Fort Collins, Co Pre-foreclosures

[Logan McConnell]

Hi,

Can anyone provide me with any information in regards to pre-foreclose property? On Zillow, I keep seeing pre-foreclosure property which I am interested in. However, I have no idea where to go from here. I have seen several properties I would like to purchase but they never seem to make it to the MLS and they eventually disappear. Are they auctioned off, sold privately, or eventual go onto the MLS?

Any information or links would be much appreciated!

Thanks

Logan

[Duke Marquiss]

In Colorado, the listings of pre-foreclosure are those that have had a notice of default filed with the trustee.  Most of those owners either catch them up or do a workout with the lender.  A few will follow up with an actual foreclosure.  A lot of buyers reach out to the borrowers and try to buy by catching up their payments and giving them some money to walk away with and buy subject to.  You can go to the Larimer County public trustees office site and follow the process.  It usually takes about 120 days after the Notice of Default to actually go to sale.  Hope this helps.