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.”
Related posts:
- Cash Required at Foreclosure Auctions
- Snowstorm of Foreclosures Blanket Colorado County-Highest In Nation
- An investor’s experience at foreclosure auction
- Understanding The Foreclosure Process
- Mid-September National Foreclosure Update
Article Author: Charles FeldmanCharles has written 179 articles for us.
Visit Charles's Website: http://www.thefeldmanblog.com
Charles is currently reporting for KNX Radio in Los Angeles, is the co-author of the book No Time To Think, and can be found commenting about the news on his blog, The Feldman Blog, as well as on The Huffington Post.
Joshua Dorkin
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