thus far include Qiu Zilei and Harry Chang) is contacting REALTORS®. The scammer insists on sending the purchase money ahead of time. Eventually a very real looking but fraudulent cashier’s check is received.  The scammer tries to get the recipient of the check to deposit it. Apparently, if the check is deposited the scammer will quickly request the recipient to return some portion of the funds to the scammer. Don’t get fooled.
A similar scam is being run from the United Kingdom. The scammer is using the name John Mitchell and is supposedly working for Hawker Brian. The scammer looks for account #'s to supposedly transfer the purchase money from Africa.

HBA 2010 BREAKFAST WITH THE BUILDERS
Visit 1 on 1 with area builders, developers & remodelers More

CARHOF $20 FOR TWENTY
Colorado Association of REALTORS® Housing Opportunities Foundation (CARHOF) is celebrating 20 years and needs your help! More

El Paso County Housing Commissions New Housing Bonds
Here's why it's good for homebuyers, home sellers and REALTORS® More
Additional information can be found here

FHA Announces Changes
The week of January 18, 2010, FHA will announce major changes to ensure its long-term financial soundness. More

Air Force Academy REALTOR® Appreciation Night
Mens Basketball Tickets! Click Here for more info

Colorado Springs Economic Forecast

On Thursday, January 7, Fred Crowley, UCCS Senior Instructor in the College of Business, presented his annual Econcomic Forecast for Colorado Springs. The slides of his presentation may be downloaded here.

IREM'S 19th ANNUAL ECONOMIC FORECAST BREAKFAST
Get information about the highlights and speakers for this event on February 11.  More 

Remember, the second weekend of the month is
“PPAR Open House Weekend.”

Be sure to add your open houses to the PPMLS system so that they will appear in the Open House section of ppar.com.

TAX INFORMATION FOR 2009
More

 

 

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Contribute to PSF 
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Foreclosure Prevention Hotline  
          719-444-8833
Register for IREM 2010 Economic Forecast Breakfast

Lender Loan Disclosure Form

The Pre-Loan Approval process has been a major headache for REALTORS® and buyers/borrowers.  There has not been any Lender Standard of Practice indicating just what documents the Buyer/Borrower must produce to receive loan approval or any information about how quickly the Lender must receive these documents.   For more information, click here.

CREC Form Changes

The CREC held an emergency rulemaking to implement changes to many contracts and forms.  These forms are optional effective May 1, 2009, and mandatory effective July 1, 2009.  CREC prepared a red-lined PDF file of the rules for your reference.  Redlined PDF file here.

Real Trends

As a benefit of PPAR Membership, monthly issues of Real Trends may be downloaded here.

   bullet  January 2010 Issue


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A Member of the National Association of REALTORS Copyright© 1993-2009 Pikes Peak Association of REALTORS®
430 North Tejon Street, Colorado Springs, Colorado 80903
PPAR Phone: 719.633.7718     RSC Phone 719.635.5040
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