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Colorado State Profile
The Colorado economy grew faster than the nation during 2005. Employment revisions by the U.S. Bureau of Labor Statistics place the state's fourth quarter 2005 employment growth rate at 2.2 percent ranking it as the 16. th....
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Finding Opportunity in the Colorado Real Estate Market: Pre-Foreclosures
In any real estate market -specially in areas in which home valuations are facing downward pressures (i.e., high unemployment levels, overpriced housing markets, or high levels of adjustable-rate mortgages), a certain portion of homeowners will be in default of their mortgage payment or facing foreclosure.
Mortgage loan default can occur dues to many reasons: job loss, divorce, health issues. Numbers of mortgage lenders practices have contributed to default rates due to the introduction of mortgage products that were projected to lower monthly loan payments and to help borrowers qualify for larger loan amounts, while others involved little in the way of documentation during the approval procedure. These riskier loans have made it easier for some people to get mortgage loans, but they also can raised the possibility that some borrowers may end up in foreclosure...
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Your Colorado Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
Try a number of pre-foreclosure listings sites and evaluate which offers the best most current listings. Like with any product, an extensive search for and comparison for available pre-foreclosure list will give you the best price and value for money. Pre-foreclosure listings are public information and generally available at the local recorder's office.
All the sites listed below offer listings for a fee. Take advantage of the free trial period offered evaluate their listings. The sites should offer the latest listings with daily/monthly updates. Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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Colorado Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Typically 60 days
- Right of Redemption: Yes
- Deficiency Judgments Allowed: Yes