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- 37963 County Road 17, Elizabeth, CO 80107
- 4896 South Dudley Street, Denver Colorado 80123
- 10427 Longleaf Drive, Parker CO 80134
- 15896 Quarry Hill Drive, Parker CO 80134
- 7995 S. Roslyn Way, Centennial, CO 80112
- 1067 Ridge Oaks Drive, Castle Rock, CO
- 9674 Deerhorn Court in Parker
- 5055 Miriam Lane, Parker CO 80134
- 41456 Farmhouse Circle, Parker CO
- 6251 Westview Circle in Parker
- 10668 Stone Creek Ct. Parker CO 80134
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VIDEO-7995 S. Roslyn Way, Centennial, CO 80112
Jan 30th 11
Asking Price $295,000
Over 2,300 SQFT with 4 bedrooms & 3 bathrooms.
Call Steve & 303-941-4663
15896 Quarry Hill Drive – Stonegate Homes For Sale
Nov 28th 10
Asking Price $337,000
Bedrooms 4
Bathrooms 3
How To Buy A Foreclosed Home in Parker Colorado
Oct 26th 10
Here is a Top 5 in Real Estate video on “How to buy a foreclosed home. ”
Common Foreclosure and Short Sale Terms-Parker Colorado
Oct 12th 10
Parker Colorado Short Sales and Foreclosures
Understanding the terms used in foreclosure.
Every Parker, Colorado homeowner facing a possible short sale or foreclosure needs to know this information about options and possibilities that can help you take control of your situation.
Too often in Parker and Douglas County Colorado I see homeowners to ashamed or embarrassed to seek out help before it’s too late. Don’t let your home go to foreclosure when there may be another option to get you out in one piece. Short Sale.
When homeowners are facing hard times and need to consider a work out with their mortgage lender there are a number of directions that can be taken. Understanding the terms associated with those options is critical if you are going to begin discussions with your lender.
There are two roads you can take when doing a work out with your lender.
Options when you can keep your home.
Reinstatement or Cure:
Your lender may allow you to make a lump sum payment to bring your mortgage current if you can show that funds from a tax return, bonus, or other source may be available in the near future. Many homeowners facing a family hardship typically do not have this option available to them.
- Get Help With your Colorado Foreclosure.
- Colorado Foreclosure time line.
- I can’t make my mortgage payments so what now?
- Find out the market value of your property now.
- How do I Price My Colorado Short Sale ?
- Short Sale Scams in Parker Colorado
Forbearance:
When a hardship has been overcome and the borrower’s income has returned, a forbearance may be available from their lender. This forbearance provides for the borrower to restart making the original payments on the existing note. An additional fee is added to the base payment in an effort to repay the delinquent principal and interest to the lender. This added payment can be added for a period of a few months to a few years depending on the amount of the deficiency and the ability of the borrower to repay.
Partial Claim:
This remedy is only available for an FHA insured loan. HUD/FHA has a provision which provides a onetime relief for the borrower to agree to an interest free loan for the deficiency amount. This loan is a second position note and does not have to be repaid until the property sells and the original FHA loan is paid.
Loan Modification:
The primary loan modification program in place today is the Making Homes Affordable program. This program is administered by HUD and provides incentives to the lender to modify federally insured & guaranteed loans (FHA & VA). The arm of this program associated with moan modification is called Home Affordable Modification Program or HAMP. Typically a HAMP modification will require the borrower to enter into a temporary arrangement with the bank to modify the mortgage for a period of typically 9 months. If the borrower is able to comply with the temporary program thy may be permitted to enter a permanent modification on their original loan. The borrower must be employed and able to show a verifiable income and the ability to pay to be accepted into this program.
Options when you cannot keep your home.
Foreclosure:
A foreclosure is the end result of the process the lender takes to recover the property after a loan default and all the legal remedies have been exhausted. The foreclosure will result in the most negative impact on the borrower’s credit and remains on his credit report for a period of up to seven years. The foreclosure also does not restrict the lender from perusing a deficiency judgment against the borrower for any deficiency left on the loan after they resell the property and all the fees and expenses have been paid. The only relief the borrower would have from this judgment would be bankruptcy.
Deed in Lieu of Foreclosure:
A remedy offered from the lender to the borrower in a situation where the lender is perusing a foreclosure on the borrower’s property. The Deed in Lieu of foreclosure gives immediate title and possession to the property to the lender so they can begin marketing it for sale. The benefit to the borrower is that, if they leave the property in good condition, the lender can pay them for some or all of their moving expenses and agree not to file a deficiency judgment against them personally.
Short Sale:
A very commonly used vehicle to provide for the sale of the property to a new buyer before the lender takes back the property through the foreclosure process. Most lenders have become very receptive to working with the borrower and their Realtor to facilitate the short sales so they are not additionally burdened by an increase to the number of properties they now own and are trying to sell in this market. The short sale will cancel any foreclosure action by the bank and typically provide for a quicker credit recovery for the borrower.
Short sales are a specialized form of real estate transaction. A homeowner should work with an experienced and qualified Realtor who specializes in this type of transaction. Your Realtor and their staff will insure that all of the elements of this transaction will take place properly.
20949 Woodside in Parker CO. $260,000. Great ranch with a three car garage.
Oct 8th 10
Steve Beam
303-941-4663
[email protected]
Sent from my iPhone
How do I price my short sale home in Colorado?
Oct 5th 10
Foreclosure and short sale help.
Price it right with a short sale
There are many challenges facing the Colorado homeowner or investor who needs to sell their personal residence or income property in today’s market.
We are presently experiencing one of the greatest reductions in market value in recent history. It no longer matters what you paid or what you currently owe on your property. The present value is only dictated by what a buyer is willing to pay for that property in today’s market.
In an ideal world a seller would enjoy an offer on their property which would fulfill the payoff requirements of the lien holders as well as pay all the typical seller’s closing costs and hopefully put a few dollars into their pocket. Unless there is substantial equity in the property, in the real world today that is not the typical situation sellers are facing.
- Get Help With your Colorado Foreclosure.
- Colorado Foreclosure time line.
- I can’t make my mortgage payments so what now?
- Find out the market value of your property now.
Because of the flood of foreclosures and bank owned (REO) properties on the Colorado housing market today’s buyers are looking for a “deal”. Don’t be disheartened, there are many buyers in the market today and the savvy buyer knows that it is not necessary to pay a full retail value for a property.
A short pay or short sale may be available to a seller if a hardship can be established limiting the seller’s ability to continue to make their mortgage payments. Depending on the type of loan and federal requirements on certain types of loans short sales are available to most borrowers in today’s market.
The value of a property involved in a short sale is not determined by the price the borrower originally paid or the outstanding balance on the current loan. The present market value, determined by a current appraisal or BPO ordered by the lender, is how the value of the property is determined. This Present Market Value is generally below the loan balance owed to the lender and hence the lender will accept a short pay or short sale on their loan balance.
If you are facing a financial hardship, brought on by a job loss, illness or other family hardship, consider a short sale with your lender to provide relief from your high, unaffordable mortgage payments.
Land For Sale in Elizabeth Colorado
Oct 4th 10
Elizabeth Colorado Land for Sale
Elizabeth Colorado Land for Sale
Just North of the town of Elizabeth, Colorado on County Road 17 you can see this beautiful rolling land.
Over 36 acres that is fenced and crossed fenced ready for your horses. There is a small home with 3 bedrooms and 1 bathroom. There is over 1,176 square feet and a two car attached garage. The surrounding rolling hills and views are beautiful.
MLS # 903922
Price $269,000
37963 County Road 17, Elizabeth, CO 80107
Download a FULL MLS Sheet Here
Westcliffe Colorado 42 Acres and Beautiful Custom Home For Sale or Trade
Sep 20th 10
See Video below. of 400 Ridge Road in Westcliff Colorado.
Owner will consider a trade for this property. If you have a lakehouse or property with water access this might be an option for you. Property must be located in the West preferably in Colorado but not a must. Call Steven Beam for details. 303-941-4663 begin_of_the_skype_highlighting 303-941-4663 end_of_the_skype_highlighting.
Priced at $799,000.
$799,000 – Owner will trade this house for a lakehouse! Home with 42 acres in Westcliffe Colorado. Spectacular long range mountain views! There is no detail left out in this amazing “KING of the HILL” property. This home was custom built in 2008 and has 3 bedrooms each with it’s own full bathroom. Wide open granite kitchen that looks into the dining room and open two story family room. On the second floor there is a beautiful loft overlooking the main level that is currently being used at a game room. There is a large 3 car attached garage and a massive unfinished room above the 3 car garage.
Parker Colorado Townhome For Sale
Sep 3rd 10
19440 East Mann Creek Dr, Parker Colorado
19440 East Mann Creek is located right in the middle of Parker, Colorado. Parker Colorado is located in Douglas County Colorado. A better location with the amenities this townhome comes with would be hard to find. This Parker townhome has been remodeled and updated so walk in and expect to see a super clean home filled with new surfaces and flooring.
Here is a link to the MLS sheet. If you have problems here just email Steve and I ask for a PDF file of this wonderful home and I will shoot you an email with the file. You can always call too. 303-941-4663.
See the PHOTOS HERE
HOA Covered Amenities: CHECK THIS OUT!
- Community Pool
- Trash & Snow removal
- Water and Sewer
- Grounds maintenance
- Tennis Courts
- Clubhouse with Fitness Room
- Exterior building maintenance including the roof.
-
Asking Price is $157,000
Living Room Photos
- Living Sqft 1052
- Attached 1 car garage
- Balcony overlooking green space.
- Reserved Guest Parking
- Built in 1998
- 2 Bedrooms
- 2 Bathrooms
Just to give you an idea this town home in Parker Colorado is located just south of what will soon be the Hess Road cut through to I-25 so this means direct access to I-25, Sky Ridge Hospital, and the DTC. No more dealing with Lincoln Ave and Parker Road.
The grounds are perfectly and professionally maintained. The exterior building maintenance is also perfectly and professionally maintained. So, there is nothing to do but move in and enjoy.
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Home for Sale-4056 South Atchison Way, Aurora, CO $197,000
Aug 9th 10
4056 South Atchison Way, Aurora, CO 80014
Home for Sale
$197,000
4056 South Atchison Way, Aurora CO
Check out the Video below!
- 3 Bedrooms, 3 bathrooms.
- Unfinished basement
- 2117 Sqft.
- Cherry Creek Schools
- Formal dining room.
- Here is the MLS Sheet
- Need to Contact Steven Beam? Click Here!
Click here to see 4054 South Atchison Way that is next door. This home is also for sale.
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