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Colorado Short Sale and Foreclosure Real Estate
Colorado Short Sales & Foreclosures:

MAP DIRECTIONS

Step #1
Please select the geographical region you are interested in, by clicking on a gold house within a colored tile.

Step #2
Select the price range you are interested in by clicking on the price.

Step #3
Scroll down through the properties in the new window that will pop up.

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Short Sale Definition:
In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor.

Foreclosure Definition:
Foreclosure is the legal proceeding in which a mortgagee, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property. While a equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption.
KL Realty's comprehensive Colorado Short Sale and Foreclosure real estate search.  Featuring an interactive map for finding only Short Sale and Foreclosure property in the Denver, Boulder, Longmont, Greeley and Fort Collins area.
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