Steamboat Springs Real Estate - Stephan Zittel - High Mountain Sotheby's International Realty

Short Sales and Foreclosures

Unfortunately, we live in a time when many buyers have the option to buy properties that are being sold as “distressed properties”.  This search is focused on potential Short Sale properties and properties that have gone through the Foreclosure process and are now bank owned .  A short sale situation occurs when the seller owes more on the property than it is worth (in today’s market).  The seller may or may not be current on their payments and may or may not be in default.  For a brief description of Short Sales and the process involved in buying them, click on The Short Sale.  To better understand the Foreclosure Process and bank owned properties, click on Foreclosures.