When a property is REO it is fully owned by the bank and all previous liens have been removed through the foreclosure process. The only lien that would be on a lender owned property would be the one you obtained through your new loan.
If you want to search for REOs, or any other properties, in the Denver area give me a call. I'll set you up in my free, no obligation, MLS notification system.
John Keene, EcoBroker
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