Archive | Real Estate Articles RSS feed for this section

What does Pre Foreclosure Mean?

If you’re a house hunter in Denver, chances are you’ve seen the term “pre-foreclosure” on some of the listings that come up in your search. You might be wondering what this type of property actually is. A pre-foreclosure home is a distressed property that the lender has not yet repossessed and sold at auction. Pre-foreclosure […]

Continue Reading Comments { 0 }

The Scoop on HUD Homes and why you should consider one

If you’re house hunting in Denver, chances are you’ve come across properties listed by HUD. These types of homes can turn out to be a great deal if you understand what they are and the process of purchasing them.  Let’s start with the basics: HUD stands for the U.S. Department of Housing and Urban Development. […]

Continue Reading Comments { 0 }

Benefits of Buying a Bank Owned Property

If you’re considering adding a bank or real estate owned (REO) properties to your home search, it’s crucial to understand exactly what these types of homes are and how they can be a great value. REOs are homes that have been repossessed by banks after the owners were unable to keep up with mortgage obligations. […]

Continue Reading Comments { 0 }

Could Buying a Short Sale be the Right Move for You?

The name is a bit misleading as short sale transactions can take longer than a traditional home sale, but the reality is there are several advantages of considering this type of property in your home search. In popular areas with hot real estate markets, like Denver, many potential buyers are adding short sales to their […]

Continue Reading Comments { 0 }

Who can buy a HUD home?

While the Denver market is slowly shifting towards buyers, inventory here remains low, while prices are still high. That’s why many house hunters add HUD homes to their searches – not only can it increase your options, but you could end up making a great investment! But what exactly is a HUD home and how […]

Continue Reading Comments { 0 }

5 Tips for Buying Distressed Property

Buying a distressed property can be an appealing option for would-be home buyers looking in particularly competitive markets like Denver. The processes is a bit more involved than traditional housing options, but the end result could be a great deal. Check out the five tips below that will help you as you set out to […]

Continue Reading Comments { 0 }

Avoid these Mistakes when Buying a Foreclosure

The number of foreclosure homes on the market isn’t what it once was, however, there are still good deals to be found. In areas with particularly competitive markets, like Denver, considering a foreclosure home is a great alternative to a traditional sale. While buying a foreclosure is a little different than a regular home purchase, […]

Continue Reading Comments { 0 }

What is a “Fixer Upper” Loan?

When housing markets are super competitive, homeowners often turn to distressed housing (HUD homes, foreclosures, etc.) to help expand their options. Plus, depending on the distressed housing you look at, there are some very appealing incentives! HUD homes can be very attractive due to their lower price point, but most of the time these types […]

Continue Reading Comments { 0 }

5 Tips you need to know if you’re Considering a Distressed Property

Buying a distressed property can be an appealing option for homebuyers with a limited budget. While they’re not just given away, distressed properties – short sales, foreclosure homes, bank owned homes, etc. – can often be a great value. But it’s important to know what to expect if you go this route. Check out the […]

Continue Reading Comments { 0 }

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 […]

Continue Reading Comments { 0 }