Category: REO

What to Know if You’re Considering Distressed Properties

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While the number of distressed properties isn’t nearly as large as it used to be, areas with rising home costs and low inventory have many homebuyers seeking more affordable options for purchasing their dream home. In areas experiencing high growth, a distressed property could be a great alternative. Distressed properties typically fall into three categories: … Continued

Keep these Tips in Mind when Considering a HUD Home

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The reputation of HUD homes hasn’t been great since the housing bust of 2008. And while this type of housing can be greatly misunderstood, HUD homes and other types of foreclosures can actually be a great deal, especially in areas where inventory is low and prices are high. Many people are wary of purchasing HUD … Continued

3 Foreclosure Myths you need to Forget

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With so much conflicting information on buying a foreclosure property, it’s no wonder potential buyers are wary of including these homes in their search. Maybe you’ve heard only horror stories of buying a foreclosure, but the truth is that buying these types of properties doesn’t have to be a negative experience. Don’t believe us? Read … Continued

Can I get a Good Deal on a HUD Home?

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When you think of a HUD home, it may not initially appear as an appealing option. Let’s face it: since the housing bust of 2008, the reputation of HUD homes hasn’t been that great. Contrary to what you might believe, HUD homes and other types of foreclosures can actually be a great deal. Here we’ll … Continued

The Ins and Outs of Buying an REO Property

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Chances are in your Mile High house hunt, you’ve run across the term “bank owned” or “REO” (real estate owned) properties. These types of properties can actually be a great value for first-time buyers or anyone in an area with limited inventory. The key is truly understanding what an REO property is and how to … Continued

Clearing Up Foreclosure Misconceptions

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Anyone in the market for a new home is looking for a great deal. Chances are you may have come across some foreclosure listings in your home search, but may think going this route is too risky. Buying a foreclosure may not be the same as buying a traditional home, but it’s not as challenging … Continued

What does Pre Foreclosure Mean?

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If you’re a house hunter in Denver, chances are you’ve seen the term “pre-foreclosure” on some of the listings that come up in your search. You might be wondering what this type of property actually is. A pre-foreclosure home is a distressed property that the lender has not yet repossessed and sold at auction. Pre-foreclosure … Continued

The Scoop on HUD Homes and why you should consider one

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If you’re house hunting in Denver, chances are you’ve come across properties listed by HUD. These types of homes can turn out to be a great deal if you understand what they are and the process of purchasing them.  Let’s start with the basics: HUD stands for the U.S. Department of Housing and Urban Development. … Continued

Benefits of Buying a Bank Owned Property

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If you’re considering adding a bank or real estate owned (REO) properties to your home search, it’s crucial to understand exactly what these types of homes are and how they can be a great value. REOs are homes that have been repossessed by banks after the owners were unable to keep up with mortgage obligations. … Continued

Answers to Common HUD Home Questions

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  What is a HUD home? How do I buy one? Should I consider this type of housing? All of these are probably at the top of your list of questions when it comes to investing in a HUD property. It’s true that the HUD home buying process is different than traditional home sales, but … Continued