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investors in colorado springs

Fix and Flip homes in Colorado Springs

By in Buying On June 6, 2013

The real estate market in Colorado Springs is picking up and the fix and flip market is coming alive again.  Investors are looking for a deal, with the competition among other buyers and home prices on the rise, the bargains are a little tougher to come by. If nicely done, fix and flips don't last. …

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Changes for Investors in 2011 – Part 2

By in Buying On December 8, 2010

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 disclose the information to the seller and the seller's lender prior to the closing of…

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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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Yet another change that will impact investors in Colorado Springs

By in Investors On January 24, 2010

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 costs. In other words, if an investor purchases a home for $150,000, the seller cannot…

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Good news for investors in Colorado Springs!

By in Buying On February 20, 2009

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 by investors in the past to sit on the market instead.  With more inventory, fewer home sales, and a…

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5 changes that affect investors in Colorado Springs

By in Investors On October 13, 2008

1.  Fewer properties- Investors were allowed up to 10 investment properties in the past but since mortgage restrictions have tightened up, investors are now only allowed to finance a total of 4 investment properties. 2.  Extra Fees- Freddie Mac and Fannie Mae will be imposing additional fees to investor loans due to the current real…

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