Category: Real Estate News

What to Expect When Buying a Short Sale

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If you’re a house hunter on a budget or in an area with low inventory, a short sale property may be a great deal for you, if you know what to expect. Here we’ll give you the rundown on what a short sale property is and what to expect should you decide this type of … Continued

Frequently Asked Questions when Buying an REO Property

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Real estate owned (REO) properties, also known as bank-owned properties, can be a great way to break into homeownership, though these types of transactions are often misunderstood. Here we’ll go over the basics of these types of properties and address some of the most common questions when it comes to making an REO property your … Continued

Know these things before Buying a Short Sale

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Short sale properties can be a great deal – especially if you’re in a low-inventory area like Denver. But as with any type of real estate deal, it’s important to know what you’re in for. What is a short sale? In this type of transaction, it means the seller’s lender is willing to accept a … Continued

Benefits of Buying an REO Property

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In addition to potentially finding a great price, there are actually several benefits to buying an REO property. What’s an REO property? A home becomes real estate owned (REO) property after a home goes into foreclosure and does not sell at auction. Essentially, an REO property is owned by the bank. We’ve compiled the list … Continued

What to Expect When Buying a HUD Home

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Though they’ve gotten a bit of a bad rap since the housing bust in 2008, HUD homes and other types of foreclosures can actually be a great deal. In reality, buying a HUD home can be a very positive experience. If you’re not familiar with the HUD home buying process, you’re certainly not alone. To … Continued

Who can buy a HUD Home?

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A HUD home is one that was purchased with an FHA (Federal Housing Administration) loan that has since fallen into foreclosure, and it’s fast becoming a popular consideration for areas experiencing low inventory and increasing home sale prices. If you’re considering purchasing a HUD home to break into homeownership, you may have questions as to … Continued

Ditch these Foreclosure Myths and Score the House of your Dreams

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Just getting started in the house hunting process in Denver? Chances are you’re noticing limited availability and high prices. If you’re in the market to buy a home, you may be wary of distressed properties – short sales, foreclosures, bank owned properties, etc. However, the process of buying these homes is a lot less challenging … Continued

Debunking Foreclosure Myths

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If you’re considering buying distressed property such as a foreclosure, you may have heard some myths about these types of listings. Here we’ll set the record straight on what you may or may not heard about investing in a foreclosed home. Myth 1: You must pay cash for a foreclosure This myth can actually be … Continued

Do I need a big down payment to buy an REO property?

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In housing markets when inventory is limited, many buyers consider foreclosure or REO (bank-owned) properties. The process for buying these types of homes isn’t all that different than traditional sales and you can often times find properties for below market value. But what about the down payment? Here we’ll give you the breakdown of what … Continued

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