Shawn

Should You Just Stop Paying & Let Your House Go?

Only As a Last Resort! Lots of people in financial trouble just have the urge to give up. If you are in this position you know just what I am talking about. The phone rings off the hook with calls from natsy collectors trying to make you pay money that you don't have. They call at all times of the day and night. Inspectors from the bank may be stalking the property with clipboards and digital cameras to report to the...Continue Reading!

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!

How Long Do You Have to Wait to Buy a Home Again After a Short Sale?

Answer: It Depends Read below for a list of loan scenarios. It is definitely better to do a short sale than to just let your home go into foreclosure. Even if you have already been notified that the bank is going to foreclose there still may be time to sell your home and avoid the ramifications of a foreclosure on your credit report. Conventional Fannie Mae: After only 2 years with an 80% LTV ratio (Loan to Home Value), 4 years with...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 is a Deed in Lieu?

What is a Deed in Lieu? When a homeowner is facing true hardship and does not want to go through the entire official foreclosure process, an option called a “Deed in Lieu” is available in some circumstances.  This option may have a lesser impact on your future credit than a full-blown foreclosure. Depending on your situation,  this can be an option. There are certain criteria that need to be met in order for the lender/bank to approve a Deed in Lieu. We’ve...Continue Reading!

2313 Stepping Stones Wy, Colorado Springs CO 80904 $89,900

[nggallery id=19] Super nice condition with all new interior paint, carpet and appliances. This unit shines! Two bedrooms on upper level. You'll enjoy spectacular mountain views from the front deck. This is the best location in the complex! This unit is a bank-owned property but easy to buy. Call me at 719-264-7777  for more details or to arrange a showing!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!

17575 Minglewood Tr. Monument CO 80132 $449,000

[nggallery id=15] Bank Owned! Beautiful walk-out rancher is ready for a new owner to enjoy all that it has to offer. This home sits on 2.5 acres in the trees. Private but close to highways for commuting. Over 5000 square feet of living space. Main level features huge master suite with fireplace. Two other bedrooms are also on the main level. Formal dining room and large open kitchen area are perfect for entertaining. (more...)Continue Reading!

2040 W Yampa Colorado Springs CO 80904 $109,900

[nggallery id=14] Perfect for investors! This bank-owned duplex is in need of updating but with a bit of cosmetic help, it could be a great rental property.  Prime westside location. Walking distance to Uintah Gardens shopping center. (more...)Continue Reading!

Did you or do you have a Wachovia Pick-a-Pay Mortgage?

Good News! I used to have a Wachovia Pick-A-Pay mortgage on the last house that I owned. That house sold in 2008. Even so, I just received notice of a Class Action Lawsuit settlement for those who had or have one of these loans. (more...)Continue Reading!