Saturday Reporter-Herald May 22, 2010 E1
Real Estate Matters
www.realtyguide.com • Saturday, May 22, 2010 • Reporter-Herald
Lender wants to change terms on short sale
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ILYCE GLINK AND SAMUAL J. TAMKINS TRIBUNE MEDIA SERVICES
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Inside this week’s Home & Real Estate Realtor of the Week Laura Thomas, Broker Associate with The Group, Real Estate, Inc
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Hardwood Floor Care Learn the basics for caring for hardwood flooring
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Experience the beauty of Northern Colorado at Wild Valley North, where nine large lots are available starting today. premier hiking and horse trails, yet minutes from Loveland and the I-25 corridor. Lots are all well-suited for solar applications, making it perfect for homeowners interested in building a fully solar home. Wild Valley North homeowners are served by Loveland utilities, including city water, Xcel natural gas and underground REA electric. A private, off-property miRH PAID ADVERTORIAL crowave tower will provide highspeed Internet access by Skybeam, which is three times faster elcome to Wild Valley than DSL. North. With nine Currently, there are four phase five-acre lots interone permit-ready lots of five spersed with the breathtaking natural beauty of the permanent- acres each, which include lot numbers 6, 7, 8, and 9. The five ly conserved foothills, this is no subdivision. This is Northern Col- remaining phase two lots can be reserved later this summer and orado at its finest. includes two ridgeline lots with Adjacent conservation easements will ensure the landscape unparalleled views. Each lot will accommodate a walk-out basestays that way — as Wild Valley ment and naturally lends itself to North homeowners have over customized architecture. 2,000 acres of open space surDue west is Devil's Backbone rounding the development. Sewith over 80 miles of hiking trails lect builders are ready to construct a variety of house plans, as and an unending supply of natural beauty with Long’s Peak in well as architects who can custhe backdrop. In the foreground, tom design your dream home. a prairie grass meadow undulates A Grand Opening will be held in the breeze. Hidden Valley intoday and tomorrow from 1-4 cludes over 400 acres of open p.m. To get started on a tour, visit the newly constructed Wild Valley North sales center, located 1.3 miles north of the Hidden Valley entryway, which is just north of U.S. Highway 34. Each element of this magnificent estate has been meticulously designed to maximize the breathtaking views and true essence of Wild Valley North. Nestled as separate private retreats, each lot is located steps from
Attend the Grand Opening of Wild Valley North today and tomorrow
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area and Wild Valley North has 110 acres exclusively available to homeowners and maintained by the homeowners association. Wild Valley North includes several acres reserved for a barn and riding arena, which homeowners may choose to build and maintain via the homeowners association. No building or development is allowed with the exception of such a proposed equine center, and only if approved by the HOA. Furthermore, the 110 acres devoted exclusively to Wild Valley North residents is committed to an agricultural conservation reserve, which preserves the views to the Devil's Backbone and Rocky Mountains forever. Multimillion dollar properties are to the south of the development, though there will never be any through-traffic. Homes at Wild Valley North can be built with pricing starting in the midto high-$600,000s. This coupled with the breathtaking views at Wild Valley North make for an excellent real estate investment. Wild Valley North is just minutes from Marianna Buttes Golf Course and The Big Thompson
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If you go: What: Grand Opening at Wild Valley North When: Today and tomorrow from 1-4 p.m. Refreshments will be available River. Just a few miles farther you are in downtown Loveland, Colorado where you will find the renowned Rialto Theater, Loveland Gallery Museum and many restaurants. Wild Valley North is only 25 minutes from Estes Park, Colorado, the gateway to the incredible Rocky Mountain National Park. To visit, take Interstate 25 north to Loveland (exit 257B). From there, take U.S. Highway 34 to the west part of Loveland. From Wilson Avenue (in Loveland), continue driving west two miles along U.S. Highway 34. Turn right (north) onto Hidden Valley Drive. For more information, please call John Mathey of Premier Lifestyle Realty at 970-481-5512, e-mail him at johnm368@msn.com or visit www.wildvalleynorth.com.
For more information go to:
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Dan Albracht
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Dan has over 30 years of service to Northern Colorado Residents
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uestion: I’m not sure what to do. We are buying a home that is a short sale. I have an executed contract in my hand that was signed by the seller. But the lender on the short sale now wants to come in and change the terms of our deal. They were willing to take less to close the deal. Now they want more. Can they get away with this? My Realtor and the attorney at the title office are telling the bank that they can’t change the terms, but the bank doesn’t seem to care. It’s as if the person at the bank got word from a higher-up that he could not allow the sale at the original sales price and now has to change the deal. So what do we do? If we really want this house are we stuck paying more? Is a contract not a contract? Do we just say forget it and maybe they won’t try to stick us with this extra money? We really want this house but