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 Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 Over $1,000,000
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Commercial Property for Sale in Erie at 3140-3160 Village Vista Dr: MLS® 685482

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Homes for Sale in Erie, CO

$4,350,000

3140-3160 Village Vista Dr

Erie, CO

  • 2.30 Acres

Commercial Listing

MLS® #685482

Status Active

Two Building Portfolio Offering, 81% Occupied With Diverse Tenant Mix And Spread Out Expiration Dates. Medical, Financial Services, Food Service, Cleaners And Salon Are Tenants In The Newer Proper...

Sperry Van Ness / Tgc

Home for Sale in Erie at 2725 Sunset Pl: MLS® 687787

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Homes for Sale located at 2725 Sunset Pl, in the city of Erie, CO 80516

$350,000

2725 Sunset Pl

Erie, CO

  • 3 br
  • 3.0 ba
  • 3,937 ft²
  • 0.20 Acres

Single Family Home

MLS® #687787

Status Active

Beautiful Home On A Quiet Cul-de-sac. French Front Doors Bring You To The Formal Living/dining Room W/ Vaulted Ceilings, Plenty Of Light & Elegant Grand Staircase. The Kitchen Is Every Chef's Dream...

Prudential Re Of The Rockies-b

Home for Sale in Erie at 2431 Ivy Way: MLS® 701338

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

$319,900

2431 Ivy Way

Erie, CO

  • 4 br
  • 3.0 ba
  • 3,780 ft²

Single Family Home

MLS® #701338

Status Active

Fannie Mae Homepath Property. Approved For Both Homepath & Homepath Renovation Financing With As Little As 3% Down. Offers Made Only Online Via Homepath.com. Needs Lots Of Work. Sold "as-is". Buyer...

Re/max Of Boulder, Inc

Home for Sale in Erie at 1140 Sunset Way: MLS® 707209

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Erie Real Estate - MLS # 707209, Single Family Home real estate for Sale in Vista Ridge, MLS Listings # 707209

$274,900

1140 Sunset Way

Erie, CO

  • 4 br
  • 3.0 ba
  • 3,769 ft²

Single Family Home

MLS® #707209

Status Active

Great Location With Mountain Views From The Master Bedroom. This Home Needs Some Tlc But Come Make It Your Own.

Colorado Investors R.e. Svcs.

Home for Sale in Erie at 1574 Westin Dr: MLS® 702238

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MLS #702238 for Sale at 1574 Westin Dr, in the city of Erie, 80516

$259,000

1574 Westin Dr

Erie, CO

  • 3 br
  • 3.0 ba
  • 2,253 ft²
  • 0.13 Acres

Single Family Home

MLS® #702238

Status Active

Home Is In Foreclosure Process. Do Not Miss This Adorable Home In The Perfect Location Backing To Open Land With Views! No House Behind You; Watch Spectacular Sunsets As This Home Sits High On The ...

Cardamone Realty

Home for Sale in Erie at 270 Bonanza Drive: MLS® 1168493

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Erie Homes for Sale in the neighborhood of Grandview Sf/erie in the Zipcode of 80516

$252,000

270 Bonanza Drive

Erie, CO

  • 4 br
  • 3.0 ba
  • 2,804 ft²
  • 0.14 Acres

Single Family Home

MLS® #1168493

Status Active

Lots Of Potential*large Backyard*master Suite*walkout Basement*

Keller Williams Preferred Rlty

Townhome/Condo for Sale in Erie at 2875 Blue Sky Cir 4-102: MLS® 701935

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Townhouse / Condo Real Estate for Sale at 2875 Blue Sky Cir 4-102 in the city of Erie by MLS #701935

$149,000

2875 Blue Sky Cir 4-102

Erie, CO

  • 2 br
  • 2.0 ba
  • 1,271 ft²

Townhouse / Condo

MLS® #701935

Status Active

Ground Floor Main Level 2bed 2bath Condo On Golf Course. Short Sale. Super Great Condition. All Appliances Convey. Showings On Weekends Only.

Bodin Realty International

Townhome/Condo for Sale in Erie at 3035 Blue Sky Cir 10-306: MLS® 705521

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MLS Number 705521 in the city of Erie Homes for Sale by Blue Sky At Vista Ridge Amd 3, the zipcode of 80516

$134,900

3035 Blue Sky Cir 10-306

Erie, CO

  • 2 br
  • 2.0 ba
  • 1,156 ft²

Townhouse / Condo

MLS® #705521

Status Active

Two Bedrooms, 2 Spacious Bathrooms. Gas Fireplace, Appliances Stay. Solid Surface Tops. Unit In Great Condition. Decks Face The Golf Course. Clubhouse Includes Playground, Picnic Area, Workout Fa...

Keller Williams 1st Realty

Townhome/Condo for Sale in Erie at 2800 Blue Sky Cir 2-202: MLS® 671103

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2800 Blue Sky Cir 2-202, in the city of Erie Real Estate in CO by Blue Sky,

$110,000

2800 Blue Sky Cir 2-202

Erie, CO

  • 2 br
  • 2.0 ba
  • 1,271 ft²

Townhouse / Condo

MLS® #671103

Status Active

Great 2nd Story Loft Style Condo. 2 Master Suites, 2 Full Bathrooms, Granite, Vaulted Ceilings, Patio, Gas Fireplace, Laundry Room, Designer Kitchen, Great Floor Plan, Parks, Clubhouse, Pool, Hot T...

Prudential Re Of The Rockies-b

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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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Listing information last updated on May 25th, 2013 at 2:15pm MDT.