Colorado Springs Vintage Homes Blog

Archive for November 19th, 2008

Colorado Springs HUD Homes, Part I

Are you Interested in buying a foreclosed home in Colorado Springs?

5 things to know about HUD homes

Search for Foreclosed Homes in Colorado Springs

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• Pre-Qualification or Pre-Approval, which do you need to buy a home?
• Homes sold “As Is” in Colorado Springs….what does it mean?
• Homes in Colorado Springs, 5 things to know about buying foreclosures
• 8 biggest mistakes made by Colorado Springs home buyers

(1) What is a HUD Home?

When someone with a FHA Insured mortgage defaults on the loan, the lender forecloses on the home.  FHA then pays the lender what is owed; and HUD takes ownership of the home.

(2) Who can buy a HUD homes?

If a buyer has cash, or can qualify for a loan, they can buy a HUD home.   They are typically offered FIRST to buyers who want the home for their primary residence.   Read the rest of this entry »

Tags: colorado springs co real estate, colorado springs co realtor, colorado springs forclosures, colorado springs foreclosed homes, colorado springs foreclosure properties, Colorado Springs homes for sale, Foreclosed homes in Colorado Springs, HUD homes in Colorado Springs

Foreclosures in Colorado Springs – Old Colorado City

 Market breakdown for Old Colorado City Homes as of 11-13-08

Search for Homes in Old Colorado City

Related Posts

Active as of 11-17-08:  199

• Single Family Homes:  135 (68%) 
• Condos/Townhomes/Patio Homes: 64 (32%)

Read the rest of this entry »

Tags: colorado springs co foreclosures, colorado springs foreclosures, foreclosures colorado springs colorado, home foreclosures in Colorado Springs, homes for sale in colorado springs, Old Colorado City Homes