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We hear a lot about “foreclosures” and buyers and investors looking for “foreclosures” and real estate agents advertising “foreclosures.” In fact, what most of these people are referring to are REO (real estate owned ) properties, that is, real estate owned by the bank. These are properties that have actually gone through the legal foreclosure [...]
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Real Properties in Colorado will be re-appraised this year, which happens every odd year. Property owners will be getting a notice of valuation by May 1st of this year. The new tax amounts will go into effect for the years 2009 and 2010 (payable in 2010 and 2011). Now, here’s the interesting part. We (property owners) [...]
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Year-end 2008 in the Montrose market was a happy surprise for me and my office. With the current state of the economy and the holiday season, I was expecting us to be quiet (that’s a euphemism for “dead”). But activity picked up, and the good news, is it has continued into the new year. It’s [...]
