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Colorado Springs , Colorado

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Are you looking for Colorado Springs real Estate?  This is the site with Homes for sale in Colorado Springs at your finger tips. Search the MLS, get great information regarding the sale of your home or for purchasing your new home. Learn about foreclosures and short-sale properties in Colorado Springs. I specialize in Residential properties for sale in Colorado Springs and the surrounding area.  Please take your time and browse this site for extensive Colorado Springs real estate resources.  Please sign up today for your list of foreclosures and bank owned homes.  I'm looking forward to being YOUR personal professional Realtor®.

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Short Sales in Colorado Springs and Beyond

I have a wealth of information about short-sales in Colorado Springs that you can receive.  Just fill in the information and I'll get right back to you.  I can provide a list of all short sales for sale and provide a checklist if you are considering selling using a short-sale.

 

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Hi and thank you for your interest.  My web site is expanding and is going to be including links to some excellent books and training material for buyers and sellers, so, check back often.  So, what is a short-sale?

My definition-  A sale where a seller is asking the lender that holds the note (sometimes multiple lenders and notes) to accept less than what is owed to them so that the property can be transferred to a new buyer.   Poor definition, but I'm trying to keep it simple.  The truth is if a short sale gets approved (more on this later) the buyer gets the property free and clear of any encumbrances from loans etc. prior to their own loan to purchase the property.  Why would a lender (bank) do this in the first place?

Let's take a moment to understand the mentality and process regarding short-sales.  Foreclosures are very expensive for a bank. www.dbcolorado.com/foreclosures.htm   The bank has large time issues where they are receiving no income from their investment.  Most foreclosures can take 6 months to a year to complete and then the market time to actually sell the house.  The condition of the property after foreclosure is typically run-down affecting the market value.  So foreclosures are very expensive.  Banks know just how much the average loss is so they can figure if a short-sale is beneficial to them or not based on the offer.  It's all about the bottom line.   I'll analyze the process for the seller and the buyer now.

Buyer short sale information- Short-sale buyers

Seller short sale information-Short-sale Sellers

Please visit this site often as I am just beginning to provide articles that relate to the market and the unique opportunities available.  This page will be expanding and I'll be writing an outline of the entire short-sale process soon.  Thanks for visiting.

mailto:dbryce@dbcolorado.com

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I know there are many web sites that feature Colorado Springs Real Estate and I'm glad you stopped by.

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You can search the MLS, find all homes for sale in Colorado Springs and look through great information

about the area, and search for foreclosures and bank owned properties.

 This site is always changing, so make sure and come back often.  I look forward to helping you

with all of your needs regarding  Colorado Springs Real Estate, Financing, Selling and Buying.  Check out

my site for some very unique information.  Thank you!!!

 

Send mail to info@dbcolorado.com with questions or comments about this web site.
Last modified: 08/24/10