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foreclosure: Short Sale Madness - 03/12/08 04:08 PM
Note to all short sale agents: honesty is the best policy.  The Denver real estate market continues to be a hotspot for short sales.  The main problem here is that there is sometimes a complete lack of communication between lenders and listing agents.  Even to the point where listing agents DO NOT consult the lenders on price changes, or even the initial list price.  This makes for some horrible waiting for potential buyers, followed by massive disappointment when the offer is turned down by the lender.  
That's right. Even full price offers have been turned down by lenders because the listing agents … (0 comments)

foreclosure: Anecdotal vs. Actual - 02/04/08 05:22 PM
Sometimes you have to take what you read and watch in the news with a grain of salt.  Then there are times like these, and news like the foreclosure rate in the Denver real estate market.
I've been reading about this trend for months and months, just like everyone else.  And I've seen evidence that there are still pockets of real strength in this market.  Ever-popular places like Wash Park and Highlands may weather this storm pretty well.  Places like Boulder and Louisville and Golden still seem pretty strong.  
But I had to take a moment when I realized that 75% of … (0 comments)

foreclosure: Denver's Other Market - 01/21/08 07:40 AM
Short sale and foreclosure properties are all over the Denver real estate market.  Our company is writing more and more offers on behalf of our clients on these types of properties.  Not the best sign for our local market, but also not surprising given then news over the past year.  The media stories are based on something.  And the truth is that we ARE seeing more and more of these types of deals.
A word of warning: if you put an offer in on a short sale or foreclosure then you are often in for at least a month-long wait.  And that … (0 comments)

 

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