Durango Colorado distressed properties -- short sales, foreclosures, REOs-- Durango, Bayfield, Hesperus, Ignacio real estate listings
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Learn about: Short Sales, Foreclosures and Bank Owned Properties
Distressed Properties in the Durango, Colorado area
Buying or selling a distressed property in the Durango, Colorado area can be a complex process-- emotionally stressful for sellers experiencing financial hardship and confusing for buyers looking for good investments. Because of the many complex issues involved with working with Southwest Colorado distressed properties, the Wells Group offers a team of experienced and knowledgeable brokers who have worked with these properties and are familiar with issues pertaining to them, including the Colorado Foreclosure Protection Act. The Wells Group brokers can assist you with information about distresssed properties in Durango, Bayfield, Hesperus, Ignacio and in the surrounding Southwest Colorado area.
Distressed properties include short sales, foreclosures, and bank owned (real estate owned or REO) properties:
A short sale is when the lender agrees to take less than what is owed.
A foreclosure is when the lender files a legal action to take back the property that is security for the indebtedness.
Bank owned property (or real estate owed – REO) is when the lender is the owner of the property.
Nice 2 bedroom, 2 bath townhome in Durango West II. Large living room with vaulted ceilings, woodburning fireplace with a stone hearth and surround, and large windows allowing for plenty of natural light. The kitchen has granite countertops, tiled floors, oak cabinets, and a breakfast bar overhang. Tiled flooring continues into the dining room which has a sliding glass door to the Trex deck. Two bedrooms, a full bath, and a two car attached garage round out the home.
Looking for the best deals? Go with the brokers who know.
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