We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Similar figures were seen in Northern Colorado.
In Larimer County, the number of deeds released was 24,040, an increase of 30.2 percent over the previous year. In Weld County, 13,272 deeds were released, an increase of 31.6 percent from 2011.
Deeds of trust can be released when a loan is refinanced or paid off, or when a homeowner purchases a new home.
The total number of deeds of trust released in Colorado in 2012 was 305,141, the highest it has been since 2007.
Part of the reason for the increases can be attributed to the slowly improving economy, but another factor may be low interest rates.
According to the Division of Housing, as mortgage rates decline, release activity increases.
This trend was most dramatically demonstrated from 2000 to 2003, when the mortgage rate dropped 27 percent and total releases increased 174 percent.
An increase in the number of home loans paid off is usually a sign of an increase in refinance and home purchase activity, according to the division.
Declining numbers of releases can be an indicator of a flat market.