There is a lot to consider when purchasing foreclosures. I’ve been working with buyers looking for foreclosures in the Boulder County and Lafayette Colorado area for years. Some of the questions Jonathan A. Goodman, Esq. details in his below article on the features and facts of foreclosure and lenders I found very applicable to buyers in the Boulder Colorado area. The questsion he focuses on is explaing why lenders do not bid more than they are owed, and why the foreclosing lender is often the only bidder at foreclosure sales.

Take a look at the article and I think it will help you in your understanding of foreclosures while house hunting in Lafayette.

Detail of the article can be reviewed at: http://frascona.com/resource/jag105foreclosurefaq.htm