Colorado Springs Vintage Homes Blog
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Oh no, don’t tell me you have other liens on your short sale property
Are you thinking about a short-sale on your property?
I learned a very valuable lesson last week on a short sale listing. I was having a conversation with a title company; 
and the Escrow Officer reminded me that I should order an O & E (Owner’s and Encumbrances) on my short sale listing. I did so, and surprise ……… there were two extra liens on the property; two judgements. The seller is diligently working to see if he can negotiate to get these liens released; but he’s not sure he can get them to go away. The liens are a large enough dollar amount, that if we don’t get them released, I don’t think we’ll get the lender to accept a short sale.
Consequently, I now ask these questions when pre-qualifiying a seller for a short-sale listing; as not every seller is a good candidate for a short sale. As much as I want to help sellers in trouble, I need to remind myself that I can’t solve all of their problems; especially when it comes to liens on the property. Some of the questions I now ask are:
- Do you have a second mortgage on the property? Or two? Even by an individual?
- Who owns Read the rest of this entry »
5 mistakes people make when selling their home
Avoid These Seller Mistakes
Get a Free Market Analysis on your Home, Email KTorline@msn.com or call 719-287-1049
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You want to get the best price for your home in Colorado Springs, and you want to sell it in the least 
amount of time. Most of the homes in Colorado Springs and the surrounding areas are considered to be in a buyer’s market, so homes will take longer to sell. It’s important to make the right moves at the very beginning of the homeselling process to remain competitive. Here are some common mistakes that many homeowners fall into and how to avoid them.
(1) Over-pricing: It’s easy to think your home is worth more than the current market may support. Since home prices have cooled in Colorado Springs, home sellers must be prepared to negotiate on price and terms, and stay flexible.
Sellers must also keep Read the rest of this entry »
