The Colorado Home Front

Denver & Colorado Springs housing and home information from Cheryl Garlock

TAG | bank owned

 
 
The Red Rocks Insitute, a consumer real estate education center, is sponsoring this FREE event. See 5 homes in 90 minutes. 
On the tour participants will:
  • View select homes before they hit the auction block
  • See Bank Owned homes and Short Sale Opportunitites
  • Calcualte Fix-Up Cost to Enhance Properties
  • Determine Future Value & Market Trends
  • Learn the tricks to negotiate with banks and make a deal
  • Take a inside peek at EASY government financing
  • Learn how to buy a home with little to nothing down

Got to www.RedRocksInstitute.com to find a tour in your area.

 

 

Get an inside peek at Foreclosed Homes BEFORE they go to Auction.

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Congress recently passed an extension for the Homebuyer Tax Credit and expanded it.  Don’t be confused by the phrase “tax credit”.  While it is indeed a “tax credit” you can get the CASH back NOW when you buy a primary residence . . . it takes about 6 weeks for the Treasury Department to send you the check.  Read more here . . . The Shift is Coming

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El Paso County per the Colorado Springs Business Journal reports that foreclosures are up over the previous year.  It should be no surprise that foreclosures are on the rise, but be aware that those numbers present an opportunity for homebuyers looking to capitalize on great deals offered by banks.  The banking community is controlling the number of foreclosures that they are releasing so as to create more demand and limit their losses.  It is speculated that the banks will unleash their bank owned properties in larger numbers in hopes to get them off their books in 2010.  So take a look at this article here, but keep these other realizations in mind while reading the journal.

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