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short sale series: Short Sale Series: Short Sales in Colorado Springs and El Paso County Part 4 - The Short Sale Process - 09/17/08 05:23 PM
If you bought a home in the Colorado Springs area from 2004-2006 & are behind on your payments, you need to read this series!
The first 3 articles in the Colorado Short Sale Series give us a solid background for understanding the entire short sale process.  While there aren't a lot of steps, each part requires a good amount of work.
1.  Determine if You Qualify for a Short Sale (30-60 Minutes)
First, you have to see if a short sale is even possible for you.  There are a couple of different ways to find out.  You could ask a short … (2 comments)

short sale series: Short Sale Series: Short Sales in Colorado Springs and El Paso County Part 3 - Pros and Cons - 08/21/08 03:37 PM
If you bought a home in the Colorado Springs area from 2004-2006 & are behind on your payments, you need to read this series!
Part 2 of the Short Sale Series covered the requirements for a short sale.  Now it's time to look at the pros and cons of a short sale in Colorado Springs and El Paso County.  By the time you finish reading this article, you'll have a good idea if Short Sale Services will be right for your situation.
Pros
 
Avoid ForeclosureForeclosure will be a very long and painful process.  It will take 6-12 months to take … (1 comments)

short sale series: Short Sale Series: Short Sales in Colorado Springs and El Paso County Part 2 - Do You Qualify? - 08/18/08 04:38 PM
If you bought a home in the Colorado Springs area from 2004-2006 & are behind on your payments, you need to read this series!
In Part 1, we learned what a short sale is.  Now in Part 2, we'll discuss the requirements to be considered for a Short Sale in Colorado Springs and El Paso County.
To qualify for a short sale, you must pass the following tests:
1.  Has your home's market value dropped?
Due to slow or declining local real estate conditions NOT because of neglect or intentional damage 2.  Are you late or will soon be late on … (0 comments)

short sale series: Short Sale Series: Short Sales in Colorado Springs and El Paso County Part 1 - What is a Short Sale? - 08/15/08 02:56 PM
If you bought a home in the Colorado Springs area or El Paso County from 2004-2006 & are behind on your payments, You need to read this series!
A combination of re-adjusting ARMs (Adjustable Rate Mortages) and a slow real estate market has created some tough times for many home owners in the Colorado Springs area.  It's a recipe for missed payments...which can snowball quickly into bad situation.  Late payments can lead to foreclosure and a foreclosure is not a pretty picture.
A lot of these home owners are good people that simply find themselves in a tight spot.  It's a … (2 comments)

 
Jamie

Jamie Mades

Colorado Springs, CO

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