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deal: Short Sale Opportunity in Fort Collins, Colorado - 03/13/09 07:56 AM
In Northern Colorado, while the amount of foreclosures has slowed for the time, the amount of short sale opportunities is rising, especially in newer neighborhoods less than 10 years old. We are also seeing some good opportunity in investment properties with 4+ bedrooms near the CSU campus.
As a buyer or seller, please understand that the short sale approval process requires patience. With some banks today, it can take nearly 60 days or more to get the bank to signoff. Even REO properties can take time for approval, as the offer sometimes must go thru the higher channels of the bank. … (0 comments)