The only option is to buy sight unseen at foreclosure auctions. Your local county courthouse should have information about when those are held.
If you want to see what you're buying and have it inspected, you cannot take the agent out of the process. Banks don't sell houses. They need someone involved who knows what they're doing and can deal with basic things like keeping the grass cut.... more
Are you buying or selling? If you're the buyer, ask your agent to ask the listing agent for them. Per contract, seller is required to give you HOA docs. The title company can sometimes supply them too. If you are the seller....call your HOA management company.... more
Your realtor should be telling you when the paper work is due to the new buyer. There are time frames in which different paper work is due. Its best to give documents like that as soon as they can be given, this way there is no surprises down the road that upsets the buyer and makes them walk away... also have a real estate attorney for the details when it comes time to sign contracts so your protected.... more
This is definitely year around living.....but we have four seasons and you need to be prepared for that in all of your activities. Today I left the house in a light jacket and by the time I returned home it was pouring snow! Springtime in the Rockies!... more
Very simplistically, the difference is that the owner or seller is the bank. Some, all or none of your rent payment goes to the loan or down payment, interest rate is typically higher for a rent to own, you would usually have less documentation process with rent to own. Often a short term arrangement until you get a standard loan and purchase. And, if you default often there is no credit reporting. Its important for you to seek legal counsel to review the documents at the very least. You do not own the property, you are renting.
With a "typical" mortgage, buyer goes through purchase process and lending process and once you close on the sale, your payments go to the mortgage. If you are late, or default, the credit reporting process proceeds as with any other default. On the upside, if you pay well and stay on track your credit report gets stronger showing that you are able to handle your debt well. But, you own the property.
With a rent to own the owner sets the rules with a typical mortgage the lender and govt sets the rules and regulations.
If the owner has a loan on the property and enters into a rent to own or "owner carry" type situation, his lender can call the note due. Again, seek legal counsel as you need to protect yourself in case the seller is less that honest.... more
I have a lot in Divide...for sale by owner... 2 acres just north of Hwy 24. Lot is located in a subdivision without covenants & restrictions & there are homes & trailers mixed in there. It's still a nice looking neighborhood & would meet your needs. Has lots of trees & a level area off the road for a house, garage, etc. Slopes down to a ravine toward the back of the property. Very nice.. Please contact me at email@example.com. Just recently took it off the market & still interested in selling.... more
According to MLS, the property is on a municipal water system and has a septic tank. Taxes are $161.80 per the assessor's office.It is a HUD owned property. You can view the property at www.hudhomestore.com and view any property condition reports there and maybe glean a little more info. Enter the property address and once the property comes up you can click on the Addendums tab and you'll find addl. info there.... more
Highland Meadows' rules on animals is as follows: No animals or livestock of any kind shall be kept, housed, or raised on any lot, except those which are commonly accepted as domestic pets and horses. This is coming from the covenants dated 2005.... more
Mmmmm every agent's dream....a double ended deal! :) You need to check your Exclusive Right-To-Sell Listing Contract. If the Seller Agency box is checked at the top and the box in 220.127.116.11 (Seller Agency Unless Brokerage Relationship with Both) is unchecked, then your agent can only represent you....but they can work with the buyer as a Customer. Definition of Customer: "A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the partyâ€™s agent or as the partyâ€™s transaction-broker." The Broker is obligated to disclose to that Customer their relationship to you, the Seller. I understand your concerns because in a Transaction Brokerage situation, the agent must remain neutral advocating for neither party. Some are good at this and some are not. Clarify the status of your Agency relationship with your broker and go from there.... more
This area (Teller county) is very near the Waldo Canyon fire certainly but not "in" it. We've had several smaller fires in the area due to drought but residents have been very diligent in reporting to keep our beautiful area beautiful.... more