Colorado Springs Realty Blog

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 closin… 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 »

If you plan on purchasing a home in foreclosure and do not plan on living in the home as your principal residence, you may be affected by the Colorado Foreclosure Protection Act. If a property falls under the Colorado Foreclosure Protection Act, invest… more »

Nothing is official yet, but many of us have heard the tax credit will most likely be extended.  If it is extended, there will be some changes.  I have listed a few of the changes that have been discussed below; remember, nothing is set in stone yet so w… more »

Whether you need ideas for your own home or you are curious what features are popular in new homes, the time has arrived for the Parade of Homes in Colorado Springs!  The Housing and Building Association is presenting the 2009 Parade of Homes between Aug… more »

As of July 1, 2009 all home sellers in Colorado Springs who have an appliance that operates from natural gas (i.e. furnace, water heater), are now required to have Carbon Monoxide Alarms installed within 15 feet of all bedrooms in the home.  If all of… more »

Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment choose to obtain down payment assistance from the Colorado Housing and Finance Authority (CHFA). Formerly, borrowers were not required to make any pa… more »

Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment can receive down payment assistance from the Colorado Housing and Finance Authority (CHFA).   CHFA now has a new home loan program available not only… more »

  Many investors have expressed frustration with only being allowed to finance a total of four investment properties.  These restrictions have limited investors considerably and have resulted in many distressed properties that could have been picked up… more »