Colorado Springs Vintage Homes Blog
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Archive for January 12th, 2009
Foreclosure Colorado Springs, West Area including Kissing Camels
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in West As of 1-7-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Kissing Camels, Cedar Heights, Mesa, Chelsea Glen, Pleasant Valley, Holland Park
Active Homes for Sale as of 1-10-09: 195
- Single Family Homes: 139 (71%)
- Condos/Townhomes/Patio Homes: 56 (29%)
Breakdown of homes for sale, INCLUDING FORECLOSURES, Read the rest of this entry »
What’s in a short sale package?
One of the most important steps in a successful short sale, is putting together the short sale package which will be submitted to the lender. A complete package can make the difference in how long it takes to get a short sale submitted.
A recent short sale package I submitted to a lender was 76 pages in length.
What should be included in a short sale package?
Interested in selling your house as a short-sale? Email Kathy Torline KTorline@msn.com or call 719-287-1049
Packages can vary lender by lender, but the following is a basic check sheet of what should be included in a 
short sale package. Lenders will tell you to send a complete package.
__ Hardship Letter
This is a letter written by the seller to explain the borrower’s situation and requesting a short sale. It should describe why the borrower cannot make their mortgage payments and their fear of possible foreclosure. It should be a plea for the lender to consider a short sale.
__ Sellers Authorization
This gives the Realtor (or whoever else you designate) authorization to act as your representative in taking to the lender. Colorado has an approved Real Estate document, Seller Authorization Form
___ Paycheck Stubs – Last 2 months Read the rest of this entry »
