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Are you the listing agent for this property? If so, how long has it been on the market?

  • Question refers to 5336 Altura St, Denver, CO 80239
  • February 15 2009
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Answers (1)

This home was listed in 2007 and went to foreclosure sale (public trustee auction) in January 2008.  It became bank-owned (sold for $115k at auction) and then sold again in July 2008 as a REO for $51k.

This home was listed as a short sale for $85k in 2007 and then sold with deficiency at auction. 

As you can see the new purchaser got a great deal at $51k and the bank took a huge loss (over $144k was owed on the property).  This is an example of how you can get some great deals on bank-owned properties.

  • February 25 2009
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