Category: REO

5 Tips to Remember if you’re buying a Distressed Property

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While today’s inventory of distressed properties isn’t as robust as it once was, with markets recovering and home prices steadily increasing, these types of properties are still very desirable to many buyers. In areas like Denver where prices are high and options are limited, distressed housing can be a great alternative. Distressed properties typically fall … Continued

4 Tips if you’re Considering an REO Property

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Real-estate owned (REO) properties – also known as bank-owned – can be a great investment for first time home buyers. This particular type of home is one that didn’t sell at auction, and ownership was then transferred to the bank or lender. REOs can be a great option for many reasons: first, in many cases, … Continued

How does a Property become Bank Owned?

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If you’ve been house hunting in Denver, chances are you’ve run across the term “real estate” or “bank owned” property. If you aren’t familiar with how a home becomes a bank-owned property, it’s worth your while to learn, as these can be great investments. It the simplest terms, a real estate owned property is a … Continued

5 Things you need to do when buying a Distressed Property

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In hot real estate markets like Denver, would-be buyers often include distressed housing in their property searches to expanding their options. If you’ve been considering this type of property, it’s possible to find a great value, but only if you know what to expect along the way.  Think a bank-owned home, foreclosure, or short sale … Continued

4 Reasons you should Consider Buying a Bank-owned Property

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If you’ve decided to include distressed properties in your home search, chances are you’ve heard of several types including foreclosures, short sales, and bank-owned or real-estate owned homes. It’s possible to get a great deal on distressed properties, but REO properties, in particular, come with some unique perks. Check out the following reasons to consider … Continued

3 Common Foreclosure Myths Debunked

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There’s a lot of conflicting information out there when it comes to buying a foreclosure property. Maybe you’ve heard only horror stories about buying a foreclosure, but the truth is that purchasing these types of properties doesn’t have to be a negative experience. Here we’ll debunk some of the common myths you may have heard … Continued

What you need to know if you’re Considering an REO Property

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If you’re house hunting in Denver, there’s a good chance you’ve run across the term “bank owned” or “REO” (real estate owned) properties. For first time buyers, these types of properties can actually be a great value, especially in areas with limited inventory. The way to ensure your REO buying experience is a good one … Continued

Steer Clear of these Mistakes when Buying a Foreclosure

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Foreclosure homes aren’t flooding the market nearly as much as they were ten years ago, but they do still occur and they can be a great way for buyers to break into homeownership in competitive areas like Denver. While it’s true that buying a foreclosure is a little different than a regular home purchase, it’s … Continued