Things to Consider before buying an REO/Bank-owned Property

If you’re house hunting in Denver, chances are you may have seen the term “bank owned” or “real estate owned” (REO) as you search for potential properties. These types of properties can be a great deal for buyers, as long as they understand the details of this type of homes. Here we’ll run down the […]

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Defining Distressed Housing

Denver’s crowded housing market has many potential buyers considering distressed properties to open up their options and further their budget. But what exactly is distressed housing and what type is best for you? Read on for a breakdown of the four primary types of distressed housing you can find on the market. Short Sale: A […]

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What is a HUD Home and is it the Right Home for you?

Owned by the U.S. Department of Housing and Urban Development, a HUD home is a kind of residential foreclosure. When a home financed by a Federal Housing Administration (FHA) loan goes into foreclosure, the original lender gets reimbursed by HUD for the outstanding loan balance. HUD then takes over ownership of the property and sells […]

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The Scoop on Short Sales

Denver’s housing market can be tricky to maneuver. Sale prices are up, and while inventory is climbing a bit, options for first-time buyers here may seem slim. The good news is there are ways to expand your search options if you’re willing to consider distressed properties in the area. One of the most common types […]

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Ask yourself these Questions Before Buying a HUD Home

HUD homes can be a fantastic opportunity for first-time home buyers, especially if you’re willing to put a little work into the property. HUD homes are also a great option in areas where inventory is on the low side. While not identical to a traditional home sale, buying a HUD home isn’t particularly difficult. Here […]

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Tips that will make your REO Home Buying Experience Easier

Real estate owned (REO) properties – also known as bank-owned properties – can be a great value and help open up buying options in cities like Denver where inventory is tight. Buying an REO home isn’t drastically different than a traditional sale, but there are a few things to know that will be helpful as […]

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Exploring the Different Phases of Foreclosure

While you might hear the term “foreclosure” and immediately think you can get a steal on a property, there are actually different phases of the foreclosure process that will impact your price and methodology for buying this type of residence. If you’re considering a distressed property – like a foreclosure – make sure to understand […]

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What’s the Difference Between an REO Property and a Foreclosure?

High home prices and limited inventory in Denver have prompted many buyers to consider distressed properties – short sales, real estate owned (REO) homes, foreclosures, etc. as a way to break into homeownership. These types of purchases are different than traditional sales, but they can often be a great value – if you know what […]

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Examining the HUD Home Bidding Process

If you’re a potential home buyer in a hot market like Denver, chances are you may be considering adding HUD homes to your search to give you more affordable options. But if you’re a first-time buyer you may have questions about how to actually go about getting a HUD home. Here we’ll give you an […]

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What to Know Before Buying a HUD Home

HUD homes and other distressed properties often get a bad rap, but the truth is that these types of foreclosures can actually be a great deal. If you’re not familiar with the HUD home buying process, you’re certainly not alone. Here we’ll break down what to expect if you’re thinking of purchasing a HUD home […]

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