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This is has been updated by the bank and is now ready to move in and enjoy! All new paint and carpet in this beautiful custom home. Over 6400 square feet, 5 bedrooms and 5 baths. Top of the world views will wow you as you sit on the deck.

Main level library also has it’s own deck for taking a break during your reading. Luxurious master suite features fireplace, large bath and walk in closet.

This home is an entertainer’s dream! Very large kitchen, family rooms and main level formal spaces. Fully finished basement has room for game room, theatre and more!

Interested? Contact me for your private showing. This one is priced to sell! You won’t find a better opportunity in Colorado Springs right now!

This little cottage is just over 800 square feet and has 2 bedrooms and one bath. Large corner lot could possibly be re-zoned for commercial use.Perfect location for those wanting easy access to Old Colorado City, Manitou, hiking/biking trails and more! Walk to Starbuck’s (that alone should be enough to make you want this house).

This home is bank owned REO and needs lots of work BUT could be a great opportunity for an investor or someone who want to live there and do their own rehab.

My  idea would be a cute little shabby-chic cottage with a new kitchen and bath but keep the charm of the Victorian styling. So many options for the right person. Contact me to set up your own private showing.

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Read it and let me know what you think.

and let me know what you think. There are many opportunities for profit right now in real estate. I am an experienced flipped who knows how to make money in this segment of the market. Feel free to contact me with all of your questions about making money in a down real estate market. I would love to assist you with your investment plan!

Currently, when a home owner falls at least 30 days behind on a payment, the bank will start their action plan. The first thing they might do is to order a BPO or broker price opinion. The homeowner will not even know about this but a qualified professional (someone like myself) will drive by the home, take a few photos and then assess the current value of the home. By this time the home owner has been fielding annoying phone calls for about two weeks from the mortgage company. They want to know when they can expect a payment to be made. This is the time to call or contact me about ways to solve the problem.

If you act early in the process it may be possible to modify the loan with the mortgage company. To do this, the home owner must prove that they have good reason to be behind in their payments. Financial statements, pay stubs and all bank statements from the past 3-6 months are then provided to the lender. No lender will approve a loan mod if the borrower has any liquid assets that could be used to pay the payment. This means if you have stocks, bonds or cash not in an IRA or 401K, you need to just go ahead and keep paying. Using the excuse of “my neighbors are not paying so why should I” is not an excuse.

The next and really best option is to put the home on the market for sale and attempt to get an approved short sale done. Most banks are getting better at approving short sales for home owners in distress. Be sure to contact an experienced short sale Realtor that knows how to get the transaction completed. There is much more to a short sale then just getting it under contract with a low price. Having an agent that understands the process is half the battle!

The final thing to do if the above two options have failed or are not possible, is to wait for the foreclosure to occur. As soon as hte sale has happened, the home owner or tenant will have a visit from the listing agent that will be handling the REO listing for the bank. This agent will make an offer of CASH or the occupants to vacate the property. We REO agents call this Cash For Keys or Financial Relocation Assistance. The home owner or tenant must sign a form stating that they agree to move out on a specific date (usually fairly quickly), leave the property in broom-clean condition and then a check will be presented as compensation to the tenant or former owner. Tenants may have the right to stay for up to 90 days if they can provide a copy of their current lease. No rent is paid and the cash offer still applies.

The best thing to do when having trouble with house payments is to make an action plan and contact me for assistance. I specialize in helping distressed home owners solve their mortgage problems. I have seen many different situation and problems get solved but it takes the initial contact to get things started. I have found that the home owners stress level is greatly decreased when I can offer my assistance. Contact me now if you are facing this problem. I am here to help!

3110 E Bijou #5B  $29,900

Yes, that price is correct! This is a perfect opportunity for an investor, first time buyer or downsizer! The unit is in pretty good condition–just needs a coat of paint and maybe new carpet. The total size is 881 square feet with 2 bedrooms and one bath. The kitchen is nice sized with a separate dining space. Front balcony is great for outdoor relaxing. I don’t expect this one to last so call or contact me now if you have an interest!

View interior photos here

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I hate when people scream in all caps but I have to make a point here! Financial experts are predicting a huge new wave of foreclosures coming on the market in 2010. We need to get ready to ride this wave!

How will this affect the average homeowner? We can expect more decrease in home values in areas where many REO sales will exist. Homes that end up in foreclosure sell for less than a normal owner-occupied home. Many times they are damaged or in need of updating. So far this year, many banks have limited the REO inventory to increase demand and prices. This just can’t continue forever. Banks must wipe these non-performing assets from their books. If you do not need to move, I suggest making plans to stay in your home and just enjoy it for the next few years. Think of your home like a stock that has potential future value. Selling it now will just cause a loss to your investment portfolio.

If you are an investor, this is a great time to be putting money into real estate. You might want to re-allocate money towards some of these REO properties. I am on the inside track to future REO listings and can help you find great deals. All cash deals are best right now but if you need temporary non-traditional financing, I have some great resources to help you.

If you are a first time buyer, you are in luck! We can find you a great foreclosure property in a wide range of conditions. If you plan on using a VA or FHA loan to buy a home, we need to search for a property that does not need major repairs. A home that needs new paint and carpet is best for these loan types. Buying prior to April 30 2010 will also give you the tax credit of up to $8000.

For home owners that might be headed toward foreclosure, there is hope. I can assist you with the sale of your home prior to losing it. Many times people never seek help thinking the situation is hopeless. It is not! Contact me right away so I can help you make a plan to help save your sanity and your credit.

Fortunately, Colorado Springs has not been as hard hit in the mortage crisis as other cities in the nation. Our market stays fairly stable. We will see more foreclosures as this next wave of loan interest rates re-set. I predict that the higher end properties will be leading the pack of the 2010 REO sales. This could be a good time to buy a larger, nicer home. Many options are out there but you will need expert advice on this ever-changing market. Contact, me today so we can make a plan to maximize your profit from the coming mortgage defaults in 2010.

New on the market!

This Richmond Spruce model is priced to sell quickly. Perfect for an owner occupant who wants to find a deal! This home just needs a new coat of interior paint, appliance and a good cleaning and it will shine just like it did when new!

This floor plan has been very popular and for good reason. The main level features a see-through fireplace in the living room and family room. Large kitchen has dining area. Upstairs has large master suite plus two other bedrooms. Loft area looks over living room and can be used for a tv area or office/library.

Soaring Eagles subdivision is a great location for people who work at Peterson AFB, Schriever AFB or Fort Carson. This home has quick access to Powers for all commuters.

This home is a great deal! Don’t miss your chance for easy equity! Contact me today for a showing or for info on other bank owned listings in Colorado Springs!

Great opportunity!

New listing will be priced and on the market in the next week or so. This home won’t need much done to it for a new buyer. A new coat of neutral paint, some appliances and a good cleaning are all that’s needed to be good as new! The home is in the Soaring Eagles area in 80916 zip code. It has just over 1800 square feet, 3 bedrooms and 3 baths. We’ll post the address as soon as we get it on the market officially.

These Bank-owned REO listings in Colorado Springs never last long on the market. If you have been searching for a good deal, contact me now! I’ll be happy to show you this property before it is officially on the market. You won’t be disappointed!

This little condo on the Southeast side of Colorado Springs will be on the market soon. I expect the pricing to be around 30K. That’s right–30K. Heck, at that price you could buy this on on your credit card with a cash advance! Don’t laugh, I’ve done that. I once bought an undervalued home on my credit card for 30K and then resold it for 60K with no repairs!

This little unit will be a great rental property to hold on to for a while. The area is close to public transportation and there would be very little maintenance to do for the new owner.

These units go quickly when they are sold as REO’s so if you think you might have an interest, contact me now to be put on the waiting list.

It’s finally on the market & it won’t last! This like new Prestwick townhome offers unique downtown living! This unit is offered at $245000. These units originally sold for several hundred thousand more!The main level features an office or retail space with front street entrance, bath and kitchen. Two more upper levels are for luxury living. Ultra high ceilings in the great room. The kitchen is upgraded with stainless appliances. Large master suite with five piece bath. Upper level has it’s own entrance and attached two car garage.

Living in this area affords residents a unique lifestyle. Enjoy a latte just steps away from your own front door. Walk to work or parks. Low impact, low stress living can be had here! For your own private preview of this wonderful home, contact me now! I would love to hear from you!