Aside from increasing your housing options, considering distressed properties additional benefits as well. In areas where affordability is low and choices are limited, buyers – first timers or not – may be surprised at the advantages of considering distressed homes. Distressed homes that are for sale not because the owner wants to sell, but because […]
About Ken Blevins
Ken Blevins, CEO of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 24 years of experience in collections, foreclosure/bankruptcy, loss mitigation and real estate disposition (REO). Blevins was an original co-founder of Metrowest in 2003, a Real Estate Brokerage and Services Company focused on the resale, recovery and liquidation of distressed real estate in Denver, Colorado and surrounding metros. Blevins assumed the role of CEO in January 2014 and provides strategic direction and has management accountability for the day-to-day operations. Under his direction, Blevins drives all default management operations to maximize asset value recovery and reduce loss severity through a strategy focused on customer service and state of the art technology. Blevins has 18 years of direct operational experience in all facets of REO Asset Management having managed large national REO Disposition contracts for Fannie Mae, Freddie Mac, Wells Fargo, JP Morgan Chase, CitiFinancial, GMAC Mortgage and other various financial institutions. Blevins specialties include REO asset management, real estate investment, bulk REO acquisitions and distressed asset recovery and liquidation, and he has directed the resolution and liquidation of over ten billion in institutionally-owned residential real estate.Author Archive | Ken Blevins
The Pros and Cons of Buying a Short Sale
Many buyers see a home listed as a short sale and immediately cross it off the list. But if you educate yourself on the process of buying a short sale, you might be surprised to find out it’s not the nightmare-ish experience you may have heard about. A short sale is when a homeowner wants […]
Why You Should Consider Buying a Bank Owned Home
If you’re considering distressed properties in your home search, chances are you’ve heard of several types including foreclosures, short sales, and bank-owned or real-estate owned (REO) homes. It’s possible to get a great deal on distressed properties, but REO properties, in particular, come with a unique set of benefits. Read on to see if this […]
Financing Options for HUD Homes
Expanding your home search options to include HUD homes can open a world of possibilities, especially in areas where inventory is low and demand is high. A HUD home is when a government-insured loan from the Federal Housing Administration (FHA) gets foreclosed and the Department of Housing and Urban Development (HUD) pays the defaulted loan […]
5 Steps for Buying a Foreclosure
Many people consider distressed housing as part of their home search options, especially in very competitive areas or those with lower housing inventories. If you’re thinking of expanding your search to include foreclosed homes, it’s possible to find a great value. That is if you know what to expect. Check out the five steps below […]
The Pros of Buying an REO Property
Whether you’re looking for an investment property or a new place to call home, an REO property (real estate owned) may be the perfect option for you. Real Estate Owned properties are properties owned by a bank. These properties have gone through the foreclosure process, but no one successfully bid on them for purchase. There […]
Helpful Tips if you’re Considering Purchasing a HUD Home
Inventory is slowing creeping up in the Denver metro area, but affordability concerns still remain. For this reason, many house hunters – especially first time buyers – are considering adding HUD homes to their search options. A HUD home a house that was purchased with an FHA loan that has since fallen into foreclosure. It’s […]
What to Know if You’re Considering Distressed Properties
While the number of distressed properties isn’t nearly as large as it used to be, areas with rising home costs and low inventory have many homebuyers seeking more affordable options for purchasing their dream home. In areas experiencing high growth, a distressed property could be a great alternative. Distressed properties typically fall into three categories: […]
Keep these Tips in Mind when Considering a HUD Home
The reputation of HUD homes hasn’t been great since the housing bust of 2008. And while this type of housing can be greatly misunderstood, HUD homes and other types of foreclosures can actually be a great deal, especially in areas where inventory is low and prices are high. Many people are wary of purchasing HUD […]
3 Foreclosure Myths you need to Forget
With so much conflicting information on buying a foreclosure property, it’s no wonder potential buyers are wary of including these homes in their search. Maybe you’ve heard only horror stories of buying a foreclosure, but the truth is that buying these types of properties doesn’t have to be a negative experience. Don’t believe us? Read […]
