Tag Archives | foreclosure

What is a Pre-Foreclosure in Colorado Springs?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Colorado Springs anyway? Many homeowners across America and Colorado Springs are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending […]

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Can I give my house in Colorado Springs back to the bank without an expensive foreclosure?

Can I give my Colorado Springs Colorado house back to the bank without an expensive foreclosure? The answer is YES !  (but with caveats, read below for more details) There are many ways to avoid an expensive foreclosure in Colorado Springs. Your first step if you’re trying to avoid foreclosure in Colorado Springs is to speak with […]

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Can I sell my Colorado Springs house in foreclosure?

Do you have a Colorado Springs CO house that’s in foreclosure right now? Many people going through the CO foreclosure process want to get out from under that burdensome house and ask the question, can I sell a house in foreclosure?  The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell […]

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How to stay in my home after foreclosure in Colorado Springs

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose […]

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Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Colorado Springs Colorado? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source). […]

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Understanding the Foreclosure Process in CO

Understanding the foreclosure process in CO is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not […]

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