In a report released by Clear Capitol this week, Denver is among the top 15 major markets in the country to experience a decline in REO inventory. “The latest Market Report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” said Dr. Alex Villacorta, [...]
Here’s a parody of what it is like to purchase a bank owned home in today’s market. Sad but true the conversation is very realistic. Best enjoyed with a Cabernet or perhaps a nice stout beer. Unfortunately there’s so much truth to this it makes me want to cry.
How to buy a bank owned home in Metro Denver, Colorado 100 Real Estate Tips in 100 Days (Day 48) Denver, Colorado and the suburbs has an inventory of bank owned homes, also called REO’s or foreclosures. Buyers often express an interest in purchasing a bank-owned home for the DEAL they think they will get. [...]