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Bob Luna Named 2010 Board President of Metro Brokers, Inc.
Focus for the year will be on recruitment and expansion along Front Ranges outlying markets

(Denver, Colo.) - February 17, 2010 Metro Brokers, Inc. is proud to announce the appointment of new Board President, Bob Luna to its Board of Directors. Luna has served on the board for Metro Brokers for three years, and brings a passion for technology, recruitment and expansion to the position. A veteran in the real estate industry, Luna has been working his way through the ranks since 1979. He joined Metro Brokers, Inc. as an associate and was drawn to the companys cost effective and broker centric business model.

"I couldnt be more proud to be a president of this organization. What other model out there allows you to start out as an associate and become the president of a company," said Bob Luna, president, Metro Brokers, Inc. "Metro Brokers provides its agents with extensive multi-media mix marketing, resources and state-of the art technology tools to succeed in the constantly changing real estate industry."

Luna currently owns and manages the Lafayette office and has opened several other offices in Ft. Collins, Longmont and Louisville. He plans to use his new role to help further expand recruitment for Metro Brokers in the outlying areas of the State including Colorado Springs, Summit County, Western Slope and Northern Colorado where there are currently fewer agents.

In addition, Luna hopes to continue Metro Brokers strong emphasis on technology by educating brokers about the outstanding technology and tools available to Metro Brokers agents and rolling out the next iteration of the award winning website, www.MetroBrokersOnline.com.

"We are excited to welcome Bob Luna as our new board president and believe 2010 has great things in store for Metro Brokers Inc.," said Executive Director, Maria Cook of Metro Brokers Inc. "The board president has such an important role in our organization and we recognize that they give their time generously."

Metro Brokers Inc. provides real estate agents an independent framework to succeed through innovative technologies, brand awareness, continuing education courses and extensive multi-media mix marketing. Unlike other real estate companies, Metro Brokers Inc. is actually owned and operated by its brokers.

About Metro Brokers, Inc.

Metro Brokers, Inc. has been Colorado's leader in real estate, technology and services, for more than 30 years, providing the framework, structure, brand and freedom for real estate brokers to work professionally, efficiently and profitably. Our network of nearly 2,000 highly experienced real estate professionals specialize in residential, commercial and investment properties and have access to ground breaking technologies, continuing education courses, and innovative marketing that help buyers and sellers make the most of their real estate transactions. Unlike most other real estate companies Metro Brokers, Inc. is actually owned and operated by its brokers.

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Posted in Industry Leadership, Announcements, MBI News

Hi, I'm Bob Luna from Lafayette, Colorado, and the 2010 President of Metro Brokers, Incorporated. I would like to welcome you to MetroBrokersTV.com, one of the most state-of-the-art technology benefits available to members of Metro Brokers.

I'm looking forward to 2010 and new ideas and opportunities that will enable member brokers to reach higher heights.

Metro Brokers was established in 1976 by six very visionary real estate businessmen, and has withstood the test of time as a real estate success story and industry leader. Our well-recognized logo, "stopping power" brand, and independent structure which allows brokers the freedom to create their own culture and business model, has attracted the best and brightest in Colorado real estate. We now have 84 office locations throughout the state and close to 800 independent companies within these locations.

And the good news is that things just keep getting better. A few of the goals that have emerged from our talented committees for 2010 are:

- to improve communications to the members,
- to grow Metro Brokers with an emphasis on outlying areas,
- to offer online education courses, and
- to provide office websites for our 84 office locations

You have my personal commitment that we will do all within our power to accomplish these goals and to continue to provide the framework, brand, and freedom for real estate brokers to work professionally, efficiently, and profitably. This is the mission of Metro Brokers.

Thank you for your time and I look forward to working towards a great future for Metro Brokers.

Posted in From The President, Industry Leadership, Announcements, MBI News

On Friday, January 15, 2010 the Federal Housing Administration (FHA) waived the 90-day Flip Rule for one year, effective February 1.

A press release issued by the U.S. Department of Housing and Urban Development (HUD) stated that "FHA research finds that acquiring, rehabilitating and the reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA mortgage insurance for a subsequent resale within 90 days of acquisition adversely impacts the willingness of sellers to allow contracts from potential FHA buyers because they must consider holding costs and the risk of vandalism associated with allowing a property to sit vacant over a 90-day period of time."

The waiver is limited to sales meeting specific conditions:

• All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
• In cases in which the sales price of the property is 20 percent or more above the seller's acquisition cost, the waiver will only apply if the lender meets specific conditions.
• The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.

The waiver can be read in its entirety as a PDF from the HUD Web site.

Posted in Announcements, MBI News

Cathy:  Hello I am Cathy Saltero with Metro Brokers TV.  Today in the studio we have Jesse Sehlmeyer with the Metro Brokers Platt Park office, thank you very much for coming in Jesse.

Jesse Sehlmeyer:  Thank you.

Cathy:  And he is one of our candidates for Metro Brokers 2010 board of directors, tell us a little bit, how long have you been with Metro Brokers?

Jesse:  I have been with Metro Brokers since 2003, so going into our seventh year.

Cathy:  Great.  And what features and benefits, business tools that sort of thing do you think that Metro Brokers offers?

Jesse:  I think the ability to have the Metro Brokers brand name and also the website Metro Brokers online, are two of the biggest tools that we use with our business currently.

Cathy:  What would you say are your volunteer experiences that you have in real estate or in the community?

Jesse:  Gearing up to be actively involved with Habitat for Humanity actually just filled out the paper work last couple of months and getting ready to gear up with them.  Also I have a passion for a organization called FAME Africa, I have the ability to or, honor to go to Africa a couple of years ago, and just really got excited with what this one group is doing down there as far as bringing medical services out to remote areas of Africa, so I am actually hopefully planning a trip back to Africa in the next year or two, go for a couple of weeks and do some charity work there.

Cathy:  That is awesome, why are you running for our board?

Jesse:  I just, I have been the Metro Brokers now for about seven years, and I feel at this point, our organization is fairly seasoned I think we have a lot of core knowledge of real estate technology tools and at this point I really want to give back to Metro Brokers, because they have really given so much to us since we joined seven years ago.

Cathy:  And what strengths do you think that you have as far as contributing to our board of directors?

Jesse:  I think our biggest strength is really staying up with technology and current technology, because our market is changing so rapidly, and just the ability to you know, also kind of bring that knowledge to the rest of the Metro Brokers organization, and the other thing I would really like to help and assist with is recruitment, getting other quality individuals to Metro Brokers that we work with in our industry.

Cathy:  All right, well board of directors meeting is in January 15th, and Jesse thank you very much for joining us today on Metro Brokers TV.

Jesse:  Thank you. 

Posted in Board Of Directors, Industry Leadership, Giving Back, Announcements, Metro Brokers Agents

October 20, 2009

For Immediate Release

Homeowners Do Have Options to Save Their Home

October 2009 Aurora, CO-Did you know there were an estimated 4500 individuals and families who filed for foreclosure in Aurora from January through August this year? Congressman Mike Coffman and Congressman Ed Perlmutter, in conjunction with the Aurora Association of Realtors® (AAR) and the City of Aurora Homeownership Assistance Program (HOAP) have put together a workshop called "Save your Home" to help prevent foreclosures and educate homeowners about the various options they have to save their home.

"Keeping people in their homes is important to turning this economy around and helps strengthen our communities," say Representatives Mike Coffman and Ed Perlmutter.

This free event is set for Saturday, November 7, 10 a.m. - 2 p.m. at Rangeview High School.  It is intended for people who have received a "notice of default," are behind in their mortgage payment, are at risk of losing their home to foreclosure or are struggling to make their mortgage payment and need housing counseling assistance.

Homeowners who attend can receive on-site home loan reviews and debt counseling in addition to numerous informative education sessions including "How to Talk to Your Lender," "The Foreclosure Process and Options," "Workforce Center Job Resources," "Protecting Against Fraud and Predatory Lending," and more.  Each session will be 30 minutes in length.

To receive a home loan review and/or debt counseling the homeowner must have:

            ●  Copies (not originals) of loan documents for all existing loans

            ●  Their most current mortgage statement

            ●  Bank statements and pay stubs for the last 30 days

            ●  Tax returns for the last two years and rental contracts or roommate agreements if applicable.

            ●  A completed registration form and intake form upon check in at the workshop.

"If homeowners have questions about how they can save their home, this is the workshop they need to attend," say Representatives Perlmutter and Coffman.

Members of the "Save Your Home" workgroup include representatives from Countrywide, Bank of America, Washington Mutual, JP Morgan Chase, Wells Fargo, Citibank, Ocwen Loan Servicing, Aurora Loan Services, Freddie Mac, Fannie Mae, HUD, Veterans Affairs, City of Aurora HOAP, Colorado Foreclosure Hotline, Colorado Housing Finance Authority (CHFA) Adams and Arapahoe County Housing Authorities and Public Trustees, lenders and the offices of Congressmen Perlmutter and Coffman.

Free parking is available in the lot west of the school building.  Rangeview High School is at 17599 E. Iliff Ave. in Aurora.

Posted in Announcements, MBI News, Seller Resources