Hault on Foreclosures?
Citigroup unveiled a housing relief program last week. The plan includes contacting appx. 500,000 b
orrowers who live in areas of Extreme Distress, focusing on areas with falling home prices and rising unemployment. The six states it will focus on are Arizona, California, Florida, Indiana, Michigan and Ohio., NOT Colorado
Moratorium on Foreclosure?
It has also extended a moratorium on foreclosures; and has said they won't begin or complete a foreclosure sale on a home on which it owns the mortgage if the borrower wants to stay in the home which is his or her principal residence. I wasn't able to find out if this halt in foreclosures applies to home owners in all states, or just the 6 states listed above. One important caveat to note, the program only covers loans that Citigroup owns, but they have said they are working with investors to apply the program to other loans that the company does not own but services.
Both Bank of America and J.P. Morgan Chase have also announced programs to help home owners facing foreclosure. Wells Fargo, which recently purchased Wachavioa, has not announced a similar initiative.
As part of writing this article, I went to Citigroup's web site; but couldn't find any type of press release that confirmed the details above; but I did find plenty of related articles on Google. One article in the Wall Street Journal stated that borrowers whose mortgage are more than 40% of their income may get their mortgage payments reduced by Citigroup.
I have a variety of clients who are delinquent on their home loans; and several of them would prefer to work out some type of temporary debt relief vs. having their home go into foreclosure or doing a short-sale It's been challenging for them to get to right person; as the same person that has hounded them on the phone about their past due mortgage, is not the same person who can help modify their loan. I'm hopeful that with Citigroup's new plan and some of the other plans being introduced by lenders; it will start to provide some relief for some homeowners.
The original article was posted on Colorado Springs Vintage Homes
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Selling Real Estate in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
Posted by Kathy Torline
Real Estate Market Report for Vista Grande
Single Family Homes
Single Family Homes in Vista Grande were primarily built in the 1970's. The majority of the houses are ranches, bi-levels, and tri-levels with 3 to 4 bedrooms, 2 baths, and 1 - 2 car garages. The average home has appx. 1750 to 2,250 square footage. The absorption rate of 4.6 houses per month shows that there is a 5.43 month supply of houses on the market; the housing market is currently a BUYERS/NEUTRAL MARKET in this area.
Vista Grande homes are :
Vista Grande Homes:
Recap of October Home Activity in Vista Grande in Colorado Springs
Recap of 1-1-08 to 10-31-08 Activity in Vista Grande
Current Report as of 11-16-08 in Vista Grande
Related posts:
This Colorado Springs Real Estate report contains information on Single Family homes in Vista Grande
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 Real Estate in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
Posted by Kathy Torline
Real Estate Market Report for Vista Grande Terrace
Single Family Homes
Single Family Homes in Vista Grande Terrace were primarily built in the 1970's. The majority of the houses are ranches, bi-levels, and tri-levels with 3 to 4 bedrooms, 2 baths, and 1 - 2 car garages. The average home has appx. 1750 to 2,250 square footage. The absorption rate of 7.8 houses per month shows that there is a 1.3 month supply of houses on the market; the housing market is currently a BUYERS/NEUTRAL MARKET in this area.
Vista Grande Terrace homes are :
Vista Grande Terrace Homes:
Recap of October Home Activity in Vista Grande Terrace in Colorado Springs
Recap of 1-1-08 to 10-31-08 Activity in Vista Grande Terrace
Current Report as of 11-16-08 in Vista Grande Terrace
Related Posts:
This Colorado Springs Real Estate report contains information on Single Family homes in Vista Grande Terrace.
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 Real Estate in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
Posted by Kathy Torline
Village Seven
Single Family Homes
Single Family Homes in Village Seven were primarily built in the 1970's. The majority of the houses are ranches, bi-levels, and tri-levels with 3 to 5 bedrooms, 2 baths, and 2 car garages. The average home has appx. 1750 to 2500 square footage. The absorption rate of 4.1 houses per month shows that there is a 2.9 month supply of houses on the market; the housing market is currently a BUYERS/NEUTRAL MARKET in this area.
Village Seven homes are:
Located in District 11 schools
Village Seven Homes:
Recap of October Home Activity in Village Seven in Colorado Springs
Recap of 1-1-08 to 10-31-08 Activity in Village Seven
Current Report as of 11-16-08 in Village Seven
This Colorado Springs Real Estate report contains information on Single Family homes in Village Seven.
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 Real Estate in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
Posted by Kathy Torline
Homes in Colorado Springs
Market information for Active Homes in Northgate As of 11-17-08
Related Posts:
Active as of 11-17-08: 364 
Active homes for sale as of 11-17-08:
Partial list of Foreclosed homes currently on the market
|
Address |
PT |
Br/Ba/G |
FLR |
YB |
Fin SQ |
Tot SQ |
LP |
CDOM |
|
PAT |
3,3,2 |
RAN |
2004 |
2,994 |
3,168 |
$265,900 |
35 |
|
|
PAT |
3,3,2 |
RAN |
2005 |
3,088 |
3,168 |
$266,000 |
193 |
|
|
PAT |
4,3,2 |
RAN |
2007 |
3,161 |
3,327 |
$275,500 |
207 |
|
|
SIF |
4,3,3 |
RAN |
2006 |
2,498 |
2,629 |
$299,900 |
76 |
|
|
SIF |
4,3,3 |
RAN |
2005 |
2,551 |
2,590 |
$310,000 |
84 |
|
|
SIF |
4,3,3 |
RAN |
2006 |
3,515 |
3,700 |
$385,000 |
54 |
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
Posted by Kathy Torline - Nordstrom
KAT, A Colorado Springs Real Estate Agent You Can Trust
Selling Real Estate in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Woodland Park, Palmer Lake
www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
 |
|
|
Kathy Torline - Nordstrom, KAT, An Expert You Can Trust Selling Real Estate in the entire Pikes Peak area www.ColoradoSpringsVintageHomes.com & www.KathyTorline.com
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