Foreclosure Auctions Return To Colorado
Author: Charles Feldman • URL: http://www.thefeldmanblog.comOctober 31st, 2006 •
It’s been about 25 years since auctions were somewhat common in Colorado, but the high rate of foreclosures in the state has led to a new round of auctions scheduled next month in Denver.
According to the Rocky Mountain News, a Dallas company, Hudson & Marshall, plans to auction some 75 foreclosed homes.
The homes in auction, says the paper, are valued from about 25 thousand up to 200 thousand dollars.
Says one of the co-owners of Hudson & Marshall , Dave Webb, “There can be opportunities in a declining market.” He tells the paper, “The lenders are motivated to sell. First time buyers who have been shut out of the market can find opportunities, as well as investors.”
If you're new here, you may want to subscribe to our RSS feed or sign up for our real estate social network. Thanks for visiting!
Tags: auction, colorado, Foreclosures, housing, mountain, rocky
Joshua Dorkin
Charles Feldman
Ted Karsch.
Troy Schuricht
Anwell Tsai
Richard Warren
Jim Watkins
