Has anybody utilized this program before?

Has anyone heard of any successful refi's through this program, or is it just another mortgage fantasy?

They promote it in a couple of magazines and online spaces as well and every couple of days I get an email as I am sure they are sending everyone on how great the program is (complete with balloons and confetti)!

Reagan changed the student loan program, my building and many others almost immediately suffered a 50% decrease in occupancy.

I won't go as far as saying don't buy this program or that program but I will say, considering the line up that is going to be at the summit speaking and the comfort in knowing you're not going to be upsold any crap at the back of the room.

Our city decided a few years back to start a revitalization program to create a more vibrant, sustainable, and just community..

Jon -While I agree that for most people in most situations, a house is *NOT* an investment, I also think that that your analysis above for the value of a low-interest loan is actually a great argument for why more people *SHOULD* be buying homes and taking out a loan.While not everyone will be able to take the money and generate a significant enough return that the result will be substantially beneficial, there are a lot of people (like most of us here on BP) that have the right mentality to make that achievable.Again, for the general public that has little expertise, interest or experience with investing, I completely agree with you.

Everything I have seen since 2008 is just a scam.This company is out there actively promoting its program to 100% financing, no money down to poor fools that are trying to get in the real estate game and have less than $1,000 to do a deal.

As for Denver County auctions...In Colorado auctions are held by the public trustees of each county.Below is a link to the Denver County public trusteehttp://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspxI have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: -No guarantee that the foreclosing lien is in first position-No rights to inspect-Can be redeemed out by other jr lien holders after sale-Persons may still be living in the property and require eviction or other arrangements-Lessees may have a grace period to leave-All sales are finalI am not an expert and that is just my personal understanding.The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement.

I had not read about the 203k program.