Sold on Deals at Denver Foreclosure Auction
This past weekend there was a large foreclosure auction in Denver, selling close to 100 properties for huge discounts. The Denver Post wrote up review here that discusses a first time homebuyer’s purchase, as well investors looking to rent out these properties as an investment.
When I saw some of the deals sold, they weren’t anything better than what my investors see everyday through my “daily hotsheet.” Again, our software scans the Denver/Boulder MLS everyday and determines how much under market value these properties are.Â Many are 50 cents, even higher, on the dollar.
Lastly, any investors interested in buying a large bulk REO deal, please contact me ASAP, as I’ve got a few in the works that can be discussed.