Category: REO

Avoid these Mistakes when Buying a Foreclosure

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Setting your sights on a foreclosure property can greatly expand your options as you’re house hunting in an area with little inventory or higher prices. While there are good deals to be found, before you start the search for a foreclosure property it’s important to know what you’re in for. Check out costly mistakes to … Continued

REO Financing Basics

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Regardless of the type of property you’re looking for – single-family, condo, short sale, etc. – we always recommend getting pre-approved for a loan prior to starting your search. This helps keep expectations in check and helps you stay in line with a house you can truly afford. The same goes for REO (bank-owned) properties. … Continued

Tips for Flipping a Foreclosure

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Whether you’re interested in flipping a foreclosure to sell or rent out for income, the process can be a bit daunting. Here we’ve compiled a list of expert tips to help you navigate the waters of turning a foreclosure property into a profitable flip. Know your market. Flipping in Denver takes more money than in … Continued

Short Sale FAQs

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Considering purchasing a short sale? For many it’s a great way to break into homeownership and possibly find a more budget-friendly deal – especially in a hot market like Denver. Here we’ll cover a few frequently asked questions about the short sales process. These may help you determine if a short-sale purchase is right for … Continued

Short Sale or Foreclosure – Which Should I Buy?

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In particularly hot housing markets like Denver, many buyers are including distressed (short sale, REO/foreclosure) properties in their searches. These types of properties can be great way to get your hat in the ring and begin building equity in your new home. But which type is best – a short sale or foreclosure? Honestly, there’s … Continued

CheckList 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!) and real estate investors alike. But if you’re new to the home buying process, you may not necessarily know when to expect when buying an REO. Fear not – the process isn’t as daunting as you might think. Check … Continued