Foreclosures in Erie, Colorado

Before you venture into the Erie foreclosure market, you need to decide whether a short sale or foreclosure is better for you. A foreclosure is also known as a bank owned home or REO (real estate owned). These terms all refer to the fact that ownership of the home has reverted to the lender, so buyers will need to negotiate with a bank instead of a private homeowner. At below market prices, foreclosure properties can provide buyers with a great opportunity to buy affordable real estate in the Boulder region. The median price for Erie foreclosures is currently around  $240,000.

If you're in the market for a distressed property, but aren't sure if Erie is right for you, be sure to check out our listings in these other areas: Boulder, Louisville, Lafayette, Longmont, and Broomfield.

Read more about foreclosures in Erie, view listings for sale below, or Contact Us to buy or sell Erie real estate.

Erie CO Foreclosure Listings

All Listings $100,000 - $200,000 $200,000 - $300,000
$400,000 - $500,000 Over $1,000,000
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Commercial Property for Sale in Erie at 3160 Village Vista Drive: MLS® 722661

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Homes for Sale in Erie, CO

$1,600,000

3160 Village Vista Drive

Erie, CO

  • 0.68 Acres

Commercial Listing

MLS® #722661

Status Active

Multi-tenant Retail Investment Offering, Two 1,200 Sq Ft Units Available. Currently 78% Leased. High Visibility In Busy Modern Strip Center Located Along Highway 7, Two Miles West Of I-25 Interchan...

Sperry Van Ness / Tgc

Home for Sale in Erie at 7137 Reflection Drive: MLS® 7779332

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Homes for Sale located at 7137 Reflection Drive, in the city of Erie, CO 80516

$1,300,000

7137 Reflection Drive

Erie, CO

  • 6 br
  • 8.0 ba
  • 9,042 ft²
  • 2.16 Acres

Single Family Home

MLS® #7779332

Status Active

Lake Access Property With Gorgeous Views And Boat Doc. Open Floor Plan. Subject To Bankruptcy Court Approval. With A Little Tlc This Home Can Shine Again.

Re/max Alliance 3000, Llc

Home for Sale in Erie at 2272 Dogwood Drive: MLS® 8020512

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Single Family Home Real Estate for Sale located in the neighborhood of Vista Ridge, in the city of Erie, CO

$432,500

2272 Dogwood Drive

Erie, CO

  • 4 br
  • 4.0 ba
  • 3,689 ft²
  • 0.15 Acres

Single Family Home

MLS® #8020512

Status Active

Backs To Golf Course With Lovely Open View Of Course And Views Of Mountains (not Many Homes Offer The Kind Of Views You Get With This Property!) Great Floor Plan With Main Level Vaulted Master Suit...

Re/max 100 Inc.

Home for Sale in Erie at 4415 Ne County Line Road: MLS® 730587

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Erie Real Estate - MLS # 730587, Single Family Home real estate for Sale in None, MLS Listings # 730587

$427,900

4415 Ne County Line Road

Erie, CO

  • 2 br
  • 2.0 ba
  • 2,300 ft²
  • 1.88 Acres

Single Family Home

MLS® #730587

Status Active

*** Boulder County Acreage Property *** Plumbed And Heated Detached Second Structure Can Be Used As An Office Or Studio. Offers To Be Submitted Via Offersubmission.com - Id# 919451. Property Being ...

Progressive Realty, Inc

Home for Sale in Erie at 643 Grimson Place: MLS® 737938

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MLS #737938 for Sale at 643 Grimson Place, in the city of Erie, 80516

$298,880

643 Grimson Place

Erie, CO

  • 4 br
  • 3.0 ba
  • 3,296 ft²
  • 0.13 Acres

Single Family Home

MLS® #737938

Status Active

Short Sale! 360 Degree Views W/ Lake To The S, Mtn Views To The W, Front Range Mtns & Unobstructed Plains Views. Backs To Open Space & Trails, Walking Distance To Rec & Library, New Charter Academy...

Coldwell Banker Res-canyonblvd

Home for Sale in Erie at 573 Hendee Court: MLS® 8117342

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Erie Homes for Sale in the neighborhood of Canyon Creek in the Zipcode of 80516

$289,900

573 Hendee Court

Erie, CO

  • 4 br
  • 2.0 ba
  • 2,056 ft²
  • 0.12 Acres

Single Family Home

MLS® #8117342

Status Active

Beautiful Home In Erie. Bright Open Floor Plan. Large Windows. Kitchen With Eating Area. New Carpet And Paint. New Roof. Private Fenced Yard. Attached 2 Car Garage. Walk In Closets. Lots Of Storage...

Keller Williams Preferred Rlty

Townhome/Condo for Sale in Erie at Unit 11-108 - 3000 Blue Sky Circle: MLS® 4563031

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Townhouse / Condo Real Estate for Sale at Unit 11-108 - 3000 Blue Sky Circle in the city of Erie by MLS #4563031

$164,900

Unit 11-108 - 3000 Blue Sky Circle

Erie, CO

  • 2 br
  • 2.0 ba
  • 1,289 ft²

Townhouse / Condo

MLS® #4563031

Status Active

Great Opportunity In Vista Ridge. Move In Ready. Cozy Fireplace. Spacious, Bright And Open Floor Plan. Walk In Closets. Detached Garage. Close To All Amenities, Schools And Golf Course. This Is A F...

Keller Williams Preferred Rlty

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Erie Bank Owned Homes & Short Sales

Unlike bank owned homes, short sales take place prior to the foreclosure filling, when a homeowner is having difficulty paying their mortgage. Essentially, the homeowner tries to sell his or her home for less than is owed on the mortgage. This requires approval from the lender, but is one way for both parties to avoid the foreclosure process.

For buyers, short sales can be an excellent way to save money on a house, while being less risky than a foreclosure. This is because the homeowner is still living in the house and actively trying to attract a buyer. The homeowner is motivated to sell, so he will care for the house more than someone losing their home to foreclosure.

There are drawbacks however, as short sales can be time consuming and require a lot of paperwork. There's also no guarantee that the bank will approve of a short sale, but if you find a property you love, a short sale might be worth the effort. Our team of Erie real estate agents will be able to recommend properties that make good financial sense.

Want to Learn More About Erie Foreclosures?

Contact the experts at BoulderCo.com for advice about buying or selling a home in Boulder County, Colorado. Contact us online, call us locally at 303.449.7000 or toll-free at 1.800.825.7000.

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Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC.® Real estate listings held by brokers other than RE/MAX of Boulder are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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Listing information last updated on July 24th, 2014 at 5:15am MDT.