Steamboat Real Estate Home Search and Blog

PRICE REDUCED!  BANK OWNED DUPLEX LOT IN THE DESIRABLE BLUE SAGE NEIGHBORHOOD IS NOW ONLY $172,850  This price is 67% OFF LAST SALE IN 2007 OF $525,000.  Call 970-819-6372 for details. $182,850 – Residential Lots & Land, 1331 Blue Sage Drive in the Fish Creek area of Steamboat Springs MLS No. 132278 Listing Description It’s time [...]

There are plenty of foreclosure search sites out there—sites like UltraForeclosures.com–where buyers search for information about Steamboat foreclosures.   Unfortunately, these sites are not very helpful because they are offering old information or they offer just enough teaser information to get people to pay their subscription fee.   These websites are not in the business [...]

Fannie Mae-owned homes are some of the best values in Steamboat Springs right now for a variety of reasons.  If you purchase one of these Fannie Mae homes as your primary residence, you only have to put 3% down and Fannie Mae will pay 3.5% toward your closing costs.  If you are looking for a [...]

A buyer called the other day looking to buy Steamboat real estate.  He’s like many buyers today who sat on the sidelines while prices skyrocketed out of control, and now sees a chance to own a second home in Steamboat. He’s a cash buyer who reads the papers and considers himself pretty informed when it [...]

As if the housing market doesn’t have enough problems, the “robo-signing” controversy promises to complicate foreclosures even more. The robo-signing controversy alleges that Bank of America, GMAC Mortage and JP Morgan Chase signed foreclosure documents without reviewing them.   Some of these bank employees said they signed up to 8000 documents a month, which breaks down [...]

A buyer called the other day who is looking to buy Steamboat real estate.  When I asked him to tell me more, he said, “I want to buy a foreclosure.”   I should have guessed, because that’s what everyone is looking for these days. Buyers think the best prices and best deals in Steamboat are bank-owned [...]

Steamboat Springs foreclosures seem to be the holy grail for Steamboat real estate buyers.   The reality here in Routt County is that you’ll have to go to Hayden or Oak Creek to have a big selection of bank-owned properties.   If you want to look at bank-owned properties in Steamboat, you’ll look at entry-level condos. Routt [...]

If you are thinking about buying a second home and want a really good price, you might want to consider Fannie Mae owned properties. Fannie Mae is the “quasi” government agency that happens to be the biggest provider of mortgage money in the US, and they are stuck holding a lot of real estate inventory—some [...]

This Bank-Owned Cascades townhome is one of the best buys for Steamboat real estate on the market.  The price is hundreds of thousands of dollars less than other Cascades townhomes on the market.  Price includes all utilities including a washer and dryer.  A little paint, new carpet, and furniture will give the buyer of this [...]

60 Minutes–Mortgages: Walking Away An interesting video on whether walking away from a mortgage one can afford is a practical–or unethical–thing to do.  Comments?