Need realtor in Pagosa area....read post. (Pagosa Springs: short sales, real estate)

[Kat1996]

This is a long story so please bear with me. My family has owned a property in the Upper Blanco Basin (Upper 84) since 1971. It is about 15 miles up the road so we are pretty close to the end of the trail where it turns into Natl' Forest. My grandparents bought it and 12 years ago turned it over to a family member on the condition that it always be available to the rest of us. Well VERY long story short...it was mortgaged to the eye balls despite being free and clear for 2 decades and now he is in default. My grandparents who are in their 80's want to fight it legally but just don't have it in them any longer. It may be sold for a ridiculously low sum which kills us but the "low sum" amount is still nearly a million dollars so I cannot buy it even though it is worth 2-3 times that. Because of the current economy it is hard to sell anything in the Basin. Another family friend just had her cabin taken back by the bank and only one person turned up for the auction. It sold fully furnished with 3 acres for $200,001. Had we known about this auction we would have bought it because the person who did is a family friend and he would not have bid.

So after all that background....Our family still wants a place in the Upper 84. We cannot figure out how to find these auctions before they occur. We would love to know about the short sales and foreclosure acutions in the Upper 84 and also nearby. If there is someone who can work with us we would be thrilled. We are definitely looking to buy. Acreage is a must and we would even be willing to build on the right property. Obviously the cheaper the better but I can give price range in private message. I don't want to disclose too much here for obvious reasons.

Thanks in advance!

[Coloradoan]

You may want to start by getting access to the weekly newspaper, The Pagosa Springs Sun. It comes out every Thursday, and on the last couple of pages lists all of the foreclosure notices and the date they are up for bid through the banks/county. They are a little difficult to decipher though as they are listed by parcel or section number and not the exact street address. Occasionally there are also ads from auction companies that are selling property.

The realtors are really hurting for business around here and most will call themselves a "specialist" of some sort. I'm sure any of them would be very, very happy to work with you. I would not sign any type of "buyer's agreement" that commits you to any one realtor though; let a bunch of them do the looking for you and see what they come up with. Another FYI, from our experience the biggest names in town are not necessarily the best or the monst honest.

[2bindenver]

Originally Posted by Coloradoan

The realtors are really hurting for business around here and most will call themselves a "specialist" of some sort. I'm sure any of them would be very, very happy to work with you. I would not sign any type of "buyer's agreement" that commits you to any one realtor though; let a bunch of them do the looking for you and see what they come up with. Another FYI, from our experience the biggest names in town are not necessarily the best or the monst honest.

Geeze. I was going to rep you for this post until I got to the second paragraph. Hogwash.

You absolutely should interview and then hire the best real estate broker you can. You certainly don't want everyone to hear your story, or what you can afford.