Patricia BeckColorado Springs Real Estate Blog
Category Archives: Investors
5 Items to consider when buying a HUD Home
HUD-owned properties can be a good deal but buyers need to be aware of a few differences if they plan on purchasing a HUD Home in Colorado Springs. 1. Online Auction – All offers are submitted online and investors cannot … Continue reading →
Purchasing a rental property in Colorado Springs
If you are not sure where to invest, you may want to reconsider investing in the stock market and look into investing in real estate. Some investors are still fixing and flipping properties but holding onto properties in this market … Continue reading →
Changes for Investors in 2011 – Part 2
Due to House Bill 1133, investors will experience some changes when it comes to fixing and flipping homes in 2011. Investors who purchase a short sale and plan on flipping the property in less than 14 days are required to … Continue reading →
Changes for Investors in 2011 – Part 1
Until January 1, 2011, investors who purchase a short sale property are required to use a different contract under the Colorado Foreclosure Protection Act. The purpose of the act is to protect home sellers who are facing foreclosure and receive … Continue reading →
Should you Fix n’ Flip in Colorado Springs?
Investors who purchase property can either fix it up and then sell it or hold onto the property and keep it as an investment. Although an investor can decide which way to go when buying a property, the real estate … Continue reading →
Colorado Springs – Great Opportunity for Investors
With low interest rates and home prices, now is the time to invest in real estate. Investors from other states and even from Canada are looking at properties in Colorado Springs. These real estate market conditions will not last forever … Continue reading →
Fannie Mae and Freddie Mac Foreclosure Properties
Buyers who intend to occupy a home as their principal residence, have an advantage over investors when it comes to purchasing a Fannie Mae or Freddie Mac foreclosure property. Investors still have to wait 15 days before submitting an offer, … Continue reading →
Foreclosure moratorium may impact investors in Colorado Springs
Major banks including Bank of America, GMAC, and JP Morgan Chase are halting foreclosures to investigate if homes were properly foreclosed upon since issues have arisen from incorrect paperwork being filed and from concern regarding the entity actually foreclosing on many properties (MERS (Mortgage … Continue reading →
What buyers and investors should know about VA Repos
There are many types of foreclosures available in Colorado Springs and one type of foreclosure is a VA Repo. These types of properties are sold by the Veterans Administration (VA). There are a few important things buyers should be aware … Continue reading →
Yet another change that will impact investors in Colorado Springs
Fannie Mae and Freddie Mac have recently changed guidelines regarding seller contributions. If you are purchasing a second home that is not your primary residence, the seller can not contribute more than 2% of the purchase price toward buyer closing … Continue reading →
