Colorado Springs Realty Blog

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 cancelled by the lender on the short sale of their home.  Prior to the bill being passed, the IRS viewed the def… more »

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 house without having to worry about having to do a short sale. … more »

From Fillmore and I-251. EAST onto W FILLMORE ST. 0.9 mi2. Turn RIGHT onto N NEVADA AVE 1.3 mi3. Turn LEFT onto E CARAMILLO ST. 0.1 mi4. Turn RIGHT onto N WEBER ST. 0.0 mi5. E CARAMILLO ST & N WEBER ST. 0.0 miA to B Travel Estimate: 2.82 mi - about 7… more »

Yet another change that will affect investors who purchase Fannie Mae REO listings.  Investors will not be allowed to submit an offer on an REO property until it has been on the market for 15 days.  Buyers who plan more »

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 requires a low down payment making it easier for many buyers to purchase a home; currently, home buyer… more »

Home inventory has decreased by 11.7% for the month of November 2009 when compared to six months ago (May 2009); one of the largest inventory decreases we have seen in a long time! Compared to the previous month of October, there was a 8% decrease in si… more »

Homes sales decreased by 6% in El Paso County for the month of November when compared to October 2009. There were 124 additional single family home sales in November 2009 when compared to November 2008. There were also an additional 1,388 single family… more »