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Checklist for Buying an REO Property

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If you’re looking for a real estate owned (REO) property in the Denver metro area, you may be a little unsure of what the process is and where to start. Despite being a bank-owned property, the process is very similar to a traditional home sale, except for a few details. Here we’ll give you a … Continued

Can FHA Loans be used for Foreclosures?

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Regardless of the home you’re purchasing – be it an REO property, a short sale, traditional sale or foreclosure – it’s crucial to get pre-approved for a loan before starting your search. It’s not a requirement, but getting pre-approved will give you an idea of how much house you can afford, which will ensure you … Continued

Avoid these Errors when Buying a Short Sale

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Short sales can be a fantastic deal for buyers – especially in areas where inventory is low (like Denver!) While they can take a bit longer than tradition sales, the process isn’t all that different or more challenging than purchasing any other property – if you avoid common mistakes. Below are a few things you’ll … Continued

Advantages of Investing in an REO Property

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Real estate owned (REO) properties can be a fantastic investment opportunity for buyers who either want to resell the property for profit or rent it out long term. It’s important to hire an experienced agent who can help you navigate the process, but there are definitely a few advantages to investing in a bank-owned property. … Continued

Benefits of Buying a Short Sale

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For sellers, short sales are a favorable alternative to entering the foreclosure process. In a short sale, homeowners agree to sell a house for less than the amount owed on the mortgage loan. This type of sale requires the lender to approve of the deal. In addition to helping the seller protect their credit, short … Continued

Tips for Buying a Foreclosure

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If you’re in the market for a foreclosure, there are definitely deals to be found in the Denver metro area. While this type of transaction differs from traditional home purchases, the process doesn’t have to be as challenging as you may think. Here’s we’ll cover some tips that will help you navigate your way through … Continued

What’s the Difference between a HUD Home and a Bank Owned Property?

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If you’re considering foreclosure properties in your house hunt in Denver, you’ve likely seen HUD listings as well as bank-owned (REO) properties. While there are similarities in these types of homes, the process for buying them is a bit different. Here’s we’ll give the breakdown on how HUD homes and REO homes differ. HUD homes … Continued

Can First Time Buyers Purchase a Distressed Property?

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In especially hot real estate markets like Denver, many buyers are shifting their attention to non-traditional home sales, including short sales, foreclosure properties and REO (bank owned) properties. You may be wondering if first-time buyers are well-suited to purchase these types of homes, and while you may encounter a little competition, distressed properties are a … Continued

Advantages of Buying a Short Sale

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

How Long do Short Sales Take?

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With a name like “short sale”, you’d think the process would be quick. The “short” in “short sale”; however, actually refers to the amount of money the bank is willing to accept for it. In short sales, homeowners can no longer make payments and the bank agrees to a price that “falls short” of what … Continued