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Archive for 'Foreclosures'

Routt County Foreclosure Trends for June 2010

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 [...]

Fannie Mae Bank-Owned Deals in Steamboat

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 [...]

Bank-Owned Cascades Townhome for $425,000

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 [...]

Underwater Mortgages Video

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?

Half of Homes Sold are Foreclosures and Short Sales

It’s true.  Half the homes sold nationally are short sales and foreclosures.  Here in Steamboat, only 22% of the homes sold in 2010 have been short sales and foreclosures. (And 30% of those were Sunray Meadows condos.) The fact that Steamboat real estate sales had a lot less foreclosures and short sales than the rest [...]

Steamboat Springs Foreclosures

Steamboat Springs foreclosures are getting a lot of attention from buyers looking for the best deal in real estate.  There is no doubt the number of bank-owned homes in Steamboat is rising, but the reality is that they are still a small percentage of the total Steamboat real estate market. Click here to see all [...]