2 Beds   2 Baths   1,028 Sq. Ft.
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S Balsam St Unit 8-201
Denver, CO 80123

Status: Active
Listing ID: 56441739

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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Denver, CO
Home Inspectors
Pillar to Post -The Kastberg Team
Lee Kastberg
303-655-1177
Cactus Home Inspection, LLC
Donald M. Kronig
303-929-3513
Home Systems Data
David Geisen
920-366-9255
Mile High Home LLC
Nick Buffington
303-981-9112
Scott Home Inspection
Woodrow Hoffmann
720-369-8182
Homes On This Street
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S Balsam St Unit 8-201
Denver, CO 80123

2 Beds   2 Baths   1,028 sq. ft.

 

Status: Active Listing ID: 56441739

Property Information

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Public Records

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Property Description

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