Category: Uncategorized

Foreclosures aren’t as common as they were at the peak of the housing crisis; however, they do still happen and there are definitely great deals to be found. Foreclosed properties are houses whose owners were unable to pay the mortgage or sell the property, and as a result, the lender assumed ownership and is now … Continued

If you’re considering purchasing an REO (bank-owned) property, you’re probably aware of the uncertainty of the condition of the property and how important it is to have an inspection. But how does that exactly work? While REO properties can be a bargain, banks still want to get the most money they can for these homes, … Continued

In especially hot housing markets like Denver, many buyers are considering non-traditional sales to secure a home. Buying a foreclosure property can be a great way to break into real estate for first time buyers and beginning investors alike. If you’re considering a foreclosure property as a home or investment, check out common mistakes to … Continued

If you’re in the market to buy a home, you may be leery of distressed properties – short sales, foreclosures, bank owned properties, etc. However, the process for buying these homes may be far less daunting than you think. Here we’ll dispel a few myths you might have heard along the way. Who knows? Perhaps … Continued

House hunting in the Denver area? If so, you may be a bit overwhelmed by all the property types you’ve been seeing. Traditional single-family sales, short sales, foreclosed properties and the like – the terminology can get confusing, but it’s important to know the differences between these types of properties. Is an REO property the … Continued

House flipping is when real estate investors buy homes, usually at auction, and then resell them for a profit after some rehab/renovation. While this type of venture isn’t for everyone, buying a foreclosed property to renovate and resell can be very appealing and profitable option for investors. What to look for: Expert house flippers can’t … Continued

Thinking a short sale may be right for you? It’s definitely possible – especially in a hot market like Denver.  Here we’ll give you the run down on what you can expect to make the process as seamless as possible. Know what you’re in for- Short sales aren’t especially daunting or challenging, but they are … Continued

If you’re considering buying an REO (real estate owned) or foreclosed property, you may be under the impression that you have to pay in cash. While there are many benefits to an all-cash purchase, it’s certainly not realistic for many buyers. And fortunately, it’s not necessary! Myth: You must purchase a foreclosure property with cash. … Continued

With limited housing options available in the Denver area, many buyers are looking at REO properties as an alternative to a traditional purchase. While the term “REO” or “foreclosure” may raise red flags for some buyers, the process truly isn’t all that different than buying a non-REO property. Here we’ll shed some light on what … Continued

A distressed property is any property whose owner is in default on the mortgage. In the late 2000s, distressed home sales became quite common. While the number of distressed properties has been on the decline, they’re still very much a viable option for house hunters. Here we’ll cover some helpful tips that will come in … Continued