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What to know when buying a foreclosure or bank owned home in Colorado Springs
Buying a foreclosure or bank owned home often is appealing to buyers trying to stretch their dollars. It’s finding a good one can that can be a challenge. Many banks don't want to advertise their homes negatively as "bank-owned" because Read More...
GUESS WHO'S DITCHING THEIR MORTGAGES?
A study of 24 million credit files by national credit bureau Experian and consulting company Oliver Wyman has shown that home owners with high credit scores are 50 percent more likely to deliberately walk away from a mortgage than lower-scoring borrowers. Read More...
Is The Foreclosure Slowdown Temporary?
Is the Foreclosure Slowdown Temporary? Legal entanglements and well-intentioned home-owner-assistance efforts have slowed the pace of foreclosures, but eventually many of these distressed homes will hit the market anyway. Some observers say these delays Read More...
Buyers, Watch Out For Lurking APR Predators
APR Predators and APR Demystified First, lets demystify Annual Percentage Rate (APR). APR was designed to allow consumers to use one standardized number to compare the real cost of each lender's interest rate and it works like this. If I lend you, Read More...
Facts About Our Market
Media reports continually suggest that housing market trends are downward. Consumers have to contend with various sources of information providing grim details about buying or selling a home in the current economic environment. As a consumer you are left Read More...
Seven Golden Rules For A Successful Bid On a House
Seven Golden Rules For A Successful Bid On a House First time home buyers are looking at a market that shows no mercy, is highly competitive and does not reflect the conditions of a so-called " depressed real estate market." It is not easy to Read More...
Make $8,000 On Your Next Home Purchase!
This is the first of many blogs I plan to write about the $8,000 tax credit that isn't being talked about nearly enough! Did you know that if you haven't owned a home in Colorado Springs in the past 3 years, you could qualify for the tax credit? Read More...