Category: Real Estate Articles

3 Tips for Buying a Distressed Property

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If you’re on the hunt for a house in Denver, chances are you’ve run across the term “distressed property”.  A distressed property is any property whose owner is in default on the mortgage, so distressed properties can actually be short sales, bank-owned homes, and foreclosures. While different than traditional sales, these types of houses can actually … Continued

How much Money do I need to Put down for a HUD home?

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Many buyers in particularly hot real estate areas are considering HUD housing to expand their inventory options. But what exactly is a HUD home? When someone with a government-insured mortgage can’t meet the payments, the lender forecloses on the home and HUD (Department of Housing and Urban Development) pays the lender what is owed. HUD … Continued

What to Know when Buying an REO

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Real estate owned (REO) properties – also known as bank-owned properties – can be a great value and help open up buying options in cities where inventory is tight. While buying REO homes isn’t drastically different than traditional sales, there are few things to know that will be helpful as you start your REO search. … Continued

Questions to Ask Before Buying a HUD Home

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If you’re willing to put a little work into them, HUD homes can be a fantastic opportunity for first-time home buyers. Especially in areas where inventory is on the low side. Buying a HUD home is different than a traditional home sale, but it’s not particularly difficult. Here we provide a list of questions you … Continued

How Does the HUD Home Bidding Process Work?

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If you’re house hunter in Denver, 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 break down the HUD home buying process and provide a few … Continued

Can a Fixer Upper Loan be used to buy a HUD Home?

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While HUD homes can be appealing because of their lower price tag, more often than not, these types of properties also come with a laundry list of repairs and upgrades. This isn’t necessarily a bad thing, as making the necessary renovations allows new owners to really make the property their own. Plus, if the HUD … Continued

How do I finance a HUD Home?

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If you’re considering purchasing a HUD home, you may be surprised to learn the process isn’t drastically different than a traditional sale. Additionally, there are some fantastic financial incentives to purchase this type of property. Here we’ll break down what a HUD home actually is and the financing options available to potential buyers. First off, … Continued

What are Distressed Properties?

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The meaning of the term “distressed property” might surprise you. “Distressed” doesn’t refer to the condition of the property itself, it simply refers to any home or property that is worth less than what is owed on the mortgage, and has owners who either can’t or are no longer willing to continue making mortgage payments. … Continued

What you need to know when Buying an REO Property

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As many home buyers in the Denver area will tell you, choices in the Mile High City appear few and far between, especially if you’re confined to a particular budget. The good news is there’s a way to expand your options if you consider distressed properties. Adding real estate owned (REO) properties to your search … Continued

Avoid these Mistakes when Buying a Foreclosure

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Whether you’re a beginning investor or a home buyer looking to expand your options in a crowded market, distressed properties – like foreclosures – can be a great opportunity. But if you’re not prepared for the process, it can appear challenging. But that doesn’t mean you should avoid these types of opportunities.  In fact, the … Continued