Category: Real Estate Articles

Should you Consider Buying an REO Property?

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Lots of people flocking to the Mile High City are considering distressed properties in their searches to help expand their potential housing options. This is actually a great way to break into homeownership in areas with low inventory. Bank or real estate owned (REO) properties, foreclosure properties, and short sale properties all fall under the … Continued

Distressed Property Buying Checklist

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You may be surprised to learn that buying a distressed property isn’t all that different than buying a traditional home. A distressed property is simply any property whose owner – for a variety of reasons – is in default on the mortgage. A few types of homes fall under the distressed housing umbrella: Short sales … Continued

Benefits of Buying a Short Sale

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The term “short sale” is a bit misleading as these types of transactions don’t tend to happen as quickly as traditional home sales. Still, in crowded markets with rising prices, including short sales in your home searches can help expand your options and land you a really good deal on a house. What exactly is … Continued

What is the Good Neighbor Next Door Program?

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Did you know there’s a program offered by the Administration of Housing and Urban Development (HUD) designed specifically for law enforcement officers, teachers (pre-Kindergarten through 12th grade), firefighters and emergency medical technicians, which makes it easier to buy a home? HUD’s Good Neighbor program offers incentives in the form of 50% off list price, and … Continued

Do I Qualify for a HUD Home?

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In real estate markets where inventory is low and competition is fierce, buyers are expanding their search options to include HUD homes and distressed properties. But what exactly is a HUD home and how do you know if you qualify for one? So what exactly is a HUD home? HUD homes are residential properties that … Continued

5 Reasons to Consider Buying an REO Property

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When a bank takes back a property as a result of foreclosure, the home becomes what is known as a Real Estate Owned (REO) property. Since banks aren’t really in the business of owning property, it’s possible to buy REO properties for a discount, or at least at fair market value. When a bank has … Continued

Financing a Distressed Property with a Home Improvement Loan

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Home buyers in low inventory areas are often drawn to the possibility of purchasing a distressed property – not only to help their dollars go further but to open up their search options as well. Distressed properties come in a variety of forms, with short sales, foreclosures, and real estate owned (REO) being the most … Continued

Phases of Foreclosure

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Many people hear the term “foreclosure” and think they can get a steal on a property. However, the price you end up paying can be dependent on the phase of foreclosure. A house isn’t foreclosed upon overnight. Here we’ll break down the phases of foreclosure and the advantages of buying a home in each phase. … Continued

Why you Should Consider a HUD Home

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  Who isn’t looking for a great deal on a house? HUD homes, while different than traditional homes, can be a great value – especially in particularly hot markets like Denver. In simple terms, a HUD home is a place owned by the U.S. Department of Housing and Urban Development. Before a home becomes the … Continued

Why Should an REO Property be on your Radar?

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For several reasons, REO properties can be a great value for both investors and first time home buyers alike. But what exactly is an REO property and why should you consider this type of house? REO stands for Real Estate Owned, and these types of homes have been repossessed by banks after the owners were … Continued