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A Realtor with Experience, Knowledge and Dedication, Mike is a lifelong resident of Albuquerque and has been a Realtor for over 35 years. He is a member of the Coldwell Banker “Diamond Society”, a designation awarded to only 19% of all Coldwell Banker agents worldwide. He has earned his ePro and CDRS (Certified Default Resolution Specialist) designations. He is also a multi-year, multi-million dollar producer.

Mike specializes in residential properties and loves the challenge of finding just the right property for each individual buyer. 

Through his many years of experience Mike […]

Average on the 30-year home loan drops to 3.91 % from 3.95 % 2012 looks to be another year of opportunity for the few who can afford to buy or refinance a home. The average rate on the 30-year fixed mortgage fell to 3.91 percent this week, Freddie Mac said Thursday. That matches the record low reached two weeks ago. The average on the 15-year fixed mortgage ticked down to 3.23 percent from 3.24 percent. That’s up from 3.21 percent two weeks, also a record low. Mortgage rates are lower […]

Several real estate professionals say cash-back incentives that some lenders are using to tempt delinquent borrowers to do a short sale over a foreclosure are not very effective because it’s not clear on who qualifies for the program. Some banks are trying out such short-sale incentive programs because “it’s costing banks a fortune to do the foreclosure, and they want to cut their losses,” says Sherry Lee, broker/owner of Lee Property Sales in West Palm Beach, Fla. Florida, which has a high number of foreclosures, was selected by Bank of […]

2202 Sawmill Creek Rd, Sitka, Alaska For sale: $1,945,000 By Erika Riggs, Zillow The city of Sitka sits on Alaska’s Baronof Island and is flanked on the east by mountains and on the west by the Pacific Ocean. It is surrounded by hundreds of small islands, some of which hold private homes. However, there’s only one Sitka home for sale that boasts both waterfront and island property. The special parcel is populated by some very handsome structures, including a main house set back from the Sitka road system and completely hidden by […]

A boom in farm prices has caused many Midwest cities to emerge as leaders for some of the strongest predictions for housing appreciation in 2012. Kansas City, Kan., came in the top spot in HousingPredictor’s annual survey, forecasting an appreciation of 5.8 percent for this year. “The recovery is starting in housing with these cities and will eventually spread to other communities throughout the nation as the U.S. recovers from the worst collapse in real estate since the Great Depression,” according to HousingPredictor. Here are the top cities expected to have housing […]

A native South Carolinian, Bryan Thompson has many years of selling and marketing leadership, ready to put to work for you! With the majority of his working career with Marriott Hotels and Resorts, Bryan was responsible for all marketing and sales activities for the Renaissance Charleston Hotel-Historic District for over five years. Bryan Attended high school in Fort Lauderdale, Florida during the gay 80’s and came out then. College at University of South Carolina-Upstate. In addition, Bryan recently completed the graduate level program EFM from Sewanee, The University of the […]

Hawaii home owners tend to take on the most debt in their home purchases with an average home loan amount of $677,299, according to a recent study by LendingTree.com, which revealed the average loan amounts on residential real estate purchases in 2011. That means the average home owner in Hawaii would have a monthly payment of about $3,234 for a 30-year mortgage, before taxes and insurance, according to LendingTree data. Meanwhile, in Mississippi, home owners take on the lowest loan amounts at $137,182or $655 monthly mortgage payments, on average. The […]

Troubled borrowers in South Florida have another chance to meet face-to-face with lenders. United Financial Counselors is sponsoring a foreclosure-prevention workshop Thursday (Jan. 5) in Port St. Lucie. The event will be from 10 a.m. to 7 p.m. at Divine Anointing Worship Center, 402 S.W. Hibiscus St. To set up an appointment, call (786) 288-5320 or (877) 509-3160. Representatives from GMAC and Chase, along with local attorneys and accountants, will be on site to offer free advice. Some homeowners may leave with mortgage modifications, said Jason Walowitz, president of United […]

Even the demand for refinance mortgages, which accounted for more than 80 percent of all applications, fell slightly. Lenders were offering 30-year fixed-rate mortgages to solid borrowers at an average of 3.95 percent this past week, according to Freddie Mac, the ninth consecutive week of rates at or below 4 percent. That wrapped up a year of record lows for the survey, which dates to 1971. In 1981 and 1982, the average 30-year mortgage carried an interest rate of more than 16 percent, and the typical rate was above 8 […]

Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration. In an effort to help stabilize housing prices and unload some of the foreclosures that are flooding low-income communities, the mortgage insurer extended a waiver of its anti-flipping regulations through 2012. The waiver, which was initially issued in 2010 and set to expire this month, suspends regulations that prohibit the agency from insuring mortgages used to purchase homes that are bought and resold […]