I received the above cartoon in an email earlier today, and it got me thinking about foreclosures in Colorado Springs and the extended effect it has on our lives. I started thinking about the ripple affect of foreclosures in our community...

First, foreclosure will directly affect the homeowner who lost their Colorado Springs home to foreclosure. They lose their home. They ruin their credit. And in most cases homeowners who lose their home to foreclosure, also take a HUGE emotional hit.

Next, the bank who reclaims the home, will sell it at a loss and create extremely stiff price competition for other homeowners in the area looking to sell THEIR home.

While it sits there waiting to sell, the home sits there empty, almost abandoned, and in varied states of disrepair. In many cases the lawn becomes overgrown and the home takes on a disheveled look ... making it only sit on the market longer ... and making it only more of an eyesore to the immediate Colorado Springs neighborhood that it lives in. ... Kind of like a market-induced haunted house.

As local Colorado Springs Realtors®, we don't want a community of foreclosed homes. We want happy homeowners.

So, if you are a homeowner facing foreclosure, you have options that can help you AVOID foreclosure (and help keep your house from becoming "haunted"), and we can help. You can contact us at 719.434.7525 for more information on how we can help you.

Read More: Colorado Springs Home Owners Beware of Foreclosure Assistance SCAMS

Or, if you are looking ot BUY a Foreclosure Home in Colorado Springs, and help more homes avoid becoming "haunted" ... let us know. We put together weekly "Foreclosure Best Buy" lists, and would be happy to share them with you. ( You can send your request to team@wagneriteam.com )

Either way, let's help keep the foreclosure homes - Haunted Houses - out of Colorado Springs.

Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Clients Choice Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Certified Distressed Property Foreclosure Experts
(719) 434-7525