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VA foreclosures in Colorado: how VA-owned homes are sold and how to buy one

Looking for VA foreclosures in Colorado? When a VA-backed loan forecloses, the VA can take the home back and sell it. Those VA-acquired homes list through VRM, the VA's asset manager, with a local broker. Anyone can buy one, not only veterans, and a veteran can use a VA loan if the home meets VA condition rules. The Kenna Real Estate Group at Keller Williams DTC tracks bank-owned, HUD and VA homes across Colorado and sends buyers new ones the day they list. Call or text 303-955-4220. A live person answers. Not a robot, not a phone tree.

Foreclosure, bank-owned and short sale homes: Colorado

721 Properties Found
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Foreclosure, bank-owned and short sale homes: Colorado Market Stats

721
Homes Listed
101
Avg. Days on Site
$239
Avg. $ / Sq.Ft.
$387,019
Med. List Price

The short answer

How do I buy a foreclosure in Colorado?

Get pre-approved, watch the live list, and offer on bank-owned homes through the listing agent. Banks sell as-is, so inspect first and budget for repairs. Call or text 303-955-4220 and we send new listings the day they appear.

How buying a foreclosure works

Step 1

1. Get pre-approved

Banks want a pre-approval or proof of funds first. Ask us for a lender.

Step 2

2. Watch the list

New foreclosure and bank-owned homes list daily. We send them to you first.

Step 3

3. Inspect and offer

Homes sell as-is. Inspect the roof, furnace, plumbing and foundation, then offer.

Step 4

4. Close and repair

Closings run 30 to 45 days. Budget for repairs, since banks rarely make them.

Fit check

What to know before you offer on a VA foreclosure

VA loan condition rules

A home must meet VA minimum property requirements for a VA loan. We flag problems at the showing.

Funds and pre-approval

Offers need a pre-approval or proof of funds. Ask us for a VA lender.

Timeline

The asset manager answers offers in days. Keep your pre-approval current.

Not on the list?

The list below shows every Colorado foreclosure and bank-owned home. Ask us to flag the VA-owned ones.

Local anchors

VA foreclosure basics

VRM

The VA's asset manager lists and sells VA-acquired homes through local brokers.

Who can buy

Anyone. Veterans can use a VA loan, and other buyers can use FHA, conventional or cash.

As-is sales

VA homes sell as-is. Inspect first and budget for repairs.

Kenna Real Estate Group at Keller Williams DTC

VA, HUD and bank-owned home help across Colorado. 303-955-4220.

The foreclosure clock for Colorado owners

A typical Colorado foreclosure runs about 110 to 125 days from the recorded notice to the county public trustee sale. Your notice shows your real dates.

Day 0: notice recordedDay 95Day 110-125: sale
Days 0 to 95: your widest optionsReinstate, modify, list for sale or start a short sale with time for the servicer to respond.
About day 95: cure deadlineOwners can cure the default up to about 15 days before the sale date. Ask your servicer for the exact date and payoff in writing.
Days 110 to 125: the saleThe county public trustee holds the auction. A sale can be postponed only by the servicer or by law, so do not count on it.

Colorado foreclosure questions people ask

How do I find foreclosure homes in Colorado?

Use the live list above. It shows foreclosure, bank-owned and short sale homes for sale now. Call or text 303-955-4220 and we send new ones as they list.

Can I buy a foreclosure at the public trustee auction?

Yes, but auction buyers pay with certified funds, cannot inspect inside and buy as-is. Most buyers wait for the home to list as a bank-owned (REO) home, where you can inspect and finance.

Can I use a mortgage to buy a bank-owned home?

Yes on most. FHA, VA and conventional loans work when the home meets the loan's condition rules. Homes with major damage may need cash or a renovation loan.

Are foreclosure homes cheaper?

Often, but not always. Banks price to recover what they are owed. The savings show up in condition and speed, so compare against nearby sales before you offer.

What is the difference between a foreclosure, a bank-owned home and a short sale?

A foreclosure is the legal process. A bank-owned (REO) home is one the bank took back at the county public trustee sale. A short sale is a sale for less than the loan, with the lender's approval, before foreclosure finishes.

What if I am the owner and I am behind?

Act before the sale date. Read our stop foreclosure guide or call 303-955-4220. You can reinstate, modify, sell or short sale.

What is a VA foreclosure?

A VA foreclosure is a home the VA took back after a VA-backed loan went through foreclosure. The VA then sells it through its asset manager, VRM.

Do I have to be a veteran to buy a VA foreclosure?

No. Any buyer can offer. Veterans can use a VA loan if the home meets VA condition rules.

Where do I find VA homes for sale in Colorado?

They list on the MLS as bank-owned homes, and the VA's contractor lists them as well. Call or text 303-955-4220 and we send them to you.

Want foreclosure homes the day they list?

Call or text and we send new bank-owned and foreclosure homes first. A live person answers.

Get foreclosure homes sent to you

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