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Can I buy a HUD Home as an Investment?

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HUD homes can be a great deal for owner-occupant buyers and investors alike. However, if you’re considering a HUD home for investment purposes, you’ll have to wait your turn. If you’re not familiar with this type of property, a HUD home is when a government-insured loan (FHA) gets foreclosed and the Federal Housing and Urban … Continued

Should I Buy a Distressed Property?

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The term “distressed property” may conjure up images of unsightly houses that appear dilapidated and beyond repair. However, the term really isn’t as scary as it may seem. Distressed housing simply means a home that’s fallen into a short sale situation, foreclosure or is an REO (bank owned) property. While it’s true that sometimes these … Continued

Different Stages of Foreclosure

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If you’ve been doing some online house hunting, chances are you’ve seen a few foreclosure terms that you may not have been aware of. Homeowners fall into potential foreclosure situations for a variety of reasons. There are also a few stages they go through before ultimately reaching foreclosure. Here we’ll break down the different types … Continued

What to Expect when Buying a HUD Home

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          Purchasing a HUD home can be a great deal; however, before taking that leap it’s important to educate yourself about the process and do your due diligence. Here’s we’ve put together a general outline of what to expect during the HUD home buying process. Find the right agent Only real … Continued

Avoid These Mistakes when Buying a Short Sale

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Purchasing a short sale can be a great way for buyers to break into homeownership. While the process can take a bit longer than traditional home sales, buying a short sale is appealing to many buyers for primarily one reason: price. While it’s possible to get a short sale at a great price, there is … Continued

Top Questions to Ask Before Buying a Foreclosure

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In Denver’s tight real estate market, many buyers are considering distressed properties (foreclosures, short sales, bank owned properties) to help expand their inventory options. If you’re considering purchasing a foreclosure property check out our list of top questions to ask before taking the plunge. There are certainly deals to be found, but these questions will … Continued

What is Rehab Loan?

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          If you’ve found the perfect property for your needs, but it’s in need of some repairs, there may be a financial solution perfect for you. An FHA 203(k) rehab loan, also referred to as a renovation loan, allows homebuyers and homeowners to finance both the purchase or refinance along with … Continued

REO Purchasing Checklist

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          If you’re in the market for a bank-owned property in the Denver area, you might find a killer deal. However, it’s important to understand the buying process so you know what you’re in for and prepare for success. We’ve put together the following checklist ideal for those searching for the … Continued

Financing a HUD Home Purchase

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        Purchasing a HUD home can be both a great value and a wonderful way to break into homeownership – especially if you’re in an area with a low inventory of single-family homes. If you haven’t considered this option, it’s certainly worth a look, as these homes are typically more affordable and there … Continued

Understanding Different Types of Foreclosure Properties

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If you’re in the market for a new home, foreclosed properties can be really appealing – especially if you’re in an area where housing inventory is low or largely unaffordable. Keep in mind there are various stages of foreclosure that come with their own set of rules and exceptions. Here we’ll touch on various types … Continued