Category: REO

Can a Fixer Upper Loan be used to buy a HUD Home?

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While HUD homes can be appealing because of their lower price tag, more often than not, these types of properties also come with a laundry list of repairs and upgrades. This isn’t necessarily a bad thing, as making the necessary renovations allows new owners to really make the property their own. Plus, if the HUD … Continued

Common Questions for Potential HUD Home Buyers

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Purchasing a HUD home is an appealing option for first time buyers, buyers on a budget, and buyers in areas with limited inventory. While the process isn’t all that different than a traditional home purchase, there are a few caveats buyers should know about. Here’s a breakdown of some of the most common questions buyers … Continued

How do I finance a HUD Home?

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If you’re considering purchasing a HUD home, you may be surprised to learn the process isn’t drastically different than a traditional sale. Additionally, there are some fantastic financial incentives to purchase this type of property. Here we’ll break down what a HUD home actually is and the financing options available to potential buyers. First off, … Continued

What are Distressed Properties?

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The meaning of the term “distressed property” might surprise you. “Distressed” doesn’t refer to the condition of the property itself, it simply refers to any home or property that is worth less than what is owed on the mortgage, and has owners who either can’t or are no longer willing to continue making mortgage payments. … Continued

What you need to know when Buying an REO Property

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As many home buyers in the Denver area will tell you, choices in the Mile High City appear few and far between, especially if you’re confined to a particular budget. The good news is there’s a way to expand your options if you consider distressed properties. Adding real estate owned (REO) properties to your search … Continued

Avoid these Mistakes when Buying a Foreclosure

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Whether you’re a beginning investor or a home buyer looking to expand your options in a crowded market, distressed properties – like foreclosures – can be a great opportunity. But if you’re not prepared for the process, it can appear challenging. But that doesn’t mean you should avoid these types of opportunities.  In fact, the … Continued

Advantages of Buying a Short Sale

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You may have heard some misleading things about buying a short sale – or any distressed property for that matter – but believe it or not, there are actually advantages to purchasing this type of property. In popular areas with hot real estate markets, many potential buyers are adding short sales to their searches to … Continued

Avoid these Mistakes when Buying a Foreclosure

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Due to their lower price points, it’s no wonder that purchasing a foreclosure is an appealing option for many would-be home buyers. While not the same as a traditional home sale, buying this type of home doesn’t have to be as challenging as you might think, but it helps if you know what pitfalls to … Continued

Frequently Asked Questions when Buying an REO Property

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Real estate owned (REO) properties, also known as bank-owned properties, can be a great way to break into homeownership, though these types of transactions are often misunderstood. Here we’ll go over the basics of these types of properties and address some of the most common questions when it comes to making an REO property your … Continued

5 Tips for Buying a Foreclosure

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While the number of foreclosure homes is decreasing, there are still good deals to be found. This is particularly good for areas with hot markets and high home prices, like Denver. While buying a foreclosure is a little different than a traditional sale, it’s not that challenging of a process. Check out the five tips … Continued