Shawn

How to Stop a Foreclosure in Colorado Springs

If you are in a position where you are not able to make your house payments any more you are not alone. The good news is that you can stop the foreclosure process if you take action now. Most of the home owners who can't pay do not ever seek help. Thats correct--7 out of 10 foreclosure victims never sought assistance prior to losing their homes. That's a sad fact! You Have Options The first and probably best way to avoid foreclosure...Continue Reading!

PCS to Colorado Springs?

Homebuying FAQ's 1. Isn't it just easier to rent than to buy? I get this question a lot. Colorado Springs is very different from other duty stations you may have lived at. The area is large but really still small. That won't make sense to you now but when you arrive you'll get what I mean. We have really one county in our area (excluding the mountain communities). Finding a home takes (with a good Realtor of course) no more than a...Continue Reading!

Do I Need Snow Tires in Colorado Springs?

Well, yes and no. The answer will depend on where you live and how you live. For people who have a job that does not allow you to come in a bit later in the morning after a big snow then you will want to invest in a good set of snow tires.  Snow tires are actually made of a different rubber mixture than regular all-season tires so they work differently when gripping the road and snow. The treads are bigger...Continue Reading!

More Options for Colorado Springs Homeowners in Trouble

Can I do a Loan Modification? Possibly. Keep in mind though that this process is dependent on may variables determined by your mortgage lender. First of all, visit your lenders web site to see if they offer loan modifications. They will list the steps required to modify the loan. The problem sometimes occurs when the lender tells the homeowner that it will be no problem to lower the monthly payment and then at the end of the process, the promises made...Continue Reading!

What if I can’t make my mortgage payments?

Good Question! This is a common question that I hear all the time. There is no simple answer. The thing to know first is that if you miss a payment, the bank is not going to foreclose immediately.  Foreclosure is a lengthy process and costs lenders a lot of money so they don’t want to have to foreclose on their borrowers. If you act quickly, you will have time to make an informed decision. Can I make a partial payment? (more...)Continue Reading!

1605 Westmoreland Rd. Colorado Springs CO 80907 $144000

Great opportunity close to UCCS! [nggallery id=16]This cute home is walkable to UCCS. Avoid parking hassels. All new interior paint and upper level carpeting. Main level features lovely wood floors. Four bedrooms and two full baths. Covered deck is perfect for BBQ's and entertaining. FHA and VA financing are offered on this home so buyers can close with minimal or no down payment.  This home just needs a new owner to add personal touches and a bit of TLC to make it perfect....Continue Reading!

FHA Loan Limits Are Going Down Soon!

Buy or Re-Fi now! As of September 30,2011 the new FHA loan limits will be going down. Please remember though that this means the loan limit and not the sales price. FHA requires at least a 3.5% down payment on every loan. For a single family home in El Paso county, the new FHA loan limit will be $271,050 instead of the current $325000. I personally do not see this as a problem in the Colorado Springs area. (more...)Continue Reading!

Can You Rent Out A Home With A VA Loan?

Common Question Can you rent out a home that has a VA mortgage on it? Yes, with certain conditions. VA loans are given only to Veterans who plan to occupy the home as their principle residence. This means that you cannot use your VA loan benefit to buy a home to fix and flip or to rent out as an investment property in the first place.  As a side note, I have never known how VA will monitor this but you...Continue Reading!

Why is my home not selling?

In the real estate market today I hear this a lot! In the old days all you had to do was list with any agent who would put your home in the MLS and then wait a few weeks for an offer. News flash! Those days are gone. Things are different now. Read below for some answers and help in this difficult market. (more...)Continue Reading!

“Do’s” and “Don’ts” Make Getting a Mortgage Easier

Waiting for your closing day? During the processing of your loan there are certain things to keep in mind that may impact your loan transaction. During the loan approval process, your credit history, income and assets are verified for the initial approval and oftentimes just before your loan closing.  (more...)Continue Reading!