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homes in colorado springs

Foreclosure moratorium may impact investors in Colorado Springs

By in Investors On October 17, 2010

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 Electronic Registration Systems)).   Bank of America is temporarily freezing foreclosures in 23 states. Investors who…

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Homes with Polybutylene Plumbing in Colorado Springs

By in Buying On July 14, 2009

Many homes in Colorado Springs built in the mid 70's through the late 90's had Polybutylene plumbing installed since it was more economical than copper.  It was later discovered the Polybutylene pipes had problems with deterioration in addition to problems with the aluminum fittings.  As you can imagine, this would cause flooding and major water problems for homeowners. Homeowners who have Polybutylene plumbing…

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Colorado Springs Homes: Beware of plumbing issues

By in Buying On March 30, 2009

If you are looking to purchase a short sale or a bank owned property, ensure the plumbing is inspected. Colorado Springs experienced a few cold months this past winter and if a home is improperly winterized or not winterized at all, there may be water leaks in the home. Bank owned properties are usually winterized…

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2008 Area Home Sales in Colorado Springs

By in Market Reports On January 28, 2009

There were a total of 8,339 single family home sales in El Paso County in 2008 compared to 9,995 in 2007.  Take a look below to view the total sales for major areas in Colorado Springs and surrounding areas. The Powers area of Colorado Springs had more home sales than any other area in Colorado Springs for…

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Building an Addition to your Colorado Springs Home

By in Buying Tips On December 28, 2008

You may want an additional bedroom, an office, or want to expand an existing room for more space. Building an addition to your home may be a good idea but weighing out the advantages and disadvantages in advance is a must. If you plan on selling your home in the near future, the addition may not…

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