Today on the Real Estate Lab Podcast, join our host Vee Khuu and his guest, Aaron Lebovic, as they talk about the Colorado foreclosure timeline. Aaron is the owner of the Renav Services Group, and they educate their clients about how the foreclosure process works. He is also a Seasoned Real Estate Agent, Instructor, and Certified Mentor of the eXp Realty. In this episode, he elaborates and shares examples of what to do in different foreclosure situations.
Outline of the Episode:
[00:45] The next inevitable wave of foreclosure.[04:17] Mortgage forbearance during the COVID-19.[08:43] There are two types of foreclosure: the judicial and the non-judicial.[11:34] Foreclosure Colorado timeline: What happens when a borrower goes into default?[15:02] What are the steps to get into a foreclosure auction?[18:27] There are two potential winning bidders at a foreclosure auction, one is an investor who buys the property at the auction and the other is the bank.[20:06] Junior Lienholder redemption rights can prevent the auction buyer from getting title to the property. [23:52] Aaron’s example of him actively participating in a foreclosure auction. Why did he decide not to compete against the other auctioneer? [28:53] A summary of the different times of opportunity in a foreclosure.Resources:
Website: http://www.renav.com/Company Website: https://aaronlebovic.exprealty.com/agentsContact: (303) 250-4440Facebook: https://www.facebook.com/AaronLebovicRealtor LinkedIn: https://www.linkedin.com/in/aaronlebovic Colorado Foreclosure Timeline: http://renav.com/timeline
Connect with Vee Khuu!
Website: http://www.veekhuu.com/Facebook: https://www.facebook.com/Veekhuu/Instagram: https://www.instagram.com/vee.khuu/Linktree https://linktr.ee/veekhuu
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