Say goodbye to Short Sale Benefits provided by the Federal Mortgage Forgiveness Debt Relief Act.
The Federal Mortgage Forgiveness Debt Relief Act of 2007 is saying goodbye to short sale benefits for homeowners on 12/31/2012. Our debt relief act gives every homeowner, who has had to pursue a foreclosure or a short sale, the ability to avoid having to pay taxes on the actual loss realized.
If you are thinking you need to do a short sale on your home or have decided on a foreclosure – don’t wait too long to get it done or you could find yourself facing an enormous tax bill that will have to be paid right away.
If you have a home that went thru the process of a short sale, the difference in what you owed on the home (plus foreclosure costs/legal fees) and what it sold for, is the amount that is considered by the IRS as normal income received by you. The lender reports this loss on a 1099 form to the IRS and sends it to you as well.
If you wait too long – on 12/31/2012, the lender’s right to make you pay taxes on the difference will be in effect once again.
The Mortgage Forgiveness Debt Relief Act was created to provide short sale benefits targeted to protect homeowners from incurring taxes on a home loss.
A short sale does take several months to complete – so if you need the short sale option – now is the time to act. Don’t lose out on the short sale benefits provided by the Debt Relief Act by waiting too long.
Do you need to sell your home thru the short sale process? Call me today for a free, no obligation, confidential analysis. 719-640-8648.
Colorado Springs Short Sale Realtors share short sale benefits
Colorado Springs Short Sale Home for Sale at 7325 Woody Creek Dr is available at a great value
Look at this Colorado Springs Short Sale Home for Sale at 7325 Woody Creek Drive…
Angel Realty, LLC, is offering this outstanding short sale value in the Fountain Valley area, just listed, at a great price – check out our MLS# 769439.
Just listed in Widefield – Colorado Springs Short Sale Homes for Sale – being sold in it’s “as is” condition. This is a home that requires little cosmetic fixing and is large enough to welcome family living.
7325 Woody Creek can be bought for some of the lowest interest rates available since 1930 – making it more affordable than renting.
7325 Woody Creek Dr, C/S, CO 80911
7325 Woody Creek Dr, C/S, CO 80911
This tri-level home is located in the Fountain Valley community of Widefield and is close to Fort Carson, Peterson AFB, I-25 and the Colorado Springs International Airport.
7325 Woody Creek Dr is located in Sierra Ridge, a neighborhood that boasts highly desirable grade schools and conveniently near the Mesa Ridge Shopping Center.
Colorado Springs Short Sale Home for sale at 7325 Woody Creek Dr is offering:
* Kitchen appliances
* Carpeted floors
* Ceiling fans
* Central Air Conditioning
* Generous back yard
7325 Woody Creek Dr, C/S, CO 80911
7325 Woody Creek Dr, C/S, CO 80911
Minutes from all the places you want to go, this low-priced Colorado Springs Short Sale Home for Sale is perfect for the first time home buyer or those looking for a great opportunity to buy right now. Call Charles Walk, your Colorado Springs Short Sale Agent Expert and Military Relocation resource, to see this excellent value at 719-640-8648.
Offered at $118,000
Colorado Springs Short Sale Homes for Sale
Colorado Springs Home Market Info for April takes a positive turn in 2012
Colorado Springs Home Market Info indicates a positive turn of events in April, with the numbers showing an increase in the “For Sale” inventory over March inventory.
Home sales show a favorable jump in most areas in April – signs show a decisive upward trend in sales for the Spring selling season for all homes for sale in Colorado Springs.
As your Colorado Springs Short Sale Agent and Military Relocation resource, you can count on current information and changes as they happen.
It is important to know the direction of the Colorado Springs Home Market Info inventory of “Homes For Sale”. Knowing if the market is expanding or contracting can help you keep a good eye on the pulse of the market.
Colorado Springs Home Market Info –For Sale 04/2012: 2200
- Average days on the market: 106
Price Range: $35,000 – $4,000,000
Homes sold in Colorado Springs in 04/2012: 1435
- Average days to sell: 91
Price Range: $15,000 – $1,665,000
Colorado Springs Short Sale homes for sale 04/2012: 167
- Average days on the market: 122
Price Range: $35,000 – $850,000
Short Sale Homes sold in 04/2012: 132
- Average days to sell: 151
Price Range: $55,000 – $1,200,000
Short Sale Homes Under Contract 04/2012: 320
- Average days on the market: 177
Price Range: $42,500 – $1,295,000
Homes Sold in Colorado Springs for April took a 220% jump over March home sales.
Colorado Springs Short Sale Homes for Sale decreased by 15%, while Short Sale Homes Sold increased by 215%.
Keeping track of market activity in Colorado Springs Home Market Info For Sale thru this report can help you determine the pace and direction of the housing recovery.
Take another look at the numbers in this Colorado Springs Home Market Info report for April – it has definitely turned positive. Continued low interest rates help stimulate buyer interest tremendously.
Colorado Springs Short Sale Agents can help you protect your interest in the market. Call me if you need short sale help. Choose an experienced Colorado Springs Short Sale Agent Realtor to give you the help you need to avoid foreclosure.
Colorado Springs Home Market Info
Colorado Springs Home Market Info indicates upward pace for March of 2012
Colorado Springs Home Market Info indicates an upward pace in March with the numbers showing an increase in the “For Sale” inventory over February inventory.
Home sales continues to show modest improvements in all areas in March – a positive sign for the Spring and summer selling season for homes for sale in Colorado Springs.
As your Colorado Springs Short Sale Agent and Military Relocation resource, I’ll continue bringing you the changes when they happen. Soldiers are continually moving their families in and out of Colorado Springs. For military relocation purposes, this information can be vital in their family planning. Colorado Springs Realtors are keeping you informed as changes happen -making your plans easier.
Knowing if the Colorado Springs Home Market Info inventory of “Homes For Sale” is expanding or contracting is important. The following numbers give a clearer picture of the behavior of the housing recovery in the Colorado Springs area.
Colorado Springs Home Market Info –For Sale 03/2012: 2156
- Average days on the market: 109
Price Range: $35,000 – $4,000,000
Homes sold in Colorado Springs CO in 03/2012: 444
- Average days to sell: 97
Price Range: $32,000 – $1,500,000
Colorado Springs Short Sale homes for sale 03/2012: 196
- Average days on the market: 126
Price Range: $40,000 – $950,000
Short Sale Homes sold in 03/2012: 42
- Average days to sell: 153
Price Range: $61,100 – $760,000
Short Sale Homes Under Contract 03/2012: 301
- Average days on the market: 175
Price Range: $42,500 – $1,295,000
Homes Sold in Colorado Springs CO for March showed a small increase over February home sales. Short Sale Homes Sold and Short Sale Homes Under Contract continue to be a notable part of overall area sales.
Keeping your finger on the pulse of the Colorado Springs homes for sale market thru this report gives you a look at the pace of housing recovery taking place. As a military retiree and your Military Relocation resource, living in Colorado Springs, keeping you knowledgeably informed is the goal.
Looks like we are getting that Colorado Springs selling season fully underway!
Colorado Springs Short Sale Agents can help you protect your interest in the market. Call me if you need short sale help. It is important that you choose an experienced Colorado Springs Realtor to represent your interests if you have to sell your home thru the short sale process to avoid foreclosure.
Colorado Springs Home Market Info
How can you know if you qualify for a VA loan in Colorado Springs?
As your Military Relocation Resource in Colorado Springs, I can help you determine if you have the option of purchasing a home with a VA loan. A VA loan gives you several strategic benefits that can help you attain home ownership. One of those benefits is the no down payment requirement. Another benefit is that there are no monthly mortgage insurance premium payments required.
VA eligibility guidelines lay out qualifying terms that can help you determine whether or not a VA loan can be a choice for you, as a would be homeowner who is actively engaged in the military.
VA guidelines lay out qualifying terms based on how long a veteran has served in the military:
- The Active duty vet must have served a minimum of two years to be eligible
- Veterans who have been discharged must have served a minimum of two years
- National Guard or those in the Reserve must serve six years to be eligible
- Military who have been called up to active war time duty must serve 90 days
If you are looking to take advantage of low interest rates and homes priced low enough to be more affordable than renting – give me a call. I can walk you thru the process to help you find the home you need, at the price you want, with a VA loan designed to ensure the most affordable payment terms you can rely on.
As your military relocation resource in Colorado Springs, and retired military, you can feel confident that your home search will be more than successful with me helping guide you through the home purchase and VA loan process.
Military Relocation Services
How can you know if you qualify for a VA loan?
Fort Carson Hospital Medical Clinic facilities are completed according to planned scheduling
Recent construction completion permits the Fort Carson Hospital to continue with the scheduled move of the medical clinic and its divisions. Soldiers, families( moving in and out of Colorado Springs) retirees and civilians all over the Pikes Peak Region should know about these changes occurring in 2012. As your Colorado Springs Short Sale Agent and Military Relocation resource, I will continue to monitor and report construction and relocation activity across Fort Carson for your convenience.
The Fort Carson Hospital Medical Clinic’s moves are part of a project that includes new construction, renovations and clinics moving in, out and around Evans Army Community Hospital (EACH). Clinics affected by this phase of the project are shown below along with projected move dates.
The Fort Carson Hospital continues to improve and expand its facilities to improve medical services to you, soldiers, retirees and civilians. As an Army retiree, your Colorado Springs Short Sale Agent and Military Relocation resource, you can expect updates on construction activity on military installations around the area.
Fort Carson Hospital Medical Clinic locations and move dates are important for your medical needs to be met.
If you are looking for Colorado Springs homes for sale, or you are considering the option of a short sale to avoid foreclosure, call me now for a free, no obligation, and confidential consultation/analysis.
Fort Carson Hospital
The Army Family Action Plan Conference presents 8 recommendations
The Army Family Action Plan (AFAP) is the Army’s process to identify and elevate the most significant quality of life issues impacting Soldiers (all services), Retirees, Department of Army (DA) Civilians, and Families to senior leaders for action. As your Military Relocation resource and Colorado Springs Short Sale Agent, I wanted to share this information with you.
The Army Family Action Plan conducted a workshop conference in February 2012 to examine survivor benefits and family per diem issues as a priority. Their recommendations were presented to the Chief of Staff of the Army, General Odierno, on March 2, 2012 in Arlington, VA.
1 – Survivor Investment of Military gratuity and Service Members’ Group Life Insurance.
Amend Heroes Earning Assist and Relief Tax Act (HEART Act) to extend the period recipients of death gratuity and SGLI funds have to deposit funds in Roth IRA or Coverdell Education Savings account to 24 months.
2 – Transportation and per diem for service member’s Family to attend family therapy sessions.
Authorize family members travel and per diem to accompany soldiers when receiving substance abuse or behavioral health treatment.
3 – Department of the Army Form 5893 “Soldier’s Medical Evaluation Board/Physical Evaluation Board Checklist” language clarification.
Modify the form to warn medically retired veterans of potential ramifications when receiving concurrent VA disability and Army retirement pay for medically retired veterans.
4 – Child, Youth and School Services facility-based programs, one-on-one assistance and reduced adult/child rations for children with special needs.
Determine appropriate level of care or staffing ratio based on the recommendations of the Special Needs Accommodation Process team.
5 – Identification card for Gold Star Lapel button recipients (tied with #4).
Create ID card that provides access to Army posts for those authorized to receive the Gold Star Lapel Button.
6 – Commissary, Armed Services Exchange and Morale, Welfare and Recreation privileges for honorable discharged disabled veterans with 10% or greater disability.
Give honorably discharged disabled veterans with 10% or greater disability authorization to use commissary, exchange and MWR benefits.
7 – Creditable civil service career tenure requirements for federally employed spouses of military service members and civilian federal employee.
Increase 30 day Creditable Civil Service Career Tenure Requirement Break to 180 days. This affects federally employed spouses of service members and civilian federal employees after resignation in conjunction with the relocation of their military or federal spouse.
8 – Retention of wounded, ill and injured service members to minimum retirement requirement.
Authorize wounded, ill and injured service members who have between 18 and 20 years of service to remain on active duty to reach the minimum retirement requirement.
Colorado Springs is home to service members, families, retirees and civilians – so the recommendations of the Army Family Action Plan are of interest to us all.
As a military retiree, your Colorado Springs Short Sale Realtor and Military Relocation resource, I offer my services and assistance to those struggling in today’s hard economic times. If you are considering the option of foreclosure or short sale, call me today for a free, no obligation, and confidential analysis of your home.
Any questions on the Army Family Action Plan? Just call.
Army Family Action Plan
March Colorado Springs Home Market Info – Home sales start on a positive note
Colorado Springs Home Market Info found “For Sale” inventories start March with promising numbers.
As Your Colorado Springs Short Sale Agent and Military Relocation resource, I continue to watch the market and share the research. Knowing when to put your home on the market or sit on the sidelines is an important factor for military relocation purposes.
Colorado Springs Home Market Info inventory of “For Sale” homes has been increasing, as you can determine from the numbers below. This is promising news for the upcoming spring selling season.
Colorado Springs home Market Info numbers are pointing in the upward direction at slow pace but still up!
Colorado Springs Home Market Info–For Sale 3/2012: 2150
Average days these homes have been on the market: 115
Price Range: $32,000 – $3,199,999
Homes sold in Colorado Springs CO in 3/2012: 84
Average days it took these homes to sell: 90
Price Range: $41,000 – $1,500,000
Colorado Springs Short Sale Homes for Sale 3/2012: 205
Average days on the market: 126
Price Range: $40,000 – $2,300,000
Short Sale Homes sold in 3/2012: 10
Average days it took these homes to sell: 131
Price Range: $64,500 – $263,500
Short Sale Homes Under Contract 3/2012: 279
Average days it on the market: 175
Price Range: $32,000 – $1,295,000
Over all, Homes Sold in Colorado Springs CO and Short Sale Homes Sold in March are keeping pace with February sales. Short Sale Homes Sold represents 12% of the homes sold in the first 9 days of March. Short Sale Homes Under Contract has increased by 11% since the end of February.
This Colorado Springs Home Market Info report gives you, as a buyer or seller, an indication of what to expect and how to plan your home sale or purchase in Colorado Springs.
As your Military Relocation resource and an Army retiree, living in Colorado Springs gives me a birdseye view of the housing market. As an expert Colorado Springs Short Sale Agent, you can know that I will perform the appropriate research necessary to price your home to sell quickly. Using an AVM Broker Price Opinion is an invaluable tool to help you with the sale of your home.
Is the March Colorado Springs Home Market Info report pointing to a full blown housing recovery? Let’s see what April brings.
Colorado Springs Home Market Info
Colorado Springs Home Market Info – Home sales continue to change in 02/2012
Colorado Springs Home Market Info found For Sale inventories continuing to gradually change each week.
Your Colorado Springs Short Sale Agent and Military Relocation resource is keeping an eye on the market. Keeping a close watch on the housing recovery for appropriate pricing is a critical part of my job. Knowing when to jump or stay put will help soldiers preparing to change duty assignments and move their families strategically.
It’s also important to know if the inventory of Colorado Springs home Market Info “for sales” is increasing or decreasing. Check the numbers below to find some important facts that can point to where the market appears to be heading in 2/2012. Colorado Springs home Market Info numbers show the real housing picture this week.
Colorado Springs home Market Info – For Sale in 01/2012: 3517
Average days these homes have been on the market:126
Price Range: $32,000 – $5,670,000
Homes sold in Colorado Springs CO in 02/2012: 212
Average days it took these homes to sell: 94
Price Range: $45,000 – $1,500,000
Colorado Springs Short Sale homes for sale in 02/2012: 201
Average days on the market: 124
Price Range: $40,000 – $2,300,000
Short Sale Homes sold in 02/2012: 24
Average days it took these homes to sell: 120
Price Range: $64,900 – $1,200,000
Colorado Springs home market info is a good check on the future of the housing recovery in the area. Colorado Springs continues to be a wonderful place to live, raise a family and retire. As your Military Relocation resource, I can help you make Colorado Springs your home. As an expert Colorado Springs Short Sale Agent, you can count on me having your back.
Colorado Springs Home Market Info
Colorado Springs Home Market Info – Home sales continue to change in 02/2012
Colorado Springs Home Market Info found For Sale inventories continuing to slowly change.
Your Colorado Springs Short Sale Agent and Military Relocation resource is keeping an eye on the market. Keeping a close watch on the housing recovery for appropriate pricing is a critical part of my job. Knowing when to jump or stay put will help soldiers preparing to change duty assignments and move their families strategically.
It’s also important to know if the inventory of Colorado Springs home Market Info “for sales” is increasing or decreasing. Check the numbers below to find some important facts that can point to where the market appears to be heading in 2/2012. Colorado Springs home Market Info numbers show the real housing picture.
Colorado Springs home Market Info – For Sale in 01/2012: 3517
Average days these homes have been on the market:126
Price Range: $32,000 – $5,670,000
Homes sold in Colorado Springs CO in 02/2012: 242
Average days it took these homes to sell: 98
Price Range: $28,000 – $905,000
Colorado Springs Short Sale homes for sale in 02/2012: 209
Average days on the market: 117
Price Range: $40,000 – $2,300,000
Short Sale Homes sold in 02/2012: 18
Average days it took these homes to sell: 120
Price Range: $64,900 – $899,000
Colorado Springs home market info is a good check on the future of the housing recovery in the area. Colorado Springs continues to be a wonderful place to live, raise a family and retire. As your Military Relocation resource, I can help you make Colorado Springs your home. As an expert Colorado Springs Short Sale Agent, you can count on me having your back.
Colorado Springs Home Market Info
Home Loan Guarantee | Vets Cheated by Lenders
The VA Home Loan Guarantee is offered to soldiers and retirees by the Department of Veterans Affairs. As your Colorado Springs Short Sale Agent and Military Relocation resource, I think you need to know about legal events taking place that may affect mortgage costs. Some Lenders have been caught charging fraudulent fees to the VA Home Loan Guarantee Program.
A lawsuit that was filed in 2006 by two mortgage brokers was unsealed in federal court on Tuesday in Atlanta, GA. The lawsuit claims that 13 banks and mortgage firms overcharged veterans applying for special home loans guaranteed by the VA. Under the Federal Claims Act, Lenders can charge “reasonable and customary fees and taxes”, but not attorneys’ fees and settlement closing cost.
The Lenders bypassed the rule for the VA Home Loan Guarantee Program by hiding attorneys’ fees as title examination or title search fees. The whistleblower lawsuit claimed that veterans were charged these excessive and illegal fees at closing. The list of firms included Wells Fargo, JPMorgan Chase & Co, GMAC Mortgage Corp and Bank of America. The lawsuit seeks to recover damages and penalties on behalf of the federal government.
With more that 1.2 million refinanced loans to veterans over the past 10 years, more than 90% of them involved alleged fraud. Lenders collected $300 to $1,000 for each closing. It is too early to know how this lawsuit will affect other veteran homeowners. However, future closings will undergo added scrutiny of closing costs during the closing process.
VA Home loan Guarantee results in Vets being defrauded for 10 years. Outrageous. The money should be returned with 10 years of interest at 10% to each Vet. This won’t happen to you on my watch.
Are you considering selling your home thru the short sale process? In today’s market, professional experience and dedication can insure that you have the best representation possible . As a trained Colorado Springs Short Sale Agent – any consultation is free, under no obligation, and confidential. Are you looking for a Military Relocation Specialist? Call me today to get started.
VA Home Loan Guarantee
