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Foreclosures & Short Sales in Colorado Springs, CO

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Foreclosures & Short Sales In Colorado Springs, CO
256 Properties Found
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Real Estate Statistics for Foreclosures & Short Sales

256
Homes Listed
112
Avg. Days on Site
$210
Avg. $ / Sq.Ft.
$366,401
Med. List Price

Colorado Springs Foreclosures and Short Sales for Sale

The Colorado Springs bank-owned and short-sale homes on this page are MLS listings you can tour and inspect. El Paso County's online trustee auction, held every Wednesday at 10 a.m., is a separate path with its own rules.

How many El Paso County foreclosures actually reach the auction?

More cases end early than sell. The El Paso County Public Trustee recorded 775 new foreclosure starts from January through September 2026, up from 732 in the same months of 2025. Over that stretch, the office recorded 279 sales, 414 withdrawals, and 69 cures.

The county logged 960 starts in all of 2025, far below its 2009 total of 5,288. Recent auction notices have included homes in 80916, 80918, and 80907. A home on the auction calendar can still drop off, because lenders pull bids late and the trustee posts its pre-sale list early Tuesday afternoon.

What does it take to bid at the El Paso County trustee sale?

When no outside bidder tops the lender, the lender often takes the home and lists it later as bank-owned. The county's auction rules show why many buyers wait for that listing.

  • Full deposit up front: Bidders deposit 100% of their highest planned bid by 4 p.m. the day before the auction, and all sales are final.
  • Prior liens stay: Title is subject to prior liens, and the trustee keeps no record of them, so the lien search falls on the bidder.
  • An 8-business-day wait: Title passes at the end of the 8th business day after the sale, or later if a junior lienholder files to redeem. Until then, the prior owner still owns the home.

Why can utilities hold up a bank-owned home in the city?

Vacant bank-owned homes often have gas, water, or power shut off. Without them, an inspector cannot run the furnace or pressure-test the plumbing. In the city, all three come from Colorado Springs Utilities, and on an REO, the bank usually has to start service.

Colorado Springs Utilities says business applications can take up to three days, and a field crew turn-on can add a fee. We ask that the utilities be turned on in writing once the contract is signed, then count those days against the inspection deadline. We also ask who pays to de-winterize the plumbing, and who re-winterizes it if you walk away.

Can we walk you through a Colorado Springs REO or short sale?

We handle REO and short-sale purchases across Colorado Springs, and we pull the property tax record from the El Paso County Treasurer early. A distressed home can carry unpaid taxes that the closing has to clear. Call or text 719-357-7366, and we can help with any foreclosure or short sale purchase.

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