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Below are links to Search FORECLOSURES
HUD & Bank owned properties
for Colorado and other states – we can connect you with agents in the other states!
This is the site that you will be redirected to through the HUD site below
http://www.mcbreo.com/states.htm
Michaelson, Connor & Boul
U.S. Department of Housing and Urban Development
Lots of information about Purchasing, Home Ownership & Renting
active link below
First Preston specializes in the marketing & management of real estate portfolios owned by mortgage banking companies, government agencies, institutions & other clients
What is a short Sale?
It is a sale of the property in that the Seller does not have enough money to pay off the lender in full. Therefore the lender has to agree to accept less than the full amount that is due them. If the lender does not agree, there is no sale.
The seller first agrees to sell their house at a given price. Then the offer is presented to the lender to approval. This process can take 1 to 6 months. In the meantime, you are at the mercy of the lender as to setting a closing date.
Typically, I see the property in better condition than what you might get in a foreclosure due to the sellers still living there and taking care of it. If the seller moves out, the yard usually dies.
If you are not in a hurry, this can be a good way to purchase your next home.
We have assisted and educated buyers in purchasing of:
Government Owned Properties,
Bank Owned Properties,
Short Sales
ReSale Homes
New Construction
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![[Logo: Homes and Communities: U.S. Department of Housing and Urban Development]](http://www.hud.gov/images/common/hgv-bnr-logo1.gif){kind=logo}
