Distressed Properties

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of Steamboat

To locate distressed properties off of my RealtyTrac site, please use the following map search:

This information is deemed reliable, but please keep in mind it is automated.

The default search area is Steamboat Springs. If you would like to search in an area specifically outside the 80487 zip code (i.e., Stagecoach, Oak Creek, Steamboat Lake, Clark, Hayden, Yampa, Phippsburg, Toponas, Milner, Columbine, Hahns Peak Village) simply type in the city name or zip code you want to consider.

If you would like a more personal and up-to-date list of all of the foreclosed, short sale and investment properties currently on the market, please email me at

DLabor@buysteamboat.com.

I would be glad to send the information to you.

Property Type Definitions:

A "Pre-Foreclosure" (aka "Short Sale") involves making an offer to buy the property outright. The property is still being sold by the individual owner, but the owner is looking to sell it for a price short of what he/she currently owes on the mortgage. Offers have to first be negotiated with the seller, then approved by the lender. These purchases take more time to consummate, and at times can be frustrating, but can be done with a little patience and fortitude.

If a property is an "Auction" property the loan has not been reinstated by the end of the pre-foreclosure period and I can assist buyers to bid on the property at public auction. It typically requires buyers to pay cash at the auction and they may not have much time to research the title and condition of the property beforehand.

A "Bank Owned" property is where the lender has taken ownership of the property, either through an agreement with the owner during pre-foreclosure ar at the public auction. In this situation the lender will typically clear the title and perform needed maintenance and repair. Bank foreclosures can become government foreclosures if the loan is backed by a government agency such as the Department of Housing and Urban Development (HUD) or the Department of Verteran Affairs (VA).

"Government Owned" properties is a foreclosed property offered for sale by a government entity. When a property purchased with a federally insured morgage (i.e., FHA, VA) is foreclosed by the lender, the federal government pays the lender what is owned, takes possession and offers the property for sale.

Should you find a property of interest, please email me with any questions you have, and I would be happy to send you the full listing sheet plus answers to your questions. Distressed properties are a specialty unto themselves. As an exclusive buyer broker versed in this unique process, I am here to lend my 28+ years of expertise to work for you. While values abound in our market today, there is more value in engaging the expertise and negotiating skills of an exclusive buyer's broker - I specialize in serving the specific needs of buyers and am here to assist and guide buyers in every aspect of their purchase.