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“Broker Price Opinions”

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Are you looking  for a deal in real estate?   Then you are undoubtedly interested in foreclosures. Buying a bank-owned home or property is really not too much different than buying real estate from a private individual, except that the bank’s specific forms, terms and conditions of the sale will in many cases supersede [...]

Foreclosure Lingo, Process and Montrose Colorado Foreclosure Update

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We hear a lot about “foreclosures” and buyers and investors looking for “foreclosures” and real estate agents advertising  “foreclosures.”  In fact, what most of these people are referring to are REO (real estate owned ) properties, that is, real estate owned by the bank.  These are properties that have actually gone through the legal foreclosure [...]

Looking for a Foreclsoure Bargain? Don’t Expect the Bank to Give it Away.

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Almost everyone is looking for and expecting to get a great bargain these days. There’s no question it’s a buyer’s market, but when it comes to foreclosures, don’t expect the banks to give it away, any more than a private seller would. REO’s (i.e., foreclosed, bank-owned) properties do offer some of the best bargains around, [...]