People tend to look at the housing market as doom and gloom but I see tremendous opportunity especially up here in Northern Colorado. The market is not as bad as advertised. You just need to make the right deal and they can be found in all price ranges. What a fantastic time to upgrade your current home for tens of thousands of dollars below regular prices and great investment opportunities for fix & flips and long term rentals. The key is having someone who can find the deals and, as they say, you make your money when you BUY and this is what I am very good at being able to do!!! I tend to go against what the media is constantly complaining about and see huge opportunity for success and my niche is in finding great deals in the foreclosure/HUD/Short sale market. I constantly have 1 or 2 properties of my very own that I purchase, fix up and get back on the market for sale. If you know what you are doing it really is pretty easy to make some great 
money, find some long term investment opportunities, have lots of fun, and make a better lifestyle for you and your family. When you are actively involved in purchasing and selling in this realm of the real estate world, finding contractors to remodel your place and getting it back on the market for a profit gives you a great advantage over other real estate professionals who don’t actually do it themselves. I have always had a knack for success in this area and I would love to help you find your great opportunity that is waiting out there for you!!!
What is Foreclosure?
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end one of four ways:
- The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure.
- The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
- A third party buys the property at a public auction at the end of the pre-foreclosure period.
- The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure, via a short sale foreclosure or by buying back the property at the public auction. Properties repossessed by the lender are also known as bank-owned or REO properties (Real Estate Owned by the lender).
This foreclosure process allows for three opportunities for finding bargains on foreclosure homes 
Bank-owned (REO):
If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property. Bank foreclosures can become government foreclosures if the loan is backed by a government agency such as the Department of Housing and Urban Development (HUD) or the Department of Veterans Affairs (VA). In that case the government agency would be responsible for selling the property.
What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
What is a Short Sale?
A Short Sale is a situation where your lender agrees to let you sell your home for less than you owe.
A record number of mortgages are now in, or entering, foreclosure. A Short Sale is a viable option for homeowners who are behind on their mortgage, and wish to avoid the pain of a foreclosure
If you can't afford your mortgage payments, and you do not have any financial resources, we can negotiate with your lender to allow you to sell your property for less than you owe.
Best of all, we will negotiate to have your mortgage completely discharged, to eliminate the threat of future liability from your lender.
It is absolutely essential that you work with an experienced Realtor to list and sell your property.
