Posted by Michael Hughes
Land use codes for Fourmile Fire victims who want to rebuild their homes have been relaxed by the Boulder County Commissioners. Deja Vu yesterday when another fire threatened Boulder real estate in the nearby foothills.
People whose houses burned in the blaze have up to two years to apply for permits to rebuild essentially in the same location, the same house they lost without going through the county’s painstaking site plan review process. As a person who as done an addition and built in house in Boulder I speak from experience.
The fresh rules will also allow victims to add up to 530 square feet, typically the size of a two-car garage. That’s somewhat of a random number however any additional amount that can be added is beneficial to the fire victims. They can also make minor changes to the house design and site location, using an accelerated review process that’s more meticulous than just applying for a building permit but easier than going though the entire review.
The Fourmile Fire burned more than 6,000 acres, demolishing 169 homes in its wake in the mountains west of Boulder.
The commissioners said they were sympathetic to the call to waive fees but apparently they aren’t into doing it across the board. They know they should just do it instead of wasting time in more meetings to resolve minutae. They need to be sensitive to cases of hardship and a fire is all hardship. Of course we don’t want the taxpayers of Boulder County footing the bill for the items that otherwise might be paid for by insurance companies. These people have been devastated they don’t need to be more devastated by an numb group of county commissioners. Let them rebuild there Boulder real estate and move on. To read the full article.
If you have questions about this article or any things Boulder or Real Estate give me a call a comment a text or visit my website or Phone or text. Michael Hughes at Fuller Sotheby’s International Realty.
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Posted by Michael Hughes
Bank of America has recently announced a halt on all the foreclosures it is processing throughout all of the United States including some house in Boulder. They said that they were taking these measures in order to investigate a “few flaws” in the process that they might have found, according to a statement made by the banking giant.
Bank of America decided to freeze all foreclosures only 7 days after one of the biggest banks in America announced it was doing the same thing in 23 states that require a court approval in order to proceed with a foreclosure.
The foreclosure process will still continue on, however it will stop before it gets to a judgement ruling or a foreclosure sale. Somewhat like traffic on highway 36 going out of Boulder at 5 pm. To say that the pipeline is clogged would be putting it mildly. This was the process that was going to put our housing market back on track. When you have a fever you take ibuprofen or something to keep the fever down until your bodys’ natural defenses can kick in. In this case you work your way through all the foreclosures when you have an ailing housing sector until they are all but diminished to a natural level. The freeze is only supposed to last a few weeks. I guess we’ll see. The banks are having a tough time working through all these foreclosures. Does that mean that the short sales will take an indefinite detour or backseat? This is not a good thing for the housing community. We need to continue to work through these foreclosures and get them done as quickly as possible. JPMorgan Chase also halted foreclosures on 56,000 people who own homes in the U.S. they also said they would be reviewing how the approval process was working. Apparently some of the employees who review and approve the files were not following the guidelines. In the past few days most banks have followed suit. This is not only bad news for foreclosures but also for short sales of Boulder real estate in the county. Short sales were on the back burner and took a very long time, until this is sorted out and untangled they will not be moving forward.
We have been very lucky with Boulder Real Estate. There are not a Tsunami of foreclosures like the sand states. What do I say? Get it done. Of course follow the proper procedures but pull the band aid off quickly and move along! Read the entire story.
If you have questions about this article or anything Boulder TEXT or give me, Michael Hughes a call at 303-359-6627 and you can also visit my website or the Boulder MLS. You can also facebook me.
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