Have you heard the ads on the radio or the TV about how you can buy a foreclosed on home for half price or no money down?   Have you spent money on those websites to find the latest foreclosures?   Have you heard the term REO?

Well these are misleading ads and websites.  They tell you the partial truth.  You can sometimes buy a foreclosure for half price.  The half price meaning half the price of what the home might have sold for 2-3 years ago.  Not half of what a foreclosure is listed today. 

As for the websites.  A lot of them have outdated information or not correct information. 

How do you find the best information for foreclosues?  Especially in the Greeley Colorado Real Estate market?  

Find a Realtor.

That’s all you need to do.  Most if not all foreclosures are listed by Realtors.  Some banks don’t even want their foreclosures advertised as foreclosures, but there are ways to tell from the Multiple Listing Service that they are foreclosures.

If you want to find out what foreclosures are coming then you can simply, in most cases, look at your county’s public trustee website.  In Weld County in shows what’s going to sell at the foreclosure auction and what has sold.  It also shows what is just entering into the foreclosure process.

REO means Real Estate Owned.  It is kind of a silly term in my opinion.  It means Real Estate Owned by the lender. 

In other blogs I’ll discuss more how the foreclosure process works in Greeley Colorado and Weld County Colorado. 

For complete details on everything Greeley Colorado Real Estate visit my website at http://www.greeley-weldcountyhomesforsale.com

If you are interested in finding out more about foreclosures in Greeley Colorado just fill out the form below. 

Marc Oster

Y and M Real Estate LLC

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