Loveland Bank Owned Homes and Foreclosures
Bank owned homes in Loveland, Colorado represent a great opportunity for families and investors alike. Banks and other lenders will often attempt to sell the foreclosed homes they own at auction so they can eliminate the cost of upkeep and maintenance. Real Estate Owned or REO refers to distressed assets that have been repossessed by the lending institution and may become available at a discounted price. These “non-performing” assets are not producing revenue and instead are operated at a loss.
Kenna Real Estate and Bank Owned Homes in Loveland
Bank owned homes are frequently in poor condition and may need repair. The properties are usually sold as-is and you may need to anticipate renovations, or at least new paint and carpet in addition to some repair. Just as a delinquent home owner may stop paying their bills, they may also stop bothering with the expense and hassle of upkeep if they know they are about to default on their mortgage. This results in some bank owned homes needing new appliances such as washers, dryers and refrigerators.
While this is an unfortunate economic reality, the homes themselves are often in fine operating condition. Bank owned homes may need a little tender love and care, a refresh, or even major renovations. Savvy investors know this is what makes the investment attractive as simple repairs may add substantially more equity. So while bank owned homes may require a further investment of time and money, there is a possibility of greater returns on investment.
Foreclosed Homes For Sale in Loveland, Colorado
Foreclosed Homes For Sale in Loveland, Colorado2
Attractive Real Estate in Loveland, Colorado
Loveland, Colorado is an attractive community in Northern Colorado along the Front Range and corridor of Interstate 25. 45 miles north of Denver, and just south of Fort Collins, Loveland is home to several neighborhoods, golf communities, public schools, and retail businesses. This quiet community is just steps from the Colorado wilderness to the west and the Great Plains stretch far into the east. Wyoming is just a few minutes to the north.
Loveland has been growing in recent years to include several malls, outlets, restaurants, schools, communities, theatres, and other development. As the name would suggest, Loveland is a great place to raise a family or grow a career, and is even a great home base for commuting to Fort Collins or Denver.
Kenna Real Estate understands the market for distressed assets of this type and has been presiding over these types of transactions for many years. If you are looking to get the jump on listings for bank owned homes, contact Kenna to discuss your requirements, as well as the intricacies of the process. To purchase a bank owned home, you may need to navigate technical regulations, difficult negotiations and extensive processes that you are not familiar with.
This is where Kenna comes in; when you need an expert in bank owned, foreclosed, and real estate owned properties. The professional team of real estate agents and administrators understands this class of asset, whether foreclosed properties, bank owned or real estate owned homes. Kenna can also notify you as distressed properties in Loveland come up for sale or if there is an upcoming property auction. Bank owned properties will sometimes be sold in bulk at auction particularly when they are not selling otherwise.
Review Listings for Bank Owned Property with Help from Kenna Real Estate
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Listing information last updated on December 6th, 2019 at 9:45pm MST.
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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.
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Listing information last updated on December 7th, 2019 at 7:34am MST.