Newbie looking at foreclosures - need some advice - Posted by Ken

Posted by Ben on June 15, 2000 at 04:57:12:

Approach the owner. Cash is king.

Newbie looking at foreclosures - need some advice - Posted by Ken

Posted by Ken on June 15, 2000 at 03:51:53:

After a couple of years of procrastinating, I took a baby step and went down to the county courthouse to look at their books of foreclosures. I live in one of the hottest markets in the country (Front Range of Colorado) and was a little surprised at the number of forclosures listed.

I also found out that here there is a redemption period of 75 days after the sale (could that be why no one attends the sales, according to the clerk?). Since that is the case I figure the way to approach things is to contact the owner and/or lender before the sale, but is that legal in Colo?

What is the best way to approach this?

Any help is appreciated.