bank owned: Foreclosures Down in Steamboat Springs, Colorado
- 07/11/13 01:39 AM
Foreclosures Down in Steamboat Springs, Colorado Foreclosure filing are down nationally and foreclosures are down in Steamboat Springs, Colorado as well. A year ago there were roughly 40-50 bank owned properties for sale in Routt county and Steamboat Springs, Colorado. Today there are 13 bank owned properties for sale in the Steamboat MLS. Short-sales in Steamboat Springs have dropped as well. Today there are 27 Short Sales in the Steamboat MLS. Rising real estate values and declining unemployment is a major factor in the improvements. And with these low interests rates, people are able to refinance and lower their mortgage payment. National Foreclosure Snapshot Foreclosures in … (1 comments)
bank owned: Will it Last - Steamboat Springs Home Ownership for Under $100K
- 02/13/12 04:34 AM
Will it Last - Steamboat Springs Home Ownership for Under $100K Steamboat Springs' 2011 real estate market was dominated by sales of transactions priced under $200,000. Condominiums made up most of these sales, and now that these bargains are off the Steamboat Springs market, there’s not much inventory at the lower price points as compared to last year. Here’s a Steamboat Springs real estate snapshot by the numbers: Homes priced below $200,000 comprised 36% of 2011 sales 26 condos sold in 2011 for less than $100,000 (of these, 16 were bank owned) 45 condos sold for prices between $100,000 and $200,000 in … (0 comments)
bank owned: Real Estate Video Blog from Steamboat Springs, Colorado - Foreclosures
- 01/30/12 04:10 PM
Real Estate Video Blog from Steamboat Springs, Colorado - Foreclosures The foreclosure game has changed in Steamboat Springs. No longer can we assume banks will offer near mortgage level at the auction. Now banks are paying much less than market values. Now owners have larger deficiencies, and buyers can get some great deals in Steamboat Springs. See more of my weekly real estate video blog here. … (4 comments)
bank owned: Steamboat Springs September 2011 Real Estate Report - Moguls, not groomed.
- 10/25/11 10:39 AM
Steamboat Springs' September Real Estate Report - Still Bumpy Steamboat Springs' summer to fall transition is a mixed, bumpy ride both weather and real estate market wise. Real estate continued along its own bumpy ride with the number of transactions totaling the second highest all year at 140, but with gross dollar volume just over $35 million which only ranks 5th year to date with 9 months down. Makes sense when you dig deeper into residential home sales and see that 34% of them in September were for homes under $200,000. As September turned to October and mud season follows, we’ll see less real … (2 comments)
bank owned: Twelve Months of Shadow Inventory Projected for Colorado
- 10/11/11 08:18 AM
Twelve Months of Shadow Inventory Projected for Colorado Steamboat Springs, Colorado has seen an increase in bank owned home sales, and according to the latest National Association of Realtors’ (NAR) Economists’ Outlook it might take a year or so for Steamboat Springs to see the Shadow Inventory work through the system. But as with any numeric estimate, you need to be aware of how the numbers were calculated. First a quick reminder of what Shadow Inventory is in case you missed my blog earlier this month: Shadow Inventory consists of homes not yet for sale that are distressed and will be on the market in … (2 comments)
bank owned: Steamboat Springs Has Shadow Inventory, But What's That?
- 10/05/11 09:12 AM
Steamboat Springs Has Shadow Inventory, But What's That? If you're thinking Shadow Inventory in Steamboat Springs has anything to do with the sunshine we enjoy here many days of the year...well you're definitely not thinking in real estate terms. Shadow Inventory in real estate has nothing to do with sunshine. But yes Shadow Inventory is in Steamboat Springs, Colorado and quite frankly it’s across the country, not just in big cities hard hit by the real estate downturn. So now that we know it’s here in Steamboat Springs, let’s dig in further and understand what it is. Shadow Inventory Defined: It’s the inventory of homes not … (4 comments)
bank owned: Foreclosure vs. Short Sale: Homeowner Ramifications
- 09/28/11 06:55 AM
Foreclosure vs. Short Sale: Homeowner Ramifications Heritage Title Company, one of Steamboat Springs’ CO local title companies, presented a hand-out at our MLS meeting yesterday that provides valuable information for clients facing a distressed home sale. Top-line answers for clients are as follows: Credit Score* In Foreclosure the credit score may be lowered anywhere from 250 to more than 300 points and typically will affect a credit score for over 3 years.* In a Short Sale only late payments on mortgage will show and after the sale, mortgage is normally reported as paid as agreed, paid as negotiated or settled. This … (6 comments)
bank owned: How Agent John Doe Ruined the Neighborhood
- 06/21/11 02:50 AM
How Agent John Doe Ruined the Neighborhood. I will make several qualifications throughout this post. It occurred to me last night while browsing the MLS that each time I saw Realtor "x" name appear on a listing that the value of another neighborhood was about to drop. Yes, we all know of these agents, the one that get those bank owned listings. They alway bring the listing into the MLS to sell so they are priced low. And if it does not sell soon, the price drops, and drops. And now every home in that area suffers. But I get that. … (8 comments)
It's bitter cold in much of the United States. Uncharacteristically cold. It's cold where is live too. - 30 this morning. Yes, negative 30 this morning. And even colder tonight. But it's cold all winter here in Steamboat Springs, Colorado. Get to the point you say. A few days ago a home closed here in Steamboat Springs. It was a bank owned home, once owned by a predominant lawyer in town. Was once listed for over 2.5 million. Bank owned and sitting vacant for several months it came on the market priced at $1,340,000 or so. Seemingly a relative … (2 comments)
Foreclosures Down in Steamboat Springs, Colorado Foreclosure filing are down nationally and foreclosures are down in Steamboat Springs, Colorado as well. A year ago there were roughly 40-50 bank owned properties for sale in Routt county and Steamboat Springs, Colorado. Today there are 13 bank owned properties for sale in the Steamboat MLS. Short-sales in Steamboat Springs have dropped as well. Today there are 27 Short Sales in the Steamboat MLS. Rising real estate values and declining unemployment is a major factor in the improvements. And with these low interests rates, people are able to refinance and lower their mortgage payment.
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