A snapshot of the Fort Collins real estate market reveals the following interesting highlights. There are at present a mere 304 foreclosed homes and houses for sale through the foreclosure auctions scheduled to take place in the imminent future. These homes carry the median asking price of a modest $181,668. Additionally, as many as 1,631 other MLS and FSBO houses are also included among the forthcoming real estate listings auctions in Fort Collins. These properties bear the median quoted price of a relatively higher $250,000. Hence, it becomes obvious even on a cursory glance that the foreclosed homes appear to be enjoying an attractive discount of over 30 percent over the other properties that are governed by the prevailing market home prices.
The temptingly discounted prices of the foreclosed homes at the ongoing foreclosure auctions in Fort Collins are in tune with the trend witnessed all over the US. Indeed, intending homebuyers are increasingly turning to the foreclosure auctions in various US cities and towns as their first hunting ground for their dream homes. There are scores of property brokers active in the city, but Julie Ogorman, Lydia Bliven, Kay Osentowski and Dennis W. Acott have particularly established their credentials as competent, responsive and influential real estate agents. With an expert agent representing your financial interests, you can rest assured about the security of your hard-earned finances.
Top Livability Index Relocation Choice
Fort Collins is the county seat and the most populous city of Larimer County, in the US state of Colorado. The city is located within 100 km of Denver, the capital of Colorado State. The city had been ranked as the Best Place to Live in by the prestigious Money magazine as recently as in 2006. The diverse suburban cities of Fort Collins include Timnath, Berthoud, Loveland, Wellington, Windsor and Estes Park. In addition, the umpteen unincorporated communities in the vicinity of Fort Collins include Waverly, Buckeye, Glen Haven, Manhattan, Virginia Dale, Old Roach, Livermore, Cherokee Park, Rustic, Pinewood Springs, Red Feather Lakes and Drake.
Gorgeous Homes at Alluring Discounts
The foreclosure auctions in Fort Collins include splendid residences at frequently barely half their usual market prices. The foreclosed properties had been mostly foreclosed by the banks, while the rest had been variously seized by HUD, VA, Fannie Mae, Freddie Mac and the Sheriff. Consistent default in the mortgage installments by the homeowners leads to their foreclosure. None of the seizing agencies named above is per se a real estate player. Hence, such REO or real estate owner merely represents the NPAs or nonperforming assets of the lenders. As such, they are naturally keen to reconvert the properties into liquid cash. Moreover, the auctioneer is interested only in recovering the mortgage amount that remains pending towards each of the foreclosed houses. The listed prices are, therefore, invariably at a tangent from the prevailing market values of the seized houses. This works to the delight and benefit of the potential homebuyers, who get the chance of acquiring grand houses at about half their actual prices.