Colorado Spring Real Estate
Market Report for Marksheffel - Single Family Homes
Colorado Springs Neighborhoods: Claremont Ranch, Banning Lewis Ranch
Only minutes from Peterson AFB
The Marksheffel housing market continues to be a BUYER'S Market, as there is currently a 6.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "Neutral Market".
Recap of 2009
Current Report as of 9-14-09 in Marksheffel
This Colorado Springs Real Estate report contains information on Single Family homes in Marksheffel.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
A Colorado Springs Real Estate Agent You Can Trust
Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com
Posted by KAT
Are you considering selling your home by means of a short sale, but have lots of questions? If so, read on ......
(1) I want to do a short sale and have a 2nd mortgage, does this make me ineligible? 
No. Both of your lenders will need to be satisfied in some way to complete the short sale. Many short sales do involve 1st and 2nd lien holders.
(2) Do I have to miss a payment to do a Short Sale?
No, not necessarily. Some lenders will accept short sale offers from sellers who have never missed a payment. But most lenders don't seem to pay much attention to a seller and a request for a short sale when a payment has not been missed.
(3) How does a listing agent get paid a commission?
The bank will pay the commission along with all the other usual closing costs.
(4) Do I have to pay income taxes, I have heard that I will get a 1099? Will the loss the lender takes be treated as a taxable gain to me?
It WAS true, now it's not necessarily true. Consult your Tax Attorney or Qualified CPA. The tax law was modified and now most people who do a short sale with their primary residence will have no taxes due.
(5) I owe more than my home is worth and I can't make the payment. Do I have to somehow qualify for a short sale?
Different agents have different opinions about this, but my opinion is YES. Banks want to know that sellers are in a hardship situation before they qualify for a short sale.
(6) I just missed a payment and I know I will miss more...how long does the foreclosure process take and is there time to do a short sale?
There is no easy answer to this question, as the amount of time varies depending on the lender. Some lenders will start the process after a owner only misses one payment, and some lenders will wait until an owner has missed 5 or 6 payments.
The Original Article was posted at: Top 6 Colorado Springs Short Sale Questions Answered
If you are interested in a short sale, It's important to utilize a Colorado Springs Real Estate Agent that specializes in Pre-foreclosures, Foreclosures, and Short Sales; and has a successful and ethical track record. Call Kathy Torline - Nordstrom, 719-287-1049 KTorline@msn.com
Must Read posts: 6 BIG advantages of VA loans
One of the biggest areas of confusion about VA loans is the Seller Concessions. I was in a recent class where the instructors were from the Denver VA office, they did a great job of explaining what can and what can't be used as 
part of Seller Concessions.
VA Mortgages have a limit of 4% of the Appraised Value that the seller can contribute to a buyer on a VA purchase without it being considered excessive. For VA purposes, a seller concession is defined as anything of value added to the transaction which the buyer pays no additional amount and which the seller is not customarily expected to pay. Some examples of concessions include seller payment of the following:
The Buyer's debts can be included to be paid by the seller, but this amount counts towards the 4% Seller Concession. Keep in mind that in a buyer's market where the sellers agree to pay for all closing costs & pre-paids, the pre-paids can eat the concession up to 2% to 3% out of the 4% cap.
The Original Article was posted at:What is allowable for VA Seller Concessions?
Must Read Posts:
A Colorado Springs Real Estate Agent You Can Trust
Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com
Posted by KAT
Colorado Spring Real Estate
Market Report for Peyton - Single Family Homes
Only minutes from Peterson AFB
The Peyton housing Peyton continues to be a BUYER'S Peyton, as there is currently a 151 month of supply of homes on the Peyton. A 6 month supply of houses on the Peyton is considered a "Neutral Peyton"
Recap of 2009
Current Report as of 9-14-09 in Peyton
This Colorado Springs Real Estate report contains information on Single Family homes in Peyton.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
A Colorado Springs Real Estate Agent You Can Trust
Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com
Posted by KAT
Colorado Spring Real Estate
Market Report for Marksheffel Area, Single Family Homes
Neighborhoods: Homes in Claremont Ranch, Banning Lewis Ranch
Only minutes from Peterson AFB
The Marksheffel housing market continues to be a BUYER'S Market, as there is currently a 6.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "Neutral Market".
Recap of 2009
Current Report as of 9-14-09 in Marksheffel
This Colorado Springs Real Estate report contains information on Single Family homes in Marksheffel.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
A Colorado Springs Real Estate Agent You Can Trust
Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com
Colorado Springs Real Estate
Posted by KAT
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Kathy Torline - Nordstrom, KAT, An Expert You Can Trust Selling Real Estate in the entire Colorado Springs area www.ColoradoSpringsVintageHomes.com & www.KathyTorline.com
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