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Do’s and Don’ts when Buying a Distressed Property

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You may have heard conflicting stories about distressed housing, but in reality, these types of transactions aren’t exceptionally different than a traditional home sale. Simply put, a distressed property is any property whose owner – for a variety of reasons – is in default on the mortgage. A few types of homes fall under the … Continued

REO 101 Tips

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While it may seem a little daunting, buying a bank or real-estate owned (REO) property isn’t much more challenging than a traditional purchase – you just need to educate yourself on the process. To make it a bit more manageable, we’ve compiled the list of tips and considerations below that will come in handy before … Continued

Tips for Buying a HUD Home

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There are many misconceptions about distressed properties, including HUD homes. Many people are unsure how to go about buying this type of property. It’s actually a lot simpler than most buyers think, and HUD homes can often be a great deal. First, what is a HUD home?  have been acquired by the government due to … Continued

Mistakes to Avoid when Buying a Short Sale

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Short sales – like all kinds of distressed properties – can be a fantastic deal for buyers. In fact, they’re fast becoming a popular choice in areas where home prices are high and inventory isn’t keeping up with demand. While short sale purchases can take a bit longer than tradition sales, it’s really not all … Continued

Can I buy a Foreclosure with an FHA Loan?

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No matter if you’re purchasing an REO (bank owned) property, a traditional listing, a short sale, or any other kind of transaction, it’s very important to get pre-approved for a loan before starting your search. Though not required, getting pre-approved will give you an accurate idea of how much house you can afford, which will … Continued

Breaking down the difference between HUD and REO homes

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On the house hunt in Denver? Chances are you’ve seen a few HUD home listings as well as real estate (or bank) owned properties. These types of housing are a bit similar; however; they aren’t identical. If you’re interested in either of these types of properties, it’s important to know the difference – here we’ll … Continued

Who can buy a HUD Home?

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A HUD home is one that was purchased with an FHA (Federal Housing Administration) loan that has since fallen into foreclosure, and it’s fast becoming a popular consideration for areas experiencing low inventory and increasing home sale prices. If you’re considering purchasing a HUD home to break into homeownership, you may have questions as to … Continued

Is a short sale right for you?

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Whether you’re considering a distressed property as a primary residence, or as a rental investment, there are a variety of options to choose from. Short sales, foreclosure properties, and bank-owned (REO) properties all have their own unique set of advantages and disadvantages. Here we’ll check out some of the pros of going the short sale … Continued

Mistakes to Avoid if you’re Considering a Foreclosure

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      In hot markets like Denver, setting your sights on a foreclosure property can greatly expand your options as you house hunting in an area with little inventory or higher prices. There are bargains and deals to be found, but before you start the search for a foreclosure property it’s important to know … Continued

Are HUD homes and REO homes the same thing?

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If you’re considering distressed properties in your house hunt in Denver, you’ve likely seen HUD listings as well as real estate owned (REO – also called “bank owned”) properties. These types of properties share some commonalities, but the process of buying them is a bit different. Read on for an overview of how HUD homes … Continued