With the number of homes in foreclosure most banks and lending institutions are left with an inventory of homes and there are no conventional resources to purchase. While in the earlier years of 2006 and 2007, many homes were sold either during pre-foreclosure or bank auctions, the majority of Colorado foreclosures today go back to the bank or the lender, which are now looking for desperate measures to sell these properties and cut their losses. Although 2010 looks much better, many properties will go back to the bank. this open the door for many more deals that are now available for investor bulk purchases.

Yes, that is correct, a grand opportunity for cash buyers in purchasing portfolios. A portfolio is a conglomerate of properties that are bundled and purchased directly from the bank at a discount. The properties can then be resold or leased for an excellent source of cash flow.