About Montrose County, CO

Lists of home that are in the process of Foreclosure and those homes that have gone through the process of Foreclosure and are now owned by the Banks and mortgage companies are available Free of Charge.

You can get a list of those homes in the Process and those that are now Bank Owned by contacting me. I can e-mail you the lists, contact me at AlanBrownRealtor@gmail.com or call me at 970-209-8436

Under no circumstances should you pay any vendor on the Internet to provide you with these lists call information is Free.

Here is a current list of the Homes that have been Foreclosed on, and are currently listed For Sale.

This list is constantly changing, if you would like an updated list, or would like to be notified by e-mail when a foreclosed home in Montrose, Delta or Ouray County comes up for sale then e-mail me your address and I will make sure you receive the updated list and I will then subscribe you to the e-mail list for future foreclosed homes.

brownbrit@aol.com 209-8436

Foreclosed Homes as Of March 4th 2009

919-921 Troy Ct $117,000

1302 Bighorn St $137,900

1324 Colonial Dr $161,405

1919 Court Way $138,700

126 Roundhouse $178,900

15124 61.25 Rd $210,900

11333 58.00 Rd $269,900

20866 Trophy Rd $335,000

64215 Ranger Rd $799,000

If you would like to see inside any of these homes. call me, I can represent you in the transaction.

2038 Winston Way Unit A Price $145,000 or Best Offer.

This 1263 Sq Ft Townhome was built in 1991. 2 beds, 2 Bath, Low Maintenance living. The monthly Homeowners Fee is $100, this pays for Water, Sewer, Trash, Lawn Maintanance & Snow removal.

All Appliances are included in the sale, including Washer, Dryer, Located close to the senior citizens center.

MLS # 617478 www.Coldwellbankermontrose.com brownbrit@aol.com 970-209-8436

Here are the Home Sale numbers for last month February 2009 for Montrose Colorado. Also the comparable numbers for Febraury 2008.

Units Sold Days on Mkt Avg List Price Avg Sell Price

2009 22 86 $175,385 $167,559

2008 31 181 $209,115 $202,293

2007 51 132 $235,795 $231,266

If you have any questions or would like a Market Analysis on your Real Estate Contact me either by phone 970-209-8436 or brownbrit@aol.com

These days Reverse Mortgages are becoming more popular as the population is becoming older and there a lot more people over 62 as baby boomers begin to retire. In the next 20 years over 70 million baby boomers are going to be retiring which will make these mortgages more popular.

Unlike a traditional mortgage no repayment is required until the borrower no longer uses the home as their principal residence. The requirement is that you are a homeowner of at least 62 years of age own your home outright or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan, and you must live in the home.

Your home must be a single family home or a 1-4 unit home with one unit occupied by the borrower. HUD approved condominiums and manufactured homes that meet FHA requirements are also eligible.

The amount you can borrow depends on your age, the current interest rate and the appraised value of your home or FHA'S mortgage limits for your area whichever is less. Generally the more valuable your home is the older you are and the lower the interest rate, the more you can borrow.

You do not have to repay the loan as long as you or one of the borrowers continues to live in the home and keeps the taxes and insurance current. You can never owe more than the value of your home at the time you or your heirs sell the home.

You can these days buy a home that you do not already own with a Reverse Mortgage. for more information please contact Pam Stewart with Wells Fargo Home Mortgage 970-240-1035 (direct) or pamela.l.stewart@wellsfargo.com

This infromation was bought to you by Alan Brown 970-209-8436 if you would like to buy a home using a Reverse Mortgage please contact me with a list of homes for sale.