Colorado Springs Vintage Homes Blog
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Are foreclosures down?
Have foreclosures decreased in Colorado?
Search for Colorado Springs Foreclosed Homes
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Here’s some of the facts about Colorado Springs Foreclosures, according to a recent article by RealtyTrac:
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One out of every 168 households in Colorado were in some stage of foreclosure (The national average of one out of every 213 homes in some stage of foreclosures)
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Boulder showed the lowest foreclosure rate of major cities in Colorado, with one out of every 342 households in some stage of foreclosure
- In the Denver-Aurora metropolitan statistical areas, one out of every 156 households were in some stage of foreclosure
- Nevada posted the nation’s highest state foreclosure rate — one in every 44 housing units with a foreclosure filing in the third quarter
- Colorado Springs has one out of every 171 households in some stage of foreclosure, a decrease of 24% from last year
According to the reports on the El Paso Public Trustee’s Web Site; there are 334 NEW foreclosure starts in August 2011 (year-to-date) vs. 427 for the same month in 2010. There have been a total of 2315 NEW foreclosures in 2011 vs. 3200 for the same period number last year. The statistics show that the numbers are definitely down.
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To find out more information about buying a home or Short Sale Home in Colorado Springs area, call ….
Kathy (719-287-1049) KTorline@msn.com
144 Potential amazing deals
You can Buy a home under $100,000 in Colorado Springs
Search for Colorado Springs Investment Property
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There are (174) active listings of single family detached homes available for sale in the Colorado Springs area that are priced under $100,000! Even though 34 of these are short sales, that still leaves 14
0 homes on the market that are less than $100,000. I don’t have exact numbers, but several years ago, there were very few livable homes on the market that were priced under $100,000.
These homes range in price from $27,000 to $100,000, and from 480 square feet to 2600 total square feet. Most have 2 to 3 bedrooms, and some also include garages.
Some of these active listings do qualify for FHA & VA financing, and some only offer Cash or Conventional financing. Here are some of the areas where there are homes under $100,000:
- 33 Homes in Central Colorado Springs
- 12 Homes in Southwest Colorado Springs
- 4 Homes in East Colorado Springs
- 22 Homes in Southeast Colorado Springs
- 19 Homes in Fountain Valley (close to Fort Carson)
- 9 Homes in Powers area (close to Peterson Air Force Base)
- 9 Homes in Old Colorado City area of Colorado Springs
- 12 Homes in Southwest Colorado Springs (close to Fort Carson)
Whether you are buying your first home, or your first investment property, some of these homes are amazing deals.
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To find out more information about buying a home or an investment property in Colorado Springs area, call ….
Kathy (719-287-1049) KTorline@msn.com
New Colorado Springs Foreclosure homes continue to come back on the market
Where are the Colorado Springs Foreclosed Homes?
Search for Colorado Springs Foreclosed Homes
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The Colorado Springs area saw 128 new foreclosure listings for Colorado Springs bank owned homes come on the market since April 1, 2010. The homes are in a variety of different areas of the city, but the POWERS area in the city had the most foreclosures come back on the market, with 23 new listings. The SOUTHEAST area had 14 new foreclosures come back on the market and FOUNTAIN had 14 foreclosed homes come on the market. There were NO foreclosures listings since April 1st, in the Manitou, Peyton, or Northgate areas. The price on these Colorado Springs Foreclosed homes ranged from $49,900 for a small condo in Northeast Colorado Springs to $1,100,000 for 3700 square foot home built in 2003 located on 35 acres in Pueblo. The average price was $174,292.
Kathy (719-287-1049) KTorline@msn.com
How can I steal properties from the banks?
WHAT CAN I EXPECT TO PAY?
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
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Where are the foreclosed homes?
Colorado Springs Foreclosures
Search for Foreclosures in Colorado Springs
Related Article: 9 key things to know about buying a bank repo
I’m definitely a “data-queen”, as I love analyzing data, looking at numbers. As I continue to become more and more of an REO specialist, I recently crunched some numbers to look at the current homes for sales in Colorado Springs and specifically focusing on foreclosed homes, including bank-owned, HUD homes, VA repos, and other foreclosures. It’s interesting to see where the majority of foreclosed homes for sales are located at in the Colorado Springs area. Any even more importantly, what parts of the city have very few foreclosures.
Manitou Springs and the Ute Valley area currently have very few foreclosures for sale; the northwest area of the city ; including Rockrimmon and Mountain Shadows also continue to see very little foreclosure homes for sale. The southeast part of the City (Soaring Eagles, Pikes Peak Park) and Powers area (Stetson Hills, Springs Ranch) currently have the highest amount of foreclosures for sale. The Central area (including downtown) is also continuing to see a high amount of foreclosed homes for sale.
Also, according to a new report published by Realty Trac, 1 in every 69 homes is in foreclosure, and Colorado Springs ranks #49 in their U.S. Metro Foreclosure Market Data. In Las Vegas, 1 in every 13 homes is in foreclosure, in Phoenix, it’s one out of every 22 homes.
Read the rest of this entry »
55 Colorado Springs Foreclosed Homes came on the market last week
Foreclosure Listings in Colorado Springs as of September 6, 2009
During the last 2 weeks, starting of August 24, 55 bank-owned properties came on the market; 19 (25%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
New Colorado Springs Foreclosure Read the rest of this entry »
Homes in Southeast Colorado Springs continue to be hit by foreclosures
Foreclosure Listings in Colorado Springs as of August 22, 2009
During the last two weeks of August, starting on August 10th, 47 bank-owned properties came on the market; 15 (31%) of them are already under contract
It seems like many more properties are going to final foreclosure than the number of properties that are coming back on the market. There are lots of rumors that there is a back log of properties that will hit the market sometime in 2009.
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
36% of new bank-owned properties on the market are in Fountain and Southeast Colorado Springs
Foreclosure Listings in Colorado Springs as of August 10, 2009
During the week of August 3rd, 69 bank-owned properties came on the market; 47 (68%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
New Foreclosure Listings for the week Read the rest of this entry »
64 new foreclosed properties came on the market last week
Foreclosure Listings in Colorado Springs as of July 25, 2009
During the week of July 20th, 64 bank-owned properties came on the market; 42 (65%) of them are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
10% of homes for sale in Monument are bank-owned or short-sales
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Tri-Lakes As of 7-13-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
Breakdown of homes for sale, INCLUDING FORECLOSURES
- Short sales: 32 (6.5%)
- Bank-owned: 15 (3.0%)
- Regular: 446 (90.5%)
70% of Foreclosed Properties go under contract in less than a week
Sunday bargains – Homes in Colorado Springs
Foreclosure Listings in Colorado Springs as of July 3, 2009
During the week of July 6th, 64 bank-owned properties came on the market; 45 of them are are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
128 new bank-owned properties came on the market in June
4th of July weekend bargains – Homes in Colorado Springs
Foreclosure Listings in Colorado Springs as of July 3, 2009
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
During June, 128 bank-owned properties came on the market; 76 of them are already sold, under contract, or pending. Average days on market for these properties is 31 days
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
What can I expect to pay?
WHAT CAN I EXPECT TO PAY?
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
I am consistently asked by buyers how much they can expect to pay for Colorado Springs foreclosures. My research shows that short sales and foreclosure sell for right around 95% to 99% of the list price. If you think you will get a Colorado Springs foreclosure or a Colorado Springs short 
sale for 50% off, you are wrong and wasting your time. These homes are already priced aggressively and ready to move.
Colorado Springs Foreclosures May 2009
- 153 Foreclosures Sold (16% of the total sales for the month)
- $157,454 Average Sales Price
- 98% Sold for Price vs. List Price
- Average days on market: 72
Colorado Springs Short Sales May 2009
- 53 Short Sales Sold (6% of the total sales for the month)
- $176,960 Average Short Sales Price
- 98% Sold for Price vs. List Price
- Average days on market: 167 Read the rest of this entry »
84% of Colorado Springs foreclosed homes went under contract in a week
Sunday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of June 15, 2009
During the last 7 days, 51 bank-owned properties came on the market; 36 of them are already under contract or pending. 84% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Colorado Springs Foreclosure listings in SOUTHWEST area as of 6-10-09
Market information for Active and Foreclosure Homes in Southwest As of 6-10-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active homes for sale, INCLJUDING FORECLOSURES
- Short sales: 22 (4.5%)
- Bank-owned: 10 (2.1%)
- Normal: 452 (93.4%)
Active Homes for Sale as of 6-10-09: 484
- Single Family Homes: 352 (73%)
- Condos/Townhomes/Patio Homes: 132 (27%) Read the rest of this entry »
71 bank-owned properties came on the market last week
Sunday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of June 1, 2009
During the last 7 days, 71 bank-owned properties came on the market; 34 of them are already under contract or pending. 48% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Bargains in Colorado Springs? Maybe, maybe not
Foreclosures in Northwest Colorado Springs
Search for Foreclosures in Colorado Springs
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There are currently some unique bank-owned houses for sale in Northwest Colorado Springs. I saw 2 homes over the weekend in Northwest Colorado Springs, in the Southface neighborhood, not far from Vindicator and Centennial. Both of them were the same floor plan, although one had a bigger basement on it than the other one
The first property, on Bear Cloud, is located on a nice lot, but the back yard does back up to a busier road. Nice open floor plan, with a large free standing brick fireplace that greets you as you enter in the property.
It includes over 3,000 square feet, with 5 bedrooms, 3 baths, 2 car garage. The property was originally foreclosed on in October 2008. The living room has expansive windows on the southerly side. There is a nice open kitchen (of course most of the appliances have been stripped out) and it includes a good size space for a kitchen table. No formal dining room, which may or may not work for potential buyers. Large master bedroom at 17 x 15 with a 5 pc. attached bath. There may be possible structural issues on the back wall of the basement, a potential buyer would want a thorough inspection as well as a structural engineering report. The basement included 2 bedrooms and another full bath. Priced vary attractively for the square footage.
The second property on Read the rest of this entry »
Colorado Springs Homes for Sale — New Foreclosure Listings For week of May 16th
Saturday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of May 17, 2009
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
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- Don’t let your dream house become a nightmare
- Homes sold “As Is” in Colorado Springs….what does it mean?
- Homes in Colorado Springs, 5 things to know about buying foreclosures
- 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
Market in Northwest Colorado Springs is almost foreclosure free
Homes in Colorado Springs – Northwest
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Market breakdown for Active Homes as of 5-18-09
Neighborhoods: Homes in Pinecliff, Mountain Shadows, Rockrimmon, Oak Valley, Centennial Glen
Active homes for sale
- Short sales: 5 (1.6%)
- Bank-owned: 5 (1.6%
- Regular: 300 (96.8%)
Active Homes for Sale as of 5-18-09 :
- Single Family Homes: 218 (70%)
- Condos/Townhomes/Patio Homes: 92 (30%) Read the rest of this entry »
Colorado Springs Homes for Sale — New Foreclosure Listings For week of May 9th
Saturday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of May 9, 2009
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Partial list of NEW Colorado Springs Foreclosed homes currently on the market Read the rest of this entry »
