Denver Foreclosure Sales

Denver Foreclosure Sales

Posted by Brian Burke on Monday, November 30th, -0001 at 12:00am.

Increased foreclosure activity can be a bad sign for the economy, but it also presents some great opportunities for  Denver homebuyers to purchase quality homes at relatively low prices through foreclosure sales. There are several ways to find and purchase foreclosed properties in the Denver area:

Pre-Foreclosure Sales  ie: Denver Short Sales
Some homeowners, in danger of foreclosure, will put their houses on the market advertised as "short-sale" or "requiring third-party approval." This means that they are hoping the lender will except less money than is owed. Pre-foreclosure sales are one way to secure a good deal on a Denver-area home, before it is even foreclosed upon.

Public Trustees Auction
In Colorado, foreclosed homes are auctioned off by the county Public Trustee's office. It is possible to buy a property at one of these auctions, but lenders most often place the highest bid and are awarded the property.

 Denver Lender-Owned Homes
Bank-owned homes–also called lender-owned homes–are listed on the MLS listings just like other homes. Just specify in your search that you are looking for foreclosure sales and lender-owned properties–also called bank-owned properties and real estate owned properties (REOs).

Denver HUD-Owned Homes
HUD-owned homes are another type of foreclosed property. These homes are owned by the Department of Housing and Urban Development (HUD) and can also be found via MLS search. Prospective buyers must bid via a HUD-registered broker or agent and prove they have adequate funds or financing to honor their bid.

If you find a great deal on a pre-foreclosure, lender-owned, or HUD-owned property, act quickly, as bidding can be very competitive. You can expect several bids to have been placed on such properties within one or two days.

Please contact us if you have any questions or to request a free consultation.

      kenna_logo_to_website_144  e-PRO logo

    View homes with current updated information including Foreclosures on your Phone or IPad


Brian Burke | Broker | ePRO | Expert   | 303.955.4220 Office | 303.710.2609 Direct |

Leave a Comment

Format example:
Format example:

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on April 10th, 2020 at 1:34pm MDT.

Metrolist Services Inc (Colorado) Logo Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Kenna Real Estate are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Copyright 2020 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on April 10th, 2020 at 1:18pm MDT.

Request Free E-Book