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 $300,000 - $400,000
$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 4415 Ne County Line Road: MLS® 730587

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Homes for Sale located at 4415 Ne County Line Road, in the city of Erie, CO 80516

$463,900

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

All Offers To Be Submitted Via Offersubmission.com - Id#919451. Buyer/buyer's Agent To Verify Square Footage And All Other. Property Sold 'as-is' & 'where-is' & 'with All Faults.' Buyer To Pay $300...

Progressive Realty, Inc

Home for Sale in Erie at 1560 Brimble Dr: MLS® 6583939

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

$310,000

1560 Brimble Dr

Erie, CO

  • 3 br
  • 3.0 ba
  • 2,894 ft²
  • 0.12 Acres

Single Family Home

MLS® #6583939

Status Active

Subject To Short Sale Approval. The Short Sale Bank Has Come Back With A Pre-approval Purchase Price Of $310,000.00. We Can Close This Short Sale Transaction Quickly If A Full Price Offer Is Submit...

The Digiorgio Group

Townhome/Condo for Sale in Erie at 1450 Blue Sky Way 12-201: MLS® 729372

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Erie Real Estate - MLS # 729372, Townhouse / Condo real estate for Sale in Vista Ridge, MLS Listings # 729372

$165,000

1450 Blue Sky Way 12-201

Erie, CO

  • 2 br
  • 2.0 ba
  • 1,271 ft²

Townhouse / Condo

MLS® #729372

Status Active

Great Location And A Beautiful Place To Call Home. The Living Room Is Light And Large, The Bedrooms Are On Opposite Ends And Both Have Walk In Closets. The Master Suite Is Simply Awesome. Large Lau...

Mb/serene Realty

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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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Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on April 19th, 2014 at 8:27pm MDT.