Category: REO

Who can buy a HUD home?

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While the Denver market is slowly shifting towards buyers, inventory here remains low, while prices are still high. That’s why many house hunters add HUD homes to their searches – not only can it increase your options, but you could end up making a great investment! But what exactly is a HUD home and how … Continued

5 Tips for Buying Distressed Property

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Buying a distressed property can be an appealing option for would-be home buyers looking in particularly competitive markets like Denver. The processes is a bit more involved than traditional housing options, but the end result could be a great deal. Check out the five tips below that will help you as you set out to … Continued

Avoid these Mistakes when Buying a Foreclosure

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The number of foreclosure homes on the market isn’t what it once was, however, there are still good deals to be found. In areas with particularly competitive markets, like Denver, considering a foreclosure home is a great alternative to a traditional sale. While buying a foreclosure is a little different than a regular home purchase, … Continued

What is a “Fixer Upper” Loan?

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When housing markets are super competitive, homeowners often turn to distressed housing (HUD homes, foreclosures, etc.) to help expand their options. Plus, depending on the distressed housing you look at, there are some very appealing incentives! HUD homes can be very attractive due to their lower price point, but most of the time these types … Continued

Things to Consider before buying an REO/Bank-owned Property

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If you’re house hunting in Denver, chances are you may have seen the term “bank owned” or “real estate owned” (REO) as you search for potential properties. These types of properties can be a great deal for buyers, as long as they understand the details of this type of homes. Here we’ll run down the … Continued

What is a HUD Home and is it the Right Home for you?

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Owned by the U.S. Department of Housing and Urban Development, a HUD home is a kind of residential foreclosure. When a home financed by a Federal Housing Administration (FHA) loan goes into foreclosure, the original lender gets reimbursed by HUD for the outstanding loan balance. HUD then takes over ownership of the property and sells … Continued

Ask yourself these Questions Before Buying a HUD Home

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HUD homes can be a fantastic opportunity for first-time home buyers, especially if you’re willing to put a little work into the property. HUD homes are also a great option in areas where inventory is on the low side. While not identical to a traditional home sale, buying a HUD home isn’t particularly difficult. Here … Continued

Tips that will make your REO Home Buying Experience Easier

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Real estate owned (REO) properties – also known as bank-owned properties – can be a great value and help open up buying options in cities like Denver where inventory is tight. Buying an REO home isn’t drastically different than a traditional sale, but there are a few things to know that will be helpful as … Continued

Exploring the Different Phases of Foreclosure

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While you might hear the term “foreclosure” and immediately think you can get a steal on a property, there are actually different phases of the foreclosure process that will impact your price and methodology for buying this type of residence. If you’re considering a distressed property – like a foreclosure – make sure to understand … Continued