Colorado Springs Vintage Homes Blog
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Archive for January 4th, 2009
Holidays are over, but there’s still plenty of events in Colorado Springs this week
Post Holiday events
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
The Christmas tree is dead and buried, the relatives are gone and you’re feeling a little blue thinking you’ll be stuck in your home until the weather warms. However, there’s still plenty to entertain you even if you don’t ski. Here’s a look at some interesting events to entertain you during our coldest month of the year.
Sunday 1/4/2009: “On All Fours” benefits one of Colorado Springs more interesting sports teams, The 
Pikes Peak Derby Dames which is a roller derby league (yes, the derby still exists). These 60 women are unpaid and have to raise funds to continue their hitting and skating. The benefit is at Phantom Canyon Brewery Co. from 6-10 pm and will feature the dames in a fashion show along with an art show of the Derby Dames during their games. Two comedians will also keep you laughing. All of this for only $25 which goes to support their traveling teams, costumes (yes, fishnet stockings are still worn), and the rental fees for City Auditorium where they play. Call 719-387-7212 for more info.
Monday 1/5/2009: Pioneers Museum is continuing the exhibit: Pikes Peak Or Bust which runs through September 5, 2009. As always its free. Read the rest of this entry »
What are the credit consequences on a short sale?
Part VII in Short Sales Series for Colorado Springs Home Owner’s
Related Previous Posts:
- Colorado Springs Homes, 4 things to know about a short sale – Part I of Short Sales Series
- Avoid Foreclosure, Know Your Options – Part II of Short Sales Series
- Colorado Springs Home Foreclosures – 11 benefits of a short sale – Part III of Short Sales Series
- The final step in the Colorado Foreclosure process – Part IV of Short Sale Series
- How long does it take to do Colorado Springs Short Sale? – Part V in Short Sale Series
- Are there tax ramifications to a Colorado Springs Short Sale – Part VI
Are there any credit consequences to a Short Sale?
As I continue to do more and more Short Sales for home sellers in Colorado, I frequently get asked this question. It’s a fairly simple answer, as the moment a home owner get 30+ days behind on their mortgage payment, the bank will probably report this information to the credit bureau. When a late payment is reported; it does have a direct affect on your credit.
It’s also important to note that when the actual Short Sale is completed, many lenders will report that the account was “paid in full for less than the full amount.” A credit report may also be marked as “settled.” Each lender has a different way of reporting that a Short Sale was done, but this seems to be the most common language that is seen. Read the rest of this entry »
