Jason Roshek

The “Don’ts” of Great Colorado Credit Scores

You know your credit score is important. The closer your score is to 800 the better your chances of securing a loan for that beautiful Colorado Springs home. A high score also means better rates and terms for the loan. However, many people don’t realize that certain negative actions can bring down your credit score—and keep it there for seven years or more. 

From RealtyTimes, here are seven things that can wreck your credit score and your subsequent eligibility for financing.

1. Frequent Late Payments (aka Deadbeat Behavior) – Consistently making payments 30, 60, or 90 days late should be avoided. Know that paying even 30 days late can stay on your report for many years.
2. Collections – If your lender contacts a collection agency to obtain your payment, it’s reported to the credit bureaus and this negative information stays put on your report for seven years.
3. Charge Offs – Another seven years of damage result if your lender charges off your debt because they know you’re never going to pay.
4. Public Proceedings – Examples include bankruptcy, tax liens, or other financial judgments assessed to you. Even if you pay them off, they’ll show for seven years on your report. Bankruptcies can hang on for ten years and you never get rid of an unpaid tax lien.
5. Settlements – This means paying part of your debt in a settlement such as a mortgage short sale. Whether for mortgage, credit cards, or other debts, a settlement notice means (you guessed it) seven years of an undesirable credit score.
6. Foreclosures – Whether your lender forecloses on your Pikes Peak home or you give it to the lender in a deed-in-lieu of foreclosure, it’s another seven year stain on your report.
7. Vehicle Repossessions – Not paying the car loan means the repo man takes the car and your credit score takes another nasty hit.

For those who’ve managed to avoid the things on this list, keep up the good work! If you’ve made one or more of these errors, there is still hope for buying a home in Colorado. With a lot of patience and hard work, you can get your credit score back in line. And now you know what not to do to keep it there.

No matter what your financial situation, we can help find a home for your budget. When you’re ready to buy or sell a home in the Pike’s Peak Area, call The Roshek Group! We are ready to help you with all of your real estate needs.

Save the Date for the Ute Pass Kiwanis Golf Tournament

Block out July 30, 2010 will be the date of the Ute Pass Kiwanis Golf Tournament.

Best Ball Scramble will be starting at noon, followed by dinner.  After Dinner will be something for the whole family.  There will be 2 actives: The Ute Pass Kiwanians are bringing back NIGHT GOLF to Shining Mountain in Woodland Park.  Or you can come and play in the Carnival/Game Night.

More Details to follow.

The Aftermath of moving

Wow, like I stated before the easy part of moving is Buying the Real Estate (the Home).

I have to thank Brad Watwood and Gary Adamson and Jeff Gatlin for the help of moving treasures to the new home.  Brad and Gary were work horse on Saturday.  I also have to thank my Mom and Dad for watching the kids while we got the treasures into the right areas.  I would also like to thank Amy and Ehrin for watching the kids.

The journey of moving was one that I hope does not happen for many many decades.  There are boxes everywhere.  My wife has been awesome and got the kitchen in order.  You think you have everything done in one room and start moving to the next room and discover that there is one box that should have gone back to the room you just left.  Then you start move furniture in that room again, because you think it might look better in a different spot. 

I am thinking that we should get all the boxes emptied by December... 2011.

Moving Day

Being a Realtor and helping people find either their first home or dream home is really a great joy.  I have systems that make buying a home easier for them.  I personally bought a home back in November of 2009.  The Systems were in place and it was a smooth process to buy the home.  Now that my family and I have finished working on our new home, we are getting ready to move in to our new home.  I forgot how hard it is to pack. 

I am a keeper of Treasures, my wife calls it trash.  So cleaning out old files, magazines... okay trash is not so fun. 

The biggest pain is coordinating the hooking up of Telephone and Internet and Direct TV.  Which in the bigger picture it really should not matter that they could be there between Monday and Friday from 8 am to 5 pm.  I have to unpack anyways. 

Then the worst part is I am sure that my wife will be going through all my treasures trying to throw away all of those precious moments and treasures. (TRASH).

Why do they call it a Sleep Over if no one Sleeps

Savannah, my daughter, had her first Sleep Over.  The biggest question I have is why is it called a Sleep Over if no one sleeps.  Actually it went very well.  I guess the hardest part is trying to get 3 little girls to stop talking and just be quiet.  I think it was about 11:30 p.m. before it became quiet.  The funniest part I think is that they all got up at the same time.  I am hoping that the Rewards of a Sleep Over is Nap-time.  please, please.