Category: REO

What is a HUD Home and Who Can Purchase One?

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If you’re on the hunt for homes in Denver, you already know your options are limited. To expand the pool of possible choices, many buyers are including HUD homes in their searches. What is a HUD home? HUD homes are a byproduct of the FHA program. You’ve probably heard of FHA mortgages, but you might … Continued

Are there special loans for distressed properties?

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Distressed properties can be a great value for buyers in particularly hot markets where traditional homes may not be as affordable. In areas like Denver where home sale prices seem to be ever increasing, considering short sales, foreclosures, bank-owned properties, etc., can help increase choices for potential homebuyers. Just as with traditional sales, the first … Continued

Benefits of Buying an REO Property

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In addition to potentially finding a great price, there are actually several benefits to buying an REO property. What’s an REO property? A home becomes real estate owned (REO) property after a home goes into foreclosure and does not sell at auction. Essentially, an REO property is owned by the bank. We’ve compiled the list … Continued

Pros and Cons of Buying a Short Sale

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In particularly hot housing markets, buyers may find they need to expand their home searches to include distressed properties, such as short sales. When inventory is low, incorporating distressed housing can help increase buying options, and in some cases, even score a great deal. Here we’ll take a look at short sale properties, what they … Continued

Differences between Foreclosures and REO Properties

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With such limited inventory in Denver, many buyers are looking to distressed properties – short sales, real estate owned (REO) homes, foreclosures, etc. as a way to break into homeownership. These types of purchases are different than traditional sales, but they can often be a great value – if you know what to expect along … Continued

HUD Home FAQs

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Buying a HUD home isn’t as daunting of an experience as you may think, but there are differences between this type of transaction and traditional home purchases. Here we’ll give you a quick rundown of some of the frequently asked questions about HUD homes and how to buy them. Is this venture right for you? … Continued

What is a Real Estate Owned Property?

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If you’ve heard the term “distressed property” you may wonder exactly what that entails. It’s actually a larger umbrella for a few different types of homes. Bank or real estate owned (REO) properties, foreclosure properties, and short sale properties are all types of distressed housing. While there are similarities among all these types of housing, … Continued

What to Expect When Buying a HUD Home

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Though they’ve gotten a bit of a bad rap since the housing bust in 2008, HUD homes and other types of foreclosures can actually be a great deal. In reality, buying a HUD home can be a very positive experience. If you’re not familiar with the HUD home buying process, you’re certainly not alone. To … Continued

What to Expect when Buying a HUD Home

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Though they’ve gotten a bit of a bad rap since the housing bust in 2008, HUD homes and other types of foreclosures can actually be a great deal. In reality, buying a HUD home can be a very positive experience. If you’re not familiar with the HUD home buying process, you’re certainly not alone. To … Continued

Pros and Cons of Buying a Distressed Property

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In areas of tremendous growth and low housing inventory – like Denver – many potential home buyers are considering purchasing a distressed property as a way to break into home ownership. While the classification of “distressed housing” may conjure up images of less-than-desirable digs, these properties can often be a great deal – and in … Continued