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Are you sure you want to buy a foreclosed home in Colorado Springs?

Are you sure you want to buy a Colorado Springs Foreclosure?

Search for Colorado Springs Foreclosures

Foreclosures can be a great deal; but you have to willing to look at alot of “ugly ducklings” to find a diamond in the rough

I thought my readers may enjoy looking at some of the pictures I took last week looking at foreclosure homes in Colorado Springs

 

 

 

To find out more information about Colorado Springs, Call ……

Kathy (719-287-1049)   KTorline@msn.com  

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Townhome Foreclosure Pick of the week for April

foreclosure IMG_2559 kitchen

Colorado Springs Townhome Foreclosure – Pick of the week

Search for Foreclosures and Short Sales in Colorado Springs

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My Foreclosure pick of the week is in Colorado Springs on 1543 Garden Vista Grove  in the west part of Colorado Springs; close to Bear Creek Park.

It includes over 1800 square feet, with 3 bedrooms, 2 baths, and a 2 car attached garage.  If you are looking for newer Colorado Springs townhome at reasonable price in West Colorado Springs; then this is the property for you.

The property was built in 2005; and originally sold for $186,900.  The townhouse is a two-story plan, and includes a finished basement.

The upsides….. west side of Colorado Springs in the foothills, attached two car garage, newer construction, air conditioning, neutral foreclosure IMG_2560 fireplacecolors, move-in ready.

The description in the MLS says:  “Two Story Townhome with stucco exterior, 3 bedrooms, 2 baths and 2 car attached garage. Finished basement with large family room. Gas fireplace, Central AC, neutral colors, includes all appliances including clothes washer and dryer.”
 
The El Paso County Assessor’s office has it valued at $182,908.  At the current list price of $179,900, it’s priced a little bit below market value.   There are 2 other properties for sale in the complex; one at $195,900 and another at 199,000; and both of these only have a 1 car garage.   During the last 6 months, 1 comparable property in the same complex sold at $200,000.  The HOA’s are currently only $75.00 a month,
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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com

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NEW Colorado Springs Foreclosure Listings

Where are the Colorado Springs foreclosed homes?

During the first two weeks of February , 52 foreclosures came on the market; 10 (16%) of them are already under contract.  

Homes in Southeast Colorado Springs and Homes in the Powers area, Homes in Fountain, and homes in Northeast area are still continuing to see more foreclosures than other areas of the city.

For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn 

Feb. for

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More and more bank owned properties seem to be coming on the market

Foreclosure Listings in Colorado Springs as of September 20, 2009

During the last 2 weeks, starting  of  September 6, 75 bank-owned properties came on the market; 17 (22%) of them are already under contract

For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn 

Related article:  3 Things to know about foreclosure homes for sale

colorado springs foreclosures 9 20

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Interesting foreclosed home in Holland Park

Colorado Springs Foreclosed Properties

Search for Colorado Springs Foreclosures

Related post:

Buying HUD homes in Colorado Springs, Part I
Buying HUD homes in Colorado Springs, Part II
Colorado Springs HUD Homes – Part III in FAQ’s
HUD homes available for $100.00 downpayment 

I saw an interested foreclosed home yesterday in West Colorado Springs in Holland Park.   The property definitely has possibilities, even though it needs lots of TLC and updates.   Here’s the main facts, it was built in 1978 and is currently listed at $184,900; 4 bedrooms, 2 baths, 2 car garage.   The property was foreclosed on in May 2009 and the El Paso County Assessor has it valued at $232,000.   It last sold in 2005 at $217,500  The property has some nice curb appeal from the outside, stucco, circular drive; in my opinion it looks nicer on the outside vs. the inside.   It’s in a nice established west side neighborhood.

 IMG_1748 hans outside

The bank (who is the current owner) has put in new carpet and new paint; but there is still plenty that needs to be done.   In the master bedroom, one of the closets had been converted to an additional bathroom, even though there is a small bath right around the corner.   The bathroom conversion (addition) was not done very well, and  probably should be torn out and it should be made back to a closet.   Or better yet, do a major change and take the 2 bathrooms and combine them to 1 nice spacious master bath.  OR, the bathroom in the closet could be redone; as then it would be very usable for handicap access.

IMG_1757 hans bathroom in closet 

Kitchen was also pretty outdated; as it Read the rest of this entry »

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Foreclosed homes in Colorado Springs continue to sale quickly

Foreclosure Listings in Colorado Springs as of August 1, 2009

During the week of July 27th, 71 bank-owned properties came on the market; 46 (65%) of them are already under contract, or pending. 

For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn 

Must Read Articles

  • Who is Representing YOU? - Tip #1
  • Shop for a Lender like you shop for a house - Tips #2 – 6
  • Top 3 websites for home buyers - Tips #7 -9
  • Open House Misconceptions – Tip #10
  • Appraisals and Inspections, 2 important steps for home buyers - Tips #11-15
  • foreclosures 7 27 09

    Read the rest of this entry »

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    Foreclosed homes for sale in Central Colorado Springs

    Homes in Colorado Springs

    Market information for Active and Foreclosure Homes in Central Colorado Springs As of 3-14-09

    For a FREE list of Foreclosure Homes in all areas of Colorado Springs, Email KTorline@msn.com

    central-3-14-09

    Neighborhoods:  Homes in Ivywild, Old North End, Patty Jewett, Divine Redeemer, East End Addition,  Crown Hill Mesa, Boulder Heights, Spring Creek

    Breakdown of homes for sale, INCLUDING FORECLOSURES, as of 3-14-09

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    Foreclosures for sale in Northwest Colorado Springs

    Northwest – Market breakdown for Active Homes as of 2-14-09

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

    Must Read posts: 

    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
    Buying HUD homes in Colorado Springs, Part I
    Buying HUD homes in Colorado Springs, Part II
    Colorado Springs HUD Homes – Part III in FAQ’s
    HUD homes available for $100.00 downpayment

    northwest-january1

    Neighborhoods:   Pinecliff, Mountain Shadows, Rockrimmon, Oak Valley, Centennial Glen

    Active as of  2-14-09:  264

    • Single Family Homes:  187 (71%)  
    • Condos/Townhomes/Patio Homes:  77 (29%) 

    Active homes for sale as of 2-14-09 Read the rest of this entry »

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    HUD homes available for $100.00 downpayment

    Attention Buyers!  Excellent Foreclosure Opportunity!

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

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

    There is new limited time program for purchasing HUD foreclosures for only $100.00 down.   There are currently over 50 homes listed on the site for the upcoming bid period ending on 2-15-09.  

    Here are some of the requirements

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    Colorado Springs Foreclosure Homes, Tri-Lakes Area including Palmer Lake

    Homes in Colorado Springs

    Market information for Active and Foreclosure Homes in Tri-Lakes As of 1-7-09

    For a FREE list of Foreclosure Homes, Email KTorline@msn.com

    Must Read Posts

    Neighborhoods:  Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek

    Active Homes for Sale as of   1-7-09:  411

    • Single Family Homes:  383 (93%)
    • Condos/Townhomes/Patio Homes:   28 (7%)  

    Read the rest of this entry »

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    Colorado Springs HUD Homes, Part II

     Are you Interested in buying a foreclosed home in Colorado Springs?
    5 MORE things to know about HUD homes

    Search for Foreclosed Homes in Colorado Springs

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    (6) Does HUD inspect homes before they sell them?

    When you view the Property Detail on the the Mcbreo web site, the link takes you to a comprehensive detail page on the property.  On this page, you can link to the Property Condition Report.  This report contains information on the major components of the house including the roof, structure, exterior, plumbing, Electrical, HVAC, Interior and Appliances.   If deficiencies have been found; it is explained in the Work Required area of the report and it is assigned a dollar amount to correct the issue.   It’s a wonderful, very comprehensive report; very informative for potential buyers.

    (7) Should I get a home inspection on a HUD home?

    All HUD homes are sold “as-is”, without warranty.  HUD will not make any repairs nor pay to correct any problems.   Read the rest of this entry »

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    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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    (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 »

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