Decoding the Lingo: What is a HUD (owned) home?

Defining what a HUD home is and how HUD properties are purchased.

Denver Real Estate Specifics: Help before foreclosure in Colorado.

After seeing a great article in the local Greater Park Hill News, I checked into the state’s foreclosure prevention campaign.  Apparently run by the Colorado Housing Counceling Coalition, the primary support they are providing is a toll-free hot-line (1-877-601-4673) that connects concerned homeowners with free counseling to help them avoid foreclosure.  They even have a video on [...]

Decoding the Lingo: Short Sales and Foreclosure

Foreclosure information continues to pepper newspaper headlines like political polls before an election, so it seems right to decode it’s meaning, clarify its scope and discuss one form of foreclosure avoidance, the short sale. 
Foreclosure is the process by which a lending institution (“the bank”) repossesses real property (“the home”) when the home owner fails to [...]

Denver Market Specifics: A Video Report on Foreclosures in the Colorado Real Estate Market by CNNMoney

The tag-line caught my eye: Rocky Mountain Foreclosures.   The report is sobering to be sure.  The link below the video was entriging as well: 100 Worst Hit Zip Codes.  On the December 2007 focused list I found 80013 (Aurora) at number 47 to be the only Colorado zipcode listed there.  I was disheartened to see a Sacramento zip-code (95823) at [...]