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Colorado foreclosures are reaching record levels. But if you're looking to buy a home in a Colorado ski resort town or outlying areas, now may be the time to take advantage of the low prices that ...
Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...
A real estate agent with experience in short sales might be able to help you find a buyer and guide you through obtaining the necessary approvals. 7. Short refinance
A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate owned). In these situations, the owner/servicer tries to sell it through standard real estate channels.
In 2006, Michael Dunahay, a Denver entrepreneur, purchased the house from Huggins. [4] By late 2010, Dunahay had become delinquent on the nearly $2.8 million outstanding balance of his $3.1 million mortgage, and a foreclosure auction was held on November 10, 2010, where it sold for $1.5 million. [4] The house was sold again in November 2010. [7 ...
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.