Foreclosure homes aren’t flooding the market nearly as much as they were ten years ago, but they do still occur and they can be a great way for buyers to break into homeownership in competitive areas like Denver. While it’s true that buying a foreclosure is a little different than a regular home purchase, it’s […]
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
Do I have to Use Cash to Buy a Distressed Property?
Many people are wary of purchasing distressed properties because they think they have to pay in cash. However, that’s not always the case. Here we’ll explore non-cash financing options for different types of distressed housing that makes purchasing this type of property much more manageable. Buying a real estate owned (REO) home with a conventional […]
What First-Time Buyers Should Know About Buying an REO Property
If you’re a homebuyer on a budget, buying a distressed property such as an REO could be a great option for you. Here we’ll provide an overview of what REO properties are and what you need to know before determining if this property is right for you. REO stands for “real estate owned” and these […]
Perks of Buying a HUD Home
Many people looking to score a deal while house hunting choose to consider including HUD homes in their searches. There are a lot of perks in going this route, but only if you truly understand the process. So what exactly is a HUD home? In the simplest of terms, a HUD home is a property […]
What you Should and Shouldn’t Do When Buying a Distressed Property
Buying a distressed property is appealing for all kinds of reasons. First, it may be a great bargain. Secondly, it gives people the opportunity to afford homes in areas they may otherwise not be able to. There are advantages and disadvantages to buying a distressed home, but it may not be as challenging or difficult […]
What are the Advantages of Buying Distressed Properties?
There are several types of distressed properties that potential buyers might include in their housing search options and each has its own distinct benefits. Here we’ll take a look at various types of distressed housing and the advantages that come along with them. Pre-Foreclosure/Notice of Default (NOD) Seller will be motivated for a fast sale, […]
What you Need to do Before Buying a Short Sale
Buyers pursue short sales for two primary reasons: firstly, they genuinely like the house and secondly, to get a good deal. The biggest drawback to this type of transaction is the time it takes to close – the term “short sale” is a bit misleading in this regard. But if you’ve got a flexible timeline, […]
The Good and Bad Sides of Buying a Distressed Property
In densely populated areas or markets with a lot of competition, would-be home buyers often add distressed properties to their searches to help expand their housing options. Distressed properties can be a great value and investment, but it’s important to understand what you’re in for if you go this route. Let’s start off by examining […]
5 Things to Do Before Making an Offer on Distressed Property
In any real estate transaction, buyers must be prepared to do a little due diligence before putting an offer in. This is especially true of distressed properties. If you’re considering a foreclosure, short sale, or bank-owned property make sure to follow the tips below for a more positive experience. 1) Find yourself an agent who’s […]
6 Things to do if You’re Considering a Distressed Property
Buying a distressed property (foreclosure, short sale, or bank-owned home) can be a great investment for first-time buyers, but the better you understand the process, the better your experience will be. Below are 6 must-do’s before you make an offer on this type of property. 1) Never buy anything without seeing it first -It […]
