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Colorado Springs Foreclosure – December Pick
Colorado Springs Foreclosure Pick of the week
Search for Foreclosures in Colorado Springs
Related Article: Buying a short sale vs. a foreclosure, what’s the difference?
My pick of the week is in Falcon Highlands, east of Colorado Springs, on 11006 Birch Hollow Way. Falcon is only a short commute to Schriever AFB, and Peterson AFB.
It includes over 4800 square feet, with 3 bedrooms, 3 baths, and a 3 car attached garage, priced at less than $300,000.
If you are looking for a BIG house at reasonable price in Falcon; then this is the property for you. The property was built in 2007/2008; by John Laing; but was never finished as John Laing went into Bankruptcy.
The house has a great floor plan, with lots of room to expand in the 2500 square foot basement.
The upsides….. large attached two car and one car garage, laundry on the same level as the bedrooms, open floor plan, separate dining space, main floor office, newly built; never lived in. Plus it’s on over 1/2 acre lot. The downsides ………….. no landscaping, no window coverings, and no floor coverings, except in the kitchen and bathroom.
The description in the MLS Says: “Newly finished former popular Clayborn floorplan includes slab granite counters, upgraded Whirlpool appliances, and hardwood floors in the entry and kitchen / eating nook. Kitchen offers a gas cooktop, double oven, and breakfast bar. This spacious rancher has a great room, main level laundry, convenient mud room, 3 car garage, and unfinished basement with plenty of room to expand. Living spaces flow with ease from one to another, and home has a functionality that all will appreciate!”
6 BIG advantages of VA loans
VA Loans
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
Must Read Articles:
- NORAD is still alive and smaller under Cheyenne Mountain
- After fierce competition Colorado Springs finally lands the Air Force Academy
- An early history of Ft. Carson
- History of Ft. Carson part II
- Military relocation? 6 tips to read before you buy a home
- Relocating to The Air Force Academy? Here’s some great info to make your move easier.
I went to a training class last week on VA loans and came across all types of valuable information I wanted to share with our Colorado Springs home buyers. (I’m a strong believer that a Realtor needs to constantly increase and update their knowledge about all things real estate, never can learn too much.)
Since Colorado Springs is surrounded by military bases (Fort Carson, Peterson AFA, Schriever AFA, and the U.S. Air Force Academy 
) ; as well as there are many military retirees in the areas, VA loans are very popular. The stats show that 30% of all loans in the area are VA Loans.
Advantages of VA loans
When a Colorado Springs home buyer is trying to decide what type of loan they are going to use, it’s important for them to understand some of the advantages of VA loans:
- No down-payment requirements.
- There are not many loans left that don’t require a down-payment
- No monthly MIP
- MIP is the abbreviated term for the Mortgage Insurance Premium that many FHA loans and Conventional loans add to your monthly mortgage payment
- Assumable Mortgage
- This could be really important in the future if interest rates start to rise; it could make it much easier to sell a property and have a new buyer assume the existing loan
Read the rest of this entry »
- This could be really important in the future if interest rates start to rise; it could make it much easier to sell a property and have a new buyer assume the existing loan
Housing relief for military families in Colorado Springs
Colorado Springs Military
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
Military families stationed at Fort Carson, Peterson AFA, Schriever AFA, and the U.S. Air Force Academy and other military installations in the Colorado Springs area will be glad to learn they may now be eligible for relief for their housing challenges.
An addition was made to the the Homeowners Assistance Program (HAP), administered by the Army Corps of 
Engineers. For military personnel in Colorado Springs, the main contact is US Army Corps on Engineers in Fort Worth. Their phone numbers are:
The program was originally intended to only assist military homeowners affected by base closings or a partial closure of a base.
According to the web site the new groups affected are:
- Homeowners who cannot ‘ride out’ the depressed real estate markets until their home values can recover, they are moving because of a Permanent Change of Station (PCS) order”
- Wounded warriors required to relocate for medical reasons
- Surviving spouses of fallen service members
Again, according to the web site: “HAP benefits offset some of the losses incurred when homes are sold, purchased by the government, or foreclosed upon. Applicants should understand that Read the rest of this entry »
NORAD is still alive and smaller under Cheyenne Mountain
NORAD
- After fierce competition Colorado Springs finally lands the Air Force Academy
- Military relocation? 6 tips to read before you buy a home
- An early history of Ft. Carson
- History of Ft. Carson part II
NORAD today, stills sits under the caverns of Cheyenne Mountain, even though its in a warm 
status. It may not be as large as it once was due to the consolidation of NORAD and Northcom now housed mainly at Peterson Air Force Base, but its still there protecting us from not just external but now internal threats with the help of the FAA.
In 1957, both Canada and the United States were reeling from the threats of the Soviet Union, especially after the launch of the first satellite, Sputnik. Everyone was scared and even schoolchildren were drilled on diving under their desks and covering their heads in case of a nuclear strike. Both countries realized the importance of a continental home alarm system. This lead to the creation of NORAD at Ent Air Force Base (now the Olympic Training Center). Read the rest of this entry »
Military relocation? 6 tips to read before you buy a home
Are you in the military?
Are you relocating to the Colorado Springs area? Do you want to purchase a home?
- Government and Military are #1 employers in El Paso County
- Relocate to an Award Winning City in the Colorado Rockies
- Relocating, it’s all about the schools
- High Altitude Tips
- Moving to Colorado Springs, check out Zip Skinny
Buying home is a complicated process which needs some investigation and education before making a decision. if you are in the military, you should ask yourself some questions before making the decision to purchase:
- Can you get financing? (It’s important to talk to a mortgage professional to get pre-qualified for a loan.)
- Is your tour of duty going to be longer than 2 years before the next PCS? If you know your current tour is less than two years, you have to weigh the risks of breaking even or even a loss when you go to sell.
- Will you have the opportunity to do another tour here or will you have an opportunity to come back? Read the rest of this entry »
