Mariana Wagner

Colorado Springs Foreclosure and Short Sale Information

The Colorado Springs Real Estate Connection works very closely with both homeowners who are facing foreclosure (helping them short sale their home), and home buyers looking to buy a Colorado Springs foreclosure or bank owned homes.

Here are links to some informative articles that will help you learn more about Colorado Springs foreclosures and short sales – whether you are looking to buy or sell.

SELLERS – Avoid Foreclosure with a Colorado Springs Short Sale

• Colorado Springs Short Sale Scam is Mortgage Fraud
• Colorado Springs Home Owners Beware of Foreclosure Assistance SCAMS
• Colorado Springs Real Estate: Help for Homeowners Facing Foreclosure
• Top 3 Ways to Avoid Foreclosure in Colorado Springs
• Why a Colorado Springs Short Sale is a Great Alternative to Foreclosure
• Foreclosure SUCKS – You Have Options
• Real Estate Thoughts – Short Sales

We are Certified Distressed Property Experts and can help you sort out all your options in avoiding foreclosure. Please contact us for a no-obligation 100% confidential interview.
719.434.7525 or [email protected]

BUYERS – BUY a Colorado Springs Short Sale or Foreclosure

• What Should I Know About Buying a Colorado Springs Foreclosure?
• What is a Colorado Springs HUD Home?
• Buying a Colorado Springs Foreclosure or Bank Owned Home
• Bank Owned Homes for Sale in Colorado Springs
• How to Buy a Bank Owned Home in Colorado Springs
• Colorado Springs Mortgage Update – Buying a HUD Repo in Colorado Springs for Just $100 Down
• Writing an Offer on a Bank Owned or REO Property in Colorado Springs

We understand all the intricate details surrounding buying a Colorado Springs foreclosure. Contact us to see how we can represent you in your next foreclosure purchase.
719.434.7525 or [email protected]

HOMEOWNERS – Avoid Foreclosure

• You Can NOW Refinance Your Home if You Owe 125% of Current Value
• 3 Tips on How to Refinance Your Colorado Springs Home to Avoid Foreclosure

MISC Foreclosure Information

• New Law Protects You, as a Tenant, if You Are Renting a Colorado Springs Home that is in Foreclosure
• Colorado Springs Renters Beware – Make Sure Your Landlord is Paying Their Mortgage or YOU Could Be Homeless!

For more information on Colorado Springs short sales or Colorado Springs foreclosures, please contact us. 719.434.7525

Foreclosures for Sale by Area

• Academy School District 20 Foreclosure Homes for Sale

Featured HUD Repo Foreclosure for Sale in 80920 | 7659 Timberline

7659 Timberline Court, Colorado Springs CO 80920

Property Information for 7659 Timberline Court:

• Asking Price: $155,000
• Bedrooms: 3
• Bathrooms: 2
• Square Feet: 1,884 total
• Floor Plan: Tri-Level
• Lot Size: 0.2 acres
• Area: Briargate/Anderosa
• School District: Academy District 20
• Listing Company: COLORADO SPRINGS THG LLC / Herman Group
  
• Status: HUD Repo/ Foreclosure
• Case Number: 052-452735
• **AVAILABLE FOR BIDS UNTIL 3/4/2012**
  [Once the bidding deadline has passed, home may no longer be for sale]]

To see this home and get information on
placing a bid with HUD,
please contact the Wagner iTeam at (719) 434-7525

February 5th, 2012 by Mariana Wagner | Leave A Comment

Foreclosure Rate Drops For The 12th Straight Month

Foreclosure activity continues to slow throughout the United States.

According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 215,000 in September 2011, a 6 percent decrease from August.

A “foreclosure filing” is defined as any foreclosure-related action including Notice of Default, Scheduled Auction, or Bank Repossession.

September marks the 12th straight month in which foreclosure filings fell year-over-year.

There are several reasons why foreclosure filings are down, including an increase in the amount of time it takes banks to move a foreclosure through its pipeline. It now takes a nationwide average of 336 days from the date of initial default notice to bank repossession.

Some states work quicker than others, however, because of a combination of state law and personnel.

Homes in New York take an average of 986 days to foreclose, for example, the longest in the country. Homes in Texas foreclose the quickest, registering just 86 days.

As in prior months, bank repossessions remain concentrated by state. Just 6 states accounted for half of the country’s REO last month:

• California : 16.6 percent
• Georgia : 8.5 percent
• Florida : 8.3 percent
• Texas : 6.2 percent
• Michigan : 6.1 percent
• Illinois : 5.2 percent

Collectively, these 6 states represent just 36 percent of the nation’s population.

By contrast, the bottom 6 states were home to just 192 repossessions last month — 0.3% of the national total. Those 6 states were Alaska, Wyoming, District of Columbia, North Dakota, South Dakota, and Vermont.

For home buyers , shopping for foreclosed properties can be an excellent way to get “a deal”. Foreclosed homes typically sell at discounts as compared to “non-foreclosed” homes, but are often sold “as-is”. This means that homes listed for sale may be defective or out-of-code.

Before placing a bid on a foreclosed home, make sure that you’re represented by an experienced real estate professional.

October 18th, 2011 by Mariana Wagner | Leave A Comment

Is a Colorado Springs Foreclosure a Good Deal?

As of September 29, 2011, the Colorado Springs real estate market has 2,405 single family homes listed in the MLS. Of those for sale, 217 are listed in some stage of foreclosure.

Let’s take a look at the sale data for Colorado Springs foreclosures and non-foreclosures for August 2011:

Colorado Springs Foreclosures

• Sold homes: 70 homes
• Average List Price: $171,166
• Average Sold Price: $163,131 (96% of asking price)
• 3 Beds 2 baths
• Average Days on Market: 109

Colorado Springs Non-Foreclosures

• Sold homes: 388 homes
• Average List Price: $247,335
• Average Sold Price: $239,911 (97% of asking price)
• 3 Beds 2 baths
• Average Days on Market: 84

In August, 2011 18% of the Colorado Springs home sales were in some stage of foreclosure. Based on the above information, we can see that foreclosures are generally lower priced, but based on the percentage of asking price, they are not necessarily lower than market value.

Read Also:

• What Should I Know About Buying a Colorado Springs Foreclosure?
• Buying a Colorado Springs Foreclosure or Bank Owned Home
• How to Buy a Bank Owned Home in Colorado Springs

September 29th, 2011 by Mariana Wagner | 1 Comment »

For The 9th Straight Month, Foreclosure Filings Fall

For the 9th straight month last month, foreclosure activity slowed.

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June. The phrase “foreclosure filing” is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions.

June marked the ninth consecutive month of sub-300,000 filings after 20 months above it – a promising signal for the housing market nationwide.

It’s also noteworthy that each of the 10 most foreclosure-heavy states showed fewer foreclosures in June 2011 as compared to June 2010, led by Florida’s 54% decline. Florida is one of 4 states on the leading edge of foreclosure activity since 2007.

The other 3 states performed similarly well in June:

• California : -22% on an annual basis
• Arizona : -7% on an annual basis
• Michigan : -25% on an annual basis

The decrease in foreclosure filings comes at a time when buyer demand is highest. According to the National Association of REALTORS®, “distressed properties” account for more than 30 percent of all home resales and no wonder — homes in various stages of foreclosure or sold by short sale are selling with discounts of 20 percent versus comparable non-distressed homes.

For buyers in search of foreclosures , talk with a licensed real estate. Buying homes in foreclosure follows a different process path as compared to buying a “traditional” home. Make sure you seek the help of a professional.

For more information on buying a Colorado Springs Foreclosure,
please contact the Wagner iTeam 719-434-8346

July 15th, 2011 by Mariana Wagner | Leave A Comment

Colorado Springs Foreclosures from January to March 2011

The Colorado Springs real estate market had almost 1,100 single family home sales from January to March of 2011. Of these sales, about 24% of these homes were in some stage of foreclosure. This means that for every 4 homes that sold, one was a distressed sale.

Read Also:  What Should I Know About Buying a Colorado Springs Foreclosure?

Current Colorado Springs Foreclosures for Sale

To narrow your search by price, bedrooms, bathrooms, etc., please click on the drop down menus on the top of the map.

*Homes listed above are both in some stage of foreclosure and listed for sale. This list does not include non-listed Colorado Springs foreclosures, or foreclosure properties not listed as foreclosures in the local MLS.

May 16th, 2011 by Mariana Wagner | Leave A Comment