Northern Colorado Bank Owned & Short Sale Real Estate Homes for Sale
Receive a FREE list of available Fort Collins Short Sale & Foreclosure Properties!
Are you looking for an opportunity to find a great deal on a home in Fort Collins? Sign up to receive a weekly list of currently available Short Sales and Foreclosures in Fort Collins, CO. After signing up, you will receive a list of active Fort Collins short sales and foreclosures in your email box each Monday morning. You will also be able to view in-depth photos, maps, and up-to-date information from our Northern Colorado MLS concerning these homes. Here’s an example from a previous short sale list of the information you will receive.
What is a Short Sale?
A Short Sale is a property that is being sold because the seller owes more than the property is worth. As a result, the lender forgives the sellers debt and allows the property to be sold for a loss.
How is it different from a Foreclosure?
When a house is foreclosed the seller walks away from the home and the bank/lender takes ownership of the home. It is then the responsibility of the bank to deal with the asset. With a short sale, the seller takes the initiative to sell the home and takes more responsibility to relieve the debt. Even though the seller’s credit will receive a “hit”, it will not be nearly as bad as a foreclosure.
Is this a Bargain?
Not all short sales are a bargain, but to the buyer who has time on their hands to wait for the right home and the resources to accurately assess the market, a short sale can represent a great deal! This is because the Short Sale process requires a lengthy approval process once an offer is received. As a result, homes that are offered for short sale can often be found at a significant value because most buyers do not have the luxury of waiting to see if their offer will be accepted by the bank/lender.
How do I find Short Sales & Foreclosures in My Area?
By filling out the above form, you will receive a FREE list of short sales in Fort Collins! This list will be current information regarding properties that are available for you to see from our Northern Colorado MLS! If you have additional questions or would like to set up a showing for any of these properties, please give me a call at 970-590-3201 or send me an email firstname.lastname@example.org. It would be my privilege to earn the opportunity to assist you in finding the perfect home.