Foreclosures & bank-owned homes in the Roaring Fork Valley

Every active bank-owned (REO) home across the valley — properties the lender has already foreclosed on and now owns. These can mean a home at a great price, but bank-owned sales carry extra risk, so it pays to have your own buyer's agent.

Because the listing agent on a bank-owned property represents the bank, it's a good idea to work with your own buyer's agent who has experience with this type of sale and can protect your interests.

A few things to watch for: the property is often (not always) in rough condition; the bank is generally unwilling to pay for repairs or inspection items; bank addenda tend to favor the bank; and there's no Seller's Property Disclosure, which makes the home's condition harder to judge. If you're considering a foreclosure, get in touch and tell us about your goals.