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Archive for July 11th, 2009

Banks are doing surprising things

Banks are fixing up foreclosures to sale

For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com

Some interesting things are happening with bank-owned homes in the Colorado Springs Area.  I have a client under contract to purchase a townhome in Colorado Springs; in a established well-kept complex in the Rockrimmon neighborhood where not many units come up for sale.

Before we looked at the property, I prepped my buyer and told her that bank properties are typically sold “as-is” with no business-an-108repairs; and many times the properties are in bad shape.   This particular bank seems to have a new and improved philosophy on selling their properties.  They have : 

** Replaced all the carpet on the main and upper level

** Furnished brand new appliances, including a microwave

** Completely cleaned the property

** Completely painted the main and upper level of the townhome Read the rest of this entry »

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