Luxury foreclosures
Luxury foreclosures in Colorado.
Bank-owned estates, Public Trustee sales and pre-foreclosure homes above $1 million, sold as-is.
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A luxury foreclosure comes three ways: before the sale (pre-foreclosure or short sale), at the county Public Trustee sale, or after it as a bank-owned home. Each one sells as-is, so the inspection and title work decide the deal.
Pre-foreclosure.
The owner still holds title. A short sale needs the lender's written approval.
Public Trustee.
The county auction. Certified funds, no inspection, no contingencies.
Bank-owned (REO).
The lender lists it with an agent. You make an offer with inspection and financing.
Sold as-is.
The seller makes no repairs. Price the repairs before you offer.
What should I check on a luxury foreclosure?
- Title. Order a title commitment. Look for second liens, HOA liens and judgments that survive the sale.
- Winterization. Vacant homes get winterized. Ask for de-winterization and a pressure test before inspection.
- Systems. Inspect the roof, HVAC, sewer line, pool and any smart-home equipment. Vacant homes hide water damage.
- Occupancy. At a Public Trustee sale you inherit any occupant. A bank-owned home comes vacant.
How do I buy one?
- Get approved first. Banks ask for proof of funds or a jumbo pre-approval with every offer.
- Watch the listings. Bank-owned homes list on the MLS. Set a saved search on kennarealestate.com.
- Offer on the bank's form. Banks add their own addendum. Read the deadlines and the as-is clauses.
- Close on time. Banks charge per-day penalties for late closings.
Homes for sale now
See foreclosures for sale now.
Bank-owned and HUD homes, updated every day.
Quick answers
Questions about foreclosures.
How do foreclosures work in Colorado?
Most Colorado foreclosures run through the county Public Trustee. The home goes to a public sale; if no outside bidder wins, the lender takes it back and sells it later as a bank-owned (REO) home.
Can I finance a bank-owned luxury home?
Yes, with a jumbo or conventional loan once the bank accepts your offer. Public Trustee sales require certified funds. Mike Oswald at Rate writes jumbo loans: (720) 677-5816. You may use any lender.
Are HUD homes the same thing?
No. HUD homes are FHA-insured homes the government took back. See every Colorado HUD home on denver-hudhomes.com.
Further reading
From the Kenna network.
Free playbook
The Colorado Luxury Downsizing Playbook.
Sell the estate, buy the right home, move once. The 12-week plan, the tax and cash questions, the ranch, patio, 55+ and golf communities, and the checklist. 8 pages, free.
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Private consultation
Ask us about a luxury foreclosure.
303-955-4220A live person answers. Not a robot, not a phone tree.
- Private showings on your schedule, including evenings and weekends.
- Off-market homes from the Kenna Real Estate Group's agent network.
- One point of contact from the first showing to the closing table.
Kenna Luxury Real Estate is a division of the Kenna Real Estate Group at Keller Williams DTC (KWDTC).