Distressed Properties

in Southwestern Colorado

Contact your Wells Group Broker for informationĀ about Distressed Properties including short sales, foreclosures, and bank owned properties in Durango, Colorado:

  • A Short Sale is when the lender agrees to take less than what is owed.
  • A Foreclosure is when the lender files a legal action to take back the property that is security for the indebtedness.
  • Bank Owned Property or Real Estate Owed (REO) is when the lender is the owner of the property.

Buying or selling a distressed property in the Durango, Colorado area can be a complex process – emotionally stressful for sellers experiencing financial hardship and confusing for buyers looking for good investments. Because of the many complex issues involved with working with Southwest Colorado distressed properties, the Wells Group offers a team of experienced and knowledgeable brokers who have worked with these properties and are familiar with issues pertaining to them, including the Colorado Foreclosure Protection Act. The Wells Group brokers can assist you with information about distressed properties in Durango, Bayfield, Hesperus, Ignacio and in the surrounding Southwest Colorado area.

*Our Southwest Colorado Region includes listings from the following: Durango Area Association of Realtors, Cortez Area Association of Realtors, Pagosa Springs Association of Realtors, San Luis Valley Board of Realtors, Delta County Board of Realtors