Category: REO

Do’s and Don’ts when Buying a Distressed Property

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You may have heard conflicting stories about distressed housing, but in reality, these types of transactions aren’t exceptionally different than a traditional home sale. Simply put, a distressed property is any property whose owner – for a variety of reasons – is in default on the mortgage. A few types of homes fall under the … Continued

REO 101 Tips

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While it may seem a little daunting, buying a bank or real-estate owned (REO) property isn’t much more challenging than a traditional purchase – you just need to educate yourself on the process. To make it a bit more manageable, we’ve compiled the list of tips and considerations below that will come in handy before … Continued

Can I buy a Foreclosure with an FHA Loan?

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No matter if you’re purchasing an REO (bank owned) property, a traditional listing, a short sale, or any other kind of transaction, it’s very important to get pre-approved for a loan before starting your search. Though not required, getting pre-approved will give you an accurate idea of how much house you can afford, which will … Continued

Breaking down the difference between HUD and REO homes

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On the house hunt in Denver? Chances are you’ve seen a few HUD home listings as well as real estate (or bank) owned properties. These types of housing are a bit similar; however; they aren’t identical. If you’re interested in either of these types of properties, it’s important to know the difference – here we’ll … 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

Mistakes to Avoid if you’re Considering a Foreclosure

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      In hot markets like Denver, setting your sights on a foreclosure property can greatly expand your options as you house hunting in an area with little inventory or higher prices. There are bargains and deals to be found, but before you start the search for a foreclosure property it’s important to know … Continued

Are HUD homes and REO homes the same thing?

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If you’re considering distressed properties in your house hunt in Denver, you’ve likely seen HUD listings as well as real estate owned (REO – also called “bank owned”) properties. These types of properties share some commonalities, but the process of buying them is a bit different. Read on for an overview of how HUD homes … 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

Must Do’s for Buying an REO Property

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Buying a distressed property is a great option for buyers looking in booming areas like Denver. But if you’re new to the home buying process, you may not necessarily know what to expect when buying an REO (bank owned property). Fear not – the process isn’t as daunting as you might think. Check out the … Continued

Keep these Tips in mind when Flipping a Foreclosure

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House flipping is getting quite the reputation thanks to popular shows on a variety of cable networks. It occurs when real estate investors – or even first timers – buy a home (sometimes at auction, sometimes through foreclosure, etc.) and then resell it for a profit after some rehab/renovation. While this type of venture isn’t … Continued