Latest from Patricia
Market reports, buying and selling advice, and notes on Colorado Springs neighborhoods since 2008.
November 24, 2009 · Buying
If you plan on purchasing a home in foreclosure and do not plan on living in the home as your principal residence, you may be affected by the Colorado Foreclosure Protection Act. If a property falls under the Colorado…
October 29, 2009 · Buying
It is now official! The tax credit has been extended through June 30, 2010. Take a look below for the details: 1.) Home buyers who have lived in their home for five consecutive years over the past eight years qualify for…
September 24, 2009 · Buying
The first time home buyer tax credit is going to expire on November 30th, 2009. The credit may be extended and made available to all home buyers but nothing has been made official at this time. If you are a first time…
July 8, 2009 · News
As of July 1, 2009 all home sellers in Colorado Springs who have an appliance that operates from natural gas (i.e. furnace, water heater), are now required to have Carbon Monoxide Alarms installed within 15 feet of all…
April 29, 2009 · Buying
Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment choose to obtain down payment assistance from the Colorado Housing and Finance Authority (CHFA). Formerly, borrowers…
April 7, 2009 · Buying
Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment can receive down payment assistance from the Colorado Housing and Finance Authority (CHFA). CHFA now has a new home…
February 20, 2009 · Buying
Many investors have expressed frustration with only being allowed to finance a total of four investment properties. These restrictions have limited investors considerably and have resulted in many distressed properties…
February 18, 2009 · Buying
There is another advantage available to first time home buyers who purchase a home between January 1, 2009 and November 30, 2009. First time home buyers or buyers who have not owned a home in the last three years will…
September 15, 2008 · Buying
FHA currently requires a minimum down payment of 3% from home buyers and beginning January 1, 2009, FHA will increase the requirement to 3.5%. If you are in the process of purchasing a home in Colorado Springs, the loan…
August 7, 2008 · News
The Housing Stimulus Bill (The Housing and Economic Recovery Act of 2008) recently signed by President Bush, is expected to alleviate some of the turmoil surrounding the foreclosures bombarding the current real estate…
May 8, 2008 · News
There is no longer a redemption period for homeowners in Colorado Springs as of January 2008. In other words, once a Colorado Springs home goes to sale through the El Paso County Public Trustee and is sold to a buyer,…
March 31, 2008 · Buying
Great news! The FHA (Federal Housing Administration) Loan Limits increased on March 5, 2008 for this year to $325,000 for El Paso and Teller Counties. If you are looking to buy a home, now is a great time with the low…
