Colorado Springs Real Estate

Colorado Springs Real Estate Blog


Monthly Archives: December 2009

Short Sales: Will you have to pay the Phantom Tax?

Posted on December 24, 2009 by Patricia

The Mortgage Forgiveness Debt Relief Act was passed in 2007 to protect distressed homeowners from being taxed by the IRS on the debt that was canceled by the lender on the short sale of their home. Prior to the bill … Continue reading →

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Colorado Springs Homes: Deed in Lieu of Foreclosure

Posted on December 23, 2009 by Patricia

Some home owners who are in distress may choose the option of a Deed in Lieu instead of a short sale. The home owner gives the deed for the house back to the bank and can walk away from the … Continue reading →

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2009 COLORADO SPRINGS CHRISTMAS LIGHT EXTRAVAGANZA!

Posted on December 18, 2009 by Patricia

Directions for the Chirstmas Light Extravaganza 2009 Provided by Autumn Rivera From Fillmore and I-25 1. EAST onto W FILLMORE ST. 0.9 mi 2. Turn RIGHT onto N NEVADA AVE 1.3 mi 3. Turn LEFT onto E CARAMILLO ST. 0.1 … Continue reading →

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Fannie Mae makes changes for REO Investor Purchases

Posted on December 9, 2009 by Patricia

Yet another change that will affect investors who purchase Fannie Mae Real Estate Owned (REO) listings.  Investors will not be allowed to submit an offer on an REO property until after it has been on the market for 15 days. Within … Continue reading →

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Upcoming changes with FHA financing may impact home buyers

Posted on December 9, 2009 by Patricia

Many home buyers in Colorado Springs obtain FHA financing for their home purchase and may be affected by the upcoming changes with FHA guidelines.  FHA offers a low down payment requirement making it easier for many buyers to purchase a home; … Continue reading →

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Single Family Home Inventory Stats for El Paso County – November 2009

Posted on December 8, 2009 by Patricia

Home inventory has decreased by 16% for the month of November 2009 when compared to six months ago (June 2009). Compared to the previous month of October, there was a 3% decrease in single family homes for sale.  It is … Continue reading →

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Colorado Springs Real Estate Market Report – November 2009

Posted on December 8, 2009 by Patricia

Homes sales increased by 2.7% in El Paso County for the month of November when compared to October 2009. There were 295 additional single family home sales in November 2009 when compared to November 2008!  There were also an additional 1,246 … Continue reading →

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