Distressed Durango Properties

Don Ricedorff has extensive experience and knowledge about the many complex issues involved with working with foreclosed Durango properties. Don, a Certified Distressed Properties Expert (CDPE) is familiar with the issues involved with short sales, foreclosures and REO's (bank owned properties)-- as well as the requirements of the Colorado Foreclosure Protection Act.

Buying or selling a distressed property in the Durango, Colorado area is a complex process, that can be emotionally stressful for sellers experiencing financial hardship-- as well as confusing for buyers looking for good investments. Don Ricedorff has the expertise to make this process as smooth as possible. Short sales, foreclosures, and bank owned REO properties-- are all distressed property types. 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. A Bank owned property (or real estate owed – REO) is when the lender is the owner of the property. Call Don Ricedorff today for more information.